Sr Product Manager, Banking
Avant
We are hiring a Senior Product Manager, Banking to help lead the execution of Avant’s banking products. This role requires prior, hands-on experience launching or operating a digital banking product at a fintech or bank/fintech partnership. This is a strict requirement.
You will own major banking workstreams end-to-end, working closely with Engineering, Risk, Compliance, Fraud, Finance, Operations, and external partners (sponsor bank, core processor, networks, vendors). This is not a feature PM role. It is a systems, execution, and ownership role.
What you’ll do at Avant:
Own Core Banking Workstreams
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Own and drive major banking domains such as:
Account opening and onboarding (KYC, CIAM, eligibility)
Money movement (ACH, transfers, funding, limits)
Debit card programs (issuance, network certification, lifecycle)
Savings and interest mechanics
ATM access and cash deposits
Fraud, disputes, and Reg E–driven workflows
Translate regulatory, bank, and operational requirements into clear product and execution plans
Drive End-to-End Execution
Define scope, milestones, dependencies, and success criteria for owned workstreams
Proactively identify risks, gaps, and decision points before they become blockers
Drive work forward independently without waiting for direction
Coordinate across Engineering, Risk, Legal/Compliance, Fraud, Finance, Ops, and CX
Own outcomes, not just artifacts or coordination
Partner with Banks and Vendors
Work directly with sponsor bank partners and core processors
Support diligence, audits, and ongoing operating procedures
Help define and maintain bank operating models, escalation paths, and approval flow
Manage third-party vendors (e.g., KYC, fraud, bill pay, ACH, ATM networks)
Ensure Operational and Regulatory Readiness
Help define and document policies and procedures (money movement, fraud, disputes, account lifecycle)
Ensure Reg E, BSA/AML, and consumer protection considerations are reflected in product design
Partner with Operations and Support to ensure the product can be run at scale
Contribute to Platform & Membership Strategy
Collaborate on how banking products integrate with Avant’s broader platform (loans, cards, membership tiers)
Understand and incorporate unit economics, pricing, and behavioral incentives
Balance customer experience, risk, and economics in decision-making
Why you’re at fit at Avant:
7+ years of product management experience
Direct experience launching and/or operating a digital banking product
(checking, savings, debit, money movement, or similar)
Experience at a fintech or bank–fintech partnership is required
Hands-on experience working with:
Sponsor banks
Core banking platforms or processors
Card networks (Visa/Mastercard)
ACH and money movement systems
Proven track record of end-to-end ownership on complex, cross-functional initiatives
What Will Set You Apart
You’ve been through at least one real banking launch
You naturally surface risks and gaps early
You think in systems, not just features
You are comfortable making tradeoffs across UX, risk, compliance, and economics
Stakeholders trust you to own outcomes without constant oversight
This role is based on our downtown Chicago Office, located in the Merchandise Mart. We highly value collaboration and our hybrid schedule (M, T, Th in-office) enables flexibility to balance work and individual priorities.
Compensation Range:
The base salary range for this job is USD $140,000 - USD $180,000/ Year
Employees new to Avant typically come in below the midpoint of the pay range. The compensation range is based on the level outlined in the job posting, and compensation decisions are dependent on each applicant's experience, skills and abilities.
[If an outstanding applicant's experience and skill level is above or below the qualifications outlined in the job posting, we reserve the right to make an offer at a different level than the one listed in this job posting, which may have a different compensation range.]
This role is eligible for additional incentives, including an annual bonus. These rewards are allocated based on level, impact and performance in the role.
Our benefits include:
Choice of great Medical, Dental, and Vision Insurance Plan options
401(k) match
Flexible Time Off
Flexible Work Environment - (i.e. Mon/Tues/Thurs in-person)
Generous Paid Parental Leave, Adoption Assistance and Post-parental leave ramp-up program
Lunch Allowance (Fooda) and In-office Snacks
Summer Fridays
Fun In-Office and Virtual Social Events
And who doesn’t love the swag
Check out our Avant Blog!
We believe that a diverse set of backgrounds and experiences helps us create the most innovative solutions for our customers. We invite you to apply to our positions even if you do not meet 100% of the qualifications listed in the description. If you’re passionate about our mission and aligned to our values, we hope you’ll come contribute to our awesome culture.
Why Avant is the place for you:
At Avant, we believe our values make a difference:
Authenticity. We show up to work as our whole selves and make sure others can too.
Collaboration. We can only succeed when we do so as a team.
Problem-Solving. The harder the problem, the more satisfying the solution.
Customer. We are all owners of the customer experience.
Initiative. Plan. Adapt. Get Sh!t Done.
We believe that great ideas come from anyone and anywhere, that everyone is an owner who drives change, and that we have more fun when we work together. We're problem solvers who love collaborating with intelligent and highly-motivated people to reshape the face of digital banking. Avant offers terrific perks and benefits, fun social events with employees who actually like hanging out together, and a flexible growth environment where trying your hand at new projects and being the active owner of your career path is encouraged and supported.
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