Principal Product Manager, Core Banking

About the role

SoFi is seeking an experienced Principal Product Manager to lead our Core Banking initiatives. This role is pivotal in shaping the future of our banking products, ensuring they meet the evolving needs of our customers while adhering to regulatory standards. The ideal candidate will have a strong background in product management within the financial services sector, particularly in banking or fintech. This position is based in New York City and offers a competitive salary along with a dynamic work environment that fosters innovation and collaboration.

Key facts

What you'll do

• Lead the product strategy for SoFi's Core Banking offerings, ensuring alignment with the company's overall vision and goals.
• Collaborate with cross-functional teams, including engineering, design, compliance, and marketing, to develop and launch innovative banking products.
• Conduct market research and analysis to identify customer needs, competitive landscape, and emerging trends in the banking sector.
• Define and prioritize product features and requirements, creating detailed product roadmaps that guide development efforts.
• Utilize data-driven insights to inform product decisions, measure success, and iterate on product features based on user feedback.
• Act as the primary point of contact for stakeholders, providing updates on product progress and addressing any concerns or questions.
• Develop and maintain strong relationships with external partners and vendors to enhance product offerings and capabilities.
• Ensure compliance with all relevant banking regulations and standards, working closely with legal and compliance teams.
• Mentor and guide junior product managers, fostering a culture of learning and professional growth within the team.
• Prepare and present product updates and strategic recommendations to executive leadership and other stakeholders.
• Drive the adoption of agile methodologies within the product team, promoting a culture of continuous improvement and responsiveness to change.
• Stay abreast of industry developments and best practices in product management, sharing insights with the broader organization.

Requirements

• A minimum of 7 years of experience in product management, specifically within the banking or fintech sectors.
• Proven track record of successfully launching and managing banking products from conception to market.
• Strong understanding of banking regulations and compliance requirements, with the ability to navigate complex legal landscapes.
• Excellent analytical skills, with experience using data to drive product decisions and measure success.
• Exceptional communication and interpersonal skills, capable of engaging with diverse stakeholders at all levels.
• Experience working in an agile development environment, with a strong focus on collaboration and iterative improvement.
• Ability to think strategically while also being detail-oriented, ensuring that both the big picture and finer points are addressed.
• A passion for innovation and a deep understanding of customer needs in the financial services space.

Nice to have

• Experience with digital banking platforms and technologies, including mobile banking applications and online banking systems.
• Familiarity with user experience (UX) design principles and methodologies, with an emphasis on creating user-friendly products.
• Previous experience in a leadership role, managing cross-functional teams or mentoring junior staff.
• Knowledge of emerging technologies in fintech, such as blockchain, AI, and machine learning.

Skills & tools

• Proficiency in product management tools such as JIRA, Trello, or Asana for project tracking and collaboration.
• Familiarity with data analytics tools like Google Analytics, Tableau, or similar platforms for measuring product performance.
• Strong presentation skills, with experience using tools like PowerPoint or Google Slides to communicate ideas effectively.
• Understanding of financial modeling and forecasting techniques to support product business cases.

Practical notes

• This role is based in New York City, and candidates should be prepared for a hybrid work environment that includes both in-office and remote work.
• SoFi is committed to fostering a diverse and inclusive workplace; we encourage applicants from all backgrounds to apply.
• Interested candidates can apply through the SoFi careers page at the provided URL.

META

Company: SoFi

Title: Principal Product Manager, Core Banking

Listed

location: NY

New York City