Senior Product Manager - Lending

Novo • New York, NY

12d

About The Position

Small businesses are the backbone of the US economy, comprising almost half of the GDP and the private workforce. Yet, big banks don’t provide the access, assistance and modern tools that owners need to successfully grow their business. We started Novo to challenge the status quo—we’re on a mission to increase the GDP of the modern entrepreneur by creating the go-to banking platform for small businesses (SMBs). Novo is flipping the script of the banking world, and we’re excited to lead the small business banking revolution. At Novo, we’re here to help entrepreneurs, freelancers, startups and SMBs achieve their financial goals by empowering them with an operating system that makes business banking as easy as iOS. We developed modern bank accounts and tools to help to save time and increase cash flow. Our unique product integrations enable easy access to tracking payments, transferring money internationally, managing business transactions and more. We’ve made a big impact in a short amount of time, helping thousands of organizations access powerfully simple business banking. As the Lending PM, you’ll lead Novo’s credit innovation engine. You’ll own our Merchant Cash Advance (MCA) products and explore new opportunities to expand into other lending or new, innovative credit-based offerings. You’ll combine customer insights, financial modelling, and risk management to create products that help small businesses access capital in smarter, faster ways. You’ll partner with our banking, banking operations, risk, finance, compliance, and engineering teams to deliver lending experiences that are both responsible and growth-driving.

Requirements

• 5-7+ years in product management, with a strong background (minimum 3+ years) in lending, credit risk, or capital markets.
• Familiarity with underwriting models and credit bureau and bank partner integrations.
• Experience structuring financial products with both customer and unit economics in mind.

Responsibilities

• Develop Product Vision and Strategy : Define and articulate the roadmap and vision for your product surface area, in alignment with company goals and market opportunities.
• Market Research : Perform deep customer and competitive analyses to uncover underserved needs and positioning advantages for Novo’s suite of products.
• Cross-Functional Leadership : Own end-to-end product execution, from requirements and wireframes to delivery and iteration, working closely with banking, engineering, design, compliance, finance, risk, commercial and marketing teams.
• Business Outcomes : Drive growth by defining KPIs, monitoring performance (e.g., adoption, utilization, total spend, yield, reward redemption), and continuously iterating based on insights.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed
• Number of Employees: 251-500 employees