Founding Recruiter, ModernFi
Offers Equity
Deposit management for financial institutions
Job no longer available
Deposit management for financial institutions
21-100 employees
Job no longer available
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
- 5+ years of experience in talent acquisition, preferably in fintech or B2B SaaS
- Proven track record of successfully building teams in high-growth environments
- Strong understanding of various recruitment channels and sourcing strategies
- Experience with applicant tracking systems and HR technologies
- Excellent communication and interpersonal skills
- Data-driven approach to decision-making and process improvement
- Bachelor's degree in Human Resources, Business, or a related field; MBA a plus
- Ability to handle ambiguity and thrive in a fast-paced startup environment
- High EQ, trustworthy, and calm under pressure
- Interest in financial systems, markets, technology, and banking
What the job involves
- As the Founding Recruiter at ModernFi, you will be the first individual focused on Talent Acquisition and Human Resources
- You will work directly with the leadership team to drive organizational growth and help build the foundation of the People function at the organization
- You will have significant impact from day one, working as an independent contributor and then as team leader to develop and implement comprehensive talent focused strategies that align with our business goals
- Your efforts will be crucial in building high-performing teams that help banks and credit unions better serve their communities, contributing to the financial health of millions of Americans
- Develop and execute talent acquisition and human resources strategies aligned with ModernFi's business objectives
- Establish and manage core HR functions, including onboarding, benefits administration, performance management, compliance, and employee engagement
- Lead full-cycle recruiting processes, from sourcing to onboarding
- Build and manage a diverse talent pipeline for current and future needs
- Implement innovative sourcing strategies to attract top-tier candidates
- Partner with hiring managers to understand staffing needs and create compelling job descriptions
- Foster a strong company culture that aligns with our values and mission
- Develop and maintain relationships with external partners, including recruitment agencies and job boards
- Implement and optimize applicant tracking systems and recruitment technologies
- Analyze recruitment metrics and provide data-driven insights to improve hiring processes
- Champion diversity, equity, and inclusion initiatives in all recruitment efforts
- Manage employer branding initiatives to enhance ModernFi's reputation as an employer of choice
- Conduct regular market research to stay informed about industry trends and competitor practices
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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