Treasurer

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ABOUT VARO
Varo is an entirely new kind of bank. All digital, mission driven, FDIC insured, and designed for the way our customers live their lives.

We're on a mission to bring financial inclusion and opportunity to all hard-working Americans. Through our mobile app, we offer premium bank accounts that have no minimum balance requirement or monthly account fees, high-interest savings accounts, short term lending and solutions to help customers stretch their paycheck, build credit and start saving. Our tech-first products are designed to make money work for everyone and help customers and communities build greater financial resiliency.

Varo is distinct from other fintechs: we've made history as the first and only consumer fintech to be granted a full national bank charter by the Office of the Comptroller of the Currency (OCC).

Varo Bank represents the evolution of a new generation of banks that are born from innovation and built on technology to empower consumers and businesses.

Our team combines the best of both consumer tech and banking, and we’re wildly passionate about helping our customers. Our teams are based in San Francisco and Salt Lake City. Privately held, we’ve raised over $482M to date, from leading institutional investors and strategic partners including Warburg Pincus, The Rise Fund, Gallatin Point Capital, Harbourvest Partners, Progressive Insurance, and Russell Westbrook Enterprises.

Varo is entrepreneurial, collaborative, enthusiastic, customer-oriented, fast-paced, and multicultural.  This is an open and relatively flat organization that puts an emphasis on collaboration, sharing ideas and information. For a relatively early stage company, Varo is grounded in a strong set of values and takes pride in the diversity of its employees and board. 

Varo. A bank for all of us.

ABOUT THE FINANCE TEAM
Varo’s Finance team is still small but is huge in terms of vision and impact. We’re responsible for supporting all the Finance needs of our Bank, from leading the strategic planning to managing the market exposure, delivering management and regulatory reporting, supporting capital raising efforts and preparing Varo for the next phases of its hyper growth . We’re thrilled by the idea of building a bank that feels more like a beautiful, frictionless consumer product than a traditional financial institution. We’re creative to our core and obsessed with our customers. We believe in multidisciplinary teams, obsessing over users' behaviors, prototyping early and often, running experiments to test hypotheses, and resorting to scrappy pragmatism when deadlines demand it. We thrive on feedback and push to always up our game—but try to never take ourselves too seriously.

ABOUT THE TREASURER ROLE
We’re looking for a very dynamic Treasurer to help manage not only the fastest growing bank in the US, but also a new kind of bank with a very different business model than the rest of the industry.We are looking for someone who is ready to take on one of the oldest known industries and be the catalyst to help Varo emerge as a vision for the future of banking. The Treasurer will report directly to the Chief Financial Officer. Reporting to the Treasurer is a small team of strong ALM professionals.

What you'll be doing

  • Define and execute the overall ALM strategy for a super fast-growing bank with a completely different business model
  • Monitor and manage the capital position, interest rate risk, liquidity risk and market risk of the Bank
  • Prepare and lead the Asset and Liability Management Committee of the Bank
  • Prepare and communicate recommendations on the evolution of the capital structure, the structure of the balance sheet and hedging strategies, in close coordination with the CFO and the rest of the management team
  • Develop models and stress tests to assess the capacity of the Bank to continue to grow in different economic environments.
  • In close cooperation with the lending team, assess and execute on asset purchase and sale opportunities
  • Lead, coach, mentor, and inspire the team. Attract new talent to Varo. Develop a culture of positivity and above-and-beyond performance of the team
  • Experienced building a challenger brand framework and serving as a passionate brand advocate; Network and represent Varo at community and industry events
  • Keep up on industry news and regulation changes. Be curious and continue to find ways to learn and improve skill sets

    • Required skills, experiences, and traits

  • Minimum of 10 years operations experience in financial institutions with a strong background in Asset and Liability Management and experience in capital markets
  • Bachelor’s degree in finance/economics or related degree, MBA preferred
  • Excellent interpersonal, leadership, and supervisory skills. Five years experience managing others
  • Ability to successfully operate in an early-stage company, delivering at a rapid pace with limited resources 
  • Focused on leveraging technology and process improvements to drive operational efficiency 
  • Ability to see around corners i.e., anticipate potential risks and opportunities and be able to respond effectively to those situations
  • Ability to effectively partner with a seasoned, mission-driven c-suite executive team 
  • Ability to attract, develop and retain world-class talent 
  • Effectively influencing and collaborating with others both inside and outside the organization through strong leadership and team skills
  • Effectively communicate with and influence Varo board, large private equity, and other investors
  • Will credibly represent Varo with the regulators, OCC, FDIC, and the Federal Reserve

    • CULTURAL ALIGNMENT
    Varo is entrepreneurial, collaborative, enthusiastic, customer-oriented, fast-paced, and multicultural.  This is an open and relatively flat organization that puts an emphasis on collaboration, sharing ideas and information. For a relatively early stage company, Varo is grounded in a strong set of values and takes pride in the diversity of its employees. 

    OUR CORE VALUES
    Customers First: Understand the 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.  Assess new initiatives with the customers’ interest in mind. Act with empathy. 

    Take Ownership: Bias towards action. Have high standards. Be accountable for the results of your work, our product, our company. Trust others to own it.

    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.

    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 towards long term value rather than short term wins. Create change. Be resilient.


    Varo is an equal opportunity employer. Varo embraces diversity and we are committed to building teams that represent a variety of backgrounds, perspectives, and skills. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status.

    Learn more about Varo by following us:

    Beware of fraudulent job postings!
    Varo will never ask for payment to process documents, refer you to a third party to process applications or visas, or ask you to pay costs. Never send money to anyone suggesting they can provide work with Varo.  If you suspect you have received a phony offer, please e-mail [email protected] with the pertinent information and contact information.

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