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Head of Compensation (Interim)

Cardiff, London or Remote (UK)

🚀 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 ✨

 

⭐Our Reward team

We’re looking for a Senior Compensation Leader to join us as Head of Compensation on a fixed-term basis, for a period of 6 to 12 months. In this role, you'll lead our team through the annual pay review process and support key strategic projects. 

Monzo's mission is to make banking work for everyone – and to do that, we need to build exceptional reward programmes that attract, retain, engage, and motivate the best talent, all while staying true to our values and culture.

Reporting directly to the VP of Reward, you'll have the opportunity to make a significant impact quickly, leading compensation activities globally during an exciting period of change. This is a fantastic opportunity for a seasoned comp leader with experience managing teams in fast-paced environments. Based in the UK, Monzo’s headquarters, you’ll play a crucial role in setting the direction, strategy, and policy for our reward programmes across our diverse and dynamic teams.

 

🔑You’ll play a key role by…

  • Leading the annual pay review process
  • Collaborating with our Hiring team to craft competitive offers for senior roles
  • Partnering with senior leaders to roll out new compensation initiatives
  • Evolving our approach to market benchmarking
  • Introducing a new job architecture framework
  • Supporting Monzo’s European expansion by implementing country-specific compensation frameworks

 

🤩We’d love to hear from you if…

  • You’re an experienced compensation leader who’s adaptable, thinks critically, and thrives in a flexible, collaborative environment
  • You’ve led compensation activity in a large organisation
  • You bring deep expertise in all things compensation
  • You’re highly adaptable and comfortable in a fast-paced environment
  • You’re confident managing stakeholders at all levels (exec, board, and leadership teams)

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 thats 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 ➕share 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, and at times that suit you and your team. 

🏡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 4 key steps

  • Intro call with the recruiting team
  • First stage intro call with the hiring manager
  • Second stage interview with two peers
  • Final stage interview with the hiring manager

This process should take around 2 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 business-hiring@monzo.com. 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. 

If you’d prefer to work part-time, please let us know and we'll make this happen if we can.

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, 2023 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 😊

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Our goal at Monzo is to make money work for everyone. To do that, working at Monzo must work for everyone. We want to create an equitable, engaged and innovative workplace which gives people from all backgrounds the support they need to thrive and grow. 

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