Job Description
In 1910, a Norfolk lawyer named Arthur Morris kept seeing the same thing: a steadily employed worker needed a small loan, the banks turned him away for lack of collateral, and he was left with nowhere reputable to borrow. Morris decided a banking system that shut out most of the people it was meant to serve had a "weak spot" worth fixing, so he built a lender that lent on character and steady income, backed by two references and repaid in small installments. What made it matter wasn't any single loan, but that Morris turned the idea into a repeatable system and scaled it to more than a hundred Morris Plan banks across thirty-seven states. A century later, the hard part is unchanged: making one good loan is easy; building a business that makes millions of them well is hard. Mercury is building a banking*-grade lending business, where credit extends the trust businesses already place in us to hold and move their money. We need a leader to turn that foundation into a thriving, responsibly-scaled business. We’re looking for a Head of Product to own Mercury's lending business end-to-end: defining product strategy, leading a team of product managers and lending specialists, driving growth, and ultimately owning business performance and P&L outcomes. You will work closely with credit, sales and finance to grow originations while maintaining healthy approval rates, repayment performance, and loss outcomes. *Mercury is a fintech company, not an FDIC-insured bank. Banking services provided through Choice Financial Group and Column N.A., Members FDIC. Key responsibilities Own the business lending P&L and strategy: Set the multi-year strategy - which products to build, which segments to serve, how to grow originations against economic and credit targets. Own the numbers. Build and scale the lending org: Recruit, develop, and lead a high-performing PM team,
