Vault names social entrepreneur as Chief Operating Officer

by vault | Aug 21, 2018


Vault (formerly known as Student Loan Genius), an employee benefits platform that positions companies to recruit and retain top talent by enabling them to repay employee student loan debt, announced today the appointment of Romy F. Parzick as Chief Operating Officer (COO).

“Parzick’s expertise combined with her track record for driving social change and leveraging top talent for high-impact results makes her a key addition to the Student Loan Genius leadership team,” said Matt Beecher, Chief Executive Officer of Student Loan Genius. “We are confident her background in payments, financial services, and customer experience will make her an invaluable partner to organizations within the Student Loan Genius portfolio.”

According to the Federal Reserve, more than 44 million Americans collectively carry $1.5 trillion in student debt as of the first quarter of 2018, and that number is expected to rise to 75 million employees and $3 trillion by 2027. Today major companies like New York Life, Ralph Lauren and Mastercard offer Student Loan Genius to differentiate themselves in a competitive marketplace. Effective immediately, Parzick will assume responsibility for operational excellence across Student Loan Genius with a focus on scaling backbone operations including client relationships, customer success, new customer implementation, and end-user adoption.

“I’m excited and motivated to help lead a company with such a galvanizing mission,” said Parzick. “As educational debt continues to mushroom, employees often have to delay important investments like retirement contributions, which in turn creates greater social issues in our economy. Our platform enables our partners to attract and retain a top-notch workforce by improving the financial health of their employees.”

Prior to her appointment, Parzick led operations and client experience for the commercial division of NetSpend, a leading prepaid card provider serving consumers who do not have access to traditional bank accounts. Previous experience also includes her thought-leadership, research, and consumer advocate initiatives at the Center for Financial Services Innovation and her role as as Executive Vice President of a leading Community Development Financial Institution. Parzick holds an MBA from the Fuqua School of Business at Duke University and a bachelor of science in Industrial Management from Carnegie Mellon University. In addition, she is a Fellow with the Aspen Institute’s First Movers, a program for accomplished innovators who are creating new products and services that fuse business success with positive social and environmental impacts.


by vault | Aug 21, 2018

by vault | Aug 21, 2018

by vault | Aug 21, 2018

Student loan repayment can now be offered tax-free.
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