Principal Product Manager, Financial Products

Faire; Toronto; Hybrid; CAD 361,000 - 496,000; Full time

Job summary

Faire, a technology wholesale platform, is seeking a Senior Product Manager for its financial products. You will own strategy for Faire Pay, net terms, brand financing, and future offerings, guiding a multi-year roadmap and ensuring financial discipline.

You will expand retailer adoption, optimize activation and retention, and collaborate with Finance, Risk, Legal, Data Science, and Engineering to scale responsibly. Strong communication to execs is essential.

Qualifications

• 10+ years of product management experience with cross-functional ownership.
• Built and shipped financial products (credit, lending, payments, BNPL) and understand mechanics (underwriting logic, cost of capital, credit risk, margins, regulatory constraints).
• Fluent in unit economics and able to model payback periods and structural advantages.
• Strategic thinking with hands-on execution: write PRDs, drive sprint-level work, unblock teams.
• Customer and business-model empathy for retailers and brands and their cash flow cycles.
• Proven ability to influence executives and align diverse stakeholders while maintaining momentum.
• B2B marketplace experience is a strong plus, especially two-sided dynamics.

Responsibilities

• Own strategy and roadmap for Faire's financial products, shaping multi-year direction and a financially grounded roadmap.
• Drive Faire Pay adoption and marketplace impact across the funnel and ensure financial products are a growth lever.
• Own the unit economics: margins, cost of capital, loss rates, and payback periods; optimize interchange.
• Partner across Finance, Risk, Legal, Data Science, and Engineering to earn trust and move complex initiatives forward.
• Build infrastructure for scale: data, risk frameworks, and regulatory-compliant foundations for underwriting logic and product growth.
• Communicate complex topics clearly to engineers and senior leadership across levels.

Skills

Product management

Financial products

Credit risk

Underwriting logic

Cost of capital

Regulatory constraints

Unit economics

Executive communication

Cross-functional leadership

Strategic thinking

Job description

About Faire

Faire is a technology wholesale platform built on the belief that the future is local. Independent retailers around the globe collectively represent a multi-hundred-billion-dollar wholesale market that has historically been fragmented and offline. At Faire, we're using the power of tech, data, and machine learning to connect this thriving community of entrepreneurs across the globe. Picture your favorite boutique in town — we help them discover the best products from around the world to sell in their stores. With the right tools and insights, we believe that we can level the playing field so businesses can grow and local communities can thrive.

About This Role

Faire's financial products are among the most powerful and differentiated value props we offer — and among the most consequential for both sides of our marketplace. We extend net‑60 and net‑90 payment terms to retailers on behalf of brands, offer the Faire Pay credit card with 3% back on purchases, and are actively building brand financing. These products do something our partners simply cannot do on their own: absorb risk, deploy capital efficiently, and unlock purchasing behavior that drives growth across the platform.

What you’ll do

• Own strategy and roadmap for Faire's financial products. Set the multi-year direction for how Faire Pay, net terms, brand financing, and future financial products evolve, and build the prioritized, financially grounded roadmap to get there.
• Drive Faire Pay adoption and marketplace impact. Expand the invited retailer cohort, improve activation and retention across the funnel, and demonstrate that financial products are a meaningful growth lever for the core marketplace, not just a standalone offering.
• Own the unit economics. Think in contribution margin, cost of capital, and payback periods. Optimize interchange, manage loss rates, and identify where structural advantages exist versus where we need to earn our way in.
• Partner deeply across Finance, Risk, Legal, Data Science, and Engineering. Earn trust across functions, lead without authority, and keep complex, multi-stakeholder work moving without losing momentum.
• Build the infrastructure for scale. Partner to develop the data infrastructure, risk frameworks, and operational foundations needed to grow financial products responsibly, from underwriting logic to regulatory compliance.
• Communicate clearly at every altitude. Translate complex, technical topics (cost of capital, credit risk, underwriting tradeoffs) for a wide range of audiences, from engineering partners to senior leadership.

Qualifications

• 10+ years of product management experience, with demonstrated ability to own complex, cross‑functional products end to end.
• You've built and shipped financial products — credit, lending, payments, BNPL, or similar — and you understand the mechanics: underwriting logic, cost of capital, credit risk, contribution margin, and regulatory constraints. You don't need to be a finance expert, but you need to be able to lead the room.
• Business equation fluency. You think comfortably in unit economics. You can model whether a new product makes sense given Faire's cost of capital, estimate cohort-level payback periods, and identify structural advantages worth betting on.
• Strategic clarity with hands‑on execution. You can zoom out and develop a defensible multi‑year point of view, then zoom back in to write crisp PRDs, drive sprint‑level execution, and unblock your team.
• Customer and business model empathy. You deeply understand how retailers and brands run their businesses — their cash flow cycles, how they think about credit and payment terms, and what makes them trust a financial product. You design around customer needs, not just what's technically feasible.
• Cross‑functional influence across Finance, Risk, Legal, Data Science, and Engineering, and a track record of aligning diverse stakeholders while maintaining momentum.
• Structured problem solving. You break ambiguous problems into clear hypotheses, don't mistake activity for progress, and diagnose root causes rather than elevate.
• High learning velocity. Financial products sit at the intersection of marketplace dynamics, risk, and regulatory complexity.
• Proven ability to influence at the executive level and to communicate complex topics with clarity and conviction across audiences.
• B2B marketplace experience is a strong plus — particularly familiarity with two‑sided dynamics, competing customer objectives, and the structural differences between B2B and consumer credit.

Salary Range

San Francisco, CA/New York City, NY: The pay range for this role is $260,000 - $357,500 per year.

This role will also be eligible for equity and benefits.

Hybrid Faire employees currently go into the office 3 days per week on Tuesdays, Thursdays, and a third flex day of their choosing (Monday, Wednesday, or Friday). Additionally, hybrid in‑office roles will have the flexibility to work remotely up to 4 weeks per year. Specific Workplace and Information Technology positions may require onsite attendance 5 days per week as will be indicated in the job posting.

Why you’ll love working at Faire

• Move fast: You'll own meaningful problems that serve customers around the globe with the agency to move fast and see your results clearly.
• Equipped to scale: We invest in what matters, including the latest enterprise AI tools, to help you work smarter and get more out of every day.
• Best in class: Our team is full of sharp, kind, and generous colleagues who care about their craft and about helping you grow in yours.
• Real rewards. Competitive pay, equity, and comprehensive benefits designed to support your life inside and outside of work.
• Belonging: We're intentional about building an environment where every Faire employee has equal access to opportunities, growth, and success.

Faire was founded in 2017 by a team of early product and engineering leads from Square. We’re backed by some of the top investors in retail and tech including: Y Combinator, Lightspeed Venture Partners, Forerunner Ventures, Khosla Ventures, Sequoia Capital, Founders Fund, and DST Global. We have headquarters in San Francisco and Kitchener‑Waterloo, and a global employee presence across offices in Toronto, London, and New York. To learn more about Faire and our customers, you can read more on our blog.

Faire provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, disability, genetics, sexual orientation, gender identity or gender expression.

Faire is committed to providing access, equal opportunity and reasonable accommodation for individuals with disabilities in employment, its services, programs, and activities. Accommodations are available throughout the recruitment process and applicants with a disability may request to be accommodated throughout the recruitment process. We will work with all applicants to accommodate their individual accessibility needs. To request reasonable accommodation, please fill out our Accommodation Request Form (https://bit.ly/faire-form)

Privacy

For information about the type of personal data Faire collects from applicants, as well as your choices regarding the data collected about you, please visit Faire’s Privacy Notice (https://www.faire.com/privacy)