Group Product Manager, Betterment
Investing
$170-195k
+ Variable Compensation + Discretionary Company Incentive Bonus
3+ days a week in office
Banking and investment app
Open for applications
Banking and investment app
501-1000 employees
Open for applications
$170-195k
+ Variable Compensation + Discretionary Company Incentive Bonus
3+ days a week in office
501-1000 employees
Company mission
To make people’s lives better.
Role
Who you are
- Deep expertise in and passion for investments and personal finance
- Familiarity with concepts like modern portfolio theory, sharpe ratios, and risk-adjusted returns
- Comfortable working with a range of asset classes (equities, fixed income, alts, derivatives) to deliver innovative solutions to our clients
- Understanding of tax strategies, including tax-advantaged accounts, tax-loss harvesting, and tax-exempt investments, to improve client outcomes
- Strong storytelling skills to distill advanced investment concepts into accessible information for partner organizations and clients
- 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
- MBA or similar preferred
What the job involves
- Betterment’s mission is to empower people to make the most of their money so they can live better
- As the Product Leader for our Investing Experience and Asset Management teams, you will shape and expand our suite of investment options for retail investors, independent RIAs, and 401(k) plans
- You’ll develop and enhance tools that help clients select, manage, and track their investments
- This domain is central to our business, stewarding $55 billion in client assets across investment options that reflect our commitment to trust and transparency
- In this player/coach role, you’ll lead Product Managers and directly oversee an engineering squad, managing multiple high-impact projects while delving into technical details as needed
- Working closely with engineers and cross-functional teams, you’ll clear roadblocks and drive solutions through the product lifecycle
- You will help create a financial services experience that builds trust and empowers our clients to make the most of their money
- Oversee product teams responsible for our investment strategies and portfolio technology, which are fundamental to our role as a wealth manager for clients
- Partner closely with our investing SMEs to bridge their portfolio expertise with the software that delivers those portfolios to nearly a million clients
- Deeply understand our target clients, championing functionality that enriches their investing experience and drives business value
- Lead the multi-year investing roadmap, identifying new investment strategies, asset classes, or account capabilities that we should offer in order to better serve our clients
- Balance the needs of investors across all three lines of business: retail clients, advised clients, and 401(k) participants
- Support engineering teams during standups, planning meetings, and retros
- Develop success metrics for your product area, create tracking plans, and clearly communicate how prioritized work impacts those metrics
- Collaborate with Operations teams to navigate complex client situations, including asset transitions and corporate action processing
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
-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
- Health and wellness: Get comprehensive medical, dental, and vision, plus a free subscription to One Medical.©
- Generous time off: We encourage you to take time off (seriously) and get the rest you need to do your best work.
- Paid parental leave: We welcome new additions to your family with 12-18 weeks of parental leave.
- Matching benefits: We offer a 401(k) match and a match on qualified student loan payments
- Equity: Gain stake in Betterment’s success with company equity grants.
- Free food: Snacks, beverages, and catered lunches at our NYC HQ
- Long-term health resources: We provide LGBTQIA+ transition and fertility support.
- Find your community: Make connections through seven employee affinity groups and a social calendar of hybrid events.
Company HQ
Flatiron District, New York, NY
Leadership
Jonathan Stein
(Board Member)After studying Economics at Harvard, Jonathan worked as a Consultant at First Manhattan Consulting Group for over 4 years. He founded Betterment in 2007, serving as CEO until 2020 when he stepped down to Chairman of the Board.
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