Staff Backend Engineer, Betterment
$210-235k
+ Equity
More information about location
4 days a week in office
Banking and investment app
Be an early applicant
Banking and investment app
501-1000 employees
Be an early applicant
$210-235k
+ Equity
More information about location
4 days a week in office
501-1000 employees
Company mission
To make people’s lives better.
Role
Who you are
- 10+ years professional experience in at least one object-oriented language, strong plus for Java experience
- 7+ years professional experience with SQL and relational databases, including designing schemas and writing detailed SQL queries
- A strong command of fundamental algorithms and data structures
- Experience scaling and optimizing in large-scale distributed systems
- Experience designing, building, scaling, and maintaining core backend software components
- Proven ability to lead and manage projects that span one or more teams, considering tradeoffs to ensuring on-time delivery while maintaining high standards of quality, performance and security
- An understanding of how to make the tradeoffs required to ship without compromising quality
- Knowing that investments in developing solid tests pays for itself several times over
- Appreciation for agility and pragmatism in software development
What the job involves
- Broker Dealer is the core of the Betterment platform
- On a busy day, we securely move millions of dollars through the Betterment system and ensure each transaction flows through a complex series of risk checks for strict regulatory compliance
- Every ounce of efficiency and intelligence we pour into this system translates into more value for our customers
- We’re looking for engineers to help us answer some of our most difficult backend scaling, software design, and optimization questions
- As a Staff Engineer in our Broker Dealer organization, you'll help define our technical vision, improve system stability, drive on-time delivery, mentor our team of amazing engineers, and help scale our systems in the next chapter of our growth
- Drive the technical vision and long-term strategy of the team
- Build innovative trading and money-movement technology that empowers people to make the most of their money, so they can live better
- Solve “impossible” problems. Take your ideas to the next level right away. We experiment, iterate, learn, and repeat
- Collaborate with purpose. Spread knowledge across the organization, leveling up engineering practices and mentoring other engineers
- Gain trust through transparency. We believe in taking the guesswork out of investing. That means a consistent experience for our customers — you’ll build the tools to make it possible
- Create efficiency. Our software helps customers save time and money. We maintain it through clean code, pragmatic programming, and lean engineering
- Work with people who care. Half of our team is made up of engineers but we believe everyone at Betterment is an engineer with their own tools. We’re a group of talented professionals who pride ourselves on what we do. We’re smart, innovative, energetic, and lots of fun
Application process
- We’ll take a few weeks to review all applications. If we’d like to spend more time with you, we’ll reach out to arrange next steps, which will include 3-4 sets of meetings with your future colleagues
- In the interview process, we’ll look to learn more about your skills, experiences, capabilities, and motivators. Many of our questions will be aimed at understanding how you might operate here at Betterment. Depending on the role, we may ask you to complete a case study exercise or technical assessments, as we want to collect a robust set of data points to better inform our decisions
- On average, it takes us around 3-5 weeks to make a hiring decision, depending on your availability and sense of urgency. As a best practice, we aim to interview at least 2-3 final round candidates before making a hiring decision. Please note that, as we usually receive an overwhelming number of applications for open positions, we’re unable to offer individual feedback during the interview process
- We recognize that interviewing for a new role is a big deal. We appreciate you considering Betterment as the next step in your career, and our Recruiting Team is here to support and advocate for you through the interview process!
Our take
Betterment is an app-based investment platform that provides personal finance data and guidance to retail users through a range of real-world data and AI analytics to deliver investment advice to customers.
The company has become the largest independent digital investment advisor in the U.S. Having expanded its 401k business, Betterment has entered the world of Crypto, partnering with Gemini to offer customized crypto portfolios and its "Crypto Investing by Betterment" platform.
Betterment has a wealth of competition in this increasingly crowded space. Other robo advisors offering similar services include Moneyfarm, Wealth Simple, M1 Finance and Personal Capital. Going forward, Betterment hopes to further distance itself from rivals as it further innovates its platform.
Freddie
Company Specialist at Welcome to the Jungle
Insights
-6% employee growth in 12 months
Company
Funding (last 2 of 7 rounds)
Sep 2021
$60m
SERIES F
Jul 2017
$70m
SERIES E
Total funding: $335m
Company benefits
- Health and wellness: Get comprehensive medical, dental, and vision, plus a free subscription to One Medical.©
- Generous time off: We encourage you to take time off (seriously) and get the rest you need to do your best work.
- Paid parental leave: We welcome new additions to your family with 12-18 weeks of parental leave.
- Matching benefits: We offer a 401(k) match and a match on qualified student loan payments
- Equity: Gain stake in Betterment’s success with company equity grants.
- Free food: Snacks, beverages, and catered lunches at our NYC HQ
- Long-term health resources: We provide LGBTQIA+ transition and fertility support.
- Find your community: Make connections through seven employee affinity groups and a social calendar of hybrid events.
Company HQ
Flatiron District, New York, NY
Leadership
Jonathan Stein
(Board Member)After studying Economics at Harvard, Jonathan worked as a Consultant at First Manhattan Consulting Group for over 4 years. He founded Betterment in 2007, serving as CEO until 2020 when he stepped down to Chairman of the Board.
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