Partner Development Manager, Stripe
Banking Partners, Acquiring
$187.8-281.8k
OTE
A financial infrastructure platform for businesses
Job no longer available
A financial infrastructure platform for businesses
1001+ employees
Job no longer available
$187.8-281.8k
OTE
1001+ employees
Company mission
To increase the GDP of the internet
Role
Who you are
- 10+ years of experience in strategic partnerships, business development, corporate development or related field
- 8+ years of experience related to payments, card networks, merchant acquiring, payouts, and/or financial services
- Thorough understanding of payments business models and associated best practices with regard to compliance and risk management
- Broad and deep experience executing industry-wide partnership strategies to build innovative product experiences and go to market models
- Experience negotiating commercial deals with bank partners, including scaling such deals across multiple partners
- Experience working in a product centric environments with significant internal and external dependencies
- Strong written and verbal communication skills with the ability to influence stakeholders internally and externally across a wide variety of functions, including at the C level
What the job involves
- The Bank Partnerships team sits within the Global Partnerships organization and is a key component of Stripe’s success
- Our team is responsible for developing and managing bank partnerships related to Stripe’s core business of payments acquiring, money movement, and payouts. These partnerships have a significant impact on Stripe and are essential for us to offer products used by millions of our users
- We are looking for a new member to join our team to develop and execute high-impact initiatives with both new and existing pay-in and payout bank partners
- As part of the role, you will work closely with Product to support our merchant acquiring and money movement businesses
- This includes developing partner requirements, leading relationships with partners to execute on these requirements, and negotiating, signing, and managing relationships with global partners to support our growing business
- The role will also require close coordination internally with cross-functional teams including Product as aforementioned plus Engineering, Legal, Finance, Compliance, Financial Crimes, and Risk and externally with partners’ senior executives
- Manage Stripe’s critical bank partnerships, with a focus on driving the execution of joint initiatives and launching new offerings to benefit Stripe users
- Ensure best-in-class, methodical partner and deal management rooted in milestone definition, thoughtful negotiation approach, and alignment on opportunities of mutual interest
- Leverage industry knowledge to craft thoughtful partnership and product strategies, and execute deals and initiatives that support Stripe’s strategy
- Gather inputs from and coordinate with internal cross-functional stakeholders (including risk, compliance, product, engineering, treasury) to drive creation and execution of partner (and related product) strategy
- Identify partner stakeholders who will champion Stripe, educate them about Stripe’s value proposition, and build alignment between Stripe and our partner’s executive teams
- Manage strategic planning and negotiation/expansion with our key partner(s)
- Manage multiple stakeholders with varying priorities and drive creative solutions and commitment to a shared goal
- Exhibit a strategic and operationally focused mindset, with an ability to lead teams through complex relationship management activities by setting a clear vision and running tight processes
Our take
Stripe, nowadays a FinTech giant, spent the first few years since its founding building up its payments business, which primarily consisted of providing an API to eCommerce businesses so that they could easily integrate a payments option in their apps or websites, where before there was none.
More recently, Stripe has started to accelerate its growth with a significantly larger range of financial services including cash advances and credit cards. They also plan to build incorporation services, fraud protection, and more, diversifying its revenue away from payments and differentiating itself from its competitors.
To further expand its position, the company is looking to triple its presence in Ireland, and extend its services to countries with vast customer potential, including Brazil and India. Its latest venture, coming atop significant new funds, is to partner with OpenAI, the company behind ChatGPT - a win-win collaboration that will monetize OpenAI’s flagship products and at the same time enhance Stripe with GPT-4, as it moves forwards with intentions to "build the payments foundation for tomorrow's AI economy."
Freddie
Company Specialist at Welcome to the Jungle
Insights
-5% employee growth in 12 months
Company
Funding (last 2 of 13 rounds)
Mar 2023
$6.5bn
GROWTH EQUITY VC
Mar 2021
$600m
SERIES H
Total funding: $8.7bn
Company benefits
- Unlimited paid time off policy
- Work from home opportunities
- Comprehensive mental, physical and medical health plans
- Fertility benefits and parental leave
Company HQ
SoMa, San Francisco, CA
Leadership
Patrick Collison
(Content Strategist)Studied maths at MIT before founding Stripe. Also on the board of the Long Now Foundation.
John Collison
(President)Studied at Harvard but dropped out to found Stripe.
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