Senior Compensation Manager
Senior Compensation Manager
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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 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 andcombine 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!
Were not about selling products - we want to solve problems and change lives through Monzo
London/UK Remote Benefits Hear from the team
Were looking for a commercially sharp people-first Senior Compensation Manager to help shape the future of reward at Monzo. Youll be at the heart of building a reward experience thats fair progressive and built to scale. Not just fit for today but ready for tomorrow.
Monzo is growing fast and we want to grow thoughtfully. That means making sure our compensation approach reflects our values empowers our people and keeps us competitive in a changing world. Youll lead on high-impact cross-company activity from benchmarking and pay reviews to evolving our frameworks for progression levelling and compliance.
This isnt about maintaining the status quo. Its about driving forward a strategy thats clear meaningful and distinctly Monzo. Youll bring sharp insight analytical a collaborative mindset and the confidence to shape what great looks like for the business and for every Monzonaut.
If youre passionate about meaningful reward work that drives real impact and youre excited by the idea of building and scaling something that truly makes a difference wed love to hear from you.
Youll play a key role by
As our Senior Compensation Manager youll work across the business to build and evolve our reward programmes making sure theyre competitive equitable and future-ready. Heres what youll be working on with the support of our Reward Analysts:
- Leading our annual pay review including key stakeholder management including Senior Management People Partners Hiring team and Business during the compensation team process
- Leading our salary and overall compensation benchmarking to make sure we remain competitive against our peers so we can attract and retain the talent needed for success including collaborating with our hiring team during the job offers stage
- Maintaining and developing Monzos pay frameworks and job levelling to make sure we continue to fairly assess and reward folks for their work
- Owning compensation reporting MI and analytics
- Working alongside our wonderful team mates in the 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 related questions or requests coming from the Business People Partners and Hiring.
- Helping to enhance how we use our systems within the team and explore ways to expand how we use them further
- Supporting the VP of Reward Head of Compensation and wider Reward team to deliver a compelling Reward and Recognition strategy that is aligned with our mission and people strategy
Wed love to hear from you if
You are a technical Compensation expert with deep experience of UK and global compensation within fast paced and scaling technology companies (the FS experience is a nice to have) and have:
- Lead the creation of or evolvement 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 including various data sources with alignment to salary bands and job architecture
- You have been responsible for compensation statutory reporting requirements such Gender Pay Gap reporting Pay Transparency
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 work-from-home setup.
Plus lots more! Read our full list of benefits.
The application journey has 3 key steps:
- A 30-minute call with a recruiter
- An initial conversation with someone from the team
- A practical written exercise
- 23 final stage interviews held remotely via Google Meet
This process should take around 2-3 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.
#LI-TK1 #LI-Remote
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 2024 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:
Manager
Employment Type
Full Time
