[Remote] SVP, Empower Advisory Group at Empower

San Antonio, Texas, United States

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Not SpecifiedCompensation

N/AExperience Level

N/AJob Type

Not SpecifiedVisa

N/AIndustries

Requirements

Experience leading and managing financial advisory services, specifically managed account solutions
Strong understanding of investment advisory regulations and operational components
Proven ability to develop and execute business strategy and plans
Experience with vendor management and strategic partnerships
Excellent communication, presentation, and influencing skills
Analytical skills to leverage data and analytics for strategic decision-making
Experience with product management processes
Ability to work with and lead cross-functional teams

Responsibilities

Own the overall vision, strategy, and P&L of managed account solutions
Lead and optimize a high-performing team to service existing products and build future advice solutions
Expand distribution channels and advisor partner relationships to achieve growth goals
Define the value proposition of the EAG offer and demonstrate the importance of advice
Oversee operational and regulatory components of managed account service delivery
Influence and align with senior leaders on the strategic direction of EAG
Prepare and deliver business reviews to senior management and the Board of Directors
Manage key vendor relationships with fiduciary entities
Engage as a senior leader in strategic partner meetings, conferences, and client pitches
Conduct research and competitive analyses to support strategic planning
Oversee product management processes and digital experience
Oversee the technical team responsible for product creation

Skills

Empower

Personal finance management and credit building

About Empower

Empower.me provides personal finance management and credit building services through a subscription model. Users can sign up for a 14-day free trial, after which they pay $8 per month for access to various financial tools. These tools include customizable payment plans, budgeting features, and credit score monitoring. A key aspect of Empower.me is its focus on helping users build credit by reporting their payments to credit bureaus, which can enhance their credit history if payments are made on time. Additionally, Empower.me offers a Thrive line of credit, which involves a soft inquiry on the user's credit report, ensuring that their credit score remains unaffected during the application process. Unlike many competitors, Empower.me specifically targets individuals with no minimum credit score, aiming to improve their financial health and savings.

San Francisco, CaliforniaHeadquarters

2016Year Founded

$96.8MTotal Funding

LATE_VCCompany Stage

Fintech, Financial ServicesIndustries

51-200Employees

Benefits

Generous equity package

Full healthcare benefits

Unlimited PTO

Technology expense reimbursement

Work from anywhere

Risks

Increased competition from fintech companies like Chime and Varo could impact market share.

Integration challenges from acquisitions may disrupt operations and delay strategic goals.

Regulatory scrutiny on credit services could increase compliance requirements and costs.

Differentiation

Empower offers a unique subscription-based model for financial management tools.

The company focuses on credit building by reporting payments to credit bureaus.

Empower's Thrive line of credit involves a soft inquiry, not affecting credit scores.

Upsides

Acquisition of Petal and Cashalo expands Empower's product offerings and customer base.

Increased demand for financial literacy tools among millennials and Gen Z benefits Empower.

Growing interest in alternative credit scoring aligns with Empower's mission for underserved consumers.

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