Full-Time

Competitive Intelligence

Manager

Updated on 11/20/2024

Chime

Chime

1,001-5,000 employees

Online banking platform offering fee-free services

Fintech
Financial Services

Compensation Overview

$122.5k - $153kAnnually

+ Bonus + Equity Package

Mid

New York, NY, USA

Hybrid work policy with in-office days and team/company-wide events.

Category
Business Research
Strategy Development
Business & Strategy
Required Skills
Market Research
Sales
Marketing
Requirements
  • 3-7 years of experience in strategy, CI, market research and/or product marketing roles
  • Experience in fast-paced start-ups, technology, and/or consulting companies
  • A strong interest in innovative product categories
  • Strong critical thinking & analytical skills
  • Strong communication skills, especially written communication skills
Responsibilities
  • Become and act as an internal subject matter expert on Chime Enterprise’s competitive landscape, researching each of our competitors’ business models, product offerings, pricing strategies, and go-to-market approaches
  • Work closely with cross-functional sales, marketing, and product teams to ensure that competitive insights are integrated into decision-making processes
  • Create comparative frameworks & enablement modules communicating the value proposition of Chime Enterprise’s offerings relative to its competitors
  • Gather insights & intel from public sources like news reports, public filings and industry publications, as well as private sources like expert interviews and intelligence shared with our sales representatives by customers
  • Monitor new industry & competitor developments, including product launches, partnerships, acquisitions, and leadership changes
  • Develop actionable recommendations for business leaders to inform strategy, product development, and market positioning
  • Create sales battlecards, intelligence repositories, and cross-functional reports

Chime offers online banking services without physical branches, focusing on a fee-free experience. It allows customers to overdraft up to $200 on debit card purchases without fees through its SpotMe service and provides direct deposit for paychecks up to two days earlier than traditional banks. Chime does not charge monthly fees or minimum balance fees and offers a secured credit card to help improve FICO Scores. The company's goal is to empower customers to manage their finances effectively through accessible and user-friendly banking solutions.

Company Stage

N/A

Total Funding

$2B

Headquarters

San Francisco, California

Founded

2012

Growth & Insights
Headcount

6 month growth

7%

1 year growth

13%

2 year growth

15%
Simplify Jobs

Simplify's Take

What believers are saying

  • Chime's acquisition of Salt Labs and the launch of Chime Enterprise indicate a strategic expansion into the enterprise market, potentially increasing user growth through employer partnerships.
  • The introduction of MyPay, allowing early wage access, showcases Chime's commitment to innovative solutions that address the financial needs of everyday people.
  • Chime's focus on financial literacy and unique initiatives like Coloring Budgets and partnerships with cultural icons like T-Pain enhance its brand appeal and customer engagement.

What critics are saying

  • Regulatory changes affecting interchange fees and overdraft policies could impact Chime's revenue model, which heavily relies on these fees.
  • The settlement with the CFPB over delayed balance refunds highlights potential compliance and operational risks that could affect customer trust.

What makes Chime unique

  • Chime's entirely online platform eliminates the need for physical branches, offering a seamless digital banking experience unlike traditional banks.
  • The fee-free model, including features like SpotMe and early direct deposit, sets Chime apart from competitors who often charge various fees.
  • Chime's secured credit card that doesn't require a credit check provides a unique opportunity for customers to build credit, distinguishing it from other financial institutions.

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Benefits

Competitive salary based on experience

401k match plus the usual medical, dental, vision, life, and disability benefits

Generous vacation policy and company-wide Take Care of Yourself Days

Virtual events to connect with your fellow Chimers- think cooking classes, music festivals, mixology classes, paint nights, etc., and delicious snack boxes, too!