Reward Governance Senior Manager

Monzo; London; Remote; GBP 70,000 - 110,000; Full time

Job summary

Monzo is looking for a skilled Reward Governance Senior Manager to join its People Collective. The role involves shaping remuneration policies and ensuring compliance with UK and EU regulations, offering a unique chance to impact the company's culture and operations positively. With flexible working and learning opportunities, Monzo values a diverse and inclusive workforce.

Benefits

Flexible working hours

£1,000 learning budget annually

Macbook and support for remote work setup

Qualifications

• Knowledge of EU and UK remuneration regulations in financial services.
• Experience with Remuneration Committees and executive compensation.
• Proactive and comfortable with ambiguity and ongoing change.

Responsibilities

• Provide subject matter expertise on reward governance and regulation.
• Support Monzo's Remuneration Committees and draft related papers.
• Evaluate remuneration policies against regulatory landscape.

Skills

Knowledge of remuneration regulations

Financial services experience

Attention to detail

Process improvement mindset

Communication

Flexibility

Job description

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 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!

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/UK Remote |Benefits|Hear from the team

About the role:

We're looking for an experienced Reward Governance Senior Manager to join the Reward Squad within our People Collective to help us work at scale while maintaining a people focused business and excellent culture.

Reporting to the Head of Reward Governance, you’ll be empowered to contribute towards the success of the company by contributing to the shaping of Monzo’s remuneration policy, processes and practices whilst ensuring compliance from a remuneration regulatory perspective in the UK and across the EU.

The role:

You’ll be responsible for providing subject matter expertise on Reward governance and regulation, ensuring that the appropriate structures, policies and practices are in place across Monzo. This will involve keeping abreast of remuneration regulatory issues and evaluating Monzo’s remuneration policies, practices and processes against the continuously evolving remuneration regulatory landscape in the UK and across the EU.

The role will include providing subject matter expertise on Reward governance, regulation and Remuneration Committee activities.

• Supporting Monzo's Remuneration Committees, including establishing a new EU Remuneration Committee
• Drafting Remuneration Committee papers
• Working on executive compensation plans
• Evaluating Monzo’s remuneration policies and practices against a continuously evolving remuneration regulatory landscape in the UK and EU
• Key contributor to the shaping and application of Monzo’s remuneration policy, processes and practices from a UK and EU perspective
• Helping to shape and develop Monzo’s reward structures to ensure compliance with regulatory requirements
• MRT identification
• Remuneration regulatory reporting and internal audits
• Educating the People Collective on the practical impact of remuneration regulations
• Collaborating with the wider Reward team and other internal stakeholders i.e. Risk & Compliance, Legal, Finance
• This will be a varied and dynamic role that will need to be flexible and adapt to evolving growth areas of Monzo

You should apply if:

• You have knowledge of EU and UK remuneration regulations in financial services
• You have financial services Remuneration Committee and executive compensation experience
• You prioritise high impact work, but never neglect the details
• You are flexible and are comfortable working with ambiguity, on-going change and changing priorities
• You naturally consider the customer/people impact of decisions and communications
• You have a process improvement mindset to increase the effectiveness and efficiency of the services offered
• You are independent, proactive, comfortable making decisions, and a great communicator

Not ticking every box? That’s totally okay! Studies show that women and people of colour might hesitate to apply unless they meet every single requirement. At Monzo, we’re dedicated to creating a diverse and welcoming team. If you’re passionate about this role and keen to learn and grow with us, we encourage you to apply— even if you don’t have everything that's listed just yet. Drop us your application, we’d love to hear from you!

What’s in it for you

We’re 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.

£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!Read our full list of benefits.

The application journey has 3 key steps:

• A 30-minute call with a recruiter
• An initial conversation with the Hiring Manager
• A loop interview with members of the team and key stakeholders

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.

You’ll hear from us throughout the application process, but if you’ve got any questions, please reach out to [e-mail]. You can also use this email address to let us know if there’s anything we can do to make the process easier for you because of disability, neurodiversity or anything else.

We’ll 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 don’t miss out.

#LI-TK1 #LI-Remote

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