Head of Consumer Banking at Credit Karma

Oakland, California, United States

Credit Karma Logo
Not SpecifiedCompensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
YesVisa
Financial Technology, Consumer BankingIndustries

Requirements

Candidates must possess at least 10 years of leadership and operational experience in banking or neo-banking. An entrepreneurial spirit, test and learn mindset, and a track record of managing fast growth with high-performing cross-functional teams are essential. An MBA and prior strategy consulting experience are preferred. Experience managing banking operations, money movement and payment capabilities, risk/fraud operations, marketing for aggressive growth, and running relationship rewards programs are highly desirable. The ability to thrive in a matrixed, multi-vertical company, a strategic and creative mindset, experience with analytical/data-driven customer segmentation and marketing, experience with partners and structuring new agreements, and a history of leading product-engineering teams are also sought.

Responsibilities

The Head of Banking will be responsible for creating strategies and driving initiatives to grow the banking business, building a full-scale financial platform. This includes connecting the company mission to product strategy and vision, creating long- and short-term plans, and driving passion within the team. The role involves guiding banking operations experience with Compliance and Legal, overseeing Risk and Fraud while maintaining member experience, and managing execution based on various factors. Responsibilities also include managing P&L, securing resources, building partnerships across the organization, and leading and developing a cross-functional organization aligned with business goals.

Skills

Financial Planning
Strategic Planning
Business Development
Product Strategy
Leadership
Partnership Management
Cross-functional Collaboration
Emotional Intelligence

Credit Karma

Provides free credit scores and financial tools

About Credit Karma

Credit Karma provides financial tools and resources to help individuals improve their financial health. The platform offers free access to credit scores, credit monitoring, and personalized recommendations for credit cards and loans, including options for cars, homes, and personal financing. Users can track their credit progress and receive alerts about changes to their credit reports. Unlike many competitors, Credit Karma operates on a freemium model, allowing users to access a wide range of services at no cost while earning revenue through partnerships with financial institutions. The company's goal is to empower its members to achieve their financial goals by providing helpful resources and fostering a sense of ownership and progress in their financial journeys.

Oakland, CaliforniaHeadquarters
2007Year Founded
$358MTotal Funding
ACQUISITIONCompany Stage
Fintech, Cybersecurity, Financial ServicesIndustries
1,001-5,000Employees

Benefits

Health Insurance
Dental Insurance
401(k) Retirement Plan
Commuter Benefits
Wellness Program
Paid Vacation
Paid Sick Leave
Education Perks

Risks

Increased competition from Walmart-backed FinTech One could challenge Credit Karma's market share.
Integration challenges from Zendrive acquisition may distract from Credit Karma's core objectives.
Intuit's AI advancements could overshadow Credit Karma's financial tools and services.

Differentiation

Credit Karma pioneered free credit scores, setting it apart in personal finance.
The company offers a comprehensive suite of free financial tools and recommendations.
Credit Karma's freemium model generates revenue through partnerships with financial institutions.

Upsides

Credit Karma's acquisition of Zendrive enhances its mobility risk intelligence offerings.
AI-driven financial assistants could inspire Credit Karma to develop personalized financial tools.
Growing digital solutions adoption by SMBs presents expansion opportunities for Credit Karma.

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