Senior Product Manager, Betterment
Custody
$140-165k
+ Equity + Variable compensation in the form of a discretionary company incentive bonus
3 days a week in office
Banking and investment app
Job no longer available
Banking and investment app
501-1000 employees
Job no longer available
$140-165k
+ Equity + Variable compensation in the form of a 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
- Product management experience at a financial services or financial technology company with a focus on back-end systems and applications preferred
- Familiarity with financial operations, such as corporate actions, dividends, and cash/position reporting
- Strong analytical abilities with a passion for data inspired decision making
- Self-starter and demonstrated success at communicating, prioritizing, and balancing needs cross-functionally
- Obsessive attention to detail and strong organization skills in a fast-paced environment
- Ability to build strong relationships across functions within an organization
- Creative problem solving skills that balance the regulatory realities and innovation
- Ability to think abstractly about back-end builds and how that will translate into a customer experience
- Be able to construct narratives that help the organization see the long term vision of the platform
What the job involves
- As a Product Manager on our Custody team, you’ll be responsible for executing against and helping to shape the product roadmap for a Custody platform that manages over $50 billion in client assets across three lines of business
- You will also be accountable for ensuring the team’s priorities fulfill the broker-dealer’s multiple mandates:
- Enable Growth - We must enable our business lines to ship new revenue-generating products that delight our customers
- Maximize Efficiency - We strive to make our software better and build automation to prevent mission-critical teams from doing repetitive, manual workflows
- Minimize Risk - Our clients have trusted us with their savings and the durability of our systems need to reflect that responsibility
- You will be expected to navigate multiple concurrent projects from a high level and able to also quickly dive into the weeds with engineers as needed to address technical, project-specific roadblocks
- You’ll need to roll up your sleeves and shoulder-to-shoulder with both highly technical and non-technical teams across the organization throughout the entire product development lifecycle
- You’ll need to prioritize effectively in order to ensure that our Custody team is delivering on the most important business objectives while also strengthening Betterment’s foundation as a trusted financial institution
- Understand the financial pain points that Americans in our target market experience on a regular basis, and serve as their advocate when making back-end decisions that impact their front-end experience
- Assist in the creation and execution of the Custody product strategy as it relates to the back-end record keeping and money movement systems, core to the Custody domain
- Partner with front-end product managers to help shape the product requirements with respect to the Custody build and actively participate throughout its development lifecycle
- Attend standups, planning meetings, and retros to support the Custody engineering team where needed
- Coordinate with Operations teams to navigate complex client situations, often involving asset transitions and corporate action processing
- Work closely with Technical Program Managers to unblock or drive all phases of the software development cycle
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
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
Few candidates hear
back within 2 weeks
-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 values
- Pursue happiness
- Start with the customer
- Build relationships beyond the task
- Own it and lead it
- Iterate to breakthrough
- Embrace efficiency
- Create enduring quality
Company HQ
Flatiron District, New York, NY
Articles
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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