People Operations Manager, ModernFi
$80-110k
Offers Equity
Deposit management for financial institutions
Job no longer available
Deposit management for financial institutions
21-100 employees
Job no longer available
$80-110k
Offers Equity
21-100 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.
2024 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, especially off the back of the Silicon Valley Bank collapse, 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
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 HQ
Civic Center, New York, NY
Leadership
Paolo Bertolotti
(Co-Founder & 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
(Co-Founder & COO)Graduated from Columbia University with a Bachelor's Degree in Economics and Mathematics. Previously a Product Manager at Citi.
Bennett Johnsen
(Co-Founder & 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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