Reward Analyst

Full Time
London, UK
6 months ago

🚀 We’re on a mission to make money work for everyone.

We’re waving goodbye to the complicated and confusing ways of traditional banking. 

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 team about what it's like working at Monzo ✨

 

📍 London or Remote (UK)  | 💰 up to £65,000 (based on experience level) + Benefits 

About our Reward Team: 

At Monzo, we believe in building a bank that makes money work for everyone. We're on a mission to revolutionise the banking experience and ensure that our employees are well-rewarded for their incredible contributions. As a Reward Analyst, you'll play a pivotal role in shaping our compensation and equity strategy, ensuring that it aligns with our values of fairness and transparency.

What You'll Do:

  • Compensation Analysis: Dive deep into our compensation structure, conduct comprehensive analyses, and provide strategic recommendations to ensure our employees are fairly compensated for their hard work and dedication. This includes leading on benchmarking, gender pay gap and annual pay review analysis.
  • Equity Strategy Development: Work closely with the team to develop and implement a robust equity strategy that fosters a sense of ownership and alignment with Monzo's long-term vision. You'll play a critical role in designing equity plans that reward our employees for their commitment to our shared success.
  • Market Research and Benchmarking: Keep a keen eye on industry trends and benchmarks to ensure that our compensation and equity plans remain competitive and attractive, enabling us to continue attracting top talent and retaining our valuable team members.
  • Collaboration and Communication: Partner with cross-functional teams, including People, Finance, and Leadership, to ensure that our compensation and equity strategies are effectively communicated and integrated across the organisation. You'll serve as a key liaison, fostering a culture of transparency and understanding around our reward initiatives.
  • Data-Driven Insights: Utilise your analytical prowess to generate meaningful insights from data, enabling us to make informed decisions about our compensation and equity programs. Your recommendations will be instrumental in driving our overall strategy and ensuring the continued satisfaction and engagement of our employees.

What You'll Bring:

  • Passion for Fairness: A strong commitment to fairness and equity, ensuring that our reward programs align with Monzo's values and contribute to our inclusive and supportive company culture.
  • Analytical Mindset: A data-driven approach to problem-solving, with the ability to extract valuable insights from complex datasets and translate them into actionable strategies that benefit both employees and the company.
  • Collaborative Spirit: A team-oriented mindset that thrives on collaboration and open communication, enabling you to work effectively with cross-functional teams and drive impactful change within our organisation.
  • Curiosity and Adaptability: A hunger for knowledge and a willingness to adapt to the ever-evolving landscape of compensation and equity strategies, ensuring that Monzo remains at the forefront of fair and competitive reward practices.

If you're ready to join us in our mission to build a fair and transparent banking experience for all, and you're passionate about shaping the future of employee rewards, we'd love to hear from you! Come be a part of our dynamic team and help us create a workplace where everyone thrives.

The Interview Process:

Our interview process involves 4 main stages: 

  • Recruiter Call (30 mins)
  • Take Home Task
  • Role Specific Interview (45 mins)
  • Values & Collaboration Interview (45 mins)

Our average process takes around 2-3 weeks but we will always work around your availability. You will have the chance to speak to our recruitment team at various points during your process but if you do have any specific questions ahead of this please contact us on business-hiring@monzo.com.

Your compensation package:

💰 up to £65,000 base salary (based on to experience)➕ stock options

📍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 

#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, 2022 Diversity and Inclusion Report and 2023 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.