At a Glance
- Tasks: Lead the future of business banking by crafting innovative financial solutions for UK businesses.
- Company: Join Monzo, a forward-thinking bank revolutionising how businesses manage their money.
- Benefits: Competitive salary, performance incentives, flexible hours, and a £1,000 learning budget.
- Other info: Remote work options available, with opportunities for career growth and development.
- Why this job: Shape impactful products that empower small businesses with modern banking tools.
- Qualifications: Proven experience in product management and leading high-performing teams.
The predicted salary is between 100000 - 125000 £ per year.
London or Remote in the UK | £100,000-£125,000 (depending on experience) + Incentive Awards tied to your performance + Benefits | Product at Monzo
Our Business Banking team: As a Senior Product Manager for Business Banking, you’ll deliver the future of how UK businesses manage their money. This is a rare opportunity to shape one of Monzo’s most strategically important product areas, leading teams to build innovative, differentiated experiences that no other bank offers.
You’ll own our Spend Management domain, which we’ve defined as: how small businesses enable their teams to bank together safely, simply and confidently. For a business, banking together means giving the right people the right level of access, setting up roles and permissions, creating approval workflows, managing expense cards, and giving owners the tools to delegate without losing control.
It’s an exciting space to disrupt with new technology. Today, many small businesses are underserved by clunky banking tools, expensive finance software, or manual processes that don’t reflect how modern teams actually work. We think Monzo can change that by building simple, powerful collaboration tools for the businesses that need them most.
You’ll set the vision, craft a customer-obsessed strategy, and create the execution engine that turns ambition into reality. We’re looking for someone who pairs exceptional product taste with strong analytical depth, thrives in ambiguity, and can inspire teams to deliver world-class outcomes.
You’ll play a key role by:
- Lead the charge: build a product vision and strategy for your area, ensuring alignment with Monzo’s goals and an exceptional customer experience.
- Communicate effectively: you get people inspired by the product vision and you 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 create a strategy and deliver.
- Deliver impact: define, deliver and measure the impact of the customer-focused experiences you create.
We’d love to hear from you if:
- You are an experienced product manager, and have led high-performing teams to ship world-class products at a fast growing company.
- You have a track record of leading consumer efforts that drive significant value for customers and the business.
- You're data-driven and commercial, and have a track record of collaborating with machine learning experts or 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 have a track record of making 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.
The interview process:
Our interview process usually 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. Our average process takes around 4-6 weeks but we will always work around your availability.
What’s in it for you: £100,000-£125,000 + Incentive Awards tied to your performance + 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 - at least monthly - 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.
Senior Product Manager, Business Banking in London employer: Referrals Only
As a Remote Senior Lead Product Designer at our innovative company, you'll be part of a dynamic design team dedicated to creating impactful solutions that make money work for everyone. We foster a collaborative and inclusive work culture, offering extensive employee growth opportunities and a competitive benefits package, all while allowing you the flexibility of remote work from anywhere in the UK. Join us to contribute to meaningful projects and experience a supportive environment that values creativity and professional development.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Product Manager, Business Banking in London
✨Join Product Management Meetups
Get involved in local product management meetups or workshops. These events are perfect for meeting industry folks, sharing ideas, and staying updated on trends. Plus, you never know who might be hiring—it's a fantastic way to make connections that could lead to a job at places like Referrals Only!
✨Show Off Your Product Sense
Create case studies or mini-projects showcasing your product management skills, and share them on platforms like Medium or LinkedIn. This not only puts your skills on display but also boosts your visibility in the product community. Imagine how impressed the hiring team at Referrals Only would be by your initiative!
✨Utilise Online Communities
Dive into online product management communities like Product Coalition or Mind the Product. Engage in discussions, ask questions, and share your insights. These platforms are goldmines for networking and finding hidden job opportunities—many companies often scout talent from within these circles.
✨Leverage Your University Network
If you’ve recently graduated or are still in uni, tap into your alumni network for connections in product management. Many universities have their own job boards and affinity resources to help graduates land roles. Don't forget to keep an eye out for job openings at Referrals Only through your school's career services!
We think you need these skills to ace Senior Product Manager, Business Banking in London
Some tips for your application 🫡
Show Off Your Product Passion:When applying for a product management role like Senior Product Manager, Business Banking, let your passion for developing products shine through in your cover letter. Share specific examples of products you've managed, how you solved user needs, and any successful outcomes you've achieved. This is your chance to showcase your understanding of the product lifecycle!
Highlight Your Cross-Functional Skills:Product management isn't just about understanding the product; it’s about collaborating with different teams! Make sure to emphasise your experience working with developers, designers, and marketers. Use your CV to showcase your ability to bridge gaps between these areas, and include relevant experiences that demonstrate your communication and leadership skills!
Include Your Metrics and Achievements:In a full-time product management application, data speaks volumes! Quantify your achievements wherever possible. Did you increase user retention by a certain percentage? Launch a product ahead of schedule? Include these metrics in your CV to paint a picture of your impact and effectiveness in previous roles.
Tailor Your CV to the Role:Make sure your CV is tailored for the Senior Product Manager, Business Banking position at Referrals Only. Use keywords from the job description and ensure your relevant experiences are front and centre. Highlight any certifications or relevant training you’ve completed that will make you stand out as a strong candidate for the role. And remember, we’re excited to see your application on our website!
How to prepare for a job interview at Referrals Only
✨Understand the Product Life Cycle
As a product management candidate, we need to get our head around the complete product life cycle. Be prepared to discuss real-world examples of how you’ve managed product development from ideation to launch. Bring specific insights on tools like JIRA or Trello that can help streamline these processes.
✨Showcase Your Cross-Functional Skills
Product management is all about collaboration. We should be ready to highlight how we’ve worked across teams—think marketing, engineering, and design. Prepare to discuss scenarios where you had to mediate differing opinions and how you got everyone on board with a shared vision.
✨Prepare for Case Studies
In a full-time role, we can expect to encounter case study questions during our interviews. Practise solving hypothetical product problems on the spot, such as prioritising features for a new app or improving user engagement metrics. This will show our analytical thinking and decision-making skills.
✨Know Your Metrics
Let’s face it, numbers are our best friends in product management. We should prepare to discuss key performance indicators (KPIs) and how we've used analytics to inform product decisions. Dive into examples where data has driven our strategy for improvements or justified product changes.
