Director, Product Management-Open Banking at Capital One

New York, New York, United States

Capital One Logo
Not SpecifiedCompensation
Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level
Full TimeJob Type
UnknownVisa
Banking, Financial ServicesIndustries

Requirements

  • At least 7 years of experience working in Product Management
  • Currently has, or is in the process of obtaining, a Bachelor's Degree in a quantitative field (Statistics, Economics, Operations Research, Analytics, Math), with expectation that the required degree will be obtained on or before the scheduled start date
  • Intellectually Curious – comfortable navigating between big ideas and executional realities to create an achievable strategic Product Vision, comfortable with ambiguity, hunger to learn, seeker of new challenges
  • Communicator & Influencer – comfortable influencing executives, communicating product vision clearly to associates and partners, open to different communication styles, listens carefully to diverse ideas
  • Do-er – biased toward action, willing to make commitments and trade-offs with other leaders to remove impediments, obsessed with delivering value iteratively focusing on minimum viable product
  • Passionate & Customer Focus – cares about growing others, bringing them together around what’s possible, desire and ability to connect with external or internal customers to understand needs and build long-lasting relationships
  • Learner – appetite to learn new things or technologies, exhibits humbleness when exploring unknown technologies, seeks internal solutions before building new
  • Team Player – enjoys working with diverse people, driving team toward common goal, able to coach others and be a mentor in product development
  • Proficiency in Capital One Product Framework: Human Centered, Business Focused, Technology Driven, Integrated Problem Solving, Transformational Leadership

Responsibilities

  • Help define Capital One's long-term vision for leveraging open banking data, champion it with Senior Leadership, and deliver it through cross-functional team
  • Develop product and business strategy; prioritize investments to achieve vision and rally support from Business Divisions
  • Collaborate with cross-functional partners in Business, Engineering, Design, Data Analytics, Data Science, Legal, Risk and others to refine strategy and deliver required capabilities
  • Set the requirements and deliver Capital One’s Enterprise-wide open banking Platform
  • Ensure product portfolio meets or exceeds requirements set forth by upcoming relevant open banking regulations in the US and Canada
  • Support the Business in launching and scaling new open banking use cases / experiences
  • Coach and grow a high-performing team of Product and Process Managers

Skills

Key technologies and capabilities for this role

Product ManagementOpen BankingProduct StrategyBusiness StrategyCross-Functional CollaborationData AnalyticsData ScienceRegulatory CompliancePlatform DevelopmentTeam Leadership

Questions & Answers

Common questions about this position

What are the main responsibilities of the Director, Product Management-Open Banking role?

You will define Capital One's long-term vision for open banking data, develop product strategy, collaborate with cross-functional partners, deliver the enterprise-wide open banking platform, ensure regulatory compliance, support new use cases, and coach a team of Product and Process Managers.

What key qualities is Capital One looking for in this product leader?

They seek someone intellectually curious, comfortable with ambiguity and execution; a strong communicator and influencer who can engage executives and teams; and a do-er biased toward action, making commitments and delivering value iteratively.

What is the Capital One Product Framework and what proficiencies are required?

The framework includes five key areas: Human Centered, Business Focused, Technology Driven, Integrated Problem Solving, and Transformational Leadership, which form the foundation for successful product management.

Is this a remote position or does it require office work?

This information is not specified in the job description.

What is the salary or compensation for this role?

This information is not specified in the job description.

Capital One

Offers diverse financial products and services

About Capital One

Capital One provides a variety of financial services aimed at making banking accessible and easy for everyone. The company offers products such as credit cards, savings accounts, car loans, and business checking accounts, catering to both individual consumers and small businesses primarily in the United States. Capital One's approach includes user-friendly banking solutions with no fees or minimums for checking accounts, allowing customers to manage their finances more effectively. They generate revenue through interest on loans, credit card fees, and investment banking services. What sets Capital One apart from its competitors is its strong commitment to financial inclusion and literacy, demonstrated through community partnerships and educational initiatives, such as collaborations with Khan Academy. The company's goal is to create a more inclusive financial system and empower customers with the knowledge and tools they need to make informed financial decisions.

McLean, VirginiaHeadquarters
2014Year Founded
$15.9MTotal Funding
IPOCompany Stage
Fintech, Financial ServicesIndustries
10,001+Employees

Benefits

Medical, Dental, & Vision coverage
Onsite Health Centers
Prescription saving with network of local pharmacies
Stock Purchase Plan
Education Assistance
401(k)
Flexible Spending Accounts
Life and Disability insurance
Generous paid time off + corporate & floating holidays
Registered dieticians on site, cooking classes and free virtual fitness classes
Employee Assistance Program

Risks

Increased competition in subscription management tools may dilute Capital One's advantage.
Over-reliance on partnerships could expose Capital One to technological risks.
Departure of key personnel like Joe Rodriguez may affect risk management continuity.

Differentiation

Capital One offers user-friendly banking with no fees or minimums for checking accounts.
The company partners with Khan Academy to provide financial literacy education.
Capital One is the first major U.S. bank to offer subscription management tools.

Upsides

Capital One's mobile app is a model for secure, user-friendly digital banking.
Data sharing with Worldpay enhances payment security and fraud prevention.
Partnerships with fintechs like Minna Technologies improve customer experience.

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