Mercury

Head of Product - Business Banking

Mercury$289K — $362K *
Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • 10+ years of experience in banking, payments, or financial products
  • 5+ years of leadership experience managing product managers
  • Strong understanding of business banking operations including account management and payment systems
  • Experience in launching and scaling financial products in fast-paced environments
  • Proven capabilities in cross-functional leadership across diverse teams
  • Deep understanding of risk management and regulatory compliance aspects in fintech.
  • Strong analytical skills and a customer-centric approach to product development.

Responsibilities

  • Own the full P&L and strategic direction of business banking products
  • Develop AI-driven user experiences that exceed current market offerings
  • Recruit, develop, and lead a high-performing product management team
  • Drive new product development from inception to scale while optimizing existing services
  • Ensure product reliability and compliance with strict uptime and support metrics
  • Integrate product, engineering, design, and compliance teams under a unified strategy
  • Foster relationships with stakeholders to enhance product alignment and performance.

Benefits

  • Equity offerings including stock options and RSUs
  • Comprehensive benefits package
  • Competitive salary based on industry standards and updates
  • Flexible working arrangements
  • Opportunities for professional development and growth.
Full Job Description
Business Banking is the heart of Mercury. We're looking for a Head of Product to own it end-to-end: setting product strategy, leading a team of product managers, driving deposit and payment growth, and owning business performance.

*Mercury is a fintech company, not an FDIC-insured bank. Banking services provided through Choice Financial Group and Column N.A., Members FDIC.
Key responsibilities:
  • Own the P&L, strategy, and product offering: accounts, user experience, payments, new rails, and agents
  • Build AI - and data-driven user experiences at scale better than the alternatives
  • Build and scale the org: recruit and lead a high-performing PM team, instill strong build discipline, develop future leaders, and set an operating cadence and culture that drives pace and quality
  • Deepen the core account and take new products 0-1 to scale: optimize what businesses run on, and invest in new rails, capabilities, and agents so customers can focus on building their companies
  • Make reliability and trust product features: own uptime, correctness, latency, and support outcomes, and be measured on them
  • Align the banking ecosystem: bring product, engineering, design, data, risk, compliance, legal, marketing, sales, support, and partners behind one cohesive strategy
Some things that might make you successful in a role like this:
  • A leader with great product chops, commercial instinct to grow the business, and discipline to run it safely
  • A high bar for craft - leading a creative, customer-centered, data-driven and experimentation-oriented approach
  • Enthusiasm for building AI- and agent-powered products that drive spectacular customer experiences
  • Exceptional cross-functional leadership across engineering, design, risk, compliance, finance, and partners
  • 10+ years' experience, ideally in banking, payments, platforms, or financial products
  • 5+ years leading product managers: hiring, coaching, org design, and performance management
  • Command of how business banking works: account opening and KYB, deposits and liquidity, payment rails (ACH, wire, check, international, FedNow, RTP)
  • Experience launching and scaling 0-1 financial products, ideally in fintech or another high-growth environment, alongside operating a large product with real customers on it
  • Sound judgment in a regulated, risk-sensitive environment: balance a delightful experience with the controls a banking product requires, and know which corners are never worth cutting


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Total Rewards
The total rewards package at Mercury includes base salary, equity (stock options/RSUs), and benefits.

Our salary and equity ranges are highly competitive within the SaaS and fintech industry and are updated regularly using the most reliable compensation survey data for our industry. New hire offers are made based on a candidate's experience, expertise, geographic location, and internal pay equity relative to peers.

Our target new hire base salary ranges for this role are the following:

US employees (any location):

$289,700-$362,100 USD

Canadian employees (any location):

$273,800-$342,200 CAD

About Mercury

Mercury is a banking and financial services company that provides a range of products and services to individuals and businesses. Their offerings include checking and savings accounts, loans, credit cards, and investment services. The company was founded in 2000 and has since grown to become a leading player in the financial industry. Mercury's mission is to help people and businesses achieve their financial goals, and they are committed to providing excellent customer service and innovative solutions.
Learn more about Mercury
Size
5,000 employees
Industry

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