Avant · 11 hours ago
Sr Product Manager, Banking
Greater Chicago Area
Full-time
Hybrid
Senior Level
$140K/yr - $180K/yr
7+ years expAvant is a company focused on reshaping digital banking, and they are seeking a Senior Product Manager to lead the execution of their banking products. This role involves owning major banking workstreams, driving end-to-end execution, and partnering with banks and vendors to ensure operational and regulatory readiness.
Consumer LendingFinanceFinancial ServicesFinTechLending
Responsibilities
Own and drive major banking domains such as:
Account opening and onboarding (KYC, CIAM, eligibility)
Money movement (ACH, transfers, funding, limits)
Debit card programs (issuance, network certification, lifecycle)
Savings and interest mechanics
ATM access and cash deposits
Fraud, disputes, and Reg E–driven workflows
Translate regulatory, bank, and operational requirements into clear product and execution plans
Define scope, milestones, dependencies, and success criteria for owned workstreams
Proactively identify risks, gaps, and decision points before they become blockers
Drive work forward independently without waiting for direction
Coordinate across Engineering, Risk, Legal/Compliance, Fraud, Finance, Ops, and CX
Own outcomes, not just artifacts or coordination
Work directly with sponsor bank partners and core processors
Support diligence, audits, and ongoing operating procedures
Help define and maintain bank operating models, escalation paths, and approval flow
Manage third-party vendors (e.g., KYC, fraud, bill pay, ACH, ATM networks)
Help define and document policies and procedures (money movement, fraud, disputes, account lifecycle)
Ensure Reg E, BSA/AML, and consumer protection considerations are reflected in product design
Partner with Operations and Support to ensure the product can be run at scale
Collaborate on how banking products integrate with Avant’s broader platform (loans, cards, membership tiers)
Understand and incorporate unit economics, pricing, and behavioral incentives
Balance customer experience, risk, and economics in decision-making
Qualification
Required
7+ years of product management experience
Direct experience launching and/or operating a digital banking product (checking, savings, debit, money movement, or similar)
Experience at a fintech or bank–fintech partnership is required
Hands-on experience working with sponsor banks
Hands-on experience working with core banking platforms or processors
Hands-on experience working with card networks (Visa/Mastercard)
Hands-on experience working with ACH and money movement systems
Proven track record of end-to-end ownership on complex, cross-functional initiatives
Preferred
You've been through at least one real banking launch
You naturally surface risks and gaps early
You think in systems, not just features
You are comfortable making tradeoffs across UX, risk, compliance, and economics
Stakeholders trust you to own outcomes without constant oversight
Benefits
Choice of great Medical, Dental, and Vision Insurance Plan options
401(k) match
Flexible Time Off
Flexible Work Environment - (i.e. Mon/Tues/Thurs in-person)
Generous Paid Parental Leave, Adoption Assistance and Post-parental leave ramp-up program
Lunch Allowance (Fooda) and In-office Snacks
Summer Fridays
Fun In-Office and Virtual Social Events
And who doesn’t love the swag
Company
Avant
Avant is an online lending platform that offers alternatives to its clients with safe financial products.
201-500 employees
H1B Sponsorship
Avant has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (21)
2024 (23)
2023 (38)
2022 (46)
2021 (28)
2020 (21)
Funding
Current Stage
Late StageTotal Funding
$2.08BKey Investors
Ares ManagementWebBankPamlico Capital
2022-12-07Private Equity
2022-12-07Debt Financing· $250M
2022-07-14Debt Financing· $250M
Leadership Team
Matt Bochenek
CEO
Charles Whittaker
Chief Business Officer
Recent News
2026-01-20
2025-12-17
2025-12-05
Company data provided by crunchbase