Product Manager, Payments

Job description

WHAT IS KALSHI? Kalshi has defined a new category: prediction markets. Kalshi allows people to trade on the outcome of any events and turn any question about the future into a financial asset. Kalshi fought for years and legalized prediction markets in the US for the first time in history, is currently the fastest growing financial market in America, and has thousands of markets across politics, economics, financials, weather, tech, AI, culture and more. We believe prediction markets have the potential to be the largest financial market because they turn anything into a financial position. - Our vision: well… build the largest financial market on the planet. - Our mission: bring more truth to the world through the power of markets. Our culture is simple: we hire really talented people, work really hard, and enjoy the climb. We are looking for ambitious and exceptional people to join our (relatively small) team to help us build the next generation of financial markets. ROLE ROADMAP Prediction markets only work if users trust that their money is safe, their identity is respected, and the platform behaves like the regulated financial infrastructure it is. Every product team at Kalshi depends on the money layer working. You'll be the person who makes sure it does -- and the person who turns it from infrastructure into a competitive advantage. We're looking for a payments product lead to own how money moves through Kalshi. You'll be the single PM accountable for every dollar in, every dollar out, and every risk and identity decision in between. This role spans payment rails, user-facing flows, risk, and fraud -- and it's one of the highest-leverage IC seats at the company. The work is high-stakes, deeply technical, and consequential to every user on the platform. WHAT YOU'LL DO - Translate complex payment flows into simple, intuitive money movement user experiences across all rails -- ACH, debit, wires, stablecoins and more - Define and improve key payment performance metrics (authorization rates, chargebacks, reliability) through rigorous data-driven experimentation - Own provider strategy and relationships across banking partners, card networks, processors, and stablecoin infrastructure -- you'll know who to call when something breaks and shape the terms that protect our margins and our users - Manage cost across the rails stack: chargebacks, processing fees, FX, and reserves - Own end-to-end user journeys across identity and risk -- pass rates, deposit rates, false positives, and user dropoffs; you'll obsess over the funnel and run the experiments that move it - Drive fraud and AML programs in close partnership with risk, compliance, and legal -- includes transaction monitoring, sanctions screening, and dispute operations WHAT YOU BRING - 6+ years in product management with significant time in payments, fintech infrastructure, or regulated financial products -- exchange, brokerage, neobank, or high-volume consumer fintech backgrounds are all relevant - Deep hands-on fluency with payment rails, KYC/AML providers, and fraud tooling -- you've debugged a stuck ACH return, read a chargeback representment, and shipped a KYC vendor swap - Product instinct above all -- you read funnels, run experiments, and treat compliance as a design constraint to optimize around, not a wall to hide behind - High tolerance for ambiguity, speed, and the specific kind of pressure that comes with owning real money flows for real users - Fluency in crypto and stablecoin infrastructure for payments NYC PAY TRANSPARENCY DISCLOSURE Salary Range: $180,000 to $240,000 annually plus equity and benefits. This salary range is based on the current available market data and represents the expected salary range for this role. Kalshi has minimal hierarchy and few titles, but has broad ranges of experience represented within roles. Should you have compensation expectations that exceed these bands, we'd love to hear from you and would welcome you to reach out to further discuss. OUR CULTURE Meritocracy is at our core, and we value people who take ownership and figure (usually hard) things out. We dream big. We love our craft deeply and are proud of what we put out in the world. We are committed to our vision of building something big… but also useful: a product that brings more truth through the power of markets. Kalshians are Kalshi’s most important asset: we pick Kalshians carefully, so we trust them fully on day 1. COMMITMENT TO EQUAL OPPORTUNITY Kalshi is committed to creating a culture of inclusion and belonging, and we are proud to be an equal opportunity employer. We believe it is our collective responsibility to uphold these values and encourage candidates from all backgrounds to join us in our mission. All qualified applicants will be treated with respect and receive equal consideration for employment without regard to race, color, creed, religion, sex, gender identity, sexual orientation, national origin, disability, uniform service, veteran status, age, or any other protected characteristic per federal, state, or local law. If you are passionate about what you do and want to use your talents to support our mission and values, we’d love to hear from you.