People Operations Manager, ModernFi
$80-110k
Offers Equity
Deposit management for financial institutions
Open for applications
Deposit management for financial institutions
1-20 employees
Open for applications
$80-110k
Offers Equity
1-20 employees
Company mission
To increase the stability and performance of US financial institutions and the communities they serve.
Role
Who you are
- Experience in people operations, human resources, or related roles, with exposure to startups
- People-first mindset, with a proven track record of challenging HR norms, fostering innovation, building trust, and driving change in progressive work environments
- Consistent track record of identifying, engaging and closing top talent
- High level of organization and professionalism and comfort with data-driven practices
- Ability to handle nebulous problems and shifting priorities with flexibility, patience, positivity, and open mindedness
- Excited by the prospect of life- and career-changing work in a startup environment
- High EQ, trustworthy, and calm under pressure
- Interest in financial systems, markets, and banking
What the job involves
- As an early People hire, you will work directly with the COO to drive organizational growth and development
- You will have impact and responsibility from day one, working directly with the founders to define people management processes, drive employee engagement, and lead recruiting initiatives
- Execute full-cycle recruiting strategies that attract top-tier, diverse talent to our organization
- Administer learning and development initiatives that empower team members across all levels to grow and excel in their roles, facilitate leadership development programs that nurture the growth of our managers, and support the facilitation of performance review cycles
- Lead and champion diversity, equity, and inclusion initiatives
- Maintain a strong on-the-ground presence in the NYC workplace, serving as the go-to person for people operations matters and primary point of contact for NYC office operations and for remote team members
- Identify areas of opportunity for HR processes and employee engagement efforts
- Lead critical People Operations processes
- Join our team working in NYC
Our take
Rising interest rates and the recent collapse of prominent banks have triggered a mass exodus of deposits from smaller institutions. This "deposit runoff" has left community and regional banks scrambling to retain funds, impacting their growth and stability.
ModernFi offers an end-to-end deposit management platform to address this very issue. Its "deposit network" connects smaller banks with high-value depositors, facilitating deposit sourcing, automated fund sweeping, and enhanced security for depositors. This network acts as a lifeline for smaller banks, helping them attract and retain crucial funding.
Recent investment will fuel the company's expansion in several areas, with the ultimate goal of becoming a one-stop shop for bank CFOs, offering a comprehensive suite of solutions for managing the entire deposit lifecycle. With strong market demand and a clear roadmap for expansion, ModernFi appears well-positioned to navigate the shifting landscape of banking and become a vital resource for community and regional banks in the years to come.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
Few candidates hear
back within 2 weeks
Company
Funding (last 2 of 3 rounds)
Jan 2024
$18.7m
SERIES A
Feb 2023
$4.5m
SEED
Total funding: $27.7m
Company benefits
- Unlimited PTO
- Premium health, dental, and vision insurance
- Company equity
Company values
- Talent-driven organization: The caliber and character of the ModernFi team set us apart. We value competence over experience and look for compassionate and driven people with diverse backgrounds. We appreciate technical ability, dedication, and humble confidence. Above all, we value respect – respect to our colleagues, our clients, our partners, and to ourselves
- Responsible innovation: At ModernFi, we have deep respect for the banking system and are focused on advancing it. Our team has decades of experience in the financial sector, and we’re driven by an ambition to rethink the way banks interact with one another and their communities
- Grounded in knowledge, powered by technology: Our technology is grounded in a deep knowledge of the banking sector. Only by thoroughly understanding the ins and outs of deposit management and banking in general can we improve and build on it
- Meticulous execution and management: We are diligent and transparent. We believe that trust and credibility are earned through reliable performance, and that technology is most advanced when it’s seamless and accessible
- For better banking: Healthy banks make for prosperous communities. The work we do at ModernFi enables banks to better serve their clients and improve the financial health of their neighborhoods
Company HQ
Civic Center, New York, NY
Articles
Leadership
Paolo Bertolotti
(CEO)Graduated from Massachusetts Institute of Technology with a PhD in Complex Systems and Statistics. They are currently a Lecturer in Statistics at Columbia University.
Adam DeVita
(COO)Graduated from Columbia University with a Bachelor's Degree in Economics and Mathematics. Previously a Product Manager at Citi.
Bennett Johnsen
(Chief Compliance Officer)Graduated from Princeton University with a Degree in Economics and Finance. Previously worked at Texas Exchange Bank as a Chief Credit Officer and Chief Financial Officer.
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