Product Director, Varo Bank
Fraud & Identity
Fee-free online banking platform
Job no longer available
Fee-free online banking platform
201-500 employees
Job no longer available
201-500 employees
Company mission
To bring financial inclusion and opportunity to all.
Role
Who you are
- 10+ years of product management experience with a strong familiarity of platform engineering infrastructure and a proven track record of delivering outstanding products at scale
- Outstanding leadership skills; the ability to inspire team members and drive collaborative decision-making across geographically dispersed cross-functional teams
- Incredible business sense and a high degree of comfort with ambiguity, and a knack for quickly ramping on new skills and functions
- You excel in a fast-paced, dynamic environment
- Exceptional prioritization and cross-functional stakeholder management, particularly influencing compliance/legal and external partners in a highly regulated industry
- You can frame and distill complex information appropriately for different audiences and are comfortable regularly presenting to and guiding Varo’s most senior leaders
- An analytical mindset with the ability to distill and communicate complicated data to make decisions, determine roadmap prioritization, and understand and communicate customer and business impact
- Exceptional team management and organizational skills
- You’ve built and scaled cross-functional teams and processes
- A hunger to tackle complicated and impactful customer and business problems
- Experience in the fintech industry, ideally in the fraud and identity space with demonstrated knowledge of industry best practices is highly preferred
What the job involves
- Own the ideation, strategy, design, implementation, and improvement of products and infrastructure to help us build trust with our customers
- Lead a full stack development team (engineers, designers, data scientists, business operations) to ship innovative and incredible experiences at scale
- Lead product strategy, customer research, opportunity sizing, planning, scoping, and prioritization to build the highest impact products or improvements for our customers
- Structure and improve our team’s processes to enhance execution velocity, making tactical tradeoffs between business priorities and resources
- Drive effective cross-functional partnerships, constantly inspiring and influencing colleagues in legal, compliance, support, machine learning, and other product areas to deliver on goals and maximize impact
- Define the framework and metrics to measure the impact of the team; deeply understand the core drivers and monitor progress
- Manage the roadmap to deliver on this strategy, balancing short-term goals with long-term vision
- Develop the strategy for internal tools, shared systems, and processes that govern all customer engagement
Our take
The traditional banking system leaves many US citizens underserved, with some minority groups struggling to access accounts. Varo Bank is one of many companies offering no-fee, high-interest accounts, as it takes on the traditional banks - with additional features such as a rewards program and access to early paychecks.
With many young customers distrustful of traditional banks, Varo has capitalized on this sentiment and grown to serve more than 7M customers. It does have a number of competitors, including Chime and Step, and it's also in competition with established traditional brick-and-mortar banks. However, as the first consumer fintech to be granted a national bank charter in the US, the company is at the front of the fintech revolution with a path to future success.
In response to ongoing economic uncertainty, the bank implemented cost-reduction measures throughout 2022, delivering a meaningful turnaround. These actions significantly reduced its burn rate, addressing a key area of concern. Notably, a refined marketing strategy has also emerged, with Varo prioritizing customers who use the platform as their primary bank rather than simply expanding overall user numbers, putting the company in a position for more sustainable, long-term growth.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
-12% employee growth in 12 months
Company
Funding (last 2 of 9 rounds)
Feb 2026
$123.9m
SERIES G
Feb 2025
$29m
SERIES G
Total funding: $1.2bn
Company benefits
- Employee stock plan
- Mental health resources
- Volunteer time-off
- PerkSpot discounts
- Flexible time off
- Comprehensive health plans
- Parental and family leave
- Retirement savings plan
- Education stipend
Company HQ
Financial District, San Francisco, CA
Leadership
Gavin Michael
(CEO)Prior to Varo Bank, Gavin spent 5 years at Bakkt as a Senior Advisor and CEO. He was also the Head of Technology, at Citi, Head of Digital at Chase, and CIO at Accenture.
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