Senior Director I, Product Management (US) - Portfolio Management

Position Summary...
What you'll do...
About Store N o 8
We are the incubation arm of Walmart. Store N o 8 was formed in 2017 as part of Walmart's larger innovation mission to shape the future of commerce. We pursue big ideas and take risks by stepping outside of Walmart's core business to focus on leapfrog capabilities across conversational commerce, mixed reality, in-store digitization, and more. Our ultimate goal: fuel Walmart's core business, create new operational efficiencies, and unlock amazing experiences for our customers in the long-term.
About the Role
As the Senior Director, Portfolio Management for Store N o 8 , you will be a key member of Store No.8's core team, responsible for managing the operational success of our portfolio companies. This includes providing leadership to the following key capability areas: portfolio strategy, performance management and portfolio operations (which includes both owned and coordinated shared services).
You will work closely with start-up GMs to serve as an advisory thought-partner to ensure roadmap assumptions, OKRs and other performance metrics are set, monitored, and met. You will have a firm understanding of the domains in which our start-ups operate, and provide strategic guidance and structure on any pivots, evaluate progress against milestones and prepare for exits. Additionally, you will provide strategic leadership to our Operations and Shared Services teams including building and delivering on a fit-for-purpose operating model for Store N o 8 start-ups.
Representing the portfolio companies, you will be the primary senior interface with all our functional partners (e.g., Talent Acquisition, Human Resources, Procurement, IT) and provide executive guidance on building effective models to support our portfolio. This will include negotiating custom service levels with Walmart in a manner that feels collaborative and inspires existing teams to accept changes to hard-coded corporate processes.
What You'll Do • Be the bridge between Store No.8 start-ups and Walmart's core support functions• Manage a small team built for outsized impact including 2 Director-level direct reports and other strategy and operations professionals to support the maturation and execution of the Store N°8 portfolio management function• Bring mature start-up portfolio management and value creation expertise, experience, and best practices to further build-out the Store No.8 incubation operating model• Conduct regular monitoring and valuation of the portfolio to understand value created by Store No.8 overall and by the active management of the Store N o 8 portfolio specifically• Provide active mentorship and guidance to Store No.8's Portfolio Strategy function to further drive portfolio value creation, including advisory that is grounded in contextual understanding of the domains in which we operate• Serve as seasoned advisor/mentor to leaders in our start-ups as they build out their business operations, refine their business models and/or evaluate pivots• Build out a mature start-up operations function including owned and coordinated services• Enable acceleration in our start-ups by building a world-class Strategy & Operations capability to drive shared-value activities (e.g., rapid onboarding, market intelligence, prototyping, etc.) across the portfolio• Provide active project-based leadership to Store No.8's Special Operations function that leans-in to provide time-bound consultative support to start-ups on a project basis (e.g., company stand-up, exits, infrastructure buildouts, store tests)• Serve as Store No.8's senior operations partner to Walmart's functional leaders, continuously evangelizing Store No.8's mandate and vision, refining and iterating support structures as needs evolve and thoughtfully balancing process with risk exposure• Identify risks and roadblocks that impede our start-ups from functioning at speed, escalating concerns to Store No.8 Leadership where needed• Active mentorship to help start-ups succeed within the parameters of a larger organization, removing barriers and obstacles that impact performance• Coordinate and build relationships across relevant Walmart business units to ensure continued stakeholder buy-in as initiatives mature
What You'll Need • 10-15 years of experience in business operations, start-up operations, VC or PE operations, portfolio value creation, early-stage portfolio management, with escalating responsibility• MBA and top-tier management consulting experience very strongly preferred• Experience creating and delivering shared and coordinated services to early-stage businesses• Demonstrated experience working with early stage/tech companies, with a foundational understanding of tech company operations, and value creation drivers• Self-starter with strong analytical skills and very high degree of comfort with change, iteration, and ambiguity• Able to build teams that create lasting capabilities including managing and influencing senior direct and indirect reports• Able to deal tactfully, respectfully, and effectively with a diverse array of individuals - from start-up GMs to senior functional and business leaders at Walmart; develop and communicates logical, convincing arguments to build support and influence even without direct authority• Strong and persuasive communication style with an executive presence to interact with very senior leaders across the organization• Able to identify problems and/or opportunities for improvement, assesses viable solutions, and structure and execute complex projects and comprehensive action plans• Ability to drive large-scale projects, define service levels, processes, and ways of working through multiple functions and teams• Convey a sense of urgency in ways that motivate others to achieve goals• Use relevant business metrics and analyses to measure, monitor, and improve performance. Identify and apply sound, fact-based criteria in setting priorities and making decisions• Highly organized and self-motivated with distinctive problem-solving capabilities• Collaborative and involve others in decisions and plans that affect them, when appropriate• Equally comfortable devising strategic initiatives and operationalizing tactical projects
Perks and Benefits
Beyond competitive pay, you can receive incentive awards for your performance. Other great perks include 401(k) match, stock purchase plan, paid maternity and parental leave, PTO, multiple health plans, and much more.
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Walmart, Inc. is an Equal Opportunity Employer - By Choice. We believe we are best equipped to help our associates, customers, and the communities we serve live better when we really know them. That means understanding, respecting, and valuing diversity- unique styles, experiences, identities, ideas, and opinions - while being inclusive of all people.
Minimum Qualifications...
Outlined below are the required minimum qualifications for this position. If none are listed, there are no minimum qualifications.
Bachelor's degree in Business Administration, Computer Science, Engineering, Communications, or related field and 7 years' experience in
product management or related field OR 9 years' experience in product management or related field.
3 years' experience building and leading high performing teams.
5 years' experience leading cross-functional teams.
Preferred Qualifications...
Outlined below are the optional preferred qualifications for this position. If none are listed, there are no preferred qualifications.
Building and leading high performing teams, Consulting and advising business partners utilizing detailed analysis, Gathering, identifying, defining, and communicating requirements., Leading product or solution development, Proven track record of successful product creation with measurable and significant business impact
Masters: Business Administration, Masters: Computer Engineering, Masters: Computer Science
Primary Location...
121 River St, Hoboken, NJ 07030-5989, United States of America