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Full-Time

Product Manager

Money Platform

Posted on 6/18/2024

Robinhood

Robinhood

1,001-5,000 employees

Commission-free trading platform for investments

Fintech
Financial Services

Compensation Overview

$129k - $195kAnnually

+ Bonus + Equity Plan

Mid, Senior

Menlo Park, CA, USA + 1 more

Category
Product Management
Product
Required Skills
Communications
Data Science
Marketing
Data Analysis
Requirements
  • Bachelor’s or Master's Degree
  • 4+ years experience building and shipping high-quality consumer products
  • Familiarity using research, experimentation and product analytics to guide decision making
  • Ability to focus on a problem at hand while thoughtfully considering overarching company strategy
  • Passion for financial products and improving people’s financial lives
  • Experience with machine learning
  • Experience working on products involving payment methods with a heavy focus on engineering robustness and scalability
  • Experience working in fintech or financial services
  • Experience working with Operations and Customer Success teams
Responsibilities
  • Implementing Robinhood’s Money Platform vision and priorities across product verticals, partners, and the broader company.
  • You will be responsible for creating and implementing the product roadmap. This means ensuring the team delivers both business oriented roadmap and platform centric roadmap.
  • Implement foundational services, policies & controls to ensure Robinhood is a trustworthy place for customers to move Money in and out.
  • Collaborating with privacy, security, design, engineering, data science, compliance, legal and operations to ship important, high-impact products, features and experiments
  • Collaborating with other teams to ensure that stakeholders using services surfaced by Money Platform are well served.
  • Finding ways to improve utility of common payment methods, while identifying unique needs specific to product lines and/or geographies.
  • Partnering with the lifecycle marketing and communications teams to evangelize the work Robinhood is doing to provide services to move money in and out of Robinhood.

Robinhood offers a platform for trading stocks, options, ETFs, and cryptocurrencies, aiming to make investing accessible and affordable for everyone. Users can trade without paying traditional fees and can invest in fractional shares, allowing them to buy portions of expensive stocks. The company generates revenue through a premium subscription service, interest on uninvested cash, and rebates from trading venues. Robinhood's goal is to empower individuals to take control of their financial futures with a user-friendly trading experience.

Company Stage

IPO

Total Funding

$7.4B

Headquarters

Menlo Park, California

Founded

2013

Growth & Insights
Headcount

6 month growth

2%

1 year growth

6%

2 year growth

-8%
Simplify Jobs

Simplify's Take

What believers are saying

  • Robinhood's expansion into new markets like Hawaii and U.S. territories indicates strong growth potential and increased user base.
  • The acquisition of Pluto and integration of AI capabilities can provide users with advanced, personalized investment insights, enhancing user experience and retention.
  • Offering IPO access democratizes investment opportunities, allowing retail investors to participate in early-stage investments traditionally reserved for institutional investors.

What critics are saying

  • The highly competitive fintech market means Robinhood must continuously innovate to maintain its edge over rivals like E*TRADE and Charles Schwab.
  • Regulatory scrutiny and changes, such as those seen in Hawaii, can impact Robinhood's operations and expansion plans.

What makes Robinhood unique

  • Robinhood's commission-free trading model disrupts traditional brokerage firms by eliminating fees, making investing accessible to a broader audience.
  • The introduction of fractional shares allows users to invest in high-value stocks with minimal capital, a feature not commonly offered by traditional brokers.
  • Robinhood's recent acquisition of Pluto enhances its platform with AI-driven personalized investment strategies, setting it apart from competitors.

Benefits

Well-being - Premium medical, dental, and vision insurance

Family & home life - Parental leave, personal prosperity benefits

Comfort & care - Flexible work from home / office balance, health & wellness stipend

Office life - Catered meals and fully stocked kitchen, commuter benefits

Growth - Education and training, community events, career mentorships

INACTIVE