Payments Product Manager

Piermont Bank • New York, NY

16h • $120,000 - $170,000

About The Position

Piermont Bank is a digital commercial bank with a mission to serve fast growing companies at the speed they need. Entrepreneur-led and tech-forward, we offer a fully digital experience coupled with meaningful banker relations. We believe in being a partner for enterprising companies, acting as a funding catalyst for mid-market innovation and growth. Piermont’s financial solutions and expertise empower our business community to thrive. At Piermont, we are purpose-driven, responsive and practical, delivering integrated and flexible solutions that create value for clients in today’s fast-changing economy. For more information, visit www.piermontbank.com.
The Role:
Piermont Bank enables innovators in the fintech ecosystem to launch new products and service propositions. This role reports to the bank’s Chief Growth Officer and supports the ongoing management and development of payments products for the Payments Solutions segments. The ideal candidate is an experienced payments professional with a deep background in core payments products (debit cards, ACH, Wires), an understanding of API-based BaaS platforms, as well as the ability to quickly gain a deep understanding of emerging payment rails (e.g., RTP, FedNow). The Payments Product Manager will support enhancing existing payments functionality as well as leading the implementation of new payments products to continue scaling payment volume and fee revenue generation for Piermont.

Requirements

• 5+ years of payments-related experience, ideally in a combination of relevant bank and fintech roles
• Have a good understanding of payment products and track record of product launch and implementation.
• Strong project management skills.
• Strong verbal and written communication and interpersonal skills
• Strong analytical and problem-solving skills
• Bachelor’s degree or equivalent.

Responsibilities

• Develop a deep understanding of the bank’s payments products, risk parameters, as well as related processes and supporting applications to provide ongoing oversight of Piermont’s payments offering.
• Lead new payment product initiatives and work with both internal and external stakeholders (risk, legal, operations) to ensure successful product implementations. New products may include RTP, FedNow, Merchant Acquiring, among others.
• Implement new processes to ensure the bank is delivering its existing payments offering in compliance with network-specific rules as well as applicable regulations
• Serve as the primary point of contact with networks and payments providers as well as drive new implementations and ongoing enhancements with processors and other payments providers.
• Develop metrics and build reporting tools to adequately monitor and manage the bank’s existing payments products.
• Stay abreast of new developments in the payments industry vis-à-vis fintech and corporate client needs and work in collaboration with the Executive team to own the bank’s payments product roadmap.

Benefits

• A bonus and/or incentives may be provided as part of the compensation package, in addition to the full range of medical, dental, vision, 401k, and other benefits.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level