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With our vibrant hot coral cards and early payday feature, coupled with engaging financial education content on social media and award-winning customer support, we’re dedicated to crafting exceptional experiences for our customers!

Our focus isn’t on pushing products; we’re here to address challenges and transform lives through Monzo ï¸

We are excited to announce an extraordinary opportunity for a strategic and innovative Head of Procurement to enhance, scale, and lead our global procurement efforts. This critical role will be instrumental in defining and advancing Monzo’s procurement strategy while optimizing our sourcing processes to align with our ambitious growth targets. This is a remarkable chance for an experienced procurement expert to spearhead an essential function within a vibrant, tech-focused banking environment with bold aspirations.

In this role, you will guide a high-performing team dedicated to delivering outstanding results for Monzo and its clients while uncovering substantial opportunities to drive value, efficiency, and sustainability. You will oversee a range of strategic projects, including our international expansion efforts, providing you with in-depth insights into Monzo’s operations at the executive level.

Your key responsibilities will include shaping the sourcing strategy, negotiating, and managing strategic supplier relationships. You will work closely with executive stakeholders to ensure that procurement strategies are deeply integrated with Monzo’s global business objectives, prioritizing impactful opportunities as we expand into the EU market.

• Establishing and directing the strategic vision for Monzo’s procurement function, enhancing it to support our ambitious growth and international expansion.
• Building and managing executive-level relationships with key business partners to align suppliers and procurement strategies with overarching business goals.
• Collaborating with senior leadership to achieve optimal commercial outcomes, effectively balancing cost, quality, service, and compliance.
• Utilizing data, insights, and analytical reporting to prioritize initiatives and showcase the value of the Procurement function.
• Serving as the senior authority on procurement strategies, commercial approaches, and relationship management, delivering thought leadership and strategic direction.
• Identifying opportunities to harness technology to advance Procurement and supplier management as we scale.
• Overseeing the identification, onboarding, and management of essential third-party partners.
• Establishing and fostering long-term, strategic collaborations with key suppliers, emphasizing mutual growth and innovation.
• Cooperating with executive teams across Legal, Compliance, Tech, Finance, Product, and Operations to drive growth initiatives and ensure procurement supports scalable, global business solutions.

We’d be thrilled to connect with you if you have:

• A wealth of experience leading procurement functions in fast-paced, growth-oriented tech environments, preferably in fintech or similar sectors.
• A proven track record of navigating complex procurement landscapes associated with global expansion, including an in-depth understanding of regulatory frameworks and international market dynamics.
• Significant expertise in strategic purchasing of technology and software licenses.
• Experience with advanced procurement and contract lifecycle management tools and systems to enhance process efficiency and strategic decision-making.
• A strong background in procure-to-pay processes and ERP systems, with an emphasis on optimization and strategic alignment.
• A comprehensive understanding of outsourcing regulations within the financial services or insurance sectors, particularly on an international level.
• Advanced knowledge in information security and cyber risk management.

What’s in store for you:

This role can be offered from our London or Cardiff office, or through flexible remote work across the UK (with regular meet-ups in London and potential for international travel).

We value flexibility in working hours and trust you to determine the schedule that enables you to excel at your role, while also accommodating your team.

You’ll have access to a generous annual learning budget for executive education, industry conferences, and networking opportunities.

We’re committed to equipping you for success at home; all employees receive MacBooks, and remote workers will receive comprehensive support for their home office setup.

The application process involves three key stages:

• An interview with the Hiring Manager or Executive Leadership team.
• In-depth technical and strategic discussions with key stakeholders.

This entire process typically spans around 2-3 weeks—your scheduling needs are important to us, and we aim to offer maximum flexibility!

Throughout your application journey, we promise to keep you updated. Should you have any inquiries or require assistance to facilitate the process due to disability, neurodiversity, or any other factors, feel free to contact us.

Commitment to Equal Opportunities:

Diversity and inclusion are at the forefront of our priorities, and we are dedicated to supporting all our team members in their growth at Monzo. We embrace diversity by cultivating an inclusive environment where everyone can thrive and do their best work, aligning with our mission to make money work for everyone. Explore more in our blog, 2024 Diversity and Inclusion Report, and 2024 Gender Pay Gap Report.

As an equal opportunity employer, we evaluate applicants without regard to age, ethnicity, religion, gender, sexual orientation, gender identity, family status, national origin, or veteran, neurodiversity, or disability status.

If you prefer a name different from your legal name, please use it in your application. Full names are not required at this stage.

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