Agile and innovative, neobanks are popular among consumers and job seekers alike.
For end users, the appeal is obvious: neobanks such as Revolut, Curve, GoHenry and Monzo offer a customer-centric approach that provides not just traditional account management via a mobile phone, but crucially, ease of use.
UK customers are more than willing to manage their money online too, with 74% of the public saying that challenger banks are safe to use. That compares to 70% of those in France and Spain, 57% of Americans, 56% in Germany, and just 53% in Hong Kong– writes Kirstie McDermott, Senior Content Manager, Amply.
These disruptive forces in banking have revolutionised the sector, and data compiled by Statista shows that compared to other European countries, the UK has a higher than average fintech products and services adoption rate.
Despite a slowdown in funding this year, the UK fintech scene remains buoyant, and as a result, neobanks are rapidly expanding, hiring at pace and attracting some of the best talent within the tech and finance industries.
Working in neobanking
For employees, the appeal is obvious. There’s the chance to work at a fast-paced startup, making a real impact on the tech, and gain a lot more ownership over your own work.
Flat structures typical of early-stage companies can offer more access to influential people which can help to progress your career, and because early-stage companies tend not to have super-siloed roles, you’ll get the chance to do new and exciting things that stretch and expand your own skillset.
For professionals with experience in traditional banking, a sector switch can offer meaningful work, more money and the benefits tech workers have come to expect. Many digital-first banks have embraced remote working as well, which is highly valued post-pandemic as return to office mandates bite.
The Payments Cards & Mobile Job Board is a great place to begin a search for a new role within the UK neobanking sector. There are thousands of roles available all across the UK––discover three of the most exciting fintech jobs currently on offer below.
Senior Security Infrastructure Engineer, Metro Bank PLC, London
In this Senior Security Infrastructure Engineer role at Metro Bank, you’ll analyse and triage security events, ensuring the right actions are taken including the full spectrum of incident response where required. You’ll manage infrastructure security requests, problems and change tickets, and be responsible for the technical delivery, maintenance and scalability requirements of new and existing production security infrastructure, including IDS/NBA, NAC, WAF, content filtering, DLP and CASB systems. Additionally you’ll contribute to the development and maintenance of security policies, standards, processes, procedures and technical documentation including their implementation, maintenance and compliance. To be considered, you will need IT security infrastructure and engineering experience, which is fundamental to this role. Proven experience working with cloud environments (Azure and/or AWS) and a deep understanding of network protocols, networks and security systems (e.g. security proxies, SASE, WAF, email security gateways, SSO, CASB, DLP, IDS, IPS, NAC). Find out lots more here.
FinCrime Compliance Manager (Assurance) – UK, Revolut, United Kingdom
Revolut is looking for a FinCrime Compliance Assurance Manager to help improve all aspects of fincrime and risk management. Day-to-day️, you’ll be assisting with the design and implementation of the compliance testing and assurance program, including risk-based compliance assessment, control testing and assurance plan, and related testing scopes. Plus, you’ll complete assurance reviews and testing activities, leveraging skills in advanced data analytics, among other duties. To be considered, you’ll need three or more years’ of experience working within a fintech, traditional financial institution, or regulatory body, relevant experience in assurance or internal/external audit, focusing on risk and compliance domains, plus familiarity with assurance/audit reviews. See all the requirements now.
Credit Risk Analyst, Zilch, London
Formed when its founders realised changes to the way consumers shop and spend money wasn’t being reflected in the banking world, Zilch is a hyper-growth fintech company that allows customers to split payments over several weeks. The Credit Risk Analyst will work with the wider team to contribute to existing initiatives, develop new strategies and confidently make recommendations. You should be an analyst who is keen to contribute to existing initiatives, develop new strategies and confident to make recommendations, and have a strong understanding of how the lending/credit card/BNPL industry works. A champion of metrics and the measurement of impact, you can explain the “Why”, not just the “What”, and are a team player who enjoys a collaborative and fast paced agile environment. Apply online for this job.