Engineering Manager, Varo
Banking
$180-220k
Fee-free online banking platform
Job no longer available
Fee-free online banking platform
501-1000 employees
Job no longer available
$180-220k
501-1000 employees
Company mission
To improve the financial health of our customers through better technology and total transparency.
Role
Who you are
- 8+ years of industry experience in software development leading large and strategic high-impact areas in business
- 2+ years of experience directly managing a team of engineers
- Technical leadership and ownership in bringing multiple engineering functions to production
- Production experience with scalable, and distributed systems
- Strong sense of ownership, accountability, and autonomy
- Ability to work with a wide breadth of stakeholders/partners through product management, data science, design, security, etc
- Experience in hiring, coaching, and retaining strong engineering talent
What the job involves
- The Banking Engineering Team at Varo Bank is small but is rapidly growing
- The Banking engineering team is responsible for building and maintaining engineering solutions that power Varo’s core banking to achieve our goal of disrupting the banking industry and building products that help improve the financial well-being of our customers
- You will get to work with new technology stacks, be part of a great and diverse workplace, and improve the financial lives of others
- In our Engineering team, we value personal growth, initiative and ownership, innovation, collaboration, and the importance of thinking like an engineer while building customer-first products
- Define scope, design, build, and evolve business-critical and customer-facing banking products. Execution speed and timeliness are critical to achieve our business goals
- Help support your system in production and investigate and fix bugs throughout our entire stack. You are expected to push code to production
- Collaborate with other engineering teams and leaders in product management, data science, and design to execute effectively on business goals. Approach each project with a product and customer-first mindset to provide them with seamless experiences
- Define your team roadmap and vision following the company and department goals
- Mentor and coach your team to help them grow, and hire new exceptional talent when needed
- Shape the culture of your team to foster innovation, ownership, accountability, urgency, and a customer-first mindset
- Be at the service of your team and be a problem solver to help them move faster and achieve bigger goals
Our take
The traditional banking system leaves many US citizens underserved, with some minority groups struggling to access accounts. Varo is one of many companies offering no-fee, high-interest accounts, as it takes on the traditional banks - with additional features such as a rewards program and access to early paychecks.
With many young customers distrustful of traditional banks, Varo has capitalised on this sentiment and grown to serve more than 7 million customers. It has a number of competitors such as Chime and Step, and it's also in competition with established traditional brick-and-mortar banks. However, as the first consumer fintech to be granted a national bank charter in the US, the company is at the front of the fintech revolution with a path to future success.
In response to economic uncertainty, the bank was forced to take cost-reduction measures throughout 2022. The effect has been positive, with a drastic reduction in its burn rate, which had been a primary concern. One point of interest is a shift in marketing strategy that has seen Varo focus more on growing the number of customers using it as their main bank, as opposed to growing overall user numbers. The company also has a new tech unit named "Varo Tech".
Kirsty
Company Specialist
Insights
Few candidates hear
back within 2 weeks
-12% employee growth in 12 months
Company
Funding (last 2 of 7 rounds)
Feb 2023
$50m
LATE VC
Sep 2021
$515m
SERIES E
Total funding: $1.0bn
Company benefits
- Health, dental, vision insurance
- Free life coaching and counseling
- 401k
- Office snacks and drinks
- Flexible PTO
- Company and team outings
Company values
- Customer first: Understand problems our customers are trying to solve. Respond with a sense of urgency. Build relationships that result in loyalty. Be data and insights-driven. Test everything. Achieve results through strong execution. Build a product people love.
- Take ownership: Have a bias toward action and high standards. Be accountable for the results of your work and our product. Trust others to own it.
- Stay curious: Ask why. Dare to make things better. Learn something new each day (even from mistakes). Be open to growth. Develop creative solutions.
- Make it better: Think big. Set high goals. Work toward long-term value rather than short-term wins. Create change. Be resilient.
- Respect: Treat others how you want to be treated. Listen first before being heard. Speak the truth even when it’s not easy. Assume best intentions. Bring your full self to work.
Company HQ
Financial District, San Francisco, CA
Articles
Founders
Colin Walsh
(CEO)Former EVP at American Express. Has also worked in banking at Wells Fargo, Visa, Executive Networks, and Lloyds.
Salary benchmarks
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Diversity & Inclusion at Varo
- Varo takes a long-term, strategic approach to Diversity and Inclusion. We’re committed to building long term awareness and engagement with employees at all levels, our customers, and our communities. We grow and strengthen the Varo team by acquiring, developing, promoting, and retaining exceptional and diverse talent.
- Voluntary employee-led resource groups let us connect with each other, boost engagement, and keep important conversations going. Our groups include; "Women", that aims to increase women’s leadership roles, hiring and retention; "Adept", that sustains Varo’s efforts to support employees with physical, mental, and emotional disabilities; "Unity", that works to advance representation and opportunity for Black and African American employees; and "Pride", that helps us build a fully inclusive workplace offering education, support, and networking for LGBTQ employees.
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