Full-Time

Backend Engineer

Confirmed live in the last 24 hours

Wealthfront

Wealthfront

201-500 employees

Automated investment and wealth management services

Fintech
Financial Services

Compensation Overview

$140k - $185kAnnually

+ Equity + Discretionary Bonus

Junior, Mid

Palo Alto, CA, USA

Supports US-based remote work or requires in-office presence in Palo Alto, CA.

Category
Backend Engineering
Software Engineering
Required Skills
Agile
MySQL
NoSQL
Apache Spark
SQL
Java
Postgres
Oracle
Spring
Requirements
  • 2-6 years of experience in developing backend components, services or APIs in Java or a similar language
  • Knowledge and understanding of distributed systems and functional programming paradigms
  • Knowledge of SQL and experience working with online data stores (ideally something like MySQL, MariaDB, PostgreSQL, Oracle, MS SQL Server but NoSQL is okay)
  • Passion for agile, test-driven development, continuous integration and automated testing
  • Experience working with Spark pipelines is a plus
  • Knowledge of an ORM technology such as Hibernate is a plus
  • Experience with a dependency injection framework (one of Guice, Spring, Pico, Dagger) is a plus
  • BS or MS in computer science or related field
Responsibilities
  • Design and build new features or enhance existing features
  • Add capabilities to the various backend systems and services that support Wealthfront’s products
  • Improve the maintainability and stability of the codebase by fixing issues and adding necessary enhancements to existing backend systems
  • Ensure that mission critical backend systems and services operate smoothly in production by triaging and resolving operational issues as part of a team of on-call engineers
  • Proactively identify opportunities for improving the reliability and scalability of systems
  • Participate in recruiting activities such as interviewing and attending career fairs
  • Provide mentorship to other engineers on the team

Wealthfront offers financial services that help individuals grow their wealth through a digital platform. Its main product is an automated investment service that uses algorithms, called robo-advisors, to manage client funds for long-term growth. The company also provides a high-yield cash account for short-term savings and a diversified bond portfolio for earning dividends and tax benefits. Wealthfront stands out by focusing on automation and ease of use, aiming to make wealth management accessible to everyone.

Company Stage

Series E

Total Funding

$198.9M

Headquarters

Palo Alto, California

Founded

2011

Growth & Insights
Headcount

6 month growth

6%

1 year growth

12%

2 year growth

15%
Simplify Jobs

Simplify's Take

What believers are saying

  • Wealthfront's recent expansion into stock trading and bond investing demonstrates its commitment to diversifying its product offerings.
  • The company's achievement of $50 billion in client assets underscores its strong market position and client trust.
  • The high FDIC insurance coverage for cash accounts enhances client security and confidence in the platform.

What critics are saying

  • The competitive landscape in FinTech and wealth management is intense, with major players like Robinhood and Vanguard posing significant threats.
  • Reliance on robo-advisors may deter clients who prefer human financial advisors, potentially limiting market reach.

What makes Wealthfront unique

  • Wealthfront's automated investment platform leverages award-winning robo-advisors, setting it apart from traditional wealth management services.
  • The high-yield cash account offering an industry-leading 5.00% APY is a significant differentiator in the short-term savings market.
  • Wealthfront's diversified bond portfolio provides tax advantages and flexibility, unlike traditional bond investments with locked-in rates and maturity dates.

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Benefits

Free lunches, snacks, coffee

Receive 1:1 mentorship

Caltrain pass, an additional transportation stipend, and relocation bonuses

Monthly wellness reimbursement

Discretionary time off policy and offer 16 weeks of paid parental leave

Comprehensive medical, dental and vision coverage