Security Engineering Lead, Step
Mobile banking for teens
Open for applications
Mobile banking for teens
201-500 employees
Open for applications
201-500 employees
Company mission
To create a bank that gives users the tools to become smarter with their money and reward them along their financial journey.
Role
Who you are
- 8+ years relevant work experience in the Information Security field
- Well versed in Cloud Infrastructure and Mobile Application Security
- Experience advising product teams on how to address a broad set of security and privacy challenges
- Experience shipping code in consumer-facing products, preferably across both backend and mobile domains
- Ability to prioritize and communicate impact for the security projects on the Step Engineering roadmap
- A desire to help build the product, not just poke holes in it
What the job involves
- Build the security engineering program going from zero to one
- Your team will assess risks to our customers across a wide range of product and technology areas, including mobile, backend infrastructure, key management, account recovery, third party integrations, authentication, and privacy
- Be the subject matter expert for the entire security stack here at Step, including application security, building thread models, overseeing penetration testing, and effectively balancing security risk with product development initiatives
- Identify key security considerations that we need to address as we're growing our products
- Own security-critical systems at Step. Includes but not limited to authentication, access control and encryption services
- Establish secure coding practices across the engineering team
- Work with engineering and XFN teams to help architect solutions that are inherently secure
Otta's take
Theo Margolius
COO of Otta
Thanks to an increasingly mobile-native and plugged-in younger demographic, fintechs have a new market to play for: children and young adults. It’s led to a fierce competition, but Step is one of the players leading the pack.
Step’s offering is a fee-free, interest-free visa card, with instant payments and easy account management that is optionally controlled by a parent (or sponsor). The idea is to offer a relatively low-risk sandbox in which teens can build up financial literacy along with a good credit score, whilst enjoying the benefits of digital banking.
The well-funded teen banking service Copper is hot on Step’s heels, however, with both racing to add high-demand stock and crypto investments to their offerings. Onu and Acorns also offer investment opportunities for younger users, and Greenlight has carved out a strong (albeit more traditional) niche focusing on account security.
Some savvy TikTok marketing by Step, along with flashy backing from celebrity investors, has helped it rapidly onboard over 3 million users and cultivate strong name brand recognition among its social network-native demographic. Much depends on how fast it can bring new features to market, but with unprecedented funding awarded to Step in 2022, Step is well equipped to do so through a scale-up of its product infrastructure.
Insights
Few candidates hear
back within 2 weeks
10% employee growth in 12 months
Company
Funding (last 2 of 4 rounds)
Apr 2021
$100m
SERIES C
Dec 2020
$50m
SERIES B
Total funding: $176.3m
Company benefits
- 100% paid Medical and Dental Benefits
- 401k Retirement Plan
- Catered Meals and Fully Stocked Kitchen
- Competitive Salary and Monthly Step Card Stipend
- Flexible WFH and Vacation Policy
- Stock Options
Company values
- Customer first - Build products that better our customer’s financial journey, always putting them and their security first
- Trustworthy - Honest, trustworthy and fair. Strong moral principles. Be accountable
- Driven - Move forward quickly with precision and purpose. Be disciplined. Iterate and improve
Company HQ
Downtown North, Palo Alto, CA
Articles
Founders
CJ MacDonald
(CEO)Originally worked in senior Sales and Business Development roles at Synapse, LiveOps, and Luminate, the latter of which was acquired by Yahoo. Subsequently co-founded Gyft, ultimately acquired by First Data.
Alexey Kalinichenko
(CTO)Previously a Software Engineer at Microsoft and Google, before moving into a Senior Engineer role at Square. Left to serve as CTO for Token.
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