Full-Time
Business Systems Analyst
Iam
Posted on 11/15/2024
Varo
501-1,000 employees
Digital banking with fee-free services
Compensation Overview
$100k - $120kAnnually
Mid, Senior
San Francisco, CA, USA
Hybrid position based in San Francisco, CA.
- 7 - 10 years of information technology experience with specialization in IAM. Related experience working in a financial institution, a fintech company, or a provider to the financial services business sector is preferred
- Reporting on IAM\PAM governance & certification program; expert knowledge of IAM framework, and Risk Management Framework
- Strong experience working with Okta, specifically Okta Identity Governance, and extensive knowledge of creating and maintaining Okta Workflows
- B.S. in Cyber Security or Computer Science, Information Systems related majors
- Security certifications (e.g. CISSP-ISSMP, CISM, CGEIT, CCSP and\or other comparable certifications in IAM domain) are a plus
- Excellent IAM\PAM\RBAC\CASB\Single Sign On\Multi Factor Authentication\Federation\AWS IAM knowledge and experience
- Extensive experience working with regulatory banking examiners to demonstrate higher level maturity in IAM governance & certification that meets mandatory requirements
- Experience reporting\presenting to the senior management, the Board, and/or Committees of the Board on the status of IAM\PAM governance, certification efforts.
- Develop\update the required IAM governance, certification program to support business and information security requirements for Varo Money and Varo Bank environments
- Assess current state and develop future state IAM maturity model covering a broad range of topics including digital identities of workforce as well as scaling for growing customer\partner base that will meet\exceed regulatory expectations
- Collaborate\partner with cross functional teams in all business units and stakeholders to identify\recommend\test IAM, Privileged Access Management (PAM), Cloud Access Security Broker (CASB) technologies, and processes as needed
- Ensure strong authentication, authorization, role based access controls (RBAC) are implemented in existing\new applications\products, including mobile devices and physical access
- Utilize IAM, PAM solutions and\or other processes in developing reporting identity & access governance certification metrics, dashboards
- Assist the Sr. Manager of Information Technology in management of all other IT program areas, and functions, including Helpdesk support
- Support data governance and data classification programs
- Assist with office-related IT tasks in San Francisco HQ in a hybrid working environment.
Varo Money provides digital banking services aimed at individuals looking for accessible and affordable banking options. The company offers a fee-free banking experience, which sets it apart from traditional banks that often impose various fees. Customers can benefit from services such as receiving their paychecks up to two days early through direct deposit, cash advances of up to $500 without interest, and a credit-building service that has helped users increase their credit scores by an average of 40 points in three months. Varo is an independent bank with its own banking charter, ensuring that all deposits are FDIC-insured up to $250,000. The goal of Varo is to create a more inclusive banking environment that prioritizes customer needs and financial well-being.
Company Stage
N/A
Total Funding
$1B
Headquarters
San Francisco, California
Founded
2015
6 month growth
↓ -2%1 year growth
↓ -6%2 year growth
↓ -12%
Simplify's Take
What believers are saying
- Varo's inclusion in Inc.'s 2023 Best in Business list for the third consecutive year highlights its strong reputation and industry recognition.
- The introduction of the 'Varo to Anyone' P2P feature positions Varo as a competitive alternative to popular services like Venmo and Cash App.
- Varo's credit-building service, which has shown to increase credit scores by an average of 40 points in three months, offers significant long-term financial benefits for customers.
What critics are saying
- The competitive fintech landscape, with major players like Chime and traditional banks entering the digital space, could challenge Varo's market share.
- Rapid expansion and the introduction of new features may strain Varo's operational capabilities and customer service.
What makes Varo unique
- Varo's fee-free banking model sets it apart from traditional banks that often charge various fees, making it a more attractive option for cost-conscious consumers.
- The early payday feature, allowing customers to receive their paychecks up to two days early, provides a significant advantage for those living paycheck-to-paycheck.
- Varo's independent banking charter and FDIC insurance up to $250,000 ensure a high level of security and trust for its customers.
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