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 leadership, and strong analytical 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 in London 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 prioritises employee growth and collaboration. With a competitive salary, generous pension contributions, and a flexible hybrid working model, you will have the opportunity to shape the future of payments while enjoying 30 days of holiday and wellbeing initiatives tailored to your lifestyle. This role not only offers a chance to lead transformative projects but also provides access to unique benefits such as share schemes and performance-related bonuses, making it an exceptional place for those seeking meaningful and rewarding employment.
StudySmarter Expert Advice🤫
We think this is how you could land Head of Product, Payments-as-a-Service in London
✨Tip Number 1
Network like a pro! Get out there and connect with people in the payments and 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!
✨Tip Number 2
Show off your expertise! When you get the chance to chat with potential employers or during interviews, make sure to highlight your experience in product development and commercialisation. Share specific examples of how you've shaped successful payment products in the past.
✨Tip Number 3
Be proactive! If you see a company you’re keen on, don’t wait for them to post a job. Reach out directly through our website and express your interest in working with them. Tailor your message to show how your skills align with their PaaS ambitions.
✨Tip Number 4
Prepare for those tricky questions! Brush up on your knowledge of market trends and regulatory changes in the payments sector. Being able to discuss these topics confidently will set you apart and show that you’re ready to lead the charge in Payments-as-a-Service.
We think you need these skills to ace Head of Product, Payments-as-a-Service in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Head of Product role. Highlight your experience in payments and product development, and don’t forget to showcase any relevant achievements that align with our PaaS vision.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re the perfect fit for this role. Share your passion for payments and how your background in fintech can help shape our PaaS strategy. Keep it engaging and personal!
Showcase Your Strategic Thinking:In your application, demonstrate your strategic mindset. Discuss how you've previously defined roadmaps or developed commercial propositions. We want to see your ability to think big and drive results!
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 ensure it gets the attention it deserves. Don’t miss out on this exciting opportunity!
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. Familiarise yourself with the company's current offerings and think about how you can contribute to their vision and roadmap.
✨Showcase Your Strategic Thinking
Prepare to discuss your experience in developing commercial propositions and business cases. Be ready to share specific examples of how you've shaped product strategies and influenced stakeholders in previous roles.
✨Demonstrate Cross-Functional Collaboration
Highlight your ability to work with various teams, such as engineering and operations. Share stories that illustrate how you've successfully led cross-functional projects and ensured alignment across different departments.
✨Prepare for Market Insights
Research the competitive landscape and be prepared to discuss potential partnership opportunities. Show that you can identify customer needs and design innovative solutions that align with market demands and regulatory changes.
