At a Glance
- Tasks: Lead a team to create magical banking experiences for millions of customers.
- Company: Join Monzo Bank, a trailblazer in making money work for everyone.
- Benefits: Enjoy flexible working hours, stock options, and a £1,000 learning budget.
- Other info: Remote work options available; diversity and inclusion are top priorities.
- Why this job: Be part of a mission-driven company that values innovation and customer impact.
- Qualifications: Proven experience leading product teams in fast-paced tech environments.
The predicted salary is between 120000 - 140000 £ per year.
Product Director, Core Banking (Accounts)
Join to apply for the Product Director, Core Banking (Accounts) role at Monzo Bank
Product Director, Core Banking (Accounts)
Join to apply for the Product Director, Core Banking (Accounts) role at Monzo Bank
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 ️
Hear from our UK team about what it\'s like working at Monzo
London or Remote UK | £140,000 to £170,000 + Stock Options + Benefits | Product at Monzo | Hear from the team
About The Team
Core Banking is responsible for the current account that makes money work for 12 million customers. This includes the Personal Account, Joint Account, Under 16s and 16 - 17 accounts, and Subscriptions (Extra, Perks and Max). It’s responsible for well-loved features like the 1p Savings Challenge, Pots, Trends and more.
What You’ll Be Working On
As a Product Director within Core Banking, you’ll lead a team of Product Managers to define and deliver a strategy to make everyday money magical for everyone . You’ll be responsible for our main account types (personal, joint, U16s, 16-17) and core value props like travel, shared finances, rewards and loyalty, and money management (including payday, bills, budgeting, insights and more).
What You\'ll Do
- Lead the charge: build a product vision and strategy for your area, ensuring alignment with Monzo’s goals and an exceptional customer experience.
- Develop a team: build and coach a high-performing product team to obsess over customers, innovate, move quickly and ultimately enjoy their work.
- Communicate effectively: get people inspired by the product vision and share the right context with the right people at the right time.
- Collaborate seamlessly: partner with engineering, design, data, research, marketing and other teams across Monzo to get stuff done.
- Have impact: define, deliver and measure the impact of the customer-focused experiences you create.
- You are a seasoned product leader, and have a track record of leading high-performing product teams at a fast-growing consumer tech company to:
- build highly engaging (daily/weekly) experiences for millions of customers
- deliver company trajectory-changing impact
- (nice-to-have) build a multi-market product, with a proven ability to balance priorities across geographies
- You\'re data-driven and commercial, and have a track record of collaborating with data scientists to define key metrics, run experiments, and deliver business impact.
- You can systematically break down and solve complex problems.
- You have good judgement, and you’re able to make good decisions in complex situations where there’s often no “right answer”.
- You have the urge and resilience to challenge the status quo and make things better, and are full of creative ideas for how to do so.
- You can work effectively with a diverse range of people and working styles - spanning engineering, design, data, user research, marketing, legal and compliance - to get stuff done.
- You’re a great storyteller, who is able to motivate, energise and inspire people towards a common goal.
- You’re passionate about building value for customers and not just achieving business results, and are excited about our mission at Monzo.
- You’re intellectually honest about your work\'s performance, continually striving for improvement.
- You’re a fast learner, humble and curious, and enjoy learning every day and sharing your knowledge and experience.
- You’ve managed a team of PMs, have a proven ability to coach and develop others, and can provide clear and constructive feedback to your team and other disciplines.
- You can get hands-on when necessary, to fill gaps - in people or experience - and set a practical example for what great looks like.
Our interview process involves 4 main stages:
- Recruiter Call
- Initial Call with Hiring Manager
- Final Loop, consisting of x3 hour long interviews to assess Project Walkthrough, Case Study and Leadership
- A final stage with a VP or CPO within the Product team
What’s In It For You
£140,000 to £170,000 depending on experience stock options & benefits
️ We can help you relocate to the UK
We can sponsor visas
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, at times that suit you and your team.
Learning budget of £1,000 a year for books, training courses and conferences
And much more, see our full list of benefits here
If you prefer to work part-time, we\'ll make this happen whenever we can - whether this is to help you meet other commitments or strike a great work-life balance.
Equal opportunities for everyone
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. At Monzo, we’re embracing diversity by fostering an inclusive environment for all people to do the best work of their lives with us. This is integral to our mission of making money work for everyone. You can read more in our blog, 2024 Diversity and Inclusion Report and 2024 Gender Pay Gap Report.
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.
If you have a preferred name, please use it to apply. We don\'t need full or birth names at application stage
Seniority level
Seniority level
Director
Employment type
Employment type
Full-time
Job function
Job function
Product Management and MarketingIndustries
Banking
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#J-18808-LjbffrProduct Director, Core Banking (Accounts) in London employer: Monzo Bank
Monzo Bank is an exceptional employer that champions innovation and inclusivity, making it a fantastic place for a Product Director in Core Banking. With a commitment to flexible working hours, a generous learning budget, and a vibrant culture that prioritises diversity, Monzo empowers its employees to thrive while making a meaningful impact on the financial lives of millions. Join us in our mission to revolutionise banking and enjoy the benefits of stock options and a supportive work environment in London or remotely across the UK.
StudySmarter Expert Advice🤫
We think this is how you could land Product Director, Core Banking (Accounts) in London
✨Tip Number 1
Familiarise yourself with Monzo's product offerings and customer-centric approach. Understanding their mission to simplify banking will help you align your vision and strategy with theirs during discussions.
✨Tip Number 2
Prepare to showcase your experience in leading high-performing product teams. Be ready to discuss specific examples of how you've driven engagement and delivered impactful results in previous roles.
✨Tip Number 3
Brush up on your data-driven decision-making skills. Be prepared to talk about how you've collaborated with data scientists to define metrics and run experiments that have led to significant business outcomes.
✨Tip Number 4
Highlight your storytelling abilities. Think of ways to inspire and energise others around a common goal, as this is crucial for the role. Practice articulating your product vision clearly and compellingly.
We think you need these skills to ace Product Director, Core Banking (Accounts) in London
Some tips for your application 🫡
Understand the Role:Before applying, make sure you fully understand the responsibilities and expectations of the Product Director role at Monzo. Tailor your application to highlight your experience in leading product teams and delivering impactful customer experiences.
Craft a Compelling CV:Your CV should clearly showcase your achievements in product management, particularly in fast-growing consumer tech environments. Use metrics to demonstrate your impact, such as user engagement or revenue growth, and ensure it aligns with the job description.
Write a Strong Cover Letter:In your cover letter, express your passion for Monzo's mission and how your values align with theirs. Highlight specific examples of how you've led product strategies that resonate with their goals, such as enhancing customer experiences or innovating financial solutions.
Prepare for Interviews:Anticipate questions related to your leadership style, problem-solving abilities, and experience with data-driven decision-making. Be ready to discuss case studies or past projects that demonstrate your capability to lead high-performing teams and deliver results.
How to prepare for a job interview at Monzo Bank
✨Understand Monzo's Mission
Before your interview, make sure you fully grasp Monzo's mission to make money work for everyone. Be prepared to discuss how your vision aligns with this goal and how you can contribute to creating magical moments for customers.
✨Showcase Your Leadership Skills
As a Product Director, you'll need to demonstrate your ability to lead high-performing teams. Prepare examples of how you've successfully built and coached product teams in the past, focusing on innovation and customer obsession.
✨Prepare for Data-Driven Discussions
Monzo values data-driven decision-making. Be ready to discuss your experience collaborating with data scientists, defining key metrics, and running experiments that have led to significant business impact.
✨Communicate Your Problem-Solving Approach
Expect to face complex scenarios during the interview. Be prepared to articulate your systematic approach to breaking down problems and making decisions, especially in situations where there may not be a clear 'right answer'.
