At a Glance
- Tasks: Craft commercial strategies and drive impactful decisions for Business Banking.
- Company: Join Monzo, a revolutionary fintech changing the way money works for everyone.
- Benefits: Competitive salary, flexible working hours, and a £1,000 learning budget.
- Other info: Diversity and inclusion are at our core; we welcome all applicants.
- Why this job: Make a real impact in a high-growth environment while solving complex problems.
- Qualifications: Experience in commercial leadership and strategic decision-making in fast-paced settings.
The predicted salary is between 73000 - 91000 £ per year.
We’re on a mission to make money work for everyone. We’re waving goodbye to the complicated and confusing ways of traditional banking. After starting as a prepaid card, our product offering has grown a lot in the last 10 years in the UK. As well as personal and business bank accounts, we offer joint accounts, accounts for 16-17 year olds, a free kids account and credit cards in the UK, with more exciting things to come beyond. Our UK customers can also save, invest and combine their pensions with us. With our hot coral cards and get-paid-early feature, combined with financial education on social media and our award winning customer service, we have a long history of creating magical moments for our customers. We’re not about selling products - we want to solve problems and change lives through Monzo.
Our Business Banking team has been dedicated to delivering the very best of Monzo to small businesses, making their lives easier with everyday business banking essentials, time-saving tools, and our signature money management features. Today, it’s an award-winning service, empowering over 850,000 businesses across the UK.
You’ll play a key role by:
- Commercial impact: You’ll craft clear commercial strategies across channels, products, and markets for Business Banking.
- Navigating Our Strategic Course: You’ll constantly monitor the effectiveness of our initiatives and our financial performance, using data to adapt our strategies and ensure we’re always on the right track.
- Developing compelling business cases for product expansion and distribution initiatives.
- Crafting pricing strategies and business models for our products.
- Making key build/partner decisions for vital product lines and features.
- Presenting and gaining alignment on our strategy at senior forums (including ExCo and the Board).
- Supporting sales and partnerships led initiatives to accelerate growth.
- Taking ideas from zero to one: You’ll own the initial phases of new product and commercial initiatives.
What we’d love to hear from you if:
- Commercial Leadership Experience: You have a strong track record of defining & successfully delivering commercial success for a business line and evaluating new business ideas.
- You have significant experience in a high-growth startup/scale-up, driving high impact P&L initiatives, driving commercial and strategic decisions.
- Strategic Acumen: You have a strategic mind, capable of seeing the bigger picture, thinking in systems, and anticipating future trends.
- Exceptional Problem-Solving Skills: Your 'superpower' is solving complex problems with analytical rigor, commercial viability, and execution certainty.
- Adaptability & Ownership: You’re a self-starter who thrives in ambiguity, adept at navigating complex, rapidly evolving environments, and driven by impact and ownership.
- Collaboration & Influencing Without Authority: You have an exceptional ability to connect the dots across different parts of the business, foster collaboration, and drive decisions without authority.
- Industry Expertise: You have experience building & growing business products or building financial and software products in a high growth company.
- You are humble but excited by what we’re doing at Monzo.
What’s In It For You:
- £85,000 - £105,000
- This role can be based in our London office, but we’re open to distributed working within the UK (with ad hoc meetings in London).
- 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!
The application journey has 3 key steps:
- Recruiter Call – 30 minutes
- Initial Call – 30 minutes
- Loop Interviews:
- Live case study interviews (60 minutes each)
- One behavioral interview (60 minutes)
Diversity and inclusion are a priority for us and we’re making sure we have lots of support for all of our people to grow at Monzo. This is integral to our mission of making money work for everyone. We’re an equal opportunity employer. All applicants will be considered for employment without attention to age, ethnicity, religion, sex, sexual orientation, gender identity, family or parental status, national origin, or veteran, neurodiversity or disability status.
Commercial Strategy Manager employer: Monzo Bank
Monzo is an exceptional employer that champions a flexible and inclusive work culture, allowing employees to thrive in their roles while balancing personal commitments. With a strong focus on employee growth, offering a generous learning budget and opportunities for collaboration across teams, Monzo empowers its staff to drive meaningful change in the financial sector. Located in London, the company provides a vibrant environment where innovative ideas flourish, making it an ideal place for those looking to make a significant impact.
StudySmarter Expert Advice🤫
We think this is how you could land Commercial Strategy Manager
✨Tip Number 1
Get to know Monzo inside out! Familiarise yourself with our products and services, especially in Business Banking. This will help you speak confidently about how you can contribute to our mission during interviews.
✨Tip Number 2
Network like a pro! Connect with current employees on LinkedIn or attend industry events. Building relationships can give you insider info and might even lead to a referral, which is always a bonus!
✨Tip Number 3
Prepare for those case study interviews! Brush up on your analytical skills and practice problem-solving scenarios relevant to commercial strategy. We love seeing how you tackle real-world challenges.
✨Tip Number 4
Don’t forget to showcase your adaptability! Share examples of how you've thrived in fast-paced environments. We want to see that you can navigate ambiguity and drive impact, just like we do at Monzo.
We think you need these skills to ace Commercial Strategy Manager
Some tips for your application 🫡
Be Authentic:When you're writing your application, let your personality shine through! We want to get to know the real you, so don’t be afraid to share your passion for commercial strategy and how it aligns with our mission at Monzo.
Tailor Your Application:Make sure to customise your application for the Commercial Strategy Manager role. Highlight your relevant experience and skills that match what we’re looking for, especially in high-growth environments and strategic decision-making.
Showcase Problem-Solving Skills:We love a good problem-solver! Use your application to demonstrate how you've tackled complex challenges in the past. Share specific examples that showcase your analytical skills and strategic thinking.
Apply Through Our Website:Don’t forget to apply through our website! It’s the best way to ensure your application gets into the right hands. Plus, it shows us you’re serious about joining the Monzo team!
How to prepare for a job interview at Monzo Bank
✨Know Your Numbers
As a Commercial Strategy Manager, you'll need to demonstrate your analytical skills. Brush up on key financial metrics and be ready to discuss how you've used data to drive commercial success in previous roles. Prepare examples that showcase your ability to evaluate business ideas and their impact on P&L.
✨Master the Art of Storytelling
When presenting your strategies or past experiences, think about how you can weave a compelling narrative. Use the STAR method (Situation, Task, Action, Result) to structure your answers, especially when discussing complex problem-solving scenarios. This will help you connect with your interviewers and make your points memorable.
✨Showcase Your Strategic Mindset
Be prepared to discuss how you see the bigger picture and anticipate future trends. Think about recent developments in the banking sector and how they could affect Monzo's strategy. Bring insights into how you would craft pricing strategies or business models that align with their mission of making money work for everyone.
✨Demonstrate Collaboration Skills
Since this role involves influencing without authority, think of examples where you've successfully collaborated across teams. Highlight your ability to connect different parts of a business and drive decisions. Be ready to discuss how you foster collaboration and navigate ambiguity in high-growth environments.
