Director of Product, Betterment
Broker-Dealer
$220-250k
Senior and Expert level
New York
3 days a week in office
Automated investing & financial planning
Be an early applicant
Automated investing & financial planning
501-1000 employees
FintechB2CCryptocurrencyBankingFinancial ServicesMobile
Be an early applicant
$220-250k
Senior and Expert level
New York
3 days a week in office
501-1000 employees
FintechB2CCryptocurrencyBankingFinancial ServicesMobile
Company mission
To empower people to build wealth with confidence and ease.
Role
Who you are
- 8-12 years of product management experience leading products in complex technical domains. Prior experience in trading or investment platforms is a significant plus
- Technical fluency to engage credibly with engineers on system design, data flows, and platform tradeoffs
- Experience managing, leading, and developing a team of product managers
- Strong storytelling skills to distill complex technical concepts into accessible information for partner organizations and clients
- Comfort operating at multiple altitudes: setting multi-year platform strategy one day, unblocking a mutual fund edge case the next
- Creative problem-solving skills to deliver innovative functionality within regulatory and technical constraints
- A self-starter with proven success in launching products in collaboration with a broad set of stakeholders
- Strong analytical abilities and enthusiasm for data-driven decision-making
What the job involves
- Betterment's mission is to empower people to make the most of their money so they can live better. As Product Leader for our Broker-Dealer division (Custody, Trading, and Market Data), you'll own the foundational asset management systems behind $70+ billion in assets for more than 1 million clients
- You'll lead a team of PMs responsible for shipping new capabilities for the clients and advisors we serve, while ensuring the systems underneath them continue to run efficiently and resiliently at scale. The Broker-Dealer platform powers all three of Betterment's lines of business: retail investing, Betterment for Advisors, and Betterment at Work. You'll balance their needs on a single shared roadmap
- This is a deeply technical domain, and it requires a leader who gets into the details on topics like tax lot tracking, fee accrual, and trade aggregation, while giving their teams the strategic context behind every priority
- In this highly cross-functional role, you'll represent the critical Broker-Dealer domain to stakeholders and executives across the company, and partner closely with Legal, Compliance, Operations and Capital Markets to navigate the requirements of a highly-regulated environment. You’ll also collaborate with our team of Investing experts to develop cutting edge portfolio management capabilities
- Oversee the Product teams responsible for our portfolio management, trade execution, recordkeeping, high-yield cash and market data platforms, which are fundamental to our role as an investment manager and custodian for our clients
- Deeply understand our target clients, championing functionality that enriches their asset management experience and drives business value
- Ensure that PMs and engineers in the Broker-Dealer domain understand the business and strategic context behind their work
- Dive into the technical weeds of high-impact project efforts that require additional support and cross-functional alignment
- Use AI-driven workflows and prototyping to accelerate the product development lifecycle and enable better team velocity and collaboration
- Balance and find throughlines between the needs of investors across all three lines of business: retail clients, advised clients, and 401(k) participants
- Define and track the metrics that matter for platform health, from trade execution quality to reconciliation accuracy, and hold a high bar for operational excellence
- Communicate with conviction the Broker-Dealer’s roadmap priorities and tradeoffs to executives and stakeholders alike, translating deep technical work into business impact
- Partner with Operations leadership to ensure staff have the proper tools to manage rapidly expanding cash and brokerage systems
- Hire, manage, and develop a team of high-performing PMs
Application process
- We’ll take a few weeks to review all applications. If we’d like to spend more time with you, we’ll reach out to arrange next steps, which will include 3-4 sets of meetings with your future colleagues
- In the interview process, we’ll look to learn more about your skills, experiences, capabilities, and motivators. Many of our questions will be aimed at understanding how you might operate here at Betterment. Depending on the role, we may ask you to complete a case study exercise or technical assessments, as we want to collect a robust set of data points to better inform our decisions
- On average, it takes us around 3-5 weeks to make a hiring decision, depending on your availability and sense of urgency. As a best practice, we aim to interview at least 2-3 final round candidates before making a hiring decision. Please note that, as we usually receive an overwhelming number of applications for open positions, we’re unable to offer individual feedback during the interview process
- We recognize that interviewing for a new role is a big deal. We appreciate you considering Betterment as the next step in your career, and our Recruiting Team is here to support and advocate for you through the interview process!
Our take
Betterment is an app-based investment platform that provides personal finance data and guidance to retail users through a range of real-world data and AI analytics to deliver investment advice to customers.
The company has become the largest independent digital investment advisor in the U.S. Having expanded its 401k business, Betterment has entered the world of Crypto, partnering with Gemini to offer customized crypto portfolios and its "Crypto Investing by Betterment" platform.
Betterment has a wealth of competition in this increasingly crowded space. Other robo advisors offering similar services include Moneyfarm, Wealth Simple, M1 Finance and Personal Capital. Going forward, Betterment hopes to further distance itself from rivals as it further innovates its platform.
Freddie
Company Specialist at Welcome to the Jungle
Insights
Led by a woman
Top investors
-6% employee growth in 12 months
Company
Funding (last 2 of 7 rounds)
Sep 2021
$60m
SERIES F
Jul 2017
$70m
SERIES E
Total funding: $335m
Company benefits
- Compensation & Ownership: Competitive, benchmarked salary. Equity for everyone, including new hire, performance, and refresher grants.
- Retirement: 401(k) match from day one, including Student loan matching. Zero management fees.
- Health & Wellbeing: Comprehensive medical, dental, and vision coverage. One Medical membership. Fertility and LGBTQIA+ transition support.
- Time Away: Flexible time off. Paid parental leave for all parents. Four-week sabbatical in year six.
- In-Office Culture & Flexibility: An in-person, collaborative culture, with no required office days during the summer and winter holidays.
- Growth & Development: Free Coaching for everyone and continuous development.
- Community & Care: Chef lunches, guest speakers, company gatherings, heritage celebrations, and seven Employee Resource Groups.
- Employee Support: Dedicated benefits advocate and EAP access.
Company HQ
Chelsea, New York, NY
Leadership
Sarah Kirshbaum Levy
(CEO)Prior to joining Betterment in 2020, Sarah served as the COO for Viacom Media Networks.
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