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 new revenue opportunities.
- Benefits: Generous pension, performance bonuses, share schemes, and 30 days holiday.
- Other info: Hybrid working model with a dynamic environment and growth potential.
- Why this job: Shape the future of payments and make a real impact in fintech.
- Qualifications: Experience in payments, product development, and strong strategic thinking skills.
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 Product, Payments-as-a-Service employer: Lloyds Banking Group
Join the UK’s largest digital bank as the Head of Product for Payments-as-a-Service, 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. Embrace the chance to shape the future of payments while enjoying a supportive environment that prioritises employee wellbeing and work-life balance.
StudySmarter Expert Advice🤫
We think this is how you could land Head of Product, Payments-as-a-Service
✨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 past projects, especially those related to payments and product development. This is your chance to demonstrate your skills and vision, making you stand out to potential employers.
✨Tip Number 3
Prepare for interviews by diving deep into the company’s PaaS offerings. Understand their market position, competitors, and recent developments. Tailor your responses to show how your experience aligns with their goals, and don’t forget to ask insightful questions!
✨Tip Number 4
Apply through our website! We’re always on the lookout for passionate individuals ready to shape the future of payments. Make sure your application reflects your unique skills and experiences that align with the Head of Product role. Let’s make it happen together!
We think you need these skills to ace Head of Product, Payments-as-a-Service
Some tips for your application 🫡
Tailor Your CV:Make sure your CV speaks directly to the role of Head of Product, Payments-as-a-Service. Highlight your experience in payments and product development, and don’t forget to showcase any relevant achievements that align with our vision for PaaS.
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to tell us why you’re passionate about payments and how your background makes you the perfect fit for this role. Be sure to mention specific projects or experiences that demonstrate your skills.
Showcase Your Strategic Thinking:In your application, we want to see your strategic mindset. Discuss how you've defined roadmaps or shaped commercial models in previous roles. This will help us understand how you can contribute to our PaaS ambitions.
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 don’t miss out on any important updates from our team!
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 how it fits into the broader financial landscape. Familiarise yourself with current market trends, regulatory changes, and emerging technologies in payments. This will not only help you answer questions confidently but also demonstrate your passion for the role.
✨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 where you've successfully shaped product strategies or business cases.
✨Highlight Cross-Functional Collaboration
This role requires working closely with various teams, so be prepared to talk about your experience in leading cross-functional projects. Share specific examples of how you've partnered with engineering, operations, and regulatory teams to deliver successful products. Emphasise your ability to influence stakeholders and secure alignment across complex organisations.
✨Demonstrate Analytical Skills
Since the role involves tracking commercial outcomes and performance metrics, be ready to discuss how you've used data to drive decisions in previous roles. Prepare to explain your approach to problem-solving and how you've tackled challenges in product development or market expansion.
