Principal Product Manager, Varo
Data
$160-200k
Fee-free online banking platform
Job no longer available
Fee-free online banking platform
501-1000 employees
Job no longer available
$160-200k
501-1000 employees
Company mission
To improve the financial health of our customers through better technology and total transparency.
Role
Who you are
- Bachelor's or Master's degree in Computer Science or a related field
- 8+ years of experience in Technical/Platform Product Management experience preferably in a Fintech and/or data-driven environment
- Experience delivering Data Management/Governance solutions including Data Observability with practical application to business problems
- Advanced knowledge in writing SQL to aggregate, transform, and analyze large datasets
- Experience working with AWS Data Infrastructure
- Experience working cross-functionally and seamlessly communicating with people from various roles and teams
- Proven experience using data to drive decision-making
- Ability to quickly learn and grasp banking business processes across Growth, Retail, Lending, Operations, Risk and Fraud
- Demonstrated analytics capabilities and are comfortable with using data to improve product performance
- Ability to deliver solutions that have driven tangible improvements to product usage and customer engagement
- A growth mindset and can-do/get-done attitude
What the job involves
- The Data team at Varo is growing and we’re looking for a versatile and inquisitive Product Manager with experience in data analytics and data science
- You will meaningfully engage with, partner across teams, and help solve some of Varo Bank’s most challenging and impactful data problems
- In doing these, you will also help implement best practices in data management and ensure high-quality data is available for consumption at scale across business and technology stakeholders
- Define, communicate, and execute the strategy, roadmap, and for building best-in-class data solutions and foundational data platform capabilities for our banking products
- Assess the operational excellence of data platforms at Varo
- Deliver data management/governance solutions including data observability with practical application to business problems
- Champion using ML models and real-time data processing to drive next-generation customer experiences
- Drive development of robust metrics and analytics infrastructure
- Create new capabilities to drive ease of data consumption at scale across Varo
- Work cross-functionally with other teams including analytics, data science, engineering, marketing, and product
- Manage product deliverables on key initiatives and provide transparency to executives and stakeholders
- Remove barriers and obstacles hindering the team's ability to ship
Our take
The traditional banking system leaves many US citizens underserved, with some minority groups struggling to access accounts. Varo is one of many companies offering no-fee, high-interest accounts, as it takes on the traditional banks - with additional features such as a rewards program and access to early paychecks.
With many young customers distrustful of traditional banks, Varo has capitalised on this sentiment and grown to serve more than 7 million customers. It has a number of competitors such as Chime and Step, and it's also in competition with established traditional brick-and-mortar banks. However, as the first consumer fintech to be granted a national bank charter in the US, the company is at the front of the fintech revolution with a path to future success.
In response to economic uncertainty, the bank was forced to take cost-reduction measures throughout 2022. The effect has been positive, with a drastic reduction in its burn rate, which had been a primary concern. One point of interest is a shift in marketing strategy that has seen Varo focus more on growing the number of customers using it as their main bank, as opposed to growing overall user numbers. The company also has a new tech unit named "Varo Tech".
Kirsty
Company Specialist
Insights
Few candidates hear
back within 2 weeks
-12% employee growth in 12 months
Company
Funding (last 2 of 7 rounds)
Feb 2023
$50m
LATE VC
Sep 2021
$515m
SERIES E
Total funding: $1.0bn
Company benefits
- Health, dental, vision insurance
- Free life coaching and counseling
- 401k
- Office snacks and drinks
- Flexible PTO
- Company and team outings
Company values
- Customer first: Understand problems our customers are trying to solve. Respond with a sense of urgency. Build relationships that result in loyalty. Be data and insights-driven. Test everything. Achieve results through strong execution. Build a product people love.
- Take ownership: Have a bias toward action and high standards. Be accountable for the results of your work and our product. Trust others to own it.
- Stay curious: Ask why. Dare to make things better. Learn something new each day (even from mistakes). Be open to growth. Develop creative solutions.
- Make it better: Think big. Set high goals. Work toward long-term value rather than short-term wins. Create change. Be resilient.
- Respect: Treat others how you want to be treated. Listen first before being heard. Speak the truth even when it’s not easy. Assume best intentions. Bring your full self to work.
Company HQ
Financial District, San Francisco, CA
Articles
Founders
Colin Walsh
(CEO)Former EVP at American Express. Has also worked in banking at Wells Fargo, Visa, Executive Networks, and Lloyds.
Diversity & Inclusion at Varo
- Varo takes a long-term, strategic approach to Diversity and Inclusion. We’re committed to building long term awareness and engagement with employees at all levels, our customers, and our communities. We grow and strengthen the Varo team by acquiring, developing, promoting, and retaining exceptional and diverse talent.
- Voluntary employee-led resource groups let us connect with each other, boost engagement, and keep important conversations going. Our groups include; "Women", that aims to increase women’s leadership roles, hiring and retention; "Adept", that sustains Varo’s efforts to support employees with physical, mental, and emotional disabilities; "Unity", that works to advance representation and opportunity for Black and African American employees; and "Pride", that helps us build a fully inclusive workplace offering education, support, and networking for LGBTQ employees.
Share this job
View 9 more jobs at Varo