Software Engineer

Monark Markets is a B2B2C, API forward infrastructure platform that enables traditional brokerage platforms and clearing firms to offer their clients and investors access to alternative assets, directly from their existing brokerage accounts alongside other investable products like public stocks, bonds, and options. Since launching our POC integration 5 months ago with our first couple brokerage platform partner, Monark has processed $12 million dollars in transaction volume, generated $500,000 in revenue - and we’re just getting started.

Despite their significance, alternative investments remain underutilized by individual investors. On average, only about 1% of retail investor dollars are allocated to alternatives, while institutions allocate 20% or more. Monark allows individual investors to buy and sell shares of alternative assets with the same look and feel as investing in public stocks. We’re committed to democratizing access to alternative investments by bringing down investment minimums, helping our brokerage platform partners create a fully embedded, in-app investment experience, and ultimately changing the way that people invest.

Monark’s product is ready for integration via REST API integration, allowing brokerage platforms to begin offering their users a fully embedded marketplace of investment-ready alternative assets, all within a matter of weeks. We are in production with two platforms, have completed integrations with a handful more, and have a deep pipeline of platforms looking to integrate. Monark’s APIs handle the entire lifecycle of facilitating a private investment, including providing market data, facilitating money movement, embedded document signature flows, and more - completely abstracting away the complex workflows associated with investing in alts and packaging them into a single concise, easy to use set of APIs.
 

About the role

We’re looking for a hands-on Software Engineer to join our team and assume responsibility for three core functions. First, we’re looking for a talented backend engineer to continue to build and iterate on our core API product, which will include working directly alongside Monark’s strategic partners to integrate our product into their existing systems. Second, we’re looking for someone that can help Monark expand our product into additional asset classes. As Monark scales, you’ll lead the ideation and architecture of our system as we move from pre-IPO company investment, to real estate, art, managed funds, and more. You will synthesize information gathered from our brokerage/wealth platform and clearing firm partners, as well as internal stakeholders to help deliver the tech-driven solutions that will solidify Monark as the single, central hub for facilitating broad access to alternative assets. Finally, we’re looking for someone who is comfortable communicating directly with clients and external stakeholders, taking a hands-on approach in Monark build the future of private markets.

You’ll work directly alongside multiple teams within Monark, including our sales, product, and compliance departments.

Responsibilities:

• Iterate on and enhance our core API product, including delivering technical documentation to help create a developer friendly, intuitive integration guide.
• Establish integration systems and train Monark engineering team members on how to handle integrations with partners from a technical standpoint. This will include drafting internal and external integration playbooks.
• Work directly with the founders to understand evolving business requirements and deliver technical solutions effectively and quickly. We take great pride in collecting feedback from our brokerage platform clients and delivering high quality solutions extremely quickly.   
• Continue to add third party integrations, including more market data providers, fund administrators, additional sources of supply, and more.
  
   

Qualifications:

• Experience working in fintech, ideally with startup experience.
• Nice to have: proficiency in Dotnet 8/C#
• Nice to have: experience Next.js (React)/TypeScript
• Player-coach, willing and able to assume both IC and managerial responsibilities.
• Willingness and openness to adapt to quickly changing business needs.
• Results oriented team member, driven by positive outcome.
• Heavy index towards action - a desire to build and ship simple solutions that work, very quickly.
• An exceptional standard for output and efficiency - both for yourself and team members.

Compensation:

The cash compensation for this role ranges between *$150,000 - $200,000, and equity compensation ranging from .25% - 1.00%. Actual compensation may vary depending on years of experience, skillset, and other factors on a per-candidate basis.

• Benefits (PTO, health insurance, work location flexibility, etc)
• Standard benefits: healthcare, dental, vision, etc
• Impact: As an early employee building the next phase of capital markets alongside a world class team, your work will be crucial in defining the future of Monark, working directly with the founders on a daily basis.