Full-Time
Principal Product Manager
Core Banking
SoFi
5,001-10,000 employees
Mobile-first fintech lending, investing, planning
No salary listed
Company Historically Provides H1B Sponsorship
New York, NY, USA
In Person
On-site in New York City; remote work not available.
Bachelor's
 Product (1) |
|---|
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- Bachelor's degree in computer science or relevant field
- Deep, hands-on understanding of the inner workings of a core banking system — ideally at the posting-logic / double-entry ledger level
- A track record of building or product-managing a core banking product itself (a platform/vendor perspective) — as opposed to running core conversion or transformation programs inside a bank
- Strong traditional product-management background across several of: pricing, risk, compliance, product performance, legal, communication, partnering, and go-to-market
- A very good understanding of the US banking market and its regulatory environment
- 10+ years of professional experience, with significant time in Product Management for complex, regulated technology platforms
- Demonstrated ability to drive strategy across multiple product areas and lead the most complex cross-functional initiatives with a high degree of autonomy
- Excellent written and verbal communication in English; able to shape company-level product communication and executive-ready written theses.
- With your PM colleagues, own and drive product strategy and roadmap across multiple Core domains (e.g., deposits, postings/ledger, product factory, transactions) and the end-to-end core product.
- The most complex cross-company initiatives — including core conversion enablement and US market-expansion capabilities.
- Connecting product strategy to org-level technical strategy; anchoring build vs. buy vs. partner.
- Product GTM with measurable outcomes and documented reviews, in partnership with Marketing, Sales, Ops, and client teams.
- Operating models and planning frameworks for the Core PM group; standards and playbooks other PMs build on.
- Regulatory posture and responsible-AI principles embedded into the Core product.
- With your PM colleagues define and own multi-domain product strategy and the multi-quarter roadmap for Core Banking.
- Translate business, regulatory, and client needs into clear product outcomes; frame problems others haven't yet articulated.
- Conduct appropriate research and synthesize findings.
- Make informed trade-offs across speed, quality, scalability, and regulatory requirements.
- Partner with Engineering Managers on prioritization, sequencing, planning, and dependency management across teams and squads.
- Set operating rhythms and planning frameworks; remove cross-team hurdles and drive quality and velocity improvements.
- Maintain a coherent, prioritized product direction as priorities shift.
- Act as the senior product interface for business, operations, compliance, risk, legal, and technology stakeholders.
- Influence VP/SVP decisions through documented prioritization and signed trade-offs (timeline, risk, cost).
- Represent the Core product with external banking clients and internal SoFi Bank partners.
- Apply posting-logic-level understanding of core banking (accounts, double-entry ledger, postings, interest, product catalog, batch vs. real-time).
- Challenge business architectural assumptions at the system and cross-org level; prevent unnecessary complexity and maintenance burden.
- Ensure the Core product meets the requirements of US-chartered banking entities.
- LatAm core banking exposure and/or Spanish-language proficiency
- Experience with modern, API-first, cloud-native core platforms and microservices architectures
- Familiarity with the competitive landscape (e.g., Thought Machine, 10x, Mambu, Finxact, FIS, Fiserv, Jack Henry, Temenos)
- Experience selling or supporting a core platform for external financial-institution clients as well as an in-house bank
SoFi is a fintech company that provides a broad set of personal finance services through a mobile-first platform. It offers home loans, personal loans, student loan refinancing, credit cards, and investment options, along with financial planning and estate planning services. The platform also provides educational resources to help users understand financial decisions. SoFi makes money from interest and fees on lending products and management fees on investment products, aiming to keep users within its ecosystem by offering multiple services under one roof. The key difference from competitors lies in its integrated, member-focused approach—combining lending, investing, planning, and education in a single mobile-centric experience. SoFi’s goal is to help individuals achieve their financial goals and improve their financial health by making it easy to manage money through a streamlined, inclusive platform.
Company Size
5,001-10,000
Company Stage
IPO
Headquarters
San Francisco, California
Founded
2011
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Simplify's Take
What believers are saying
- Q2 2026 adjusted net revenue reached $1.2 billion, up 40% year over year.
- Q2 2026 cross-sell hit 51% of new products to existing members.
- Notre Dame's July 28, 2026 partnership makes SoFi the jersey-patch financial sponsor.
What critics are saying
- Muddy Waters' March 17, 2026 report accused SoFi of $312 million unrecorded debt.
- Cook v. SoFi Technologies filed February 27, 2026 alleges a late-2025 data breach.
- Q2 2026 technology platform revenue fell 23%, exposing dependence on lending growth.
What makes SoFi unique
- SoFi bundles lending, banking, investing, and AI Coach inside one mobile app.
- SoFi Invest launched CAZ and AngelList private-market funds on August 5, 2026.
- SoFi Plus surpassed 200,000 paid subscribers, deepening cross-sell and retention.
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Benefits
You’re taken care of. SoFi employees receive comprehensive health, vision, dental, life insurance, and disability benefits—as well as flexible time off, fitness, fertility, and family planning options.
Realize your ambitions. We want to help our employees achieve financial freedom, just like our members. That’s why we contribute $200 per month toward your student loans to help pay down your debt—plus free financial classes.
Never stop learning. We offer frequent training, mentorship opportunities, and leadership programs to develop our people. We also cover tuition costs for approved programs, up to $5,250 per year.
Growth & Insights and Company News
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↓ -8%SoFi Technologies has declined over 30% this year and sits more than 45% below its 52-week high, despite posting strong second-quarter results. The financial technology company recorded $1.2 billion in adjusted net revenue, up 40%, whilst membership grew 35% to 15.8 million. SoFi set records for loan originations, revenue, member and product growth, and earnings. The company expects 30% compound annual adjusted net revenue growth through 2028 and 38%-42% adjusted earnings-per-share growth during that period. The stock currently trades at roughly 38 times earnings, down from over 75 times at the start of the year. Based on its 2028 earnings estimates of $1.02-$1.12 per share, SoFi trades at approximately 17 times forward earnings at its current share price of around $18.
SoFi Technologies reported record personal loan originations of $10.7 billion in Q2, part of total loan originations of $14.8 billion, up 69% year-over-year. Of the personal loans, $7.6 billion were kept on SoFi's balance sheet, with the remainder sold to third parties. The company added 1.1 million net customers, reaching 15.8 million members. Revenue grew 43% and net income jumped 61% compared to Q2 2025. Personal loans now represent 57% of SoFi's total loan book. The net charge-off rate for personal loans improved to 3.7% from 4.5% year-over-year. Despite strong financial performance, SoFi's shares have fallen 32% in 2026 as of 12 August.
SoFi Technologies posted record results but shares fell 9% on earnings day, contributing to a 42% decline this year. The fintech added 1.1 million members in Q2 2026, reaching 15.8 million total, up 35% year-over-year. Cross-selling accelerated, with 51% of new products going to existing members. Tangible book value jumped 80% to $9.5 billion, whilst loan originations hit a record $14.8 billion, up 69%. Despite raising revenue guidance to $4.75–$4.85 billion, management left profit forecasts unchanged at $1.6 billion EBITDA and $0.60 EPS. CEO Anthony Noto cited shifting rate expectations and reinvestment priorities. SoFi trades at 27 times forward earnings versus Robinhood's 42 times, though SoFi carries heavier short interest at 14.61% of float. Hedge fund ownership dropped from 56 to 47 funds in Q1 2026.
SoFi expands access to private markets with funds from CAZ Investments and AngelList Asset Management. * Wealth Management * 06.08.2026 05:59 am SoFi Technologies, Inc., the everything app for digital financial services, today introduced three new private market funds from CAZ Investments and AngelList Asset Management. These funds provide exposure to private market strategies across AI, fintech, healthcare, defense, and other sectors, with investments that may include companies such as OpenAI, Anthropic, Anduril, and others. Investors are looking beyond traditional stocks and bonds, but the complexity of private market investing has historically put these strategies out of reach for many. SoFi Securities LLC, is helping bridge that gap by pairing expanded access to these private market strategies with educational resources that empower members to invest with greater confidence. The new funds include: * CAZ GP Stakes Fund: Seeks long-term capital appreciation and current income by investing primarily in alternative asset management firms, including firms that manage private equity, private credit, real estate, infrastructure, commodity-related securities, and venture capital strategies. * CAZ Strategic Opportunities Fund: Seeks long-term capital appreciation and current income through broad exposure to innovative and predominantly private markets. The fund seeks exposure across multiple asset types, including private equity, private credit, real estate/real assets, and liquid assets. * AngelList Asset Management's USVC Venture Capital Access Fund: Seeks long-term capital appreciation by investing in venture capital funds and underlying private growth-oriented companies with exposure across AI, fintech, healthcare, defense, and other innovation-driven sectors, which may include opportunities connected to the AngelList platform. "SoFi is making alternative investing more accessible for investors looking to diversify their portfolios, but who have previously faced barriers to entry," said Anthony Noto, CEO of SoFi. "We're proud to expand our selection of investment opportunities across private equity, real estate, venture capital, and more, giving members more ways to diversify their portfolios and pursue their financial ambitions." This expanded offering provides SoFi Invest members with: * High-quality investments: Strategies of this type have been historically out of reach for many. These funds include strategies investing directly in private companies or indirectly through other private market funds and investment vehicles. * Periodic Liquidity: Unlike many traditional private investments, these funds intend to offer periodic, limited opportunities to have shares repurchased, giving investors greater flexibility to access their capital. * Low-friction experience: Private market investing can be complex, with unfamiliar terminology and fund structures. SoFi helps simplify the experience through educational resources, transparent reporting, and a seamless investing experience within the SoFi app. * Lower minimums: With minimum investments starting at $500 for the USVC Fund and $2,500 for the CAZ funds, investors can access private market strategies with lower capital requirements than many traditional private investments. Over the past year, SoFi has expanded its private markets offering with additional funds from asset management firms including Cashmere, ARK Invest, and Liberty Street Advisors. Today's launch marks another step in broadening access to private market investing.
SoFi democratizes private equity with new CAZ and AngelList funds featuring OpenAI exposure. Quick summary. SoFi is expanding investor access to private markets funds by partnering with CAZ Investments and AngelList. This initiative allows retail investors to gain exposure to high-value private companies like OpenAI and Anthropic with entry points as low as $500, effectively democratizing institutional-grade venture capital strategies. How does SoFi expand access to private markets funds? SoFi solves the barrier to entry problem for retail investors by lowering the capital requirements typically associated with venture capital. By offering private markets funds from CAZ Investments and AngelList Asset Management, SoFi enables users to invest in late-stage private companies with minimums starting at $500 for the USVC Fund and $2,500 for CAZ-managed funds. This shift moves away from the traditional model where such investments required six-figure commitments and accredited investor status. * Institutional-style strategies now available to everyday brokerage users. * Diversified sector exposure including AI, defense tech, and healthcare. * Streamlined digital onboarding directly through the SoFi mobile application. What companies are included in the new SoFi funds? The new investment vehicles provide a diversified portfolio approach to the private sector. Investors can gain indirect exposure to market-leading AI firms such as OpenAI and Anthropic, as well as defense technology innovator Anduril. These private markets funds are designed to capture value from companies that are staying private longer, allowing retail participants to benefit from valuation growth cycles previously reserved for institutional players and ultra-high-net-worth individuals. * OpenAI and Anthropic represent the core of the AI-focused exposure. * Anduril provides a foothold in the rapidly expanding defense technology market. * Periodic liquidity features offer limited share repurchases to improve capital flexibility. Ff news take: This move by SoFi significantly moves the needle for retail wealth management. By integrating private markets funds into a self-directed brokerage, SoFi is challenging the traditional boundaries between retail and institutional investing. Providing access to "white whale" companies like OpenAI is a massive customer acquisition play that reinforces SoFi's position as a comprehensive financial super-app for the next generation of investors. Featured speakers.