Lead Product Manager, Cleo
New Ventures
£102.5-127.7k
+ Equity
1-2 days a week in office
AI personal finance assistant
Open for applications
AI personal finance assistant
201-500 employees
Open for applications
£102.5-127.7k
+ Equity
1-2 days a week in office
201-500 employees
Company mission
To help millions of people improve their financial health, and relate to them in a way their banks never could.
Role
Who you are
- Have early stage (0-1) product experience building consumer financial products, in the investments/trading/crypto space at a start-up or scale-up, and enjoy being hands on with a cross functional team of analysts, designers, and engineers
- Able to say “no” more than you say “yes” to keep the squads focused on the most impactful priorities, but also able to communicate clearly with stakeholders and get alignment
- Work collaboratively with your product squad and involve them in strategy and decision-making
- Bring creativity into how we approach financial products. We're radically changing how people interact with and feel about their finances. This means thinking about problems in a different way, and we encourage PMs from all backgrounds to apply
- Bring energy and drive to ensure your product is successful. People would describe you as a force of nature who cares about their team
What the job involves
- As a key member of our New Ventures pillar, you will be instrumental in helping us explore and serve new user segments
- Your primary focus will be on exploring trading opportunities, specifically in investment and crypto
- You will lead the process from ideation and concept stages to validating and testing key assumptions, and ultimately designing, testing, and building an MVP that can scale if successful
- Collaborate with your cross-functional squad to generate concepts that resonate with the target audience, particularly in crypto trading
- Understand the key financial assumptions we need to test and validate to ensure that the product could be significantly revenue additive at scale
- Decide on scope and trade-offs to get MVPs out to users for the most promising concepts and ensure success criteria are established and evaluated
- Work with commercial finance, operations/partnerships to understand lead times and dependencies for scaling an MVP to a larger number of users
- Align with marketing on value props for acquiring new users to the product
- Continue to validate key assumptions as the product scales and continuously iterate on the product based on learnings
Application process
- We aim to move as fast as possible. Usually 2-3 weeks is enough time for us all to get to know each other
- Step 1: Quick phone/video call with a member of our Talent Team to find out more about your experience and why you want to work at Cleo
- Step 2: 45 minutes with the Hiring Manager - Matt Alcock, Group PM - New Ventures
- Step 3: Live product task interview, to be presented to a Product Lead and another squad member, normally a Lead Product Designer
- Step 4: 45 minutes each with two cross-functional peers from engineering, user experience, commercial or data
Salary benchmarks
Our take
People are increasingly not satisfied with the products being offered by traditional banks, which have proven slow to react to the needs of younger consumers who expect more from their everyday experiences.
Cleo was one of the first companies to make great use of chatbots that sit within Facebook's messenger app. This chatbot-first approach and Gen Z user base have given it strong virality. It now has millions of registered users, 99% of which are based in the US, leading to a decision to take a year break from the UK market to focus on its US Gen Z customers.
Its Series C funding will help the company to double down in the US, where it will make a significant increase in employee headcount, and enable Cleo to maintain and expand its service during an economic downturn.
Financial advice delivered via bots is a crowded space, so Cleo benefits from having a strong brand presence. It has gone for very bold, fun, Gen Z-focused messaging which helps it to stand out from competitors such as Emma, Plum, and Chip.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
Many candidates hear
back within 2 weeks
43% female employees
24% employee growth in 12 months
Company
Employee endorsements
Nice people
"Cleople are unmatched. The vibes, the energy, the friendships. I genuinely love my colleagues and have developed real-life friendships. I don't know..."
Funding (last 2 of 5 rounds)
Jun 2022
$80m
SERIES C
Dec 2020
$44m
SERIES B
Total funding: $137.5m
Company benefits
- 25 days of Annual leave a year + public holidays (+ an additional day for every year you spend at Cleo)
- 401k matching in the US and 6% employer-matched pension in the UK
- Online courses, £150 annual budget & internal training to level up your skills
- Regular socials and activities, online and in-person
- Online mental health support via Spill
- 1 month paid sabbatical after every 4 years with Cleo
- OpenAI Plus subscription
- Electric vehicle salary sacrifice scheme and cycle-to-work scheme
- Life assurance and income protection via AIG
- Medical insurance via Axa and Healthcare cash plan via Medicash
- Performance reviews every 8 months. Generous pay increases for high performers and high-growth team members. Equity top-ups for team members getting promoted
Company values
- Make it Happen
- Learn at Speed
- Bring Good Vibes
Company HQ
London, UK
Leadership
Barnaby Hussey-Yeo
(CEO)Data Scientist at Wonga, one of the companies that pioneered the smart use of data for loan decisions. Joined Entrepreneur First where Cleo was formed.
People progressing
Joined Cleo straight from Makers Academy in 2018, and became Technical Lead in 2021.
Diversity, Equity & Inclusion at Cleo
Annie Jackson (Head of Talent )
- We’ve set up an internal committee of truly passionate people that are dedicated to ensuring Diversity and Inclusion is embedded in how we all operate as a team. We agree on meaningful actions, and get on with implementing them. We have three main focuses right now, which are:
- 1) Improving SocioEconomic diversity across the company
- 2) Increasing the number of women in Leadership roles
- 3) More community outreach
- Check out our 2022 Diversity and Inclusion report, here: https://web.meetcleo.com/blog/cleo-diversity-equity-and-inclusion-report-2022
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