Sr Manager, Financial Products & Services (prepaid)

Sr Manager, Finance Products and Services

Working at Target means helping all families discover the joy of everyday life. We bring that vision to life through our values and culture. Learn more about Target here.

A role in Financial Products & Services (FPS) means joining a high-impact team that designs and manages Target's financial offerings—like Target Circle Card, Gift Cards, and Payments—to deliver intuitive, rewarding, and trusted experiences. You'll drive transformation through innovation, digital engagement, and strong cross-functional collaboration, directly influencing enterprise strategy and Guest loyalty. From shaping strategy to managing P&Ls, your work helps position Target as a destination for simple, smart, and accessible financial solutions.

As a Sr Manager, Finance Products and Services, you will serve as a strategic leader responsible for shaping the growth and evolution of Target's Prepaid program. This role is specifically focused on advancing Target's prepaid portfolio, including Target GiftCards and Open Loop offerings, across all channels.

You will own the strategic direction and performance of the prepaid category, including channel-level P&L outcomes, promotional and merchandising strategy, and business development initiatives. As the category leader, you will define how prepaid products show up for guests across the full lifecycle—from discovery and purchase through redemption—while driving engagement, accessibility, and financial performance.

This role operates at the intersection of multiple enterprise priorities, requiring strong cross-functional leadership across FP&S, Stores, Digital, Supply Chain, Cyber, and Compliance. You will act as both an owner and a strategic influencer—setting direction for the prepaid business while aligning partners to deliver against growth, fraud mitigation, and operational excellence goals.

Core Responsibilities:

• Define and lead the multi-year strategy for Target's Prepaid program, aligning to enterprise priorities and long-term growth ambitions
• Own category performance, including channel-level P&L, driving outcomes across growth, margin, cost, and guest engagement
• Lead business performance routines, using data and insights to assess trends, identify root causes, and drive actions that improve category outcomes
• Identify and activate opportunities across assortment, pricing, promotions, and omni-channel experiences, supported by clear performance metrics and KPIs

Enterprise Leadership & Cross-Functional Influence

• Serve as a strategic thought partner and thought leader across FP&S and enterprise leaders, influencing decisions through data-driven insights, strategic narrative, and clear recommendations
• Lead through matrixed teams to drive alignment, influence prioritization, and deliver complex, cross-functional initiatives
• Set priorities and guide trade-off decisions that balance guest experience, financial outcomes, and operational feasibility
• Build strong internal and external partnerships to accelerate decision-making and execution

Guest Experience, Fraud & Risk Management

• Shape the end-to-end prepaid guest experience across all touchpoints—from purchase through redemption—across stores and digital channels
• Co-own fraud strategy with Cyber and Compliance, driving controls that balance risk mitigation with a seamless guest experience
• Ensure alignment with regulatory requirements and evolving risk landscapes

Business Development & External Engagement

• Lead engagement with external partners and industry stakeholders to unlock new capabilities and growth opportunities
• Identify and evaluate new growth opportunities, including emerging capabilities, partnerships, and industry trends
• Support Target's presence in industry forums and external initiatives related to prepaid

About you:

• Four Year Degree, preferably in Finance or Business-related area, or equivalent experience
• 8+ years of experience in strategy, category management, product management, or related fields
• Strong financial acumen with experience managing or influencing P&L performance
• Proven ability to operate at both strategic and executional levels in ambiguous environments
• Experience building and sustaining senior-level partnerships across functions
• Strong analytical, problem-solving, and decision-making skills
• Excellent communication skills with the ability to influence through clear storytelling and insights
• Experience in payments, prepaid, financial services, or retail preferred

Benefits Eligibility

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Americans with Disabilities Act (ADA)

In compliance with state and federal laws, Target will make reasonable accommodations for applicants with disabilities. If a reasonable accommodation is needed to participate in the job application or interview process, please reach out to candidate.accommodations@HRHelp.Target.com. Non-accommodation-related requests, such as application follow-ups or technical issues, will not be addressed through this channel.