Full-Time

Security Engineering Lead

Confirmed live in the last 24 hours

Step Mobile

Step Mobile

201-500 employees

Fintech startup for credit building services

Fintech
Financial Services

Senior, Expert

Palo Alto, CA, USA + 1 more

More locations: Remote in USA

Category
Cybersecurity
IT & Security
Requirements
  • 8+ years relevant work experience in the Information Security field.
  • Well versed in Cloud Infrastructure and Mobile Application Security.
  • Experience advising product teams on how to address a broad set of security and privacy challenges.
  • Experience shipping code in consumer-facing products, preferably across both backend and mobile domains.
  • Ability to prioritize and communicate impact for the security projects on the Step Engineering roadmap.
  • A desire to help build the product, not just poke holes in it.
Responsibilities
  • Build the security engineering program going from zero to one.
  • Your team will assess risks to our customers across a wide range of product and technology areas, including mobile, backend infrastructure, key management, account recovery, third party integrations, authentication, and privacy.
  • Be the subject matter expert for the entire security stack here at Step, including application security, building thread models, overseeing penetration testing, and effectively balancing security risk with product development initiatives.
  • Identify key security considerations that we need to address as we're growing our products.
  • Own security-critical systems at Step. Includes but not limited to authentication, access control and encryption services.
  • Establish secure coding practices across the engineering team.
  • Work with engineering and XFN teams to help architect solutions that are inherently secure.

Step Mobile provides banking services aimed at helping individuals under 18 build a positive credit history. Their main product is a secured Visa Credit Building Card, which allows users to start establishing credit early, along with a savings account offering a 5.00% interest rate. Users can also invest in fractional shares of stocks, ETFs, and bitcoin with no commission fees. Step Mobile differentiates itself with a subscription model, charging $99 per year, while focusing on accessible and user-friendly financial solutions.

Company Stage

N/A

Total Funding

$171.5M

Headquarters

Palo Alto, California

Founded

2018

Growth & Insights
Headcount

6 month growth

10%

1 year growth

10%

2 year growth

19%
Simplify Jobs

Simplify's Take

What believers are saying

  • The launch of the Step Black Visa Signature® card and a 5% savings account rate positions Step Mobile as a competitive player in the fintech market.
  • Securing $300 million in debt funding allows Step Mobile to accelerate growth and expand its product offerings, including crypto investing and financial literacy programs.
  • The company's innovative approach to credit building and high-yield savings accounts can attract a loyal customer base from a young age, fostering long-term growth.

What critics are saying

  • The collapse of Synapse highlights the vulnerability of fintech companies to third-party risks, which could impact Step Mobile's operations if a similar situation arises.
  • The competitive landscape in fintech, with giants like Apple entering the high-yield savings market, could pressure Step Mobile to continuously innovate to maintain its edge.

What makes Step Mobile unique

  • Step Mobile focuses on helping individuals under 18 build a positive credit history, a niche market often overlooked by traditional banks.
  • The company's partnership with Visa and Evolve Bank & Trust ensures robust fraud protection and FDIC insurance, enhancing user trust and security.
  • Step Mobile's offering of fractional shares and cryptocurrency investments with no commission fees makes investing accessible to younger and less affluent users.

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