VP Embedded Finance Solution Architect (Hybrid)

The VP Embedded Finance Solution Architect at The Bancorp Bank oversees crucial responsibilities including designing comprehensive financial solutions, establishing API-first architectures, developing reference architectures for integrating third-party financial services, and ensuring compliance with both business objectives and regulatory frameworks. This role is vital in driving innovation within the embedded finance sector, focusing on optimizing transaction flows and enhancing platform capabilities.

Candidates for the VP Embedded Finance Solution Architect position at The Bancorp Bank should possess an undergraduate degree in Computer Science or a related field, along with at least 10 years of experience in financial services. Additionally, 5-8 years in solution architecture, cloud architecture, or enterprise architecture is required, ideally with experience in payment processing or embedded finance platforms. Preferred qualifications include TOGAF and AWS certifications.

The VP Embedded Finance Solution Architect plays a crucial role in aligning technological solutions with business growth at The Bancorp Bank by defining integration strategies for financial services, optimizing the technology roadmap, and guiding development in line with market demands. By proactively creating scalable solutions and ensuring regulatory compliance, this role not only supports but accelerates the bank's growth trajectory.

The work environment for the VP Embedded Finance Solution Architect at The Bancorp Bank is hybrid, allowing for a flexible balance between onsite collaboration in Sioux Falls, SD, and remote work after the training period. This arrangement promotes teamwork and innovation while also supporting individual productivity and work-life balance.

Essential technology skills for the VP Embedded Finance Solution Architect at The Bancorp Bank include proficiency in developing API-first and event-driven architectures, crafting microservices for financial transactions, and understanding security frameworks like OAuth 2.0 and JWT. Familiarity with cloud infrastructure and various compliance standards, including PCI-DSS and GDPR, is also crucial for success in this role.

When answering this question, emphasize your previous roles and projects where you designed or implemented API-first architectures. Discuss the technologies used and how they contributed to seamless integrations and enhanced user experiences. Highlight any successful outcomes related to scalability and performance.

To respond effectively, outline your familiarity with various compliance standards, such as PCI-DSS and GDPR, and share your strategies for integrating these regulations into your architecture designs. Mention your approach to collaborating with compliance teams to address risks and ensure that all solutions adhere to necessary regulations.

When discussing innovation, focus on your ability to research emerging technologies and trends in embedded finance. Talk about any instances where you have successfully adopted new solutions or architectures that pushed the boundaries of traditional financial services, showcasing your forward-thinking mindset.

To answer this question, describe your prioritization process, discussing factors such as business impact, user feedback, regulatory requirements, and technical feasibility. Provide specific examples of how you’ve balanced these considerations in past roles to create effective technology roadmaps.

In your response, detail your experience with security protocols and frameworks, such as OAuth 2.0 and JWT. Discuss your methodologies for implementing these frameworks effectively, including any relevant examples of security challenges you faced and how you resolved them.

Articulate your collaborative efforts with engineering teams by outlining regular strategies such as joint design sessions, prototyping, and feedback loops. Highlight the importance of maintaining open lines of communication to adapt designs based on technical constraints and align on project goals.

Focus on your systematic approach toward assessing third-party services, outlining your criteria for selection based on reliability, compliance, and ease of integration. Discuss your real-world experiences integrating such services and the outcomes they produced.

Discuss the importance of documentation in architecture and detail how you maintain comprehensive records of your decisions. Explain how good documentation facilitates future projects, helps in onboarding new team members, and aids in compliance audits.

When answering, provide a specific example of a project that included challenges such as regulatory hurdles, technical limitations, or tight deadlines. Focus on how you overcame these obstacles and what the final outcome was for the solution you delivered.

In your response, reflect on your vision for the future of embedded finance, including trends like increased personalization, the impact of blockchain, and the growing importance of security. Demonstrate your understanding of how these trends could influence architectural decisions and the solutions you would advocate for at The Bancorp Bank.