Varo Bank is hiring a
Business Analytics and Development Consultant

Summary

Join Varo Bank as a Business Development and Strategy Expert to evaluate opportunities to enhance consumer banking and payment services, analyze data, build financial models, and develop strategic decks.

Requirements

• Payments Industry Expertise
• Deep understanding of financial and technical aspects of debit and credit payments, specifically interchange revenue as well as cost lever
• Retail banking and consumer products experience with focus on, including digital banking, checking, and savings
• Quantitative Analysis: Proficient in building advanced financial models and performing detailed forecasting and sensitivity analysis for product and payments decisions and optimizations
• Strategic Deck Production: Producing high-quality strategic presentations, making recommendations based on data analysis, and effectively communicating insights as proposals to senior stakeholders as well as the wider bank
• Technical Proficiency: Advanced skills in SQL for data extraction, Tableau for data visualization, and Excel for financial modeling
• Business Development Focus: Strong commercial focus on maximizing revenue and enhancing customer experience through product and service enhancements
• Strategy Consulting Experience: Prior Experience in strategy consulting (e.g., McKinsey, BCG, Bain) is a big plus, particularly deep exposure to the financial services and payments sectors with knowledge of the consumer fintech space
• Hands-on Approach: Willingness to roll up sleeves and dive deep into working with data, perform detailed analysis, and translate findings into strategic recommendation proposals

Responsibilities

• Evaluate opportunities to enhance Varo Bank’s consumer banking and payment services with a focus on commercial impact and customer value
• Analyze data and build sophisticated financial models and conduct in-depth quantitative analysis to influence product and service enhancements
• Analyze payments products with a focus on interchange dynamics, including revenue drivers and cost factors affecting profitability
• Develop deep insights into interchange economics and their impact on Varo’s overall financials, identifying opportunities to optimize revenue and cost of interchange at the utmost detailed level
• Collaborate with cross-functional teams to align payments and banking strategies with more granular commercial goals
• Produce strategic decks to communicate analysis, insights, and recommendations to senior leadership, ensuring compelling and data-driven storytelling
• Extract and analyze raw data using SQL and Tableau to provide actionable insights for product and business decisions

Benefits

$50 - $75 an hour