Senior Product Manager, Marqeta
Spend Controls and Stand-In Processing
$118.1-173.6k
+ Equity in a publicly-traded company and an Employee Stock Purchase Program. Salary varies depending on location of applicant
Modern payment and card issuing solutions
Be an early applicant
Modern payment and card issuing solutions
501-1000 employees
Be an early applicant
$118.1-173.6k
+ Equity in a publicly-traded company and an Employee Stock Purchase Program. Salary varies depending on location of applicant
501-1000 employees
Company mission
To be the global standard for modern card issuing, empowering builders to bring the most innovative products to the world.
Role
Who you are
- You will be an experienced payments professional with a deep understanding of authorization controls, real-time transaction processing, and program management
- 5+ years in product management roles designing and delivering payment authorization and control solutions that have delighted customers and driven business growth
- Proven track record of setting vision and strategy for a product area and translating it into a roadmap with rigorous end-to-end execution
- Experience collaborating with cross-functional teams and stakeholders, with strong communication and influencing skills
- Strong written and verbal communication skills with a talent for precise articulations of customer problems for technical and business audiences
- Proficient in identifying key metrics, analyzing data, and balancing quantitative and qualitative information to make decisions
- "Roll up your sleeves" mentality to make your products and team successful, seeking root causes, assigning ownership, and driving accountability to get things done
- Creativity and customer empathy to translate features or functions into user flows, experiences, or value propositions that can generate new products
- Creativity to propose 0->1 features and solutions, working without clear direction
Desirable
- Deep knowledge of payment authorization systems, transaction controls implementation, and stand-in processing architectures
- Experience with card issuer processing platforms and authorization configurations for various program types
- Strong technical acumen, curiosity, and familiarity with new technologies, API's, programming languages, and databases
- Experience with high-volume transaction processing systems and optimizing authorization strategies for diverse use cases
- Knowledge of card network rules, authorization message specifications, and resilient payment system design
What the job involves
- Marqeta is hiring for a Senior Product Manager - Spend Controls and STIP to join the Risk, Fraud and Disputes team. As a Product Manager, you will own the Spend Controls and Stand-In Processing (STIP) solutions for Marqeta. You will be in charge of challenging the status quo and creating revolutionary transaction authorization capabilities at Marqeta
- You will strike the right balance between providing customers granular control over transactions while ensuring optimal system performance and reliability
- You will partner with a diverse set of teams including engineering, operations, risk, legal, GTM and marketing
- Define and execute a clear, actionable strategy that aligns with the company's overall growth objectives
- Lead and inspire others with a compelling product vision and roadmap, driving alignment and seeking consensus among leadership, peers, and teams
- Deeply understand the transaction authorization ecosystem, including real-time decisioning, spend controls implementation, and stand-in processing capabilities. This includes expertise in authorization velocity controls, merchant category restrictions, and program-level transaction routing configurations
- Develop highly configurable and resilient authorization solutions that balance customer control needs with system performance, addressing both sophisticated spend management requirements and failover processing scenarios. Work cross functionally to ensure optimal implementation and customer success
- Drive the adoption and optimization of Spend Controls and STIP solutions, balancing transaction approval rates, system performance metrics, and customer experience while keeping regulatory compliance and financial outcomes top of mind
- Represent Marqeta in industry events as a thought leader in transaction authorization and controls. Be an expert on the evolution of spend management solutions, stand-in processing capabilities, and resilient payment systems across different payment types
- Collaborate across customer-facing and technical teams to collect inputs for prioritization of features, including value, effort, usability, and priority
- Create well-defined Product Requirement Documents focusing on customer and business value and defining metrics to quantify success
- Deliver customer value iteratively, managing products through various launch phases and follow-on releases
- Act as technical advisor to educate and evangelize feature(s) with customers via meetings, presentations, and other forums
- Collaborate with go-to-market partners to develop product collateral, presentations, trainings, and other tools to bring products to customers and prospects
- Bring context to the team and organization on the industry and customer life cycle
- Identify critical metrics to assess success and performance of products, in ways that resonate with the business
- Your Manager: Sameer Patwary, Senior Director, Product Management
Application process
- Application submission
- Recruiter phone call
- Hiring manager video call
- Virtual “Onsite” consisting of 4-5, 45 min calls
- Offer!
Our take
Marqeta processes payments quickly, offering businesses a more straightforward way to take customer payments with its physical and virtual card solutions. The company has a string of major companies utilizing its flexible and scalable platform, including Uber, Doordash, and Square.
The company is rapidly expanding in Europe, with strong growth in processing volumes and new partnerships, including major collaborations with firms like Trade Republic. Along with the company's recent partnership with Visa and Affirm which introduces the Visa Flexible Credential, allowing users to access multiple payment methods on one card, adding convenience and flexibility.
With a focus on global growth and delivering innovative financial services, Marqeta is targeting new verticals and supporting underbanked businesses. With this aim, the company is on its way to deepening its impact in the fintech space and driving further innovation in payments.
Freddie
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (last 2 of 8 rounds)
May 2020
$150m
LATE VC
May 2019
$250m
SERIES E
Total funding: $541.3m
Company benefits
- Praise: We believe in generously recognizing each other’s talents and contributions, and sharing the goodness we see
- Health and wellness: We cover your premiums for health, dental, and vision. Plus, your pet gets his/her/its own insurance, on us
- Flexible time off: We take time to relax and recharge when needed. We have unlimited time off for most employees and encourage an average of 5 weeks per year
- Marqeta paid family leave: We support all families. We offer 12 weeks of paid leave for all new parents and up to 20 for birthing parents. We also offer 4 weeks of caregiving leave
- 401k match: We invest in your future. We’ll match 50% of your contribution and up to 6% of your salary
- Meaningful equity: As owners of the company, we’re all in this together. Full-time employees will receive equity in Marqeta
- Giving back: We recognize we’re part of a larger community and encourage employees to donate their time and expertise to organizations they support
- Monthly stipend: You’ll get an additional monthly stipend on your paycheck to help fund your daily commute, cell phone, and/or internet connectivity
- Stock discount: The Employee Stock Purchase Program allows employees to buy discounted company stock
Company HQ
Northgate - Waverly, Oakland, CA
Leadership
Jason Gardner
(Founder)Having studied at Arizona State University, they worked in Management for Benettar Marble & Granite, NetManage, and Gartner Group. They founded PropertyBridge and spent 2 years at MoneyGram before founding Marqeta in January 2010.
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