About the role
Product Manager - Cash Management - Lorum Return to jobs list Product Manager - Cash Management Job type: Full Time · Department: Product · Work type: On-Site · USD 150,000-250,000 / year New York, New York, United States Job details Application form * This is a hybrid role 4days/week in our New York City (FiDi) About Lorum The structural conflict at the centre of correspondent banking is not technological. It is economic. Banks earn revenue from their balance sheets: they lend deposits, capture FX spreads, and hold funds as long as it is rational to do so. Clearing, the act of releasing funds quickly and predictably, competes directly with those economics. An institution designed to lend has a structural incentive to hold deposits; an institution designed to clear has an incentive to release them. When one institution does both, clearing loses. The result is unpredictable settlement, trapped capital, and a correspondent network shrinking by design. Why Lorum Lorum was founded on a different premise: clearing as the business, not a byproduct. The model has been operational since 2023 and grew 55x in 2025, with USD clearing now the majority of volumes alongside a growing treasury offering. We have applied for a U.S. national trust bank charter. The people we hire now will build the clearing and treasury infrastructure it unlocks.
About
the role As a Product Lead for Cash Management, you aren't just managing a backlog—you are owning a business line . You will be responsible for the strategic vision, commercial P&L, and operational integrity of our cash management suite. You will bridge the gap between complex US banking regulations, treasury operations, and scalable technology. You don't wait for permission from engineering; you define the "What" and the "Why," ensuring our infrastructure is a competitive moat, not just a utility. Cash Management is not just a feature set; it is an integral product line for financial institutions leveraging Lorum's infrastructure. By unifying liquidity with our custody and clearing products, our Cash Management suite empowers clients to manage their global balances actively - allowing our customers to efficiently buy FX at wholesale spot rates, hedge currency risk directly with FX derivatives, and actively earn interest on their managed funds through exposure to traditional and tokenized fixed-income assets. You’ll be building a treasury trading and management platform from the ground up. Key
