The Novo Group

Product Manager, Banking

The Novo Group$120K — $150K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • 7+ years of experience in product management, especially in fintech or related fields.
  • Track record of delivering reliable, customer-facing financial products in regulated environments.
  • Strong understanding of banking fundamentals, focused on accounts and money movement.
  • Proven skills in partnering with cross-functional teams, especially Engineering and Design.
  • Ability to analyze product and cohort data effectively, distinguishing between conclusive and directional data.
  • Experience managing risk, compliance, and legal considerations in product development.
  • Strong communication skills for engaging both technical and non-technical stakeholders.

Responsibilities

  • Own the strategy and execution for Novo's core banking products, focusing on customer needs.
  • Develop clear product perspectives to effectively target small business segments.
  • Act as a key liaison with company executives, prioritizing banking initiatives based on insights.
  • Oversee the complete experience of money movement processes, ensuring high reliability and user engagement.
  • Lead the discovery process using data-driven insights to identify impactful product opportunities.
  • Write detailed specs and define success metrics in collaboration with teams to deliver quality features.
  • Ensure compliance with regulatory standards and integrate risk management into the product lifecycle.

Benefits

  • Opportunity to work at a rapidly growing fintech startup influencing small business banking.
  • Collaborative work environment with cross-functional teams and executive partnership.
  • Focus on continuous learning and improvement in a fast-paced startup atmosphere.
  • Engagement with leading banking partners and third-party vendors to drive product success.
Full Job Description
Role Description

Novo is seeking a highly experienced and motivated product manager to own and scale our core banking experience - the accounts, money movement, cards, and program infrastructure that power banking for over 250,000 small businesses. This role is critical to ensuring the reliability, usability, and depth of the products at the heart of Novo, supporting our rapidly expanding customer base and business operations. The ideal candidate is a hands-on product leader who can set product direction for complex, regulated financial products, partner closely with Engineering, Design, Risk, and Compliance, and work hand-in-hand with banking partners to ship reliable, secure, high-quality experiences within a dynamic, regulated fintech environment.

Responsibilities
Product Strategy & Leadership
  • Own the strategy, roadmap, and execution for Novo's core banking products, including deposit accounts, money movement, cards, and the underlying program infrastructure.
  • Develop a clear point of view for each product - defining who it serves, what value it delivers, and why it resonates - so Novo serves the right small businesses deeply rather than building for everyone and no one.
  • Serve as a key product partner to the executive team, translating company objectives and customer insight into a prioritized banking roadmap.
  • Balance near-term delivery with the platform and product depth investments needed to support long-term growth and retention.
Banking Products & Money Movement
  • Own the end-to-end experience for account opening, funding, deposits, and money-movement flows (ACH, wires, transfers, bill pay, and card transactions), partnering with Engineering on the ledger, payments rails, and card systems beneath them.
  • Define and improve the products that drive deposits, money storage, and money movement, deepening engagement and increasing the number of Novo products each customer uses.
  • Partner with the team to evaluate and improve partner-bank and program economics, ensuring the products we ship are both valuable to customers and sustainable for the business.
  • Translate complex regulatory, banking-partner, and operational requirements into intuitive, simple experiences for small business owners.
Discovery, Execution & Quality
  • Run a rigorous discovery process grounded in customer research, usage data, and cohort analysis to identify the highest-impact opportunities across the banking experience.
  • Favor rigorous, cohort-based analysis over surface-level correlation when evaluating performance and prioritizing investment, while staying comfortable acting on directional data when speed and urgency demand it.
  • Write clear specs, define success metrics, and partner with Engineering and Design to ship reliable, secure, high-quality features on a predictable cadence.
  • Monitor product performance and key metrics, distinguish signal from noise, and drive timely iteration when results diverge from expectations.
Reliability, Risk & Compliance
  • Partner with Engineering, InfoSec, and Operations to ensure banking products meet the reliability, availability, and data-integrity bar required in a regulated financial environment.
  • Embed risk, fraud, security, and regulatory requirements into the product process from the start, partnering with Risk, Compliance, and Legal to ship products responsibly.
  • Support the reporting and product controls required by banking partners, regulators, and internal stakeholders.
  • Treat trust as a first-class product requirement, recognizing that banking and financial products demand a higher threshold of trust than any consumer app.
Cross-Functional Partnership
  • Partner closely with Engineering and Design leadership to align on roadmap, scope, and sequencing, and to turn product strategy into reliable delivery.
  • Collaborate with Growth, Marketing, Operations, and Finance to set targets, track KPIs, and translate strategy into operating plans.
  • Manage product relationships and integrations with banking partners and key third-party vendors, navigating the technical and regulatory requirements inherent to a fintech company.
  • Communicate effectively with technical and non-technical stakeholders, from individual contributors to the executive team and board.
Strategic Planning & Execution
  • Contribute to strategic planning for future product needs and the broader company roadmap.
  • Define and track the product metrics that matter, including activation, engagement, retention, multi-product adoption, and reliability, holding the organization accountable to outcomes.
Minimum Qualifications
  • 7+ years of progressive experience in product management, with experience owning complex, technical, or platform products (preferably in fintech, financial services, banking, or payments).
  • Demonstrable track record of shipping reliable, customer-facing products in a high-growth, regulated environment, ideally involving money movement, payments, cards, deposits, or other financial infrastructure.
  • Strong understanding of banking and fintech fundamentals, including how accounts, money movement, cards, deposits, and partner-bank and program infrastructure work together.
  • Proven ability to partner with and influence Engineering and Design, write clear specs, and ship high-quality software on a predictable cadence.
  • Strong analytical skills and fluency with product and cohort data, with the judgment to know when data is conclusive versus directional.
  • Experience working with Risk, Compliance, and Legal to ship products within regulatory constraints, and a track record of treating security, trust, and reliability as core product requirements.
  • Strong product sense and the ability to give products a clear point of view and value proposition for a defined customer.
  • Proven ability to manage complex cross-functional initiatives and communicate effectively with technical and non-technical stakeholders, including leadership.
  • Strong problem-solving skills and a proactive, data-driven approach to product.
  • Ability to thrive in a fast-paced, evolving startup environment.
  • Bachelor's degree required; advanced degree or relevant technical background preferred.

Similar Jobs

More Jobs at The Novo Group

More Finance & Insurance Jobs

Find similar Product Manager, Banking jobs: