Senior Product Manager — Balance

DLocal

Job Location:

Madrid - Spain

Monthly Salary: Not Disclosed

Posted on: 5 hours ago

Vacancies: 1 Vacancy

Job Summary

Why should you join dLocal

dLocal enables the biggest companies in the world to collect payments in 40 countries in emerging markets. Global brands rely on us to increase conversion rates and simplify payment expansion effortlessly. As both a payments processor and a merchant of record where we operate we make it possible for our merchants to make inroads into the worlds fastest-growing emerging markets.

By joining us you will be a part of an amazing global team that makes it all happen. Being a part of dLocal means working with 1000 teammates from 30 different nationalities and developing an international career that impacts millions of peoples daily lives. We are builders we never run from a challenge we are customer-centric and if this sounds like you we know you will thrive in our team.

Whats the Opportunity

Every payin and payout at dLocal runs through Balance. Its not a feature its the core infrastructure that determines whether a merchant can process a transaction at all. The Balance squad owns the engine that sits behind every currency every country every settlement window and every overdraft decision across the platform.

We are looking for a Senior Product Manager to own and evolve the Balance squad. Your mission: make dLocals balance system the most reliable flexible and intelligent merchant money engine in emerging markets one that powers multi-currency balances a structured overdraft product and the post-transactional logic that drives split payments and complex settlement flows.

What will I be doing

Balance architecture. Own the balance strategy end-to-end: define how merchant funds are tracked held and made available across currencies countries and settlement windows. This is foundational infrastructure decisions here ripple through every product in the platform.
Overdraft product. Build and launch the overdraft product: design the pricing framework (daily negative balance fees credit lines availability charges) set guardrails in coordination with Treasury Risk and Revenue and expose configuration to commercial teams via Fee Manager. Overdraft is already live informally your job is to make it a real scalable monetizable product.
Multi-balance. Define and implement multi-balance capabilities: allow merchants to hold and operate independent balances per currency (e.g. USD LCY) ensuring payouts FX conversions and withdrawals pull from the right bucket at the right moment without manual accounting hacks.
Post-transactional flows. Own post-transactional flows including split payments: define how funds are allocated at the balance layer after settlement (BNPL flows split models PSP-to-merchant settlement). Coordinate with Platforms and Finance to ensure transactional balance accuracy matches real fund flows.
Reconciliation. Drive balance reconciliation and operational accuracy: work with Finance and Engineering to ensure the balance engine reconciles daily surfaces discrepancies early and reduces manual interventions.
Cross-functional ownership. Lead cross-functional squads Engineering Treasury Finance Risk Revenue and Compliance to deliver. Bring structure to multi-team dependencies and keep things moving without formal authority.
Product specs & technical depth. Write tight specs and work directly with Engineering on architecture decisions. The balance layer is complex and tightly coupled you need to understand the system well enough to make confident calls.
Measure what matters.Define success metrics measure outcomes and iterate. Ship fast learn fast.

What skills do I need

PM depth. 5 years in product management owning the full lifecycle discovery through delivery and optimization.
Domain expertise. Fintech background: youve worked on payments infrastructure ledger systems settlement treasury or credit products. You know what a balance engine actually does.
Technical fluency. Technical fluency: youve worked hands-on with REST APIs read system design docs and can make architecture trade-offs without engineering holding your hand.
Autonomous by default. You set your own priorities unblock dependencies and push projects forward especially in a complex multi-team environment.
Bias for action. You move decide and ship. The balance system has real merchants waiting on real features.
Cross-functional ownership. You bring structure to messy multi-team initiatives and keep them moving. Treasury Risk Finance Engineering Revenue you coordinate all of them.
IC mindset. Comfortable and motivated as an IC today with real leadership potential for tomorrow.
Work permit.EU citizen; This is a hard requirement. no exceptions.

What do we offer

Besides the tailored benefits we have for each country dLocal will help you thrive and go that extra mile by offering you:

- Flexibility: we have flexible schedules and we are driven by performance.

- Fintech industry: work in a dynamic and ever-evolving environment with plenty to build and boost your creativity.

- Referral bonus program: our internal talents are the best recruiters - refer someone ideal for a role and get rewarded.

- Social budget: youll get a monthly budget to chill out with your team (in person or remotely) and deepen your connections!

- dLocal Houses: want to rent a house to spend one week anywhere in the world coworking with your team Weve got your back!

Flexibility in how you work: We focus on impact and productivity over fixed hours. This means our teams have flexible schedules and depending on your role and location you will combine selfmanaged focus time with moments of inperson connection in our collaboration hubs.

What happens after you apply

Our Talent Acquisition team is invested in creating the best candidate experience possible so dont worry you will definitely hear from us. We will review your CV and keep you posted by email at every step of the process!

Also you can check out ourwebpage Linkedin and Youtubefor more about dLocal!

We may use artificial intelligence (AI) tools to support parts of the hiring process such as reviewing applications analyzing resumes or assessing responses. These tools assist our recruitment team but do not replace human judgment. Final hiring decisions are ultimately made by humans. If you would like more information about how your data is processed please contact us.

Required Experience:

Senior IC

Why should you join dLocaldLocal enables the biggest companies in the world to collect payments in 40 countries in emerging markets. Global brands rely on us to increase conversion rates and simplify payment expansion effortlessly. As both a payments processor and a merchant of record where we opera...