Business Lead, Invest Trading

Wealth
New York City, New York

Description

Who we are

SoFi is a digital personal finance company whose mission is to help its members achieve financial independence to realize their ambitions, whether that’s to buy a house one day, start a family on their own terms or be debt free. We aim to be at the center of our members’ financial lives, and to help every member Get Their Money Right®. By joining SoFi, you’ll become part of a forward-thinking company that is transforming financial services by embracing technology to build innovative loan products, investment tools, and more. One of the fastest growing fintech companies, we’ve grown from 250 employees in 2015 to over 1,500 employees today, and have more than 1 million members. With offices across the US, we offer the excitement of a rapidly growing startup with the stability of a seasoned management team and some of the best talent around. As an employer, we strive to hire employees who are committed to both our company’s mission and our desire to build the best culture in the world. If you are driven, passionate about what you do, and excited about the SoFi mission, we would love to hear from you.

SoFi Invest is the best platform for new and beginner investors to get started. Since its relaunch in early 2019, we have built a best-in-class mobile first investment platform that includes the ability to invest in stocks, ETFs (including SoFi’s innovative ETF suite), cryptocurrencies, and SoFi’s Automated portfolios. The SoFi Invest Business Unit also includes responsibility for SoFi Relay, SoFi’s personal financial management platform, and SoFi Protect, SoFi’s insurance business.

The role

At SoFi, Business Unit Leaders (BULs) and Business Leads (BLs) are the business leaders accountable for the ultimate performance of the business, our version of GMs. 

As a Business Lead for SoFi Invest, you will be responsible for managing the execution, performance and strategy of key initiatives and/or specific product lines within the Invest business unit.

This role will be focused on creating, building, and running SoFi Invest’s trading and market making function in order to deliver 1) the best possible trading experience to our members and 2) the most financially sustainable trading approach for SoFi. 

What you’ll do:

  • Establish SoFi Invest’s internal market making / trading / internalization function

  • Recruit, evaluate, and hire team of quantitative traders; support other crucial functions (engineering, product management) in hiring trading-related personnel

  • Drive development roadmap for trading functionality: both Member-facing and backend execution services

  • Help drive the development of quantitative trading models

  • Work closely with other crucial functions (compliance, risk, treasury) to ensure we are able to bring new trading functionality to market

  • Develop and manage the budget associated with building marketing making / internalization function

  • Source and manage all required vendors and partnerships required to build and run the new functions

  • Manage the monthly, quarterly, and annual financial and non-financial reporting and deliverables for the trading function, engaging with key stakeholders across all functions. Communicate key insights from reporting to the Invest team, SoFi Executive team and SoFi Board of Directors.

  • Ensure appropriate and accurate flow of information across all constituents

What you’ll need:

  • Full stack “operator”: ability to both create and execute the business strategy; with clear objectives, but limited, ambiguous, or varied direction

  • Background and experience in trading functions, preferably with exposure to fair value pricing models, portfolio risk management modeling, ETF arbitrage, and/or international securities

  • Ability to operate cross-functionally, leading and influencing colleagues over whom you have no direct authority, ultimately leading to timely tactical decision making to advance our objectives

  • Flexible and collaborative approach to problem solving and ideation

  • Excellent written and oral communicator

  • Deep curiosity for how complex (financial) systems work, and an ability to internalize and analyze this information quickly

  • A blend of demonstrated business, product management, financial management and execution skills

  • Expertise in the generalist business “toolkit” (i.e., spreadsheets / modeling, presentation creation, narrative writing, oral presentation)

Nice to have:

  • Experience in consulting, investment banking, or in a similarly demanding role

  • Data, analytics, and modeling technical capabilities (Python, SQL, etc)

Why you’ll love working here

  • Competitive salary packages and bonuses

  • Comprehensive medical, dental, vision and life insurance benefits

  • Generous vacation and holidays

  • Paid parental leave for eligible employees

  • 401(k) and education on retirement planning

  • Tuition reimbursement on approved programs

  • 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

  • Employer paid lunch program (except for remote employees)

  • Fully stocked kitchen (snacks and drinks)

Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records.

​SoFi provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion (including religious dress and grooming practices), sex (including pregnancy, childbirth and related medical conditions, breastfeeding, and conditions related to breastfeeding), gender, gender identity, gender expression, national origin, ancestry, age (40 or over), physical or medical disability, medical condition, marital status, registered domestic partner status, sexual orientation, genetic information, military and/or veteran status, or any other basis prohibited by applicable state or federal law.

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