Reward Analyst
Reward Analyst
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Job Description
Were on a mission to make money work for everyone.
Were 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 aspersonal and business bank accounts we offer joint accounts accounts for 1617 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 getpaidearly 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!
Were not about selling products we want to solve problems and change lives through Monzo
London/UK Remote Benefits Hear from the team
Our Reward team
Were looking for a proactive organised and conscientious Reward Analyst to join the Reward Squad within our People Collective to help us work at scale while maintaining a people focused business and excellent culture.
The People Collective is looking for someone who is passionate about supporting a Reward and Recognition function that is engaging scalable and most importantly equitable. We are looking for someone who enjoys dotting the is and crossing the ts but never loses sight of the fact that at the start of all those numbers are our people.
The Reward squad covers everything from pay review cycles benchmarking analysis to pension and everything in between. Were on a mission to help Monzo find unique ways to reward and recognise Monzonauts.
Youll play a key role by
You will fulfil the day to day operations of the Compensation Team focusing primarily on our pay review cycle benchmarking process which all lead to managing our stakeholder requirements as well as wider compensation activities. Youll use your initiative to determine what areas and processes can be improved working with members of the People Collective and wider reward team to make sure we are doing whats best for our Monzonauts.
Each day will be different and youll learn a lot about the inner operations of how a Reward squad works. Youll help specifically within the Compensation Team on:
Pay Review Cycle:
- Facilitating the overall reporting requirements resulting from our pay review cycles
- Supporting the management of our pay review cycles via our compensation planning tool pre during and post pay review cycles
Benchmarking Cycle:
- Supporting the annual benchmarking process which includes the preparation of various downstream reporting submissions and analysis against current pay frameworks
- Other:
- Collating and analysing data to support senior leadership decisions including input into Remuneration Committee support documents.
- Managing any required Regulatory Reporting resulting from the compensation processes as well as carry out any enhancements due to regulatory changes.
- Supporting the creation of routine and ad hoc reports compensation management information.
- Collaborating with the wider reward squad on the ins and outs of our pay review cycle and benchmarking processes.
Wed love to hear from you if
- youre a resourceful problem solver who is cool in a crisis
- you have excellent excel / google sheet knowledge
- you prioritise high impact work but never neglect the details
- youre independent proactive comfortable making decisions and a great communicator
- helping people makes you happy
- ideally youll have some experience designing dynamic reporting requirements developing reporting databases and designing and maintaining reward analytics
Not ticking every box Thats totally okay! Studies show that women and people of colour might hesitate to apply unless they meet every single requirement. At Monzo were dedicated to creating a diverse and welcoming team. If youre passionate about this role and keen to learn and grow with us we encourage you to apply even if you dont have everything thats listed just yet. Drop us your application wed love to hear from you!
Whats in it for you
Were flexible on the base salary depending on experience 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.
1000 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 workfromhome setup.
Plus lots more! Read our full list of benefits.
The application journey has 3 key steps:
- Intro call with the recruiting team
- First stage interview with the hiring manager
- A loop interview with members of the team and key stakeholders
This process should take around 23 weeks your schedule is really important to us so we promise to be as flexible as possible!
We have some guidelines on using Artificial Intelligence (AI) to ace an application and interview at Monzo. You can read them here.
Youll hear from us throughout the application process but if youve got any questions please reach out to You can also use this email address to let us know if theres anything we can do to make the process easier for you because of disability neurodiversity or anything else.
Well only close this role once we have enough applications for the next stage. Please submit your application as soon as possible to make sure you dont miss out.
Equal opportunities for everyone
Diversity and inclusion are a priority for us and were making sure we have lots of support for all of our people to grow at Monzo. At Monzo were 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 2023 Diversity and Inclusion Report and 2024 Gender Pay Gap Report.
Were 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 dont need full or birth names at application stage
Required Experience:
IC
Employment Type
Full Time
