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Partnership Manager - Financial Institutions

We believe that the way people interact with their finances will drastically improve in the next few years. We’re dedicated to empowering this transformation by building the tools and experiences that thousands of developers use to create their own products. Plaid powers the tools millions of people rely on to live a healthier financial life. We work with thousands of companies like Venmo, SoFi, several of the Fortune 500, and many of the largest banks to make it easy for people to connect their financial accounts to the apps and services they want to use. Plaid’s network covers 12,000 financial institutions across the US, Canada, UK and Europe. Founded in 2013, the company is headquartered in San Francisco with offices in New York, Washington D.C., London and Amsterdam.


The Network Partnerships organization works with external data partners and through industry bodies to enable product innovation at Plaid and financial freedom for consumers. Within this organization, the Data Partnerships team is focused on helping Plaid’s most significant data partners accelerate their open finance journeys and driving the adoption of Plaid’s solutions for API-based access, privacy controls and risk management.


The Partnership Manager is the primary strategic and business point of contact for a portfolio of Plaid’s largest Financial Institution partners. This includes owning the end-to-end strategy and execution of core business goals with a financial institution, as well as building relationships with stakeholders, partnering with Technical Leads to pitch new solutions and act as advocate, and liaison with Plaid Product, Legal, Policy, Go-To-Market, and Engineering teams.


Responsibilities
  • Lead multiple strategic relationships with our largest financial institution partners. 
  • Create and own the priorities and strategy for our engagement with FIs. Partner with teams internally and externally to execute on this strategy and goals. 
  • Cultivate and deepen relationships with key stakeholders within financial institutions. Help partner with and support FIs on their digital transformation journey.
  • Be an expert on Plaid’s technology and product offerings; work closely with influence internal and external product and engineering teams to execute on product roadmaps and advocate for open finance solutions.
  • Help define our strategy for transforming Plaid’s position in the financial services industry. Help shape policy and regulatory priorities and goals. 
  • Serve as the escalation point for business and technical incidents or issues that surface as part of our API integrations with FIs.
  • Help uncover additional opportunities that are aligned with our FI partnership strategy + company goals.
  • Work in a highly-collaborative and cross-functional environment that feels different each day.


Qualifications
  • 6-10+ years of experience in a partnerships, strategy, business operations, or similar role.
  • Experience managing external relationships independently and building / executing strategies to make partners/clients successful with new technologies.
  • Excellent project management and communication skills with a strong ability to craft compelling executive communications and reports.
  • Ability to understand technical and product concepts
  • Self-starter who takes initiative and possesses strong troubleshooting skills with an ability to use deductive and inductive reasoning to guide partners through complex or escalated issues.
  • Ability to collaborate cross-functionally with different teams, levels of seniority, and influence structure / process to ensure everyone can meet their goals and timelines.
  • Ability to work under pressure, deadlines and navigate unexpected roadblocks


$144,720 - $216,000 a year
Target base salary for this role is between $144,720 and $216,000 per year. Additional compensation in the form(s) of equity and/or commission are dependent on the position offered. Plaid provides a comprehensive benefit plan, including medical, dental, vision, and 401(k). Pay is based on factors such as (but not limited to) scope and responsibilities of the position, candidate's work experience and skillset, and location. Pay and benefits are subject to change at any time, consistent with the terms of any applicable compensation or benefit plans.

Our mission at Plaid is to unlock financial freedom for everyone. To support that mission, we seek to build a diverse team of driven individuals who care deeply about making the financial ecosystem more equitable. We recognize that strong qualifications can come from both prior work experiences and lived experiences. We encourage you to apply to a role even if your experience doesn't fully match the job description. We are always looking for team members that will bring something unique to Plaid!


Plaid is proud to be an equal opportunity employer and values diversity at our company. We do not discriminate based on race, color, national origin, ethnicity, religion or religious belief, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender, gender identity, gender expression, transgender status, sexual stereotypes, age, military or veteran status, disability, or other applicable legally protected characteristics. We also consider qualified applicants with criminal histories, consistent with applicable federal, state, and local laws. Plaid is committed to providing reasonable accommodations for candidates with disabilities in our recruiting process. If you need any assistance with your application or interviews due to a disability, please let us know at accommodations@plaid.com.


Please review our Candidate Privacy Notice here.

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Average salary estimate

$180360 / YEARLY (est.)
min
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$144720K
$216000K

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What You Should Know About Partnership Manager - Financial Institutions, Plaid

Are you ready to take on an exciting challenge at Plaid as a Partnership Manager - Financial Institutions in New York? At Plaid, we believe in transforming the way people interact with their finances. Our innovative tools and experiences empower developers to create impactful financial solutions. In this role, you will be at the forefront of this transformation, playing a key part in managing relationships with our largest financial institution partners. Your responsibilities will include owning the strategy and execution for engaging with these partners, along with collaborating closely with internal teams, such as product and engineering, to advocate for the adoption of Plaid’s cutting-edge API solutions. You'll be the liaison between the financial institutions and Plaid, guiding them on their digital transformation journey and helping them navigate any challenges that arise. The ideal candidate will have over 6 years of experience in partnerships or business operations and a strong understanding of technical product concepts. If you're a self-starter with excellent project management skills and a knack for making meaningful connections, this opportunity is perfect for you. Join us as we work with giants like Venmo and SoFi, and contribute to the mission of unlocking financial freedom for everyone.

Frequently Asked Questions (FAQs) for Partnership Manager - Financial Institutions Role at Plaid
What are the key responsibilities of a Partnership Manager - Financial Institutions at Plaid?

As a Partnership Manager - Financial Institutions at Plaid, your main responsibilities will include leading strategic relationships with our largest financial institution partners, owning engagement priorities, and collaborating with cross-functional teams to execute on key goals. You'll be deepening relationships with various stakeholders and helping partners along their digital transformation journey, ensuring they successfully leverage Plaid's technology.

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What qualifications are needed for the Partnership Manager - Financial Institutions position at Plaid?

The ideal candidate for the Partnership Manager - Financial Institutions role at Plaid should possess 6-10+ years of experience in partnerships, business operations, or related fields. Strong project management and communication skills are essential, along with the ability to understand technical concepts and navigate cross-functional teams. Experience with strategic relationship management in a technological context is important.

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How does the Partnership Manager role at Plaid contribute to financial institutions?

The Partnership Manager role at Plaid plays a critical role in facilitating partnerships with financial institutions by helping them adopt innovative solutions that enhance their financial services. This involves advocating for Plaid's open finance technology and guiding institutions through complex issues during their API integrations, ultimately supporting them in meeting their digital transformation goals.

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What is the expected salary range for a Partnership Manager - Financial Institutions at Plaid?

The target base salary for the Partnership Manager - Financial Institutions position at Plaid ranges from $144,720 to $216,000 per year, depending on experience and qualifications. Additional compensation may include equity and commission based on the role. A comprehensive benefits package is also offered, which includes medical, dental, vision, and 401(k) plans.

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What kind of team culture can one expect as a Partnership Manager at Plaid?

At Plaid, the team culture is highly collaborative and dynamic. As a Partnership Manager - Financial Institutions, you’ll work closely with diverse teams across various functions, contributing to an environment that fosters innovation and open communication. The company values diversity and inclusion, and welcomes unique perspectives to enrich our team and achieve our mission of unlocking financial freedom.

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Common Interview Questions for Partnership Manager - Financial Institutions
Can you describe your experience managing partnerships in the financial sector?

When answering, provide specific examples of successful partnerships you've managed. Highlight your strategies for building relationships, challenges you overcame, and the outcomes of those partnerships, emphasizing your capacity to foster business growth.

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What strategies would you employ to enhance relationships with financial institutions?

Outline a multi-faceted approach involving regular communication, identifying mutual goals, and providing value through Plaid’s offerings. Emphasize the importance of understanding each institution's unique needs to tailor your strategy effectively.

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How do you approach collaboration with cross-functional teams?

Discuss your experience working with different teams, including product, legal, and engineering. Share examples of successful collaborative projects and how you ensure that all team members align towards common objectives.

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What challenges have you faced in managing partnerships, and how did you resolve them?

Reflect on specific challenges, such as communication barriers or technical issues, and describe your problem-solving process. Highlight your ability to use feedback and data to enhance partnerships and overcome obstacles.

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Can you explain your understanding of open finance and its implications for financial institutions?

Provide a brief overview of open finance, emphasizing its potential to enhance consumer access to financial services. Discuss how Plaid’s technology supports this movement and the strategic importance for financial institutions to adopt these solutions.

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How do you prioritize your tasks in a fast-paced environment?

Share your methods for effective prioritization, such as using a matrix to evaluate urgency versus importance, to ensure you stay focused on key strategic goals without missing critical deadlines.

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What steps would you take if a financial institution is facing integration issues with Plaid’s API?

Discuss the importance of communication and collaboration in problem resolution. Outline a systematic approach including assessing the issue, involving technical teams, and keeping the partner informed throughout the process to restore confidence.

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Describe how you would present a new solution to a financial institution.

Explain your approach to crafting articulate and compelling presentations that focus on the unique benefits of the solution. Emphasize understanding the institution’s needs and customizing the pitch to emphasize ROI and practical implementation.

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How do you keep updated on industry trends and innovations in financial services?

Share your strategies for staying informed, such as subscribing to industry publications, attending conferences, and engaging with professional networks. Highlight how this knowledge influences your partnership strategies.

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What motivates you to work in partnerships within the financial technology space?

Articulate your passion for financial technology and how fostering partnerships can lead to improved consumer experiences and innovations in the financial services industry. Discuss specific aspects of Plaid’s work that resonate with you.

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Plaid’s mission is to unlock financial freedom for everyone.

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Full-time, on-site
DATE POSTED
December 18, 2024

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