Product Director, Core Banking and Payments

About the Role

This pivotal position is a product leadership role within the core of a leading global trading entity. As a Product Director overseeing Core Banking & Payments, you will be responsible for crafting the comprehensive product strategy concerning fiat pay-in (deposits) and pay-out (off-ramp) functions. These areas play a fundamental role in facilitating seamless and reliable money movement for millions of clients across Retail, Private, and Institutional segments worldwide.

Your primary duties encompass determining strategic development locations, selecting appropriate rails, establishing bank partnerships, and optimizing transaction routing protocols. With a primary focus on Total Funds Flow, acceptance rates, settlement pace, and maintaining cost-efficiency across all operational markets, this role reports directly to the VP of Product, Banking.

Responsibilities

Global Banking Network

• Develop and enhance cross-border payment infrastructure to ensure robust rail coverage and consistent access to fiat currencies across all geographical markets.

Speed & Latency

• Assess and incorporate payment rails based on transaction speed requirements, tailoring them to support real-time trading activities effectively.

Liquidity & Settlement

• Execute strategies for forming banking partnerships that ensure continuous liquidity reserves, especially crucial for mass pay-outs and frequent trading settlements.

Acceptance Rate Optimization

• Enhance pay-in acceptance rates for various channels like credit cards, debit cards, and bank transfers by refining processor relationships, fraud prevention measures, and compliance protocols.

Strategic Bank Partnerships

• Oversee commercial negotiations and technical integrations for forming customized direct bank relationships, securing preferential terms, elite service levels, and bespoke solutions aligned with trading operations.

Payment Orchestration & Routing

• Develop and steer a cutting-edge routing mechanism that dynamically selects the most efficient rail in real-time based on specific user segments, regulatory jurisdictions, currencies, transaction speeds, and risk profiles.

Institutional On-Ramp

• Create compliant and scalable fiat payment solutions tailored for institutional clients, encompassing segregated bank accounts, high-value wire processing, and bulk payment APIs.

Requirements

• Experience

• Hold proven expertise in product leadership, with a substantial focus on payment infrastructure or core banking products spanning at least 7 to 10+ years.

• Demonstrated success in constructing and scaling cross-border payment mechanisms within high-volume, real-time operational settings.

• Strong familiarity with direct bank integrations (beyond white-label PSPs) and expertise in commercial partnership negotiations.

• Track record of spearheading payment orchestration and real-time routing mechanisms.

• Prior experience in devising fiat solutions tailored for institutional clients.

• Background in or exposure to trading, exchange, or financial technology landscapes.

  Skills

• Proficient in technical intricacies of complex API products, data flows, and payment protocol integrations.

• Hands-on experience with core banking platforms and/or payment scheme interconnections like SWIFT, SEPA, FPS, ACH, etc.

• Proficiency in integrating with bank partners, Payment Service Providers (PSPs), and acquiring processors.

• Strong leadership skills including people management capability, setting high standards for team performance.

• Exceptional stakeholder management skills across engineering, legal, compliance, finance, and senior leadership domains.

This role offers an annual salary range of $150,000 - $250,000 and includes eligibility for an equity match in alignment with the starting base salary.

Life at ___ (Company name)

Empowered to envision grand schemes and explore new opportunities while collaborating with a talented, driven, and supportive team. A proactive and transformative workspace encouraging employees to devise innovative and thoughtful solutions. Internal growth opportunities fostering the development of new skills for personal and professional advancement. A supportive work culture where colleagues are willing to assist and encourage each other toward shared success. Unified teamwork engaging stakeholders to realize the overarching objective of universal cryptocurrency adoption.

Benefits

• Competitive salary with appealing annual leave entitlements.
• 401(k) plan accompanied by employer matching.
• Eligibility for comprehensive group health, dental, vision, and life/disability insurance plans.
• Flexible working arrangements with opportunities for hybrid setups.
• Internal mobility programs offering diverse career development prospects.

About Company:

Established in 2016, __ (Company name) serves a substantial customer base and ranks as the world's swiftly growing global cryptocurrency platform. Committed to advancing cryptocurrency adoption through innovation, the company is built on pillars of security, privacy, and regulatory compliance, aiming to empower a fairer and more equitable digital landscape.

___ (Company name) is an equal opportunity employer dedicated to cultivating a transparent and inclusive environment where opportunities are accessible to all, irrespective of background, perspectives, or skills. Data shared by candidates during the application process will be used only for recruitment purposes. Only shortlisted candidates will be contacted for further proceedings.