Full-Time

Senior Product Manager

Embedded Finance

Posted on 9/4/2025

NewDay

NewDay

1,001-5,000 employees

UK consumer credit and store cards

No salary listed

London, UK

Hybrid

Category
Product (1)
Required Skills
Market Research
Requirements
  • Instalment plans, retail/POS finance, BNPL experience.
  • Experience of working with Design, Product, Clients/Retailers to create customer journeys that engage with customers and generate value for business and merchants/providers.
  • Experience of working with external partners that don’t always have the same financial knowledge or priorities/objectives as NewDay.
  • Good organisation and planning skills
  • Able to manipulate data and insights to communicate your vision
Responsibilities
  • Transformational product strategy - working with Partner Management and our external partners (Lloyds), you will create and deliver a product strategy that will support expansion of the customer and retailer network.
  • Work with NewDay Credit, NewDay Platforms and external partners to deliver the Embedded Finance Feature Roadmap, ensuring that both White-Label and NewPay-branded propositions have best in class features (like pay in 3). You will be prioritising product features based on customer feedback, competitive analysis and commercial priorities.
  • With your direct report, you will help to define 'customer focused' best practices, ensuring the Embedded Finance Team (and the wider business) have visibility of the NewPay product lifecycle. This will involve market research, customer metric and behaviour insight.
  • When speaking to NewPay partners and merchants, you will be the key Product representative. People will look to you for product and customer journey experience. Partners will also look to you to shape their application and spend journeys, again to maximise customer engagement.
Desired Qualifications
  • Excellent interpersonal skills - oral/written communication, collaboration & influencing skills
  • Ability to influence and manage at all levels of the business
  • Entrepreneurial and a problem solver
  • Team player willing to get stuck in and roll their sleeves up
  • Robust and resolute – able to handle intense pace
  • Maintains high standards of personal integrity whilst respecting diverse viewpoints
  • Relevant subject matter expert knowledge including regulatory knowledge in Embedded Finance market
  • Good understanding of Digital Development

NewDay provides credit cards and store cards to consumers in the United Kingdom, specifically focusing on those who may be overlooked by traditional banks. The company issues its own credit-building cards like Aqua and Marbles, while also managing co-branded cards for major retailers such as John Lewis and Argos. Unlike many high-street lenders, NewDay specializes in the "near-prime" market, offering digital-only products like Bip to help users manage and improve their credit scores. The company's goal is to provide responsible access to credit for underserved individuals while expanding its reach through retail partnerships and digital technology.

Company Size

1,001-5,000

Company Stage

N/A

Total Funding

N/A

Headquarters

London, United Kingdom

Founded

2000

Simplify Jobs

Simplify's Take

What believers are saying

  • Acquired Argos portfolio for £720M, adding 2M customers.
  • Reported 30% profit rise to £107M in H1 2025.
  • KKR acquired portfolio, enhancing scale and funding.

What critics are saying

  • FCA rules reject 20-30% more applicants, shrinking £4.4B receivables.
  • Lloyds digital card captures 15% near-prime share in 12-18 months.
  • John Lewis internalizes £800M portfolio in 12-18 months.

What makes NewDay unique

  • NewDay targets near-prime consumers with Aqua, Marbles, Fluid cards.
  • Launched UK's first digital-only Bip credit card.
  • Integrates open banking via D•One for affordability assessments.

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Benefits

Hybrid Work Options

Company News

Retail Sector
Oct 31st, 2024
Sainsbury's sells Argos cards portfolio to NewDay Group

Sainsbury's has also announced the creation of a partnership with NewDay to create a new Argos-branded digital credit proposition.

Retail Gazette
Oct 31st, 2024
Sainsbury's sells Argos credit card portfolio in £720m deal

The transaction will also see Sainsbury's partner with NewDay to create a new Argos-branded digital credit proposition, which will replace the brand's current credit propositions with a "wider choice of modern, flexible and more convenient ways for customers to manage the cost of purchases".

FF News
Jul 18th, 2024
Newday Enhances Its Affordability Assessments With D•One Open Banking Services

D•One, part of the ClearScore Group, today announces that NewDay, a leading provider of unsecured consumer credit in the UK, has gone live with D•One’s open banking connectivity and transaction categorisation products. This move to provide deeper affordability assessments supports responsible access to credit, as well as financial inclusion. NewDay customers can share their transaction data via open banking for a real-world assessment of affordability, offering consumers who have limited credit histories access to credit options they might otherwise have missed out on.NewDay serves millions of customers, powered by its leading platform and digital servicing capability. With the integration of open banking technology, it can now further enhance its lending decision-making, leading to greater access to credit for a wider range of people. Using D•One’s open banking connection and categorisation, NewDay has developed its credit models to help more people move forward with credit.Rob Holt, Chief Executive Officer of Credit at NewDay, said: “We are always looking for ways to improve our ability to serve working Britain with responsible access to affordable credit, and we see open banking as an important addition to our underwriting assessments to more comprehensively understand our customers’ circumstances. We were impressed with D•One’s open banking solution, along with the supporting functionality and flexibility it provided and plan to integrate these capabilities into our lending strategies.”D•One provides the most comprehensive suite of open banking connectivity in the UK and has an advanced deterministic categorisation model developed over 12 years and with over 1 billion transactions

Solicitors Journal
Mar 28th, 2024
Clarke Willmott facilitates acquisition of Newdez Ltd. by Fintel plc

Clarke Willmott facilitates acquisition of Newdez Ltd. by Fintel plc.

LinkedIn
Nov 12th, 2023
NewDay's Post

Experian is collaborating with NewDay and other leading UK organisations to deliver best practices in supporting vulnerable consumers.

INACTIVE