Payments Business Product Manager- Vice President

Deutsche Bank; East Farmingdale (NY); Hybrid; USD 140,000 - 217,000; Full time

Job summary

An established industry player is seeking a Payments Business Product Manager to lead strategic initiatives in US Corporate Cash Management Payment Services. This dynamic role requires oversight of various payment platforms, including Wire/RTGS and ACH, ensuring compliance and risk management while driving product development and market strategies. The successful candidate will collaborate with cross-functional teams to enhance service offerings and support business growth. With a hybrid working model, this position offers a unique opportunity to make a significant impact in a diverse and inclusive environment.

Benefits

Generous vacation days

Personal and volunteer days

Health and wellbeing benefits

Retirement savings plans

Parental leave

Family building benefits

Educational resources

Matching gift programs

Volunteer programs

Qualifications

• Experience in payment services and product management.
• Strong understanding of regulatory frameworks and risk management.

Responsibilities

• Oversee product management and strategy for payment services.
• Conduct product reviews and ensure compliance with regulations.

Skills

Payments industry experience

Wire/RTGS, ACH and Check clearing

Product management

Risk management

Analytical skills

Interpersonal skills

Communication skills

Education

Bachelor's degree in Economics, Business Administration, or Finance

Master's degree

Tools

MS Office product suite

Job description

Job Description:

Job Title: Payments Business Product Manager- Vice President

Corporate Title: Vice President

Location: New York, NY

Overview

The Payments Business Product Manager will have oversight and overall responsibility for the end-to-end view of US Corporate Cash Management Payment Services with a concentration on Wire/RTGS, ACH and Check. You will develop product strategy and deliver product roadmaps based on strategic business understanding and insights as to how new or existing services generate competitive advantage for clients. In this function the Payments Business Product Manager will support the front office teams on all aspects of the US payment platforms and will partner with various business management support functions including Operations, Technology, Finance, Legal, Compliance, Risk, Group Audit, Division Control Office, Business Control Unit, and Anti-Financial Crime. The position will include managing the daily business management functions that include metrics, budget, go to market activities, volume, and revenue growth. By focusing on safety and soundness, the Payments Business Product Manager will ensure that non-financial product risks are proactively addressed and remediated for US Corporate Cash Management Payment Services. You will be responsible for supporting all local/regional audits impacting the platform and will manage industry and regulatory developments that impact the platform.

What We Offer You

• A diverse and inclusive environment that embraces change, innovation, and collaboration
• A hybrid working model, allowing for in-office / work from home flexibility, generous vacation, personal and volunteer days
• Employee Resource Groups support an inclusive workplace for everyone and promote community engagement
• Competitive compensation packages including health and wellbeing benefits, retirement savings plans, parental leave, and family building benefits

• Educational resources, matching gift and volunteer programs

What You'll Do

• Act as the product owner, providing end to end oversight of product in partnership with internal stakeholders and clients
• Conduct periodic comprehensive product reviews
• Ensure all necessary validation steps are complete prior to product launches
• Oversee product launch and marketing activities
• Develop and maintain the platforms Know Your Product which includes end to end flows, Key Operating Product Procedures and coordinating New Product Approval process
• Assess and manage product risks. Actively manage local audit/compliance issues and complaints

How You'll Lead

• Build understanding of potential product and market needs through focused stakeholder discussions and secure funding for new initiatives or product enhancements
• Establish and maintain product governance model
• Define scope of the product and ensure it meets business needs through partnership between product management, business lines, development teams, and operations

Skills You'll Need

• Bachelor's degree (Economics, Business Administration, Finance preferred). Master's degree a plus.
• Previous relevant experience in the Payment industry with a concentration in Wire/RTGS, ACH and Check clearing and settlement services.. CTP, AAP, NCP Certification a plus
• Sound understanding of clearing systems, regulatory framework and risk management disciplines.
• Good knowledge and understanding of Cash Management products and industry
• Extensive product management experience including strategic planning, product development and positioning experience. Experience with product processes, control framework design, and management of non-financial risks

Skills That Will Help You Excel

• Proficient in the use of MS Office product suite
• Self-motivated with excellent interpersonal, presentation, and communication skills. Able to think strategically with strong analytical and problem-solving skills
• Able to handle multiple demands and priorities simultaneously, work under pressure, in an organized manner and with teams across multiple locations and time-zones
• Able to connect, manage and influence people from different backgrounds and cultures
• A strong team player being part of a global team, communicating, managing and cooperating closely on a global level while being able to take ownership and deliver independently

Expectations

It is the Bank's expectation that employees hired into this role will work in the New York office in accordance with the Bank's hybrid working model.

Deutsche Bank provides reasonable accommodations to candidates and employees with a substantiated need based on disability and/or religion.

The salary range for this position in New York City is $140,000 to $217,000. Actual salaries may be based on a number of factors including, but not limited to, a candidate's skill set, experience, education, work location and other qualifications. Posted salary ranges do not include incentive compensation or any other type of remuneration.

Deutsche Bank Benefits

At Deutsche Bank, we recognize that our benefit programs have a profound impact on our colleagues. That's why we are focused on providing benefits and perks that enable our colleagues to live authentically and be their whole selves, at every stage of life. We provide access to physical, emotional, and financial wellness benefits that allow our colleagues to stay financially secure and strike balance between work and home. Click here to learn more!

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