Responsibilities

- Comprehensive product management of unique OBO and FBO account types including core system account setup, FDIC insurability requirements, reconcilement, profitability, product development and other duties as assigned.
- Facilitate client risk management efforts including ensuring appropriate documentation and ongoing oversight.
- Partner with legal to develop and maintain OBO and FBO legal documentation and all complex 3rd party fintech relationships.
- Maintain policies, standards, and procedures for OBO and FBO use cases across onboarding, monitoring, and offboarding.
- Collaborate with product, risk, compliance, and legal teams to ensure that risk controls are aligned with both regulatory requirements and the evolving needs of the portfolio.
- Partner with relationship teams to ensure that portfolio growth, profitability, and innovation are balanced with effective risk management.
- Establish and maintain OBO & FBO pricing strategy while helping to manage product profitability.
- Drive product enhancements with core product management partners including business case development, requirement documentation, and product launch.
- Drive Go to Market efforts for core product payment methods and channels as applicable to OBO payment use cases.

Qualifications

Basic Qualifications:

• Bachelor's degree in finance, accounting, or related work experience.
• 5+ years of experience payment product management inclusive of P&L management, policies and procedures, and new product development.

Preferred Qualifications:

• Familiarity with various Embedded Payment business models (PayFac, On Behalf Of, For Benefit Of) and associated risk profiles.
• Expertise in risks unique to various payment methods including ACH, Checks, Wire, RTP, Card include formatting, international, returns, and associated credit risk especially in the OBO payment space.
• Understanding of payment network and regulatory rules that govern OBO payments.
• Proven ability to provide actionable insights from data through management presentations.
• Excellent analytical, communication, and problem-solving skills.
• Collaboration with cross-functional teams and influence decision-making.
• Track record of simplifying complex problems and solutions to persuade audiences.
• Prior experience interfacing with relationship teams and clients in successfully closing deals and providing support as needed.

If hired in [IL, AZ,GA, NC or TX], the base pay for this position is generally between $130,205.00 and $153,182.00. Actual starting base pay will be determined based on skills, experience, location, and other non-discriminatory factors permitted by law. For some roles, total compensation may also include variable incentives, bonuses, benefits, and/or other awards as outlined in the offer of employment.

First Citizens benefits programs are designed to meet our associates where they are in life. Full-time associates (20+ hours) are offered a comprehensive benefits program, with customized offerings, including those designed to support families, however defined. More information regarding our benefits offerings can be found here: https://jobs.firstcitizens.com/benefits