Banking Product Specialist

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Open Date: 11/02/2020

Close Date: 10/03/2020

Location: Albert House, Old street, London, EC1V 9DD

Thought Machine is solving one of the biggest problems in banking. Since launching in 2014, our mission has been to liberate banks from outdated, legacy technology which stifles their ability to innovate. Thought Machine’s core product is a cloud native, core banking engine built to run any type of bank - from established Tier 1 banks all the way to new challenger banks.

To move closer to achieving our mission, we are looking for highly talented individuals to join the fast growing team. With a founding team drawn from Google, we have a deep culture of engineering excellence and we believe it is this which delivers a solution compelling enough to engender a seismic shift in the banking industry.

Thought Machine was recognised on LinkedIn’s Top Startups List (2019) and named in Fintech 50 (2019). We pride ourselves on having an excellent internal culture, where we take cultural fit as important as technical fit when we make new hires. At Thought Machine, we strive hard to create a fast-paced, supportive and fun working environment to enable the team to produce the best technical work in the industry.

Thought Machine is looking for an expert in banking products to help design and build such products in Thought Machine’s core banking platform. You will have worked with banking product design and specification and have first hand knowledge of how these products operate, including mortgages, current accounts, savings, loans and credit cards.

You will work in the team responsible for building these products, which will be deployed in Thought Machine’s cloud native core banking engine.


  • Design banking products for new markets or for new banking clients
  • Understand the regulations applicable for those products
  • Research product operations and necessary regulations in different markets and apply this knowledge to produce regional variations
  • Work with the engineering team to lead the implementation of these products in Thought Machine’s smart contract system
  • Produce design documents detailing all relevant aspects of the product for build



  • In depth knowledge of how banking products, such as current accounts, mortgages and credit cards operate
  • Previous experience implementing/delivering retail products to clients
  • In-depth knowledge of financial services regulation in the UK, as well as additional relevant jurisdiction in North America, the EU and/or Asia
  • Ability to work within a cross functional environment particularly with Sales, Product and Engineering teams
  • Excellent analytical approach and problem solving skills with attention to detail


  • Global coverage of products and regulations associated with the retail banking industry


  • Highly competitive salary
  • Pension plan
  • Private health insurance (including dental & optical)
  • Cycle to work scheme
  • Season ticket loan
  • Onsite gym
  • Sports and hobby clubs, subsidised by Thought Machine
  • All the latest tech you need
  • Start the day properly with fresh fruit and cereals
  • Huge range of healthy (and not so healthy) snacks, smoothies, juice, tea, coffee and soft drinks on tap
  • A talented & experienced team as your colleagues
  • An environment where we encourage learning and progress
  • Weekly food pop up
  • Monthly social with arcade games

Thought Machine is committed to making a measurable positive impact on people's everyday lives. We are an equal opportunity employer and value diversity at our company. We actively hire for cultural growth. We welcome people of all ages, backgrounds and value people who take a journey unique to them. We provide everyone with equal access to professional development. You are encouraged to apply even if your experience doesn't precisely match the job description.

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