About Betterment
Betterment is a leading, technology-driven financial services company that offers investing, savings and retirement solutions for retail investors and investment advisors as well as financial wellness solutions, including a 401(k) for small and medium-sized businesses. Our team is passionate about our mission, to empower people to build wealth with confidence and ease. We’re headquartered in NYC and offer hybrid NY-based positions (four days/ week in-office, with no required office days during the summer and winter holidays).
About the role
Betterment's mission is to empower people to do what's best for their money so that they can live better. As a Group Product Manager within the Broker/Dealer organization, you will own and shape the product strategy for our trading and market data systems. Together, these domains underpin the every day management of over $55 billion in client assets across three investing lines of business. Your mandate spans all three of the Broker/Dealer's core priorities:
- 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’ll be responsible for setting the long-term vision for how Betterment builds and scales its back-end investing platforms to empower our clients to make the most of their money. This includes owning the strategic direction of core systems including Trade Execution, Portfolio Management, Security Master, and our broader Market Data infrastructure. In this player/coach role, you will manage and closely partner with PMs embedded in these domains and others across the organization. You’ll bring technical expertise in securities management and trading functions, strong judgment under ambiguity, and the communication skills to navigate both deep engineering conversations and executive-level strategic discussions.
This role is based out of our NYC office. For jobs based out of our NYC HQ, we require in office attendance Monday through Thursday, weekly. Below we've reflected the base salary range we would offer for this position. Actual salaries may vary depending on factors including but not limited to location, experience, and performance. The range listed is just one component of Betterment’s total compensation package for employees.
- New York City: $187,000 - $214,000
We offer a competitive equity package, health, dental and vision benefits, life and AD&D, short-term and long-term disability insurance, EAP, commuter and parking benefits FSA/HSA, and 401(k) with employer match as well as a flexible PTO policy. This job may also be eligible for variable compensation in the form of a company incentive bonus.
A day in the life
- Oversee product teams responsible for our trading and market data functions, fundamental to our role as a trusted wealth manager for clients
- Deeply understand our target clients and serve as their advocate when making back-end decisions that impact the front-end experience
- Define the multi-year vision for how our platform should evolve to meet growing business needs and architectural goals, including new asset class support, real-time data expansion, and added security classification models
- Partner with engineering leadership and stakeholders to balance roadmap priorities across all three lines of business: retail clients, advised clients, and 401(k) participants
- Manage PM(s) embedded in the trading and market data domains, providing strategic direction, development feedback, and organizational context to help them succeed
- Support engineering teams during standups, planning meetings, and retros
- Develop success metrics for your product area, create tracking plans, and clearly communicate how prioritized work impacts those metrics.
- Collaborate with numerous partners, such as Capital Markets, Custody, Investing, Operations, and Legal & Compliance, to navigate complex client situations and stay ahead of regulatory obligations
What we’re looking for
- Product management experience at a financial services or financial technology company with a focus on back-end systems and applications
- Deep expertise in and passion for financial concepts such as portfolio management, order routing, trade execution workflows, FIX protocol, and securities data management
- Strong storytelling skills to distill advanced Broker/Dealer concepts into accessible information for partner organizations, stakeholders, and executives alike
- Technical fluency: able to engage meaningfully with engineers on systems design, data modeling, and architectural tradeoffs
- Experience managing or mentoring other PMs, with a track record of growing product talent and maintaining strategic coherence across a multi-team domain
- Creative problem-solving skills to deliver innovative functionality within regulatory and technical constraints.
- A self-starter with proven success in launching products in collaboration with a broad set of stakeholders
What being at Betterment means for you
We change lives
Join a community of innovators working to transform financial outcomes for real people. Your work will make an impact, always laddering up to our mission: making people's lives better.
We set audacious goals
We set them for the company, our customers, and ourselves—and we won’t stop until we reach them. We don’t just show up; we give our all, then celebrate our wins.
We value all perspectives
When we collaborate, we're at our best. We believe diverse perspectives lead to better outcomes and strive to uphold our supportive and inclusive community.
We invest in you with:
- A competitive suite of benefits, including: medical, dental, and vision insurance; life and AD&D insurance; STD and LTD benefits, including infertility support and World Professional Association for Transgender Health approved benefits; and generous parental leave.
- Flexible paid time off (and encouragement to use it!)
- Meaningful opportunity for community building through our 7 Employee Resource Groups
- Empowerment to own and lead change and affect the business
- Dedicated professional development opportunities
- Lunch from our in-house chef at our NYC headquarters
What happens next
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.
We recognize that interviewing for a new role is a big deal. We appreciate you considering Betterment as the next step in your career, and our Recruiting Team is here to support and advocate for you through the interview process!
_Betterment is dedicated to providing accommodations to candidates upon request. If you need accommodations at any point throughout the interview process, please reach out to your recruiter. _
Please note that in any materials you submit, you may redact or remove age-identifying information such as age, date of birth, or dates of school attendance or graduation. You will not be penalized for redacting or removing this information.
**Come join us! **
We’re an equal opportunity employer and comply with all applicable federal, state, and local fair employment practices laws. We strictly prohibit and do not tolerate discrimination against employees, applicants, or any other covered persons because of race, color, religion, creed, national origin or ancestry, ethnicity, sex, gender (including gender nonconformity and status as a transgender or transsexual individual), sexual orientation, marital status, age, physical or mental disability, citizenship, past, current or prospective service in the uniformed services, predisposing genetic characteristic, domestic violence victim status, arrest records, or any other characteristic protected under applicable federal, state or local law.
E-Verify Statement
Betterment participates in E-Verify. We will provide the Social Security Administration, and if necessary, the Department of Homeland Security, with information from each new employee’s Form I-9 to confirm work authorization. Please note that we do not use this information to pre-screen job applicants. E-Verify Notice E-Verify Notice (Spanish) Right to Work Notice Right to Work Notice (Spanish)
**CPRA Language - CA Applicants ONLY **
_We collect and store personal information for the purposes of candidate tracking (for this role and future opportunities). The information you provide in the course of completing your application will be kept for up to 24 months. We use tools provided by third-party service providers but do not share candidate information for any purpose other than for recruiting. To access the data that is collected, request deletion or to make updates to your candidate profile, please email _team.hire@betterment.com_. _