The posting
About Us
OpenFX is on a mission to move money as freely as data, unrestricted by time zones, banking hours, or legacy systems. We are building the infrastructure that will power the next generation of cross-border payment systems for institutions. The team's execution has been exceptional, and we're scaling at a remarkable pace. Our stellar early team comes with experience in companies like J.P. Morgan, Goldman Sachs, FalconX, PayPal, Affirm, Polygon, Kraken, Nium & others. We're backed by Accel, Lightspeed, NfX and other top-tier investors.
Role Overview
OpenFX processes billions of dollars in transaction volume every month across global corridors. Payments owns the money path itself: the corridors we move money through, the regulated obligations that come with holding licenses in the EU, and the product surface — API and GUI — through which institutions initiate, track, and reconcile payments.
This is where growth and regulation collide. The business needs new corridors — EUR, MXN, COP, AED, and more — opened fast, each with its own rails, partners, cut-offs, FX mechanics, and settlement quirks. Our EU licenses come with obligations that must be engineered, not just documented: safeguarding of customer funds, transaction monitoring, and evidence that both work continuously. And customers expect a payments product that keeps getting better — more visibility, more control, fewer surprises — across both the API and the dashboard.
Key Responsibilities
This is a new pod. You will stand it up, define its charter, and own three things end to end:
1. Corridor expansion
- Own the playbook for launching new payment corridors — EUR, MXN, COP, AED and beyond — from partner integration through pilot to general availability.
- Turn corridor launches from bespoke projects into a repeatable capability: standardized partner integration patterns, corridor configuration over code where possible, and a clear definition of "launch-ready" covering rails, cut-offs, FX, fees, returns, and reconciliation.
- Own the reliability of live corridors: settlement timeliness, failure handling, partner degradation and failover behavior, and the runbooks that keep money moving when a partner does not.
2. License operationalization (EU and beyond)
- Translate our EU regulatory obligations into running systems: safeguarding of customer funds (segregation, sweep flows, coverage reconciliation, and the controls around them) and transaction monitoring (rules, alerting, case handoff to compliance).
- Build for evidence: every control your systems enforce must produce an audit trail that satisfies regulators, auditors, and partners without a scramble.
- Partner with Compliance and Legal to negotiate scope and sequencing — you shape how obligations become engineering requirements rather than absorbing them wholesale.
3. Payments product
- Own the payments product surface across API and GUI: payment initiation, quoting, tracking, statuses and webhooks, returns and recalls, reporting, and the dashboard experience for operations and finance users at our customers.
- Ship product features weekly with the discipline the money path demands: idempotency, exactly-once effects on ledgers, backward-compatible API evolution, and rollout strategies with exercised rollbacks.
Across all three:
- Run the Payments pod of roughly 8 to 15 engineers and QA, with a Tech Lead reporting to you. You own the roadmap, the standards, and the on-call posture.
- Stay hands-on. You review designs, and you still write and ship code, debug production, and set the implementation bar by example, including the standard for AI-assisted development.
- Raise operational maturity: incident command and reporting, deployment and branch hygiene, delivery metrics that measure production reality, and alerting that catches money-path problems before customers or regulators do.
- Hire and grow the team: close open roles, grow your Tech Lead, run 30-60-90 ramps, keep on-call sustainable, and act on performance early.
What We Are Looking For
Must-haves:
- EM-level scope: 2 or more years managing a full team of 5 or more, with a Tech Lead or senior IC reporting in, on top of a strong backend IC track record.
- Still writes code. You can design an API, model a schema, and produce idiomatic, runnable, tested code. Design fluency without hands-on ability is not enough at this level.
- Has built or operated payment systems in production: payment orchestration, ledgers, settlement, or reconciliation, with a working grasp of failure modes on the money path — duplicates, partial failures, cut-off misses, stuck settlements.
- Has integrated banking, payment, or FX partners and lived through the messy reality: sandbox-vs-production drift, certificate and credential churn, partner outages, and degraded-mode operation.
- Deep on distributed systems correctness where money is involved: idempotency, exactly-once effects, concurrency, and reconciliation as a first-class design concern.
- Has worked directly with compliance, risk, or regulators and can negotiate scope rather than simply absorb requirements.
- Has run a high-risk production migration or cutover — a partner switch, a ledger migration, a corridor cutover — with a rollback plan that was genuinely exercised.
- Owns on-call and incident command personally, not by delegation.
- Demonstrated hiring and performance management, including at least one underperformance case you saw through.
- High agency: operates with low oversight on ambiguous problems, in a demanding environment. Standing up a new pod means creating clarity, not waiting for it.
What helps you stand out:
- Cross-border payments: corridor launches, FX, correspondent or local rails, SWIFT/SEPA/local clearing schemes in any of our target markets (EU, LATAM, Middle East, APAC).
- Regulated EU/US fintech experience: EMI/PI or MiCAR-style obligations, safeguarding of customer funds, or transaction monitoring systems built to withstand audit.
- Multi-partner orchestration: routing across redundant partners, partner health scoring, failover on the money path.
- Product sensibility: has shipped customer-facing payments features across both API and UI, and can partner tightly with a PM on sequencing.
- Stablecoin or digital-asset settlement rails alongside fiat.
What Success Looks Like
This is a new pod, so KPIs will be locked in with you in your first 60 days. Indicatively:
- Corridor velocity: Time from "corridor approved" to "first live customer payment" drops measurably with each launch; the second corridor you ship is faster than the first, and the fourth is boring. Indicative target: new corridor live in weeks, not quarters.
- Corridor reliability: Payment success rate and on-time settlement rate per corridor are measured, published, and improving; no corridor launch causes a customer-visible incident on existing corridors.
- Safeguarding integrity: Safeguarding reconciliation runs continuously with coverage breaks detected within hours, not at month-end; zero unexplained breaks aged beyond the agreed SLA.
- Monitoring effectiveness: Transaction monitoring alerts flow to compliance with agreed latency and case-quality standards; no regulatory finding attributable to a missing or broken engineering control.
- Product delivery: Payments features ship on a weekly cadence with zero-downtime, backward-compatible releases; every risky change has a tested rollback.
- Operational maturity: Money-path incidents are detected by monitoring before customers report them, and post-incident actions stick.
- Team strength: Pod fully staffed and ramped, your Tech Lead is growing, on-call is sustainable, weak performance is addressed.
- Talent magnetism: You bring strong engineers with you and raise the bar of every loop you sit on.
Why This Role
- Impact: You own the money path itself. Every corridor you open is new revenue; every control you build is what lets the company operate in regulated markets at all.
- Ownership: Corridors, license operationalization, and the payments product are yours end to end — a rare combination of growth, regulatory, and product scope in one seat.
- Greenfield: This is a new pod. You define its charter, its standards, and its first hires.
- Learning: Hard problems at the intersection of correctness, regulation, and scale in cross-border payments.
- Access: Direct partnership with the payments PM, Compliance leadership, banking partnerships, and senior engineering leadership.
What We Offer
- Competitive salary and benefits package.
- Equity in a rapidly growing company.
- Opportunity to work in a fast-paced startup at the forefront of fintech innovation.
- Opportunity to make a significant impact on global financial infrastructure.
- Collaborative work culture with emphasis on personal and professional growth.
We are committed to building a diverse and inclusive workplace. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.
