Staff Fullstack Software Engineer, ModernFi
+ Equity
Deposit management for financial institutions
Open for applications
Deposit management for financial institutions
1-20 employees
Open for applications
+ 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
- Incredible communication skills to complement your impressive technical ability
- Tangible experience independently designing, developing, and shipping code that’s meant to last
- Track record of leading engineering initiatives from start to finish for large-scale systems
- 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
- Experience with rapid prototyping and creating proof-of-concept demos
- Demonstrated ability to explain complex technical issues to both technical and non-technical audiences
- High EQ, trustworthy, and calm under pressure
- Interest in financial systems, markets, and banking
What the job involves
- You will work directly with a stellar team of early engineers to design, develop, and maintain large swaths of ModernFi’s early IP
- You will have impact and responsibility from day one, helping to shape the direction of the company, contributing to and developing engineering best practices, and laying the groundwork for the culture you’ve always wanted
- Architect maintainable, scalable, and correct backend services to power our products, and build robust integrations with our bank partners
- Build on AWS with Python or any applicable technology you think is the right tool for the job
- Maintain and further engineering best practices (software design patterns, CI/CD, documentation, testing, etc.)
- Develop, test and document business critical features and applications
- Work with all teams to understand feature requirements, determine technical requirements, and develop new features in ModernFi’s core products
- Work with other team members by reviewing and giving feedback on pull requests and design plans
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.
Salary benchmarks
We don't have enough data yet to provide salary benchmarks for this role.
Submit your salary to help other candidates with crowdsourced salary estimates.
Share this job
View 1 more job at ModernFi