Full-Time

Engineering Manager

Posted on 11/15/2024

Wealthfront

Wealthfront

201-500 employees

Automated investment and wealth management services

Fintech
Financial Services

Compensation Overview

$205k - $260kAnnually

+ Equity

Mid, Senior

Palo Alto, CA, USA

This role supports hybrid in-office presence in Palo Alto, CA.

Category
Engineering Management
Software Development Management
Requirements
  • B.S. or M.S. in Computer Science or equivalent experience, 1+ years engineering management experience
  • Experience shipping consumer Internet products as an individual contributor
  • Track record of leading productive engineering teams
  • Experience hiring, mentoring, coaching and developing engineers into top performers
  • Understanding of successful team dynamics and how your role as a manager fits into this process
  • Passionate about collaborative problem solving
  • Eagerness to solve challenging problems
  • Proficient in agile methodologies
Responsibilities
  • Collaborate with the tech leads and other functions (product management, design, product support, brokerage operations) to understand and respond to changing priorities
  • Monitor team productivity, remove roadblocks, identify and implement improvements to our process, and act as scrum master for the team
  • Promote success for team members along their career path at Wealthfront
  • Facilitate the exchange of information among all Wealthfront employees in a systematic manner
  • Lead effective organizational improvement within our company
  • Combine data-driven process and human empathy to iteratively develop and assess our collective teams and individual team members
  • Evaluate technical abilities of individual engineers, in order to match them with projects which demonstrate their strengths and stretch them to grow
  • Partner with Recruiting to build well-rounded, effective, and inclusive engineering teams

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