Full-Time

Product Manager

New Accounts

Posted on 11/19/2024

Robinhood

Robinhood

1,001-5,000 employees

Commission-free trading platform for investments

Fintech
Financial Services

Compensation Overview

$110k - $165kAnnually

+ Bonus + Equity Plan

Senior

Menlo Park, CA, USA + 1 more

More locations: New York, NY, USA

Preferred locations are in or around Robinhood's offices in Menlo Park, CA or New York, NY.

Category
Product Management
Product
Required Skills
Data Science
Product Management
Requirements
  • 5+ years experience building and shipping high-quality, consumer product experiences
  • Experience defining and launching large 0-1 products in the consumer or consumer-facing fintech space.
  • Strong leadership, communication and relationship management skills.
  • Experience with using research, experimentation, and product analytics to guide decision making.
Responsibilities
  • Lead a team of engineers, designers, researchers, data scientists and marketers to better understand our customers and their most pressing needs.
  • Establish & execute on a product vision and strategy for the team and growing the Retirement & long-term investing business.
  • Foster a culture of ambition, learning and iteration through experimentation and thinking big.
  • Work with cross functional stakeholders such as legal, compliance, operations, finance, and more to ensure products are built the right way
  • Deliver products on time with an extremely high quality bar
  • Launch delightful and trendsetting consumer experiences

Robinhood offers a platform for trading stocks, options, ETFs, and cryptocurrencies, aiming to make investing accessible and affordable for everyone. The platform features commission-free trading and allows users to buy fractional shares, making it easier for individuals to invest in high-priced stocks. Unlike traditional brokerage firms, Robinhood generates revenue through a premium subscription service, interest on uninvested cash, and rebates from trading venues. The company's goal is to democratize finance and empower a diverse range of investors, especially younger individuals.

Company Stage

IPO

Total Funding

$5.4B

Headquarters

Menlo Park, California

Founded

2013

Growth & Insights
Headcount

6 month growth

4%

1 year growth

7%

2 year growth

6%
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.

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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