Business Lead, SoFi
Global Money Movement
$140.8-242k
+ Eligible for a bonus & Long term incentives
Mobile & online personal finance services
Job no longer available
Mobile & online personal finance services
1001+ employees
Job no longer available
$140.8-242k
+ Eligible for a bonus & Long term incentives
1001+ employees
Company mission
To help people reach financial independence to realize their ambitions.
Role
Who you are
- 12+ years of global payments leadership (GM, product, or growth), ideally in a tech environment
- Mission-aligned with SoFi's vision for financial empowerment
- Excitement and flexibility to solve a variety of business needs across multiple verticals
- Inspiring leader who drives results through influence and collaboration
- Data-obsessed with strong analytical capabilities and a commitment to accuracy
- Action-oriented communicator with excellent organizational skills
What the job involves
- As Business Lead, Global Money Movement, you'll be the architect of this pivotal new venture. This is your chance to build and scale a critical offering from the ground up, directly impacting millions of lives
- Lead End-to-End Execution: Oversee the planning and execution of global remittance and potentially additional money movement initiatives, meticulously managing project status, cross-functional stakeholders, and performance against key KPIs, including P&L and specific financial targets
- Cross-functional Leadership: Collaborate closely with Product, Marketing, Data Science, Legal, Compliance, Risk Management, Fraud, AML, Finance, Operations, and other functional teams, from initial ideation and strategic direction setting to implementation and ongoing management
- Forge Key Alliances: Negotiate and execute strategic partnerships with third parties essential for achieving business and product objectives
- Experiment and Iterate: Design and run experiments to identify the most effective solutions and drive continuous improvement
- Solve Complex Challenges: Work cross-functionally to tackle ambiguous problems, finding innovative solutions even when inputs and outputs are uncertain
Our take
SoFi started by offering ways for students to secure better financial terms on their loans, and now offers a huge range of personal finance products, including bank accounts, loans, mortgages, investment advice, and investment opportunities. Many customers find they have to go to multiple financial service providers to meet all their finance needs, but SoFi overcomes this issue by putting it all in one place.
Its goal, to cover all the financial bases, sets it apart from many of the traditional banks and even some of their digital competitors, such as Avant, which has chosen to focus on providing credit alternatives. Although it is operating in a competitive market with a lot of big players such as Monzo, Revolut, and Starling, the company has managed to raise huge amounts of funding to support its rapid expansion.
SoFi has focussed on global expansion, moving outside the US, and has made a series of acquisitions to support this - including a Hong Kong-based investment app called 8 Securities. After going public on the New York Stock Exchange via a SPAC merger in June 2021, the company has continued to evolve and release more mission-oriented services into its roster, and strengthened its lending capabilities through a $350 million post-IPO loan. To date, the company has sold over $15 billion in personal loan collateral and continues to strengthen its offering.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
7% employee growth in 12 months
Company
Funding (last 2 of 9 rounds)
Jan 2021
$369.9m
LATE VC
May 2019
$500m
GROWTH EQUITY VC
Total funding: $2.7bn
Company benefits
- Comprehensive health, vision, dental, life insurance, and disability benefits
- Generous vacation and holidays
- Paid parental leave for eligible employees
- 401(k) and education on retirement planning
- Tuition reimbursement on approved programs, up to $5,250 per year
- Monthly contribution up to $200 to help you pay off your student loans
- Great health & well-being benefits including: telehealth parental support, subsidized gym program
- Flexible time off
- Fertility and family planning options
- Free financial classes
Company HQ
The East Cut, San Francisco, CA
Leadership
Anthony Noto
(CEO)Graduated from the U.S. Military Academy after being a telecommunications officer and captain in the U.S. Army. Has worked as Head of Gobal Telecommunications, Media and Technology at Goldman Sachs, been the COO of Twitter, and also the CFO of the National Football League.
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