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A leading company in the fintech industry seeks an experienced payment professional to join their Embedded Payments Product Management team. This remote position entails comprehensive product management and collaboration across legal, compliance, and risk teams. Candidates should have a strong background in payment methods and product development, with expertise in managing P&L and regulatory compliance.
This is a remote role that may be hired in several markets across the United States.
First Citizens and Silicon Valley Bank are the most sought-after financial partner in the global innovation economy. We bring together entrepreneurs, investors, ventures capitalists, and private equity firms to move their bold ideas forward, fast.Our clients define what comes next.
We are seeking an experienced, well-rounded payment professional to join the Embedded Payments On Behalf Of Product Management team. The ideal individual will have experience across multiple payment methods and product management.
The Embedded Payments On Behalf Of Product Management team is responsible for a portfolio of innovation economy Fintech clients that facilitate payments on behalf of their customers (C2s). These Fintech clients provide payment services to a wide variety of end customers across multiple industries utilizing a variety of payment methods via OBO and For Benefit Of (FBO) custodial accounts.
- Comprehensive product management of unique OBO and FBO account types including core system account setup, FDIC insurability requirements, reconcilement, profitability, product development and other duties as assigned.
- Facilitate client risk management efforts including ensuring appropriate documentation and ongoing oversight.
- Partner with legal to develop and maintain OBO and FBO legal documentation and all complex 3rd party fintech relationships.
- Maintain policies, standards, and procedures for OBO and FBO use cases across onboarding, monitoring, and offboarding.
- Collaborate with product, risk, compliance, and legal teams to ensure that risk controls are aligned with both regulatory requirements and the evolving needs of the portfolio.
- Partner with relationship teams to ensure that portfolio growth, profitability, and innovation are balanced with effective risk management.
- Establish and maintain OBO & FBO pricing strategy while helping to manage product profitability.
- Drive product enhancements with core product management partners including business case development, requirement documentation, and product launch.
- Drive Go to Market efforts for core product payment methods and channels as applicable to OBO payment use cases.
Basic Qualifications:
Preferred Qualifications:
This job posting is expected to remain active for 45 days from the initial posting date listed above. If it is necessary to extend this deadline, the posting will remain active as appropriate. Job postings may come down early due to business need or a high volume of applicants.
If hired in [IL, AZ, NC, CO or TX], the base pay for this position is generally between $95,000 and $130,000, Actual starting base pay will be determined based on skills, experience, location, and other non-discriminatory factors permitted by law. For some roles, total compensation may also include variable incentives, bonuses, benefits, and/or other awards as outlined in the offer of employment.
First Citizens benefits programs are designed to meet our associates where they are in life. Full-time associates (20+ hours) are offered a comprehensive benefits program, with customized offerings, including those designed to support families, however defined. More information regarding our benefits offerings can be found here: https://jobs.firstcitizens.com/benefits