Senior Product Manager, Banking Platform

SoFi; New York (NY); On-site; USD 120,000 - 160,000; Full time

Job summary

SoFi is seeking a Senior Product Manager to lead product development in the Bank & Payments domain. This role involves collaborating with cross-functional teams to enhance product offerings while managing compliance and risk. A successful candidate will bring strong product management experience and a passion for empowering customers through innovative financial solutions.

Qualifications

• 5+ years of experience in product management.
• Experience in Fintech, banking, and payments is preferred.
• Strong communication and leadership abilities.

Responsibilities

• Lead product development from ideation to launch.
• Manage product launches with targeted go-to-market strategies.
• Define product strategy and metrics for success.

Skills

Product management

Collaboration

Strategic thinking

Data analysis

Education

Bachelor’s degree or higher in a technical discipline

Job description

Employee Applicant Privacy Notice

Who we are:

Shape a brighter financial future with us.

Together with our members, we’re changing the way people think about and interact with personal finance.

We’re a next-generation financial services company and national bank using innovative, mobile-first technology to help our millions of members reach their goals. The industry is going through an unprecedented transformation, and we’re at the forefront. We’re proud to come to work every day knowing that what we do has a direct impact on people’s lives, with our core values guiding us every step of the way. Join us to invest in yourself, your career, and the financial world.

The Role:

We are seeking an experienced, collaborative product manager to drive new product development in our Bank & Payments domain. This role requires a combination of banking and payments expertise, strategic product thinking, and a passion for results while managing risk and regulatory obligations.

The Senior Product Manager will thrive in a highly entrepreneurial and collaborative environment. You will work closely with cross-functional teams to define and execute on our product roadmap, focusing on your bank and payments knowledge to enable new SoFi products. Your objectives will be directly linked to business metrics such as revenue, operational efficiency, cost, customer acquisition, and retention.

This role is inherently cross-functional. You will work closely with engineering, design, data science, marketing, operations, finance, risk, legal, compliance, AML, and executive teams to set business objectives, define product strategy, prioritize features, and launch new products.. You’ll play a critical role in bridging the technical and business worlds to drive profitable business growth while managing risk.

What you’ll do:

• Lead product development: Lead cross-functional teams to build products from ideation to launch supported by the bank, including conducting market research, defining product requirements, developing product roadmaps, and overseeing product design and development.
• Manage product launches: Oversee product launches, including developing go-to-market strategies, coordinating with marketing, and ensuring successful product adoption.
• Be execution and outcome driven on a daily basis while balancing the long-term strategic vision.
• Define product strategy that drives new product development through our bank, contributing to revenue and member growth.
• Create and evangelize a product vision and own a multi-year product roadmap, including prioritizing and driving backlogs for launch with your dedicated engineering teams.
• Clearly outline and understand the risk management and compliance requirements for the business line and partner with risk, legal, and compliance teams to manage the business within our risk appetite.
• Work with the full cross-functional team (marketing, product, design, engineering, compliance, risk, AML, finance and operations) for your line of business & initiatives, to help execute on the strategic vision.
• Provide product expertise: Act as the subject matter expert on your product, staying up to date on industry trends and best practices, and providing guidance to other teams.
• Define and measure product success: Establish product success metrics and regularly monitor product performance against those metrics, making adjustments as needed.
  
  
  

What you’ll need:

• 5+ years of experience in product management
• Ability to both create and execute on product strategy with clear objectives.
• Experience in the Fintech, banking and payments spaces.
• Ideal candidates will have knowledge of bank sponsorship models, commercial banking, and settlement and reconciliation processes.
• Ability to operate cross-functionally, leading and influencing colleagues, and ultimately leading to timely tactical decision making to advance our objectives.
• Flexible and collaborative approach to problem solving and ideation.
• Superior communication skills, written and verbal. Experience presenting to leadership.
• Deep curiosity for how complex (financial) systems work, and an ability to internalize and analyze this information quickly.
• A blend of demonstrated business, product management, and execution skills.
• Experience delivering quality software that solves business and user needs.
• Data-driven approach and excellent analytical skills.
• Passion for your full breadth of customers! You do right by them, always.
• Bachelor’s degree or higher with a technical discipline.
  
  
  

Preferred:

• Experience with commercial/corporate banking fundamentals: ex regulatory bodies, account designations, bank sponsorship, settlement and reconciliation
  
  
  

Compensation And Benefits

The base pay range for this role is listed below. Final base pay offer will be determined based on individual factors such as the candidate’s experience, skills, and location.

To view all of our comprehensive and competitive benefits, visit our Benefits at SoFi page!

SoFi provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion (including religious dress and grooming practices), sex (including pregnancy, childbirth and related medical conditions, breastfeeding, and conditions related to breastfeeding), gender, gender identity, gender expression, national origin, ancestry, age (40 or over), physical or medical disability, medical condition, marital status, registered domestic partner status, sexual orientation, genetic information, military and/or veteran status, or any other basis prohibited by applicable state or federal law.

The Company hires the best qualified candidate for the job, without regard to protected characteristics.

Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records.

New York applicants: Notice of Employee Rights

SoFi is committed to embracing diversity. As part of this commitment, SoFi offers reasonable accommodations to candidates with physical or mental disabilities. If you need accommodations to participate in the job application or interview process, please let your recruiter know or email [e-mail].

Due to insurance coverage issues, we are unable to accommodate remote work from Hawaii or Alaska at this time.

Internal Employees

If you are a current employee, do not apply here - please navigate to our Internal Job Board in Greenhouse to apply to our open roles.