Overview

Senior Compensation Manager at Monzo Bank. We’re seeking a commercially sharp, people-first compensation professional to shape the future of reward at Monzo. You’ll help build a reward experience that’s fair, progressive and built to scale — not just for today, but for tomorrow.

Responsibilities

• Lead our annual pay review, including stakeholder management with senior management, People Partners, hiring teams and the business during the compensation process.
• Lead salary and overall compensation benchmarking to remain competitive and attract/retain talent, including collaboration with the hiring team during offers.
• Maintain and develop Monzo’s pay frameworks and job leveling to fairly assess and reward work.
• Own compensation reporting, MI and analytics.
• Work with Payroll and People Ops teams to implement and improve reward processes to give Monzo employees the best experience.
• Be the main point of contact for compensation questions or requests from the Business, People Partners and Hiring.
• Help enhance how we use our systems within the team and explore ways to expand usage.
• Support the VP of Reward, Head of Compensation and the wider Reward team to deliver a compelling Reward and Recognition strategy aligned with our mission and people strategy.

Qualifications

You are a technical compensation expert with deep experience of UK and global compensation within fast-paced and scaling technology companies (FS experience is a nice to have).

• Lead the creation or evolution of a Compensation Philosophy.
• Lead annual pay review cycles end to end, including extensive modelling to align with budget requirements.
• Lead the annual benchmarking process, including extensive analysis of various data sources with alignment to salary bands and job architecture.
• You have been responsible for compensation statutory reporting requirements such as the Gender Pay Gap reporting and Pay Transparency.

Not ticking every box? That’s totally okay! Studies show that women and people of colour might hesitate to apply unless they meet every single requirement. At Monzo, we’re dedicated to creating a diverse and welcoming team. If you’re passionate about this role and keen to learn and grow with us, we encourage you to apply— even if you don’t have everything that's listed just yet. Drop us your application, we’d love to hear from you!

What’s In It For You

We’re flexible on the base salary, depending on experience, plus stock options.

We offer flexible working hours and trust you to work enough hours to do your job well, and at times that suit you and your team.

£1,000 learning budget each year to use on books, training courses and conferences.

We will set you up to work from home; all employees are given Macbooks and for fully remote workers we will provide extra support for your work-from-home setup.

Plus lots more! Read our full list of benefits.

The Application Journey

• A 30-minute call with a recruiter
• An initial conversation with someone from the team
• A practical written exercise
• 2–3 final stage interviews held remotely via Google Meet

This process should take around 2–3 weeks — we’ll be as flexible as possible to fit your schedule.

You’ll hear from us throughout the process. You can read our guidelines on using AI to ace an application and interview at Monzo. If you have questions, please reach out to business-hiring@monzo.com. You can also use this email address to let us know if there’s anything we can do to make the process easier for you because of disability, neurodiversity or anything else.

We’ll only close this role once we have enough applications for the next stage. Please submit your application as soon as possible to avoid missing out.

Equal opportunities for everyone

Diversity and inclusion are a priority at Monzo. We foster an inclusive environment for all people to do the best work of their lives with us, and we’re committed to equal opportunity employment. All applicants will be considered without regard to age, ethnicity, religion, sex, sexual orientation, gender identity, family or parental status, national origin, veteran status, neurodiversity or disability. For more details, see our Diversity and Inclusion and Gender Pay Gap reports. If you have a preferred name, please use it to apply. We don’t need full or birth names at the application stage.