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VP of Banking

We're Hiring!

About Prove 

As the world moves to a mobile-first economy, businesses need to modernize how they acquire, engage with and enable consumers. Prove’s phone-centric identity tokenization and passive cryptographic authentication solutions reduce friction, enhance security and privacy across all digital channels, and accelerate revenues while reducing operating expenses and fraud losses. Over 1,000 enterprise customers use Prove’s platform to process 20 billion customer requests annually across industries, including banking, lending, healthcare, gaming, crypto, e-commerce, marketplaces, and payments. For the latest updates from Prove, follow us on LinkedIn.

Prove is driving the future of digital identity. We are looking for Provers who know how to make an impact. We’re talking self-starting professionals who thrive in a fast-paced environment, process information quickly, and make intelligent decisions. The work is challenging and requires not only smart but natural curiosity and tenacity. Teamwork is also important to us – we work together and play together.   

Prove has big plans, and we’re excited about the future. If this sounds like the place for you – come join our team! 

Title: VP of Banking 

Department: Revenue

Reports To: SVP, Sales

FLSA Status: Exempt

Overview

The Vice President of Banking is a key executive role responsible for the Go-To-Market (GTM) Profit & Loss (P&L) of Prove's Banking business. This position leads the Banking New Sales, Account Management, Customer Success, Technical Account Management, and Onboarding.  The primary objective is to drive incremental revenue growth cost-effectively. The VP of Banking will collaborate closely with cross-functional leaders to ensure alignment and execution of the business strategy. While the primary focus is on top U.S.-based banks, international expansion presents additional growth opportunities.

Key Responsibilities

  • Revenue Generation: Develop and execute strategic plans to drive revenue growth and net revenue retention within the banking segment
  • P&L Management: Oversee the GTM P&L for the Banking business, ensuring profitability and financial health. This includes advising on growth investments, including  and adhering to operating budget
  • Cross-Functional Collaboration: Work closely with Product, Marketing, Engineering, and other departments to align GTM strategies and execution.
  • Client Relationships: Build and maintain strong relationships with key stakeholders at top U.S. banks.
  • Market Intelligence: Stay abreast of industry trends, competitive landscape, and regulatory developments.
  • Process Optimization: Continuously improve sales processes and methodologies to enhance efficiency and effectiveness.

Team Leadership: Lead and mentor a high-performing team of sales, account management, customer success technical account management, and onboarding. 

Qualifications & Experience: 

  • Track record of successfully scaling a profitable, worldwide sales organization.
  • 5-7 years of sales leadership with emphasis on building out a team
  • 8-10 years of relevant experience with SaaS or direct B2B high-tech solutions for banking
  • Promote, maintain and enhance our cultural values of humility, passion, inclusion, and leadership.
  • Strong passion for learning about our products and markets through in-house and external training.
  • Experience in high-growth /pre-IPO Technology companies

This position description should not be considered the final description of the position. The position description is not intended to be an all-inclusive list of duties and standards of the positions. It should be assumed that we would, to some extent, structure responsibilities in accordance with the successful candidate’s capabilities and changing business conditions. Incumbents will follow any other instructions, and perform any other related duties, as assigned by their supervisor.

The anticipated salary range for this role is $250,000 - $270,000 plus variable commission. Offered salary will be determined by the applicant’s education, experience, knowledge, skills, geo-location and abilities, as well as internal equity and alignment with market data.

Benefits & Perks for FTE Provers:

  • Competitive salaries & Bonus Plan (for eligible roles) and Equity Plan
  • Modern Health for financial, mental, and physical wellness
  • 401(k) Retirement Plan & Match (US Offices) and Local Country Pension (International Offices)
  • Unlimited Vacation and Flexible hours
  • Comprehensive medical benefits for you and your family ❤️
  • Emotional & Physical Wellness – Access to wellness services (EAP & Prove Well-Being Reimbursement)
  • Bottomless snacks & beverages for certain office locations
  • Daily GrubHub stipend for lunch if coming into the office (US Offices)
  • A great place to work and connect with other talented Provers like yourself!

Don’t meet every single requirement? Studies have shown that women and people of color are less likely to apply to jobs unless they meet every single qualification. At Prove we are dedicated to building a diverse, inclusive and authentic workplace, so if you’re excited about this role but your past experience doesn’t align perfectly with every qualification in the job description, we encourage you to apply anyways. You may be just the right candidate for this or other roles.

Equal Opportunity Employment:

Prove is an equal opportunity employer committed to providing equal employment opportunity for all people regardless of race, color, religion, gender or sexual orientation, age, marital status, national origin, citizenship status, disability, veteran status or other personal characteristics 

Privacy & Data Protection:

When you are applying for a job at Prove, we collect and use your personal information in the job application process. To understand more about how Prove uses your personal information, please see our Recruitment Privacy Policy on our website.

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CEO of Prove
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Rodger Desai
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Average salary estimate

$260000 / YEARLY (est.)
min
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$250000K
$270000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About VP of Banking, Prove

We're excited to announce that Prove is on the lookout for a dynamic Vice President of Banking! If you have a passion for the banking sector and a knack for driving revenue growth, this remote role might be the perfect fit for you. At Prove, we are transforming how businesses engage with consumers through our innovative phone-centric identity tokenization and cryptographic authentication solutions. As the VP of Banking, you'll take the reins on our Go-To-Market strategy, overseeing both the New Sales and Customer Success departments. You will work closely with leading U.S. banks, fostering strong relationships and leveraging market intelligence to capture emerging opportunities. This is not just a leadership role; it’s your chance to drive strategic growth and profitability while collaborating with cross-functional teams that fuel our innovative goals. We're looking for a self-starter who thrives in a fast-paced environment and embodies our cultural values of humility, passion, and inclusion. With competitive salaries, unlimited vacation, and a focus on wellness, Prove is committed to supporting our employees in all aspects of their lives. If you're ready to make an impact and lead our banking segment to new heights, we invite you to apply today and be part of something truly special at Prove!

Frequently Asked Questions (FAQs) for VP of Banking Role at Prove
What qualifications do I need to apply for the VP of Banking position at Prove?

To be considered for the VP of Banking position at Prove, you should ideally have 5-7 years of sales leadership experience, with a strong emphasis on building and scaling teams. Additionally, experience in SaaS or direct B2B high-tech solutions for banking, along with a track record in profitable sales organization management, is essential.

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What are the primary responsibilities of the VP of Banking at Prove?

As the VP of Banking at Prove, you will lead revenue generation efforts, oversee the GTM Profit & Loss, and build strong relationships with key stakeholders in top U.S. banks. Your role will also involve collaborating with various departments to align business strategies and improve sales processes.

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How does Prove support the professional development of the VP of Banking?

At Prove, we are committed to your growth. As the VP of Banking, you'll have access to in-house training and external resources to enhance your knowledge about our products and the banking industry, ensuring you remain at the forefront of market trends.

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Is the VP of Banking position at Prove remote?

Yes, the VP of Banking position at Prove is a remote opportunity, allowing you to work flexibly while leading initiatives in the banking sector. Our culture promotes a healthy work-life balance.

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What is the expected salary range for the VP of Banking role at Prove?

The anticipated salary range for the VP of Banking role at Prove is between $250,000 to $270,000, plus variable commission. The final offer will be based on your individual education and experience.

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What kind of company culture can I expect as the VP of Banking at Prove?

Prove promotes a culture of teamwork, humility, and passion for innovation. As the VP of Banking, you can expect to collaborate with talented colleagues who share a common vision and who support each other both professionally and personally.

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Are there opportunities for international expansion in the VP of Banking role at Prove?

Absolutely! While the primary focus is on U.S.-based banks, the VP of Banking role at Prove includes additional growth opportunities through international expansion, allowing you to tap into global markets.

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Common Interview Questions for VP of Banking
Can you explain your experience with scaling a sales organization in the banking sector?

In answering this question, share specific examples of how you've successfully scaled sales operations, focusing on strategies used, challenges faced, and outcomes achieved. Highlight your leadership approach and how you aligned your team to meet company goals.

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How do you approach P&L management and reporting in your previous roles?

Discuss your experience with P&L oversight by providing detailed insights into the processes you use for financial analysis, budget management, and growth investments. Emphasize your decision-making skills and ability to drive profitability.

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Describe a time when you built a strong client relationship with a key stakeholder in banking.

Utilize a STAR method (Situation, Task, Action, Result) to present a compelling story that showcases your interpersonal skills, negotiation tactics, and the longevity of the relationship you developed with the stakeholder.

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What strategies would you implement to generate revenue growth as the VP of Banking?

Your answer should include specific, actionable strategies like market analysis, customer feedback integration, cross-selling opportunities, and new product introductions, demonstrating your strategic mindset and market awareness.

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How do you keep yourself updated with industry trends and competitive landscapes in banking?

Share the methods you use, such as attending conferences, following thought leaders, or consuming relevant industry publications. This showcases your commitment to being informed and proactive in your role.

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What experience do you have with cross-functional collaboration?

Explain specific instances where you've successfully worked with other departments, such as marketing or product teams, to achieve common goals, emphasizing your teamwork and communication skills.

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How would you define success in the role of VP of Banking?

Clarify your vision of success, which could include metrics like revenue growth, customer satisfaction scores, or team performance benchmarks, allowing the interviewer to see you understand key performance indicators.

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What motivates you to lead a high-performing team?

Discuss your leadership philosophy and the importance of both individual and team achievements, providing examples of how you empower and motivate employees to succeed and thrive.

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How do you plan to approach market intelligence for Prove's banking solutions?

Share your planned approach to gathering competitive intelligence and market research, including tools and resources you'll utilize to inform product and sales strategies.

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Can you describe a challenging situation you faced in your sales career and how you overcame it?

Provide an example that highlights your problem-solving capabilities, resilience, and ability to learn from experiences, making sure to tie it back to skills relevant to the VP of Banking role.

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Prove modernizes how digital trust is established and maintained throughout the digital consumer journey, providing unparalleled accuracy in identity verification and authentication while delivering a frictionless consumer experience.

20 jobs
MATCH
VIEW MATCH
FUNDING
SENIORITY LEVEL REQUIREMENT
TEAM SIZE
SALARY RANGE
$250,000/yr - $270,000/yr
EMPLOYMENT TYPE
Full-time, remote
DATE POSTED
November 24, 2024

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