PM, Banking Foundations

About AngelList

Private markets are the new public markets. The most important companies of this era are private, and almost no one can own them. What's missing is the financial system public markets spent a century building: exchanges, custodians, brokers, and ways for ordinary people to buy in. Private markets, now $28T, never had the equivalent. AngelList is building it.

The last decade of structural innovation in venture happened here: syndicates, SPVs at scale, Rolling Funds, scout programs. Today we have $200B+ in assets and 30,000+ startups funded on our platform. The rest of private markets is next. Funds is the software and services behind private funds, Nova is the banking network, Meridian is the wealth platform for accredited investors, and USVC is the brand behind a registered fund that lets anyone invest in venture.

Working here means an unusual amount of agency on a problem that matters. Titles are closer to suggestions, and there are about 200 of us building what private markets never had. Come build it with us.

 

About the Role

Nova is the payments network for private markets. Inside AngelList, it's moved $90B between funds and investors over five years. Now we're expanding it to the rest of venture, private equity, and real estate by partnering with the fund admins who serve them.

The Banking Foundations PM owns the underlying systems Nova depends on across two areas:

• Our banking platform, which covers the ledger, transfer and account models, and our bank integrations.
• Our risk and compliance systems, which cover KYC and KYB, entity verification, and the screening and monitoring that keep Nova compliant as it grows.

You will set the strategy for both, define the decade-long abstractions other teams build on, and own the reliability of both systems as a whole.

Responsibilities:

• Own the strategy and roadmap for Nova’s banking platform and risk and compliance systems, including the capabilities we need from our banking partners to achieve business and customer outcomes.
• Own and evolve our public banking APIs as we expand our product surface area, including interfacing with customers and acting as the technical voice in sales discussions when needed.
• Work with engineering to define and evolve decade-long abstractions that the product teams will build on, including our accounts, transfers, entities, and verifications primitives.
• Work with Compliance and AML to evolve Nova’s KYC, transaction monitoring, and risk scoring systems, accounting for requirements that differ across our banking partners
• Build the tools our Banking Ops and Compliance teams use to monitor, investigate, and resolve issues across accounts and money movement

You have:

• 8+ years in product management, including at least 3 in banking, payments, ledger, or compliance infrastructure
• Hands-on experience with payment rails like ACH, wires, and real-time payments, including settlement, returns, reversals, and reconciliation
• Built or scaled internal platforms that other product teams depend on
• Owned KYC, KYB, or AML systems, including verification provider integrations, beneficial ownership for complex entities, and ongoing monitoring
• Led a migration of live accounts, money flows, or customer data between providers, including the data cleanup and edge cases it requires
• Can engage engineers as a peer on data models, state machines, idempotency, and transactional integrity, then explain the tradeoffs to leadership and Compliance in plain terms

Working Here

If you don’t meet every requirement above, we still encourage you to apply. We value complementary strengths and operators who learn by doing.

AngelList has offices in a few cities, New York City and San Francisco. We have a hybrid in-office model: teammates come in at least 2 days per week (Tuesdays and either Wednesday or Thursday). 

Compensation:
The compensation for this role consists of a competitive base salary, benefits, and equity package. The base salary for this role is $240,000+ annually but actual will vary based on a number of factors including a candidate’s professional background, experience, and location. Additional details about our Total Rewards package will be provided during the recruitment process.

Benefits:
We support your life both in and outside of work.
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What Guides Us:
At AngelList, we are united in our purpose to accelerate innovation and build the future of private markets. Our beliefs and values shape what we work on and how we create impact. If the below resonate, we’d love to have you with us.
Our beliefs
Our values & leadership expectations

AngelList is an equal opportunity employer and we value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.