At a Glance
- Tasks: Lead the development and delivery of innovative Payments-as-a-Service solutions.
- Company: Join the UK's largest digital bank and drive exciting growth opportunities.
- Benefits: Generous pension, performance bonuses, share schemes, and 30 days holiday.
- Other info: Hybrid working model with a dynamic team and excellent career progression.
- Why this job: Shape the future of payments and make a real impact in fintech.
- Qualifications: Experience in payments, product development, and commercial strategy required.
The predicted salary is between 126523 - 148850 £ per year.
This is an exciting opportunity for an entrepreneurial individual to join the UK’s largest digital bank and expand into new revenue opportunities using existing Group capabilities and technologies to external clients. The Product Lead, Payments-as-a-Service (PaaS) will lead the development, commercialisation and delivery of the Group’s expanded “Payments as a Service” ambition, shaping the future of PaaS across internal and external partners.
Salary: £126,523 – £148,850
Location: London
Working Pattern: Hybrid; at least two days per week at our office.
Responsibilities
- Strategy & Vision for Payments-as-a-Service: Define the strategic vision and multiyear roadmap for the Group’s PaaS capabilities; assess market trends and regulatory change; shape commercial and operating models; build business cases and secure funding.
- Proposition & Product Development: Identify customer needs and design innovative PaaS propositions; own end‑to‑end product lifecycle, including discovery, framing, scoping, design, MVP definition and delivery oversight; lead proposition development for existing and new markets; partner with engineering, architecture, treasury, payments operations and regulatory teams to ensure designs are scalable, compliant, secure and commercially viable.
- External Business Development: Actively explore partnership opportunities with commercial models, joint propositions or collaborations.
- Delivery Leadership & Roadmap Execution: Define and prioritise the PaaS roadmap; guide cross‑functional delivery, ensuring clarity on value, scope, KPIs and customer outcomes; oversee launch and BAU optimisation of new PaaS journeys.
- Commercial Outcomes & Investment Performance: Develop investment cases, track commercial, operational and customer outcomes; own performance metrics, reporting and continuous improvement actions; work with finance, commercial teams and business units to shape pricing, value models and commercial constructs.
Qualifications
- Deep understanding of payments, including cards, wallets and emerging technologies.
- Background in commercial, strategy or product leadership roles in payments‑focused fintechs or banks.
- Technical background and experience in product development of software products/services.
- Proven experience building, launching and managing new payments products, services or platforms in the business market, including large merchants, payments companies and financial institutions.
- Strong experience in developing commercial propositions and constructing detailed business cases.
- Experience designing, launching or scaling new markets, propositions or business models, including white‑label, embedded or platform‑based solutions.
- Ability to influence senior stakeholders and secure alignment and investment across complex organisations.
- Strong analytical, strategic thinking and structured problem‑solving skills.
Additional Experience That Would Be Useful
- Extensive knowledge of API‑based platforms, embedded finance, Banking‑as‑a‑Service and technical financial infrastructure.
- Experience working in environments requiring both innovation and appropriate risk management.
- Demonstrated ability to operate at pace, with ambiguity, and create clarity where little exists.
Benefits
- A generous pension contribution of up to 15 %
- An annual performance‑related bonus
- Share schemes including free shares
- Benefits that can be adapted to lifestyle, such as discounted shopping
- 30 days holiday, plus bank holidays
- Wellbeing initiatives and generous parental leave policies
Head of PaaS Product & Growth employer: Lloyds Banking Group
Join the UK’s largest digital bank as the Head of PaaS Product & Growth, where you will thrive in a dynamic and innovative work culture that champions entrepreneurial spirit and collaboration. With a generous benefits package including a substantial pension contribution, performance-related bonuses, and flexible lifestyle benefits, this role offers exceptional opportunities for professional growth and development in the heart of London. Experience a supportive environment that prioritises employee wellbeing and fosters creativity, making it an ideal place for those seeking meaningful and rewarding employment.
StudySmarter Expert Advice🤫
We think this is how you could land Head of PaaS Product & Growth
✨Tip Number 1
Network like a pro! Get out there and connect with people in the fintech space. Attend industry events, join relevant online forums, and don’t be shy about reaching out on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Show off your expertise! Create a portfolio or a personal website showcasing your achievements in product development and payments. This is your chance to demonstrate your skills and vision for PaaS. Make it easy for potential employers to see what you bring to the table.
✨Tip Number 3
Prepare for interviews by diving deep into the company’s PaaS offerings. Understand their current products and think about how you can contribute to their growth. Bring fresh ideas to the table during your interview – they’ll love your entrepreneurial spirit!
✨Tip Number 4
Don’t forget to apply through our website! We’re always on the lookout for passionate individuals who want to shape the future of payments. Plus, applying directly gives you a better chance of being noticed by our hiring team.
We think you need these skills to ace Head of PaaS Product & Growth
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Head of PaaS Product & Growth role. Highlight your experience in payments and product development, and don’t forget to showcase any relevant achievements that align with our vision for Payments-as-a-Service.
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to tell us why you’re passionate about PaaS and how your background makes you the perfect fit. Be sure to mention specific projects or experiences that demonstrate your skills in commercialisation and product leadership.
Showcase Your Strategic Thinking:In your application, we want to see your strategic mindset. Share examples of how you've defined roadmaps or shaped visions in previous roles. This will help us understand how you can contribute to our ambitious goals in the PaaS space.
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It’s the best way for us to receive your application and ensures you’re considered for this exciting opportunity to shape the future of PaaS with us!
How to prepare for a job interview at Lloyds Banking Group
✨Know Your PaaS Inside Out
Make sure you have a solid understanding of Payments-as-a-Service and the latest trends in the payments industry. Brush up on key concepts like API-based platforms and embedded finance, as these will likely come up during your interview.
✨Showcase Your Strategic Vision
Prepare to discuss your vision for the future of PaaS. Think about how you would define a multiyear roadmap and what innovative propositions you could bring to the table. Be ready to share examples from your past experiences that demonstrate your strategic thinking.
✨Demonstrate Cross-Functional Leadership
Highlight your experience in leading cross-functional teams. Be prepared to talk about how you've successfully guided projects from conception to delivery, ensuring all stakeholders are aligned. Use specific examples to illustrate your ability to manage complex projects.
✨Prepare for Commercial Discussions
Since this role involves developing investment cases and tracking commercial outcomes, be ready to discuss your experience with financial metrics and business cases. Think about how you can articulate the value of your previous projects and how they contributed to commercial success.
