Business Lead, Deposits

Posted 2 Days Ago
Easy Apply
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4 Locations
Hybrid
Senior level
Fintech • Mobile • Software • Financial Services
SoFi’s mission is to help people reach financial independence to realize their ambitions.
The Role
This role involves developing and executing a growth strategy for deposits, managing the deposit lifecycle, utilizing data for decision-making, and ensuring compliance while communicating insights to senior leadership.
Summary Generated by Built In

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Who we are:

Shape a brighter financial future with us.

Together with our members, we’re changing the way people think about and interact with personal finance.

We’re a next-generation financial services company and national bank using innovative, mobile-first technology to help our millions of members reach their goals. The industry is going through an unprecedented transformation, and we’re at the forefront. We’re proud to come to work every day knowing that what we do has a direct impact on people’s lives, with our core values guiding us every step of the way. Join us to invest in yourself, your career, and the financial world.

The role

Join one of the fastest growing businesses within the SoFi ecosystem! The Segment Lead for deposits will have end-to-end responsibility for growing member deposits, including strategy, execution, competitive insights, and pricing. This individual will interface with a cross-functional team of Marketing, Product, Engineering, Design, Operations, and Compliance counterparts and have regular exposure to senior leaders of SoFi. The ideal candidate will be a strategic thinker who is analytically proficient, a strong communicator, and an executor with a proven track record of driving change. .

What you’ll do:

  • Develop and execute the deposits growth strategy to drive customer acquisition, engagement, and retention
  • Own the end-to-end deposit lifecycle, including pricing (APY), promotions, and distribution channels
  • Leverage data and analytics to drive decision-making, including customer segmentation, behavioral insights, and competitive intelligence
  • Oversee deposit forecasting and balance sheet management in collaboration with Finance and Treasury to optimize liquidity and funding costs
  • Partner with Engineering, Product, and Design teams to enhance the value proposition
  • Work closely with Marketing to develop and execute targeted campaigns to attract and retain customers
  • Ensure regulatory compliance and risk management by working with Compliance, Risk, and Legal teams to uphold best practices
  • Communicate insights and recommendations to stakeholders in a clear and concise manner, including presenting to senior leadership
  • Be seen as a subject matter expert and provide through leadership on the long-term strategy of the business 

What you’ll need:

  • Overall 10+ years of consumer banking and/or payment business experience 
  • Bachelor's or Master's degree in an analytical field (e.g., Economics, Finance, Mathematics, Engineering etc.)
  • Comfortable working hands-on with large analytical datasets to direct analysis and extract business insights. Excellent analytical and problem-solving skills combined with strong business judgment to turn data into actionable insights
  • Ability to drive timely desired outcomes working collaboratively with various functional stakeholders
  • Ability to work across multiple lines of business and effectively prioritize tasks. Ability to deal with ambiguity and competing objectives in a fast-paced environment.
  • Excellent verbal and written communication skills, with the ability to effectively communicate with all levels of the organization
  • In-depth understanding of the financials (P&L) dynamics of the deposit businesses

Nice to have:

  • Experience in deposit forecasting or pricing function of a deposit business
  • Proficient in SQL, Excel, and PPT; knowledge of Python and/or R a strong plus

Compensation and Benefits

The base pay range for this role is listed below. Final base pay offer will be determined based on individual factors such as the candidate’s experience, skills, and location. 

 

To view all of our comprehensive and competitive benefits, visit our Benefits at SoFi page!

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.The Company hires the best qualified candidate for the job, without regard to protected characteristics.Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records.New York applicants: Notice of Employee RightsSoFi is committed to embracing diversity. As part of this commitment, SoFi offers reasonable accommodations to candidates with physical or mental disabilities. If you need accommodations to participate in the job application or interview process, please let your recruiter know or email [email protected].Due to insurance coverage issues, we are unable to accommodate remote work from Hawaii or Alaska at this time.

Internal Employees

If you are a current employee, do not apply here - please navigate to our Internal Job Board in Greenhouse to apply to our open roles.

Top Skills

Excel
Ppt
Python
R
SQL

What the Team is Saying

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The Company
HQ: San Francisco, CA
4,500 Employees
Hybrid Workplace
Year Founded: 2011

What We Do

For over a decade, SoFi has helped transform the Fintech industry by creating financial products and services that help people borrow, save, spend, invest, and protect their money better, so they can achieve financial independence and realize their ambitions. Whether it’s owning a home, saving for retirement, paying off their student loans, or helping our members invest - SoFi is there every step of the way. Want to learn more about how it works? Check it out here: https://www.sofi.com/how-it-works/

Our core values are at the center of how we help our millions of members get their money right. They are our guiding principles for how we think about serving our members, building our company, and most importantly, how we work together. At SoFi, it’s not just what we do - but how we do it.

SoFi is also proud to be the naming rights partner of SoFi Stadium, home of the Los Angeles Chargers and the Los Angeles Rams.

For more information, visit SoFi.com

Why Work With Us

Together with our members, we’re changing the way people think about and interact with personal finance. We’re a next-generation Fintech company using innovative, mobile-first technology to help our members reach their goals. The industry is going through an unprecedented transformation, and we’re at the forefront.

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Employees engage in a combination of remote and on-site work.

For the majority of our workforce who work on a hybrid schedule, the in-office requirement is a handful of days per month!

Typical time on-site: Flexible
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