VP, Payment Operations

vystarcu; Jacksonville (FL); On-site; USD 170,000 - 260,000; Full time

Benefits offered by this job

Competitive pay

401(k) Plan

Tuition reimbursement

Paid training

Job summary

VyStar Credit Union in Jacksonville, FL seeks a strategic VP of Payment Operations to lead card services and electronic payments, ensure secure, compliant, member-centric delivery, and drive real-time payments initiatives.

You will manage vendor relationships, oversee regulatory compliance, develop annual plans, build a high-performing team, and align operations with VyStar's mission of unbelievable member service.

Qualifications

• Experience in payment operations leadership and vendor management.
• Knowledge of NACHA rules, Reg E, Reg CC and PCI DSS is preferred.

Responsibilities

• Develop and execute a comprehensive strategy for payment service operations ensuring high performance, risk mitigation, and member satisfaction.
• Oversee day-to-day operations and support functions for card transaction processing, cardholder support, electronic payments, and related services.
• Ensure the delivery of timely, accurate, and compliant payment services, minimizing member disruption and maximizing service quality.
• Monitor trends in payment service usage and member feedback to identify areas of operational improvement.
• Formulates strategies to support annual strategic business plan goals and objectives.
• Lead, inspire, and develop a high-performing team committed to operational excellence.
• Manages relationships with third-party processors, card networks, and other vendors involved in payment service delivery.
• Ensures vendor service levels are met and that systems and partners support organizational goals for uptime, security, and member services excellence.
• Oversee complex vendor contracts, security protocols, regulatory compliance, and contingency planning.
• Maintain compliance with NACHA rules, Reg E, Reg CC, PCI DSS, and other applicable regulations.
• Develop and maintain Disaster Recovery/Business Continuity plans for the department.

Job description

At VyStar, we offer competitive pay, an excellent benefit package that includes a 401(k) Plan, an extensive paid technical and on-the-job training program, and tuition reimbursement--available to all full and part time employees.

Part time positions start at a minimum of 30 hours per week.

VP, Payment Operations

ACCOUNTABILITY STATEMENT

The Vice President of Payment Operations leads the strategic oversight, planning, and delivery of all payment-related services, with a focus on Card Services and Electronic Payment Channels. The incumbent is responsible for ensuring the efficient, secure, compliant, and member centric delivery of payment services across the organization.

The Vice President of Payment Operations drives operational excellence in the delivery of traditional and electronic payment services, manages critical vendor relationships, oversees regulatory compliance, and ensures alignment with VyStar's mission of providing unbelievable member service. The incumbent also leads efforts to evolve and support the operational aspects of emerging payments such as real-time payments and P2P solutions.

The Vice President of Payment Operations sets department objectives and empowers the team to achieve results and utilizes key metrics to review progress. Ensures each team member has the training and resources needed to execute on short and long-term strategies.

ESSENTIAL RESPONSIBILITIES

• Develop and execute a comprehensive strategy for payment service operations ensuring high performance, risk mitigation, and member satisfaction.
• Oversee day-to-day operations and support functions for card transaction processing, cardholder support, electronic payments, and related services.
• Ensure the delivery of timely, accurate, and compliant payment services, minimizing member disruption and maximizing service quality.
• Monitor trends in payment service usage and member feedback to identify areas of operational improvement.
• Formulates strategies to support annual strategic business plan goals and objectives. Defines departmental tactical plans aligned with broader organizational priorities.
• Lead, inspire, and develop a high-performing team committed to operational excellence and a culture of continuous improvement.
• Manages relationships with third-party processors, card networks, and other vendors involved in payment service delivery.
• Ensures vendor service levels are met and that systems and partners support organizational goals for uptime, security, and member services excellence.
• Oversees multiple high-risk, multi-million dollar vendor partnerships that significantly influence credit union operations through member engagement and revenue impact. Ensures strategic vendors are accurately priced and governed by SLAs. Conducts comprehensive reviews of third-party contracts to verify the implementation of security protocols, regulatory compliance, and contingency planning. Leads end-to-end Request for Proposals (RFP) processes for critical systems, including vendor selection and system conversion initiatives.
• Maintain full compliance with NACHA rules, Reg E, Reg CC, PCI DSS, and other applicable federal and state payment regulations.
• Partners with Legal, Risk and Compliance teams to ensure payment operations adhere to all regulatory and audit requirements.
• Develops and enforces internal policies, procedures, and controls related to payment services.
• Maintains understanding of all key metrics for plastic card portfolio and works with VP of Payments Product to develop strategy to grow portfolio.
• Develops annual budget forecasts across a wide range of complex income and expense accounts. Performs review of monthly ledger activity to ensure financial performance aligns with budgetary expectations and projections
• Leads and develops high-performing team members responsible for payment service delivery, member support, and issue resolution.
• Fosters strong relationships with internal teams to ensure cohesive execution of payment-related initiatives and service updates.
• Cultivates a robust professional network through active participation in industry forums and advisory groups, leveraging insights to enhance strategic decision-making. Maintains up-to-date knowledge of evolving trends, technologies, and regulatory developments within the financial services landscape.
• Develop and maintain Disaster Recovery/Business Continuity plan for department. Test plans on-going basis. Ensure vendors under payments have a Disaster Recovery/Business Continuity plans is tested with results provided.
• Responsible for all settlement and general ledger activity for Payments

All employees and business units, as first line of defense, are expected to proactively help identify, assess, manage, and report risks within their domain of work. To enhance a healthy risk culture and support our growth for good pillar, employees will maintain vigilance in safegua