Senior Manager of Corporate Development, DriveWealth
$200-225k
+ Equity and Bonus
More information about location
4 days a week in office
Cloud-based, API-driven brokerage infrastructure
Job no longer available
Cloud-based, API-driven brokerage infrastructure
201-500 employees
Job no longer available
$200-225k
+ Equity and Bonus
More information about location
4 days a week in office
201-500 employees
Company mission
To make investing accessible to anyone, anywhere.
Role
Who you are
- 4+ years of experience in investment banking or corporate development, preferably in Financial Services and/or Fintech or equivalent industries
- Bachelor’s Degree in related field
- A track record of ownership and disciplined execution in high-stakes environments
- The ability to prioritize ruthlessly, focussing on what’s critical versus important to drive work to completion
- A client-oriented mindset with an understanding of how your work impacts partners
- Strength in cross-functional partnership with the judgment to coordinate across multiple teams
- A bias toward transparency, accountability, and responsiveness in everything you do
- You’re committed to continuous improvement and implicitly believe that we > I
- Impeccable high integrity, sound judgment, and a deep respect for risk, control, and operational excellence
What the job involves
- The Senior Manager, Corporate Development will play a key role in identifying, evaluating and executing M&A transactions, investments and other inorganic opportunities that will accelerate DriveWealth’s mission and strategic growth priorities
- The position will facilitate and lead all phases of the acquisition process. Key functions will include identification, screening, evaluation, deal structuring and negotiation, due diligence, closing and integration of transactions
- This role will work closely with business unit leaders, external advisors, as well as senior management
- Strategic Research: Conduct deep-dive industry analysis and landscape studies to identify specific M&A and partnership targets that align with DriveWealth’s global growth strategy
- Target Pipeline Management: Maintain and prioritize a robust pipeline of potential acquisitions and investments; prepare regular updates for leadership on market movements and competitor activity
- Deal Quarterback: Lead the day-to-day execution of the M&A lifecycle, serving as the primary point of contact for project timelines, and data room management
- Diligence Coordination: Manage cross-functional workstreams across Tech, Legal, Brokerage Operations, and Finance to ensure a comprehensive and efficient evaluation
- Transaction Support: Support the negotiation of NDAs and definitive agreements, focusing on tracking key terms and ensuring alignment with the internal investment thesis
- Integration Support: Coordinate the transition from deal close to integration, tracking the execution of the integration plan to ensure synergies are realized
- Post-Close Performance: Develop and track Post-Closing Performance Dashboards to measure realized synergies against the original investment thesis, ensuring our inorganic moves drive measurable ROI
- Financial Modeling: Build and own sophisticated financial models, including three-statement projections, DCF, accretion/dilution, and synergy analyses
- Insight Synthesis: Distill complex financial and operational data into clear, concise briefing memos and slide decks for leadership and the Board
- "Build-Buy-Partner" Analysis: Perform rigorous financial trade-off analyses to help evaluate whether to build a capability in-house or acquire it
- M&A Toolkit Management: Maintain and improve DriveWealth’s internal M&A playbooks and diligence checklists, incorporating AI tools to speed up data analysis and reporting
Our take
Robo-advisory products and fractional share trading have expanded the investment industry's reach, attracting a broader audience than ever before. This shift has necessitated a redesign of the fintech industry's infrastructure to meet the growing demand for accessible, efficient investment options.
DriveWealth plays a pivotal role in this transformation by developing APIs that serve over 100 global fintechs, challenger banks, and digital wallets. Its infrastructure enables seamless robo-advisory services and fractional-share trading, giving retail investors access to US markets and offering innovative stock-reward programs. Among its partners are notable companies like Revolut, MoneyLion, and Hemista.
As the company continues to grow, it remains focused on scaling its business by enhancing its technology stack, pursuing strategic acquisitions, and expanding its team. It is well on its way to its ultimate goal of providing tools that empower companies to create investment products that are both accessible and convenient for everyone.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
-9% employee growth in 12 months
Company
Funding (last 2 of 5 rounds)
Aug 2021
$450m
SERIES D
Oct 2020
$56.7m
SERIES C
Total funding: $552.8m
Company benefits
- Health & wellness packages: We’ve built our benefits offering as a holistic package. We provide multiple health insurance carrier options and plans (medical, dental, vision) with access to HSA and/or FSA tax savings tools. We also provide income protection including life insurance, AD&D, short- and long-term disability, as well as extended coverage resources such as fertility benefits and mental wellness resources
- Vacation & time off: To build a successful organization, employees need time away to rest and recharge, so we provide paid time off including paid holidays and unlimited vacation time. We also strongly believe in work-life balance and, therefore, offer fully remote and hybrid work positions based on role requirements
- Professional developmnet: We believe one of the greatest contributions we can make is investing in our employees’ professional development. Therefore, we offer financial support toward continuing education courses, academic coursework, professional conferences, earning professional certifications, and membership fees to professional organizations
Company HQ
Financial District, New York, NY
Leadership
Naureen Hassan
(CEO)Previously President of the Americas at UBS, was on the Board of Governors at FINRA and Partnership For New York City and was the First Vice President of the Federal Reserve Bank of New York.
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