Remitly, Inc.
Principal Business Manager, Lending Products
Remitly, Inc., Virginia, Minnesota, United States, 55792
Overview
At Remitly, we believe everyone deserves the freedom to access, move, and manage their money wherever life takes them. Since 2011, we’ve delivered secure, simple, and reliable ways to manage money for customers sending money globally. We’re not just here to move money—we’re here to move our global customers forward. We’re looking for builders, reimaginers, and global thinkers who want to work at the intersection of technology, trust, and transformation. Join over 2,800 Remitlians united by our vision to transform lives with trusted financial services that transcend borders. About the role
Principal Business Manager, Lending Products will lead the underwriting strategy for our existing and new lending products. You will report to the Head of Credit & Analytics and be a critical part of the leadership team. You will set the vision and roadmap for our lending products, define the product strategy and requirements, and oversee build and execution of our products, leading a cross-functional team and partnering with other departments and external partners. This role combines strategy, analytics and product management, requiring deep understanding of credit dynamics and analytics with product management skills. This is a zero-to-one opportunity creating Remitly's lending business from scratch. This role is based in Arlington, VA (Washington DC metro area). This is a combined strategy & analytics and product management role, where you will have to combine deep understanding of credit dynamics & analytics ability with product management skills. You Will
Be accountable for the product strategy and development of our new lending products: establishing product market fit with new lending products with economic viability; maximizing demand, conversion, and integrated lifetime Remitly value of our customers. Define and drive organizational alignment on the vision, multi-year learning agenda and roadmap for our lending product development, testing and growth efforts. Own the exploration, development and testing of different lending product structures, features and pricing; working closely with Engineering, Credit Analytics and Risk Management, Legal and Compliance, as well as external bank partners & technology providers. Open-ended line and closed end loan structures Pricing structures including membership fees, fixed fee rates, APRs Different payment frequency & term options Different customer benefits, features and experiences Own the customer and competitive research, as well as testing and analysis to maximize customer demand and conversion, reduce customer churn, while maintaining effective credit & fraud risk management and strong returns Own the product roadmap and delivery, including management of dependencies with internal and external partner organizations. Own the broader organizational updates and socialization of our product roadmap, delivery and business performance Build and lead a team of product managers and analysts that will own our lending product strategy and development; from strategic ideation, evaluation & definition of detailed intent requirements to execution & monitoring of our products. You Have
10+ years of professional experience in strategy roles 5+ years of professional experience leading product development and growth efforts for credit products 5+ years of professional experience recruiting, managing and developing teams Experience in managing development and growth for credit products Highly customer centric, always working back from the customer needs and hypotheses when creating products, or optimizing strategies. Ability to balance quantitative and qualitative considerations Bachelor\'s or master\'s degree Compensation Details.
The starting base salary range for this position is typically $164,000-$205,000. In the U.S., Remitly employees are shareholders via equity as part of total compensation. Your recruiter can share more information about medical benefits offered, as well as other financial benefits and total compensation components. Our Benefits
Flexible paid time off Health, dental, and vision + 401k plan with company matching Paid parental, medical, military and family care leave Mental Health & Family Forming Benefits Employee Stock Purchase Plan (ESPP) Continuing education and travel benefits Our Connected Work Culture
Our Connected Work Culture fosters dynamic in-person collaboration. For corporate team members, in-office expectation is at least 50% of the time monthly, typically three days a week, with managers able to set higher expectations. In-person collaboration supports team norms and business needs. Remitly is an E-Verify Employer Remitly is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.
#J-18808-Ljbffr
At Remitly, we believe everyone deserves the freedom to access, move, and manage their money wherever life takes them. Since 2011, we’ve delivered secure, simple, and reliable ways to manage money for customers sending money globally. We’re not just here to move money—we’re here to move our global customers forward. We’re looking for builders, reimaginers, and global thinkers who want to work at the intersection of technology, trust, and transformation. Join over 2,800 Remitlians united by our vision to transform lives with trusted financial services that transcend borders. About the role
Principal Business Manager, Lending Products will lead the underwriting strategy for our existing and new lending products. You will report to the Head of Credit & Analytics and be a critical part of the leadership team. You will set the vision and roadmap for our lending products, define the product strategy and requirements, and oversee build and execution of our products, leading a cross-functional team and partnering with other departments and external partners. This role combines strategy, analytics and product management, requiring deep understanding of credit dynamics and analytics with product management skills. This is a zero-to-one opportunity creating Remitly's lending business from scratch. This role is based in Arlington, VA (Washington DC metro area). This is a combined strategy & analytics and product management role, where you will have to combine deep understanding of credit dynamics & analytics ability with product management skills. You Will
Be accountable for the product strategy and development of our new lending products: establishing product market fit with new lending products with economic viability; maximizing demand, conversion, and integrated lifetime Remitly value of our customers. Define and drive organizational alignment on the vision, multi-year learning agenda and roadmap for our lending product development, testing and growth efforts. Own the exploration, development and testing of different lending product structures, features and pricing; working closely with Engineering, Credit Analytics and Risk Management, Legal and Compliance, as well as external bank partners & technology providers. Open-ended line and closed end loan structures Pricing structures including membership fees, fixed fee rates, APRs Different payment frequency & term options Different customer benefits, features and experiences Own the customer and competitive research, as well as testing and analysis to maximize customer demand and conversion, reduce customer churn, while maintaining effective credit & fraud risk management and strong returns Own the product roadmap and delivery, including management of dependencies with internal and external partner organizations. Own the broader organizational updates and socialization of our product roadmap, delivery and business performance Build and lead a team of product managers and analysts that will own our lending product strategy and development; from strategic ideation, evaluation & definition of detailed intent requirements to execution & monitoring of our products. You Have
10+ years of professional experience in strategy roles 5+ years of professional experience leading product development and growth efforts for credit products 5+ years of professional experience recruiting, managing and developing teams Experience in managing development and growth for credit products Highly customer centric, always working back from the customer needs and hypotheses when creating products, or optimizing strategies. Ability to balance quantitative and qualitative considerations Bachelor\'s or master\'s degree Compensation Details.
The starting base salary range for this position is typically $164,000-$205,000. In the U.S., Remitly employees are shareholders via equity as part of total compensation. Your recruiter can share more information about medical benefits offered, as well as other financial benefits and total compensation components. Our Benefits
Flexible paid time off Health, dental, and vision + 401k plan with company matching Paid parental, medical, military and family care leave Mental Health & Family Forming Benefits Employee Stock Purchase Plan (ESPP) Continuing education and travel benefits Our Connected Work Culture
Our Connected Work Culture fosters dynamic in-person collaboration. For corporate team members, in-office expectation is at least 50% of the time monthly, typically three days a week, with managers able to set higher expectations. In-person collaboration supports team norms and business needs. Remitly is an E-Verify Employer Remitly is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.
#J-18808-Ljbffr