Head of Payments

Monet Service, Inc • Plano, TX

2d

About The Position

Monet Bank is pioneering the future of banking and money movement — faster, more efficient, and built for the modern financial ecosystem.
At our core, we believe Monet Bank is an essential bridge to the next generation of banking and payments infrastructure. As a profitable, well-capitalized Texas state-chartered bank and FDIC-Insured — backed by the full faith and credit of the U.S. Government — Monet combines the strength and stability of traditional banking with forward-thinking financial technology innovation.
We recognize the fundamental inefficiencies in legacy payment networks and are building a strong team to thoughtfully challenge assumptions and pursue smarter, more scalable solutions. Our focus is on modern banking services that empower merchants to reclaim margins, enable fintechs to operate cross-border at scale, and support technology platforms in embedding seamless financial services.
If you are motivated by building secure, intentional, and future-ready banking infrastructure, we invite you to explore opportunities with Monet Bank.
Summary: The Head of Payments will design, launch, and scale a next-generation foreign correspondent payments platform enabling cross-border clearing, settlement, and liquidity services for banks, fintechs, and institutional clients.
This executive will own the end-to-end creation of the payments capability — including network strategy, infrastructure, regulatory framework, correspondent relationships, product commercialization, and operating model. This is a builder role responsible for taking the platform from concept to live production and global scale.
This role establishes the core financial infrastructure of the institution. The Head of Payments will determine how money moves through the platform, which partners power it, and how it generates long-term revenue and market positioning in global correspondent banking.

Requirements

• 15+ years in global payments, correspondent banking, or transaction banking.
• Proven track record building or launching payment platforms, products, or networks.
• Deep expertise in cross-border clearing, SWIFT, settlement, and liquidity flows.
• Experience negotiating correspondent bank relationships.
• Strong understanding of payment regulations and global supervisory expectations
• Has stood up new infrastructure, not just operated existing payments.
• Comfortable in ambiguity and early-stage environments.
• Able to balance speed, risk, and regulatory requirements.
• Commercial mindset with ability to build revenue models.
• Executive presence with board and regulators.
• Cross-functional leadership across Technology, Risk, Treasury, and Product.
• Ability to attract and build high-performing teams.

Responsibilities

• Define the vision, roadmap, and operating model for the correspondent payments platform.
• Design payment rails across SWIFT, RTGS, ACH, instant networks, and alternative rails.
• Determine build vs. buy strategy for processors, gateways, and core payment infrastructure.
• Establish multi-currency clearing and settlement capabilities.
• Identify and onboard global correspondent banking partners.
• Establish nostro/vostro account structures and settlement corridors.
• Negotiate SLAs, pricing, and liquidity terms with partners.
• Design corridor expansion strategy (priority geographies, currencies, and flows).
• Stand up payment risk framework covering sanctions, AML, fraud, settlement, and operational risk.
• Work with Legal/Compliance to obtain necessary regulatory approvals and licenses.
• Design payment governance, policies, and control architecture.
• Ensure compliance with global payment standards and supervisory expectations.
• Partner with Technology to implement core payment engine, SWIFT connectivity, and ISO 20022 readiness.
• Design API-first payment architecture for fintech and institutional clients.
• Implement real-time monitoring, reconciliation, and exception management tools.
• Establish cyber, resiliency, and operational continuity frameworks.
• Build the payment product suite:
• Cross-border wires
• Multi-currency settlement
• Liquidity and prefunding solutions
• FX-linked settlement
• Correspondent banking services for fintechs and regional banks
• Define pricing, revenue model, and client value proposition.
• Partner with Corporate Banking, Fintech, and Treasury to go to market.
• Design prefunding, intraday liquidity, and settlement funding models.
• Partner with Treasury on capital optimization and liquidity risk.
• Implement liquidity dashboards and forecasting
• Build and lead the payments organization across:
• Product
• Operations
• Network management
• Risk & controls
• Client delivery
• Define vendor strategy and outsourcing model.
• Create scalable processes for growth
• Platform launched with initial corridors live
• SWIFT + core rails operational
• First correspondent partners onboarded
• Regulatory approvals completed
• Initial institutional/fintech clients onboarded
• Revenue and transaction volume ramp achieved
• Liquidity model functioning with minimal settlement exposure
• Strong audit and control posture establish

Benefits

• Medical, dental and vision coverage
• 401K with company match
• 11 paid holidays
• Accrue up to 17 vacation/sick days per year in your first year on a pro rata basis
• Applicant may be eligible for annual discretionary bonus

What This Job Offers

• Job Type: Full-time
• Career Level: Executive
• Education Level: No Education Listed