Full-Time

VP of Sales

Posted on 11/21/2024

Socure

Socure

201-500 employees

Digital identity verification and fraud prevention

Fintech
Financial Services

Compensation Overview

$215k - $260kAnnually

Expert

Remote in USA

Category
Strategic Account Management
Sales & Account Management
Required Skills
Sales
Data Science
Data Analysis
Requirements
  • 10+ years experience selling analytical-driven SaaS solutions to enterprise customers in the financial services industry (Fraud, Risk and Identity)
  • Evidence of sustained quota/goal achievement demonstrable account and/or channel management experience
  • Command of goal-oriented, customer-centric/solution selling principles and methods
  • Mastery of consultative sales processes and B2B SaaS
  • Background in Identity Verification, Identity Fraud, Know Your Customer Compliance, Document Verification, Authentication, and Identity Risk Prevention Strategies
  • Strong deal process for qualifying opportunities and organizing deal motions
  • Strong sales coaching skills in the areas of technology, use cases, and sales presentation acumen
  • Experience forecasting commitments with accuracy
  • Strong data and statistical analysis skills
  • Background in Data science, Machine Learning, and Artificial Intelligence
  • Bachelor's / Master’s degree in business or related discipline
Responsibilities
  • The VP Sales position leads a team of Account Executive Directors.
  • Must be adept at inspiring type-A sellers that have personalities to fill any room, that successfully go toe-to-toe with C-levels, celebrate every win, and go above and beyond to succeed here at Socure.
  • Provide coaching and develop sales team
  • Drive sales and exceed expectations in terms of revenue generation
  • Ensure the team builds a significant prospect pipeline and create/ expand existing networks

Socure specializes in digital identity verification and fraud prevention, primarily serving the financial services sector, including banks and credit unions. The company uses machine learning and advanced algorithms to analyze minimal customer data to assess the risk of fraud. One of its key products, the Sigma Fraud Score, effectively detects fraudulent activities by comparing transactions against a proprietary database of known fraudsters. Additionally, Socure offers solutions like Device Risk, which authenticates user sessions by gathering unique device features, enhancing security and user experience. Socure operates on a subscription model, allowing clients to access its suite of tools and databases continuously, while also helping them comply with regulations like the Patriot Act through robust Customer Identification Programs. The goal of Socure is to provide accurate and efficient identity verification solutions that minimize fraud risk for financial institutions.

Company Stage

N/A

Total Funding

$629M

Headquarters

New York City, New York

Founded

2012

Growth & Insights
Headcount

6 month growth

-2%

1 year growth

-4%

2 year growth

-18%
Simplify Jobs

Simplify's Take

What believers are saying

  • Winning the AI Breakthrough Award for Best AI-Based Solution for Fraud Prevention highlights Socure's industry leadership and innovation.
  • Partnerships with companies like Xcelerate and Oscilar enhance Socure's capabilities and market reach, providing robust solutions for government and financial institutions.
  • Socure's ability to capture up to 99% of ID fraud in the riskiest 5% of users significantly reduces fraud losses and increases revenue for clients.

What critics are saying

  • The competitive landscape in digital identity verification and fraud prevention is intense, requiring continuous innovation to maintain leadership.
  • Dependence on advanced technologies like machine learning may pose challenges in adapting to rapidly evolving fraud tactics.

What makes Socure unique

  • Socure's use of machine learning and advanced algorithms for digital identity verification and fraud prevention sets it apart from traditional methods.
  • The Sigma Fraud Score's high accuracy in detecting fraud, leveraging a proprietary database, provides a significant competitive edge.
  • Socure's comprehensive suite of solutions, including Device Risk and Customer Identification Programs, offers a holistic approach to security and compliance.

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Benefits

Competitive salary & equity

Comprehensive medical, dental, & vision coverage

FSA

Parental leave

401k

Life insurance

PTO