---
title: 'Engineering Manager at ModernFi'
canonical: 'https://feeny.ai/job/engineering-manager-modernfi-new-york-cdp6srrcsj9s'
type: 'job'
last_seen: '2026-09-07'
---

# Engineering Manager at ModernFi

- **Company:** ModernFi
- **Location:** New York, NY
- **Employment:** full-time
- **Work type:** onsite
- **Posted:** 2026-08-10
- **Last confirmed live:** 2026-09-07
- **Apply:** https://jobs.ashbyhq.com/modernfi/dfa7e60a-8c33-4844-a169-d00ca5cf31b2

## Job description

## THE OPPORTUNITY

ModernFi is seeking an Engineering Manager to build and scale the platform that powers banks and credit unions nationwide. In this pivotal role, you will work directly with our leadership team to set engineering direction and ensure the team delivers with both speed and rigor. As the leader of a world-class engineering team, you will guide execution, elevate technical standards, and empower engineers to do the best work of their careers.

Your leadership will be instrumental in building the technology that helps financial institutions operate, strengthening the financial health of millions of Americans. This role offers the opportunity to shape our engineering culture and practices from the ground up, scale the systems our platform depends on, grow a deeply skilled team, and influence ModernFi's broader trajectory during a period of rapid growth.

At ModernFi, your work will directly fuel our vision and mission to serve as systemically important financial infrastructure that drives the American economy and to empower our partner financial institutions to grow and better serve their communities.

## THE ROLE

## RESPONSIBILITIES

- Lead, mentor, and develop a high-performing engineering team, fostering growth, accountability, and technical excellence
- Drive end-to-end delivery of high-impact engineering initiatives - from concept to architecture, implementation, testing, and launch
- Partner closely with Product, business stakeholders, and leadership to define scope, align on priorities, and ensure ModernFi ships high-quality features quickly and reliably
- Establish and continuously improve engineering best practices, tools, and processes for a rapidly scaling organization
- Own all the code your team produces. Review all code and not be afraid to hop into it and help push things over the line. At this stage, we are all ICs regardless of title and do whatever it takes to move towards our goals.
- Support hiring, onboarding, and leveling efforts to help build a diverse, exceptional engineering team
- Ensure strong execution through clear goal-setting, effective sprint planning, and proactive risk mitigation
- Maintain a high technical bar by participating in architecture discussions, reviewing code, and guiding engineers in solving complex technical problems
- Collaborate cross-functionally to translate client feedback and business needs into scalable technical solutions
- Promote a culture of extreme ownership, thoughtful iteration, and high accountability within the engineering organization
- Contribute to long-term technical strategy, system design, and infrastructure decisions as we scale to serve increasingly sophisticated institutions

## TECH STACK

- Python (FastAPI, SQLAlchemy), Typescript
- Retool (React, Vite, Tailwind)
- PostgreSQL Database
- AWS / Pulumi IaC
- Tools: Auth0, Datadog, Fern

## ABOUT YOU

- 6+ years of professional software engineering experience, including 2+ years in an engineering leadership or tech lead role
- Strong technical foundation - capable of diving deep into architecture, system design, and debugging across the stack
- Experience scaling an Engineering org. We are one team today, but just at the boundary, and will soon need to split into multiple squads.
- Proven ability to lead teams through ambiguity and guide engineers toward clear outcomes
- Comfortable in a fast-moving startup environment with evolving priorities
- Strong communicator who can articulate technical concepts clearly across engineering, product, and leadership
- High EQ, trustworthy, calm under pressure, and committed to developing others
- Experience hiring, coaching, and conducting performance management in a high-expectation environment
- Bias for action, strong ownership mentality, and passion for building mission-critical systems
- Interest in (or experience with) fintech, banking, financial systems, or highly regulated environments is a plus
- Energized by life-changing work at an early-stage company and motivated to help shape ModernFi’s engineering culture

## ABOUT US

The caliber and character of the ModernFi team set us apart.

We value competence and drive over experience, and look for compassionate people with diverse backgrounds. We appreciate technical ability, dedication, and humble confidence. Above all, we value respect — for our colleagues, our clients, our partners, and ourselves.

Our team pushes each other to be better every day, supports each other when things go wrong, and grows together on this journey. Because we are a close-knit team, we are selective and considerate with every hire.

The people at ModernFi could be doing anything in the world, yet they choose to be here.

## BENEFITS

- Top-of-market comp, equity from day one
- Health, dental, vision. 100% employee covered
- 401(k) with a broad fund selection
- Unlimited PTO
- Fully paid parental leave
- $100 monthly wellness stipend
- Dinner in the office
- Relocation to New York
- Uncapped equipment
- Quarterly team outings

## THE PROCESS

If you’d like to learn more, please email us at careers@modernfi.com. Our process is focused on cultural and personality fit. We are excited to get to know you, learn about what motivates you, and ensure that we can accelerate your personal and professional growth.

## About ModernFi

## Company Overview
- **One-liner**: ModernFi operates institution-owned deposit networks that help U.S. financial institutions provide reciprocal deposit insurance, optimize funding, and improve profitability.
- **Entity Type**: Private (Series B, $57.8M total funding)
- **Headquarters**: New York, New York, United States
- **Founded**: 2022
- **Founders**: Paolo Bertolotti

## Core Business
- **Primary industry**: Financial Services / Fintech (deposit infrastructure)
- **Target customers**: B2B — U.S. banks (community, regional, super-regional), credit unions, and other financial institutions of all sizes; also serves depositors including private wealth, nonprofits, public funds, and fiduciaries.
- **Mission**: "To serve as systemically important financial infrastructure that drives the American economy" and "Empower our partner financial institutions to grow and better serve their communities" [modernfi.com](https://www.modernfi.com/resources/about)

## Products & Services
- **Reciprocal Deposit Network (NBID)**: An institution-owned network that lets banks and credit unions offer depositors access to millions in aggregate FDIC/NCUA insurance across network institutions. Members receive preferential pricing, profit share, and oversight through a bank-majority board. [modernfi.com](https://modernfi.com/)
- **CUSO Network (for Credit Unions)**: A credit union service organization serving over 130 credit unions, owned directly by 10 credit unions and funded by industry CUSOs representing over 185 more. [modernfi.com](https://modernfi.com/)
- **API & Core Integration Suite**: Direct connections to major core providers, APIs for developers (docs.modernfi.com), real-time portal visibility for treasury, ALCO, and risk teams. [modernfi.com](https://modernfi.com/)
- **Branded Depositor Experience**: Integrated into partner institutions' web and mobile apps, branded as theirs, with a single account, statement, and 1099 for end depositors. [modernfi.com](https://modernfi.com/)
- **Prospect Intelligence & Co-Marketing**: Data and analytics to identify businesses, municipalities, and high-balance prospects; growth dashboards; branded marketing assets and support. [modernfi.com](https://modernfi.com/)

## Market Standing
- **Valuation**: Not publicly disclosed
- **Total Funding**: $57.8M (as of Series B in October 2025) [linkedin.com](https://www.linkedin.com/company/modernfi)
- **Key Metric**: Trusted by 761 of the nation's leading institutions managing $2.8T in deposits across all 50 states. NBID network has over 600 member banks. [modernfi.com](https://modernfi.com/)
- **Notable Investors/Partners**: Canapi Ventures (lead), Andreessen Horowitz, Remarkable Ventures, ICE, Huntington National Bank, First Horizon, Regions, Members Development Company, Curql. Board includes Gene Ludwig (27th Comptroller of the Currency), David Haber, Rodney Hood (former Acting Comptroller of the Currency), Neil Underwood. [modernfi.com](https://www.modernfi.com/resources/about) [linkedin.com](https://www.linkedin.com/company/modernfi)
- **Growth Signals**: Over the past five years, use of deposits networks has nearly tripled to over $450B; public-funds balances on the network grew over 100% year-over-year; Series B raised in Oct 2025; headcount growing (+2.0% monthly); CB Insights Fintech 100, Fast Company Most Innovative Companies. [modernfi.com](https://modernfi.com/) [linkedin.com](https://www.linkedin.com/company/modernfi)

## Competitive Advantages
- **Institution-owned model**: Modeled after Visa at founding and member-owned utilities (DTCC, The Clearing House), giving member banks preferential pricing, profit share, and oversight through a bank-majority board. This creates strong alignment and stability. [modernfi.com](https://modernfi.com/)
- **Scale & network effects**: With 761 institutions and $2.8T in deposits, the network effect is substantial — more members increase the value for all participants.
- **Deep integration**: Direct connections to major core providers and APIs make it sticky and embedded in partner workflows.
- **Regulatory and industry credibility**: Board includes former Comptrollers of the Currency, and the company has deep relationships with state associations and regulators.
- **Branded, white-label experience**: Partners own the depositor relationship entirely, with ModernFi operating invisibly in the background.

## Strategic Focus
- **Scaling the network**: Continuing to add member banks and credit unions (new institutions signing every week), with a goal of becoming systemically important infrastructure.
- **Deepening product suite**: Expanding API access, analytics, and co-marketing capabilities to increase partner stickiness and revenue.
- **Public funds growth**: Winning municipal mandates with reduced collateral requirements (public-funds balances grew 100%+ YoY).
- **Building a coalition**: Intending to build a coalition that sits at the heart of American banking, ensuring stable operation for decades so institutions of all sizes can compete and thrive. [modernfi.com](https://www.modernfi.com/resources/about)

## Why Work Here
- **Culture & Values**: Outcome-driven, high-performance culture emphasizing Drive, Performance, and Respect. "We value competence and drive over experience" and look for compassionate individuals with diverse backgrounds. [modernfi.com](https://www.modernfi.com/resources/careers)
- **Team**: Close-knit team of ~50 high performers. "The people at ModernFi could be doing anything in the world, yet they choose to be here." [modernfi.com](https://www.modernfi.com/resources/careers)
- **Benefits**: Competitive compensation and equity, unlimited PTO, 100% of employee health/dental/vision insurance covered, 401(k) plan, parental leave, all equipment covered for in-person or WFH setup, quarterly team offsites and outings. [modernfi.com](https://www.modernfi.com/resources/careers)
- **Work Environment**: Hybrid/remote-friendly (all equipment covered for WFH). Headquarters in New York, NY. Quarterly team offsites and outings.
- **Engineering Culture**: 8 open roles including Senior/Staff Software Engineer, Forward Deployed Engineer, Software Engineer, and Engineering Manager. Technical team is 16% of headcount. [linkedin.com](https://www.linkedin.com/company/modernfi) [jobs.ashbyhq.com](https://jobs.ashbyhq.com/modernfi)
- **Impact**: Opportunity to build foundational financial infrastructure that strengthens community and regional institutions — the "drivetrain of the American economy." [modernfi.com](https://www.modernfi.com/resources/about)

## Sources
1. [modernfi.com](https://modernfi.com/)
2. [modernfi.com/about](https://www.modernfi.com/resources/about)
3. [modernfi.com/careers](https://www.modernfi.com/resources/careers)
4. [linkedin.com/company/modernfi](https://www.linkedin.com/company/modernfi)
5. [jobs.ashbyhq.com/modernfi](https://jobs.ashbyhq.com/modernfi)

## Other roles at ModernFi

- [Product](https://feeny.ai/job/product-modernfi-new-york-qvzt0at3em0q) — New York, NY
- [Regional Director](https://feeny.ai/job/regional-director-modernfi-new-york-e4n7ta1b2mff) — New York, NY
- [Business Development Representative](https://feeny.ai/job/business-development-representative-modernfi-new-york-az02s366x50y) — New York, NY
- [Forward Deployed Engineer](https://feeny.ai/job/forward-deployed-engineer-modernfi-new-york-tq4m724qnxd7) — New York, NY
- [Software Engineer](https://feeny.ai/job/software-engineer-modernfi-new-york-3pwqr47jpkds) — New York, NY
- [Platform Engineer](https://feeny.ai/job/platform-engineer-modernfi-new-york-588z56yxkvfw) — New York, NY
- [Strategic Client Solutions](https://feeny.ai/job/strategic-client-solutions-modernfi-new-york-j22168g3agc9) — New York, NY
- [Engineering Manager](https://feeny.ai/job/engineering-manager-snowflake-menlo-park-hcb2t29d5htr) — Menlo Park, CA
- [Engineering Manager](https://feeny.ai/job/engineering-manager-affinidi-singapore-1n3xw73bmpn9) — Singapore
- [Engineering Manager](https://feeny.ai/job/engineering-manager-tanium-addison-4v1n3ed9a7st) — Addison, TX / Bellevue, WA / Durham, NC / Emeryville, CA