Transaction Banking, Clearing Product Manager, Associate New York · · Associate
Goldman Sachs Bank AG, New York, New York, us, 10261
Overview
Transaction Banking, Clearing Product Manager, Associate location_on New York, New York, United States Opportunity Overview sitemap_outline CORPORATE TITLE Associate language OFFICE LOCATION(S) New York assignment JOB FUNCTION Product Management account_balance DIVISION Platform Solutions monetization_on SALARY RANGE USD 100,000 - 160,000 TRANSACTION BANKING We aim to build a modern and digital-first transaction banking solution to serve our clients. Our business combines the strength, heritage, and expertise of a 150-year-old firm with the agility and entrepreneurial spirit of a tech start-up. Our goal is to provide a best-in-class digital product that helps clients to succeed by giving them a holistic view of their business. Through the use of modern technology built on the cloud, we are the alternative to legacy platforms. We provide our clients a simple, intuitive, secure, and frictionless experience for domestic, cross-border and cross-currency payments. Simplifying payments making it just as easy to pay someone across the globe as it is to pay someone around the corner. We’re a team of diverse experts helping our clients to build the future of their Treasury. JOB SUMMARY
The Payments Product Manager is pivotal in providing the direction and end to end management of the Payments products, specifically the Clearing Product proposition, with responsibility for defining and implementing the Clearing Product business strategy, understanding the risks associated with the product, development of new products and commercialization of these products. The role requires a deep understanding of Financial Institution wire payments and payment rails including cross border/cross currency solutions. Understanding of client challenges/opportunities and industry trends will be required as inputs into the Payments strategic product roadmap and commercialization strategy. Responsibilities include: Strategic Product Leadership & P&L Management:
Assume full P&L ownership for the assigned Payments product portfolio, meticulously managing revenue generation, expense optimization, and overall financial performance to achieve strategic business objectives. Develop and execute comprehensive financial plans, including budgeting, forecasting, and variance analysis, ensuring product profitability and sustainable growth. Drive the strategic direction and end-to-end management of the Payments products, specifically the Clearing Product proposition, with responsibility for defining and implementing the business strategy. Understand and mitigate the risks associated with the product, ensuring compliance and sound financial practices.
End-to-End Product Ownership & Development:
Lead large-scale payment transformation projects, overseeing all phases from concept ideation, through development, launch, and post-launch optimization. Demonstrate a strong record of delivering complex, multi-month payment programs to completion, ensuring high quality and alignment with strategic goals. Champion the development of new products and features, from conceptualization to market readiness, ensuring they meet client needs and market demands.
Market Insight & Product Roadmap Management:
Proactively identify and analyze gaps in the market, emerging industry trends, and evolving client demands within the transaction banking and payments landscape. Translate these insights into a compelling and prioritized product roadmap, ensuring alignment with the overall business strategy and long-term vision. Engage deeply with clients, sales teams, and market intelligence to gather requirements, validate concepts, and continuously refine product offerings.
Commercialization Strategy & Execution:
Develop and execute robust commercialization strategies that encompass pricing models, market penetration tactics, and competitive positioning to maximize product adoption and revenue. Define Product Key Performance Indicators (KPIs) and leverage data-driven insights to inform strategic decisions, optimize product performance, and demonstrate tangible business value. Develop and execute go-to-market strategies that drive client adoption and market share. Engage clients and partners for feedback, continuously refining product offerings and roadmaps based on market response and performance data.
Leadership & Vision:
Serve as architect, operator, and evangelist for payments products, articulating a clear vision and inspiring teams towards common goals. Build strong, influential relationships with technical and business stakeholders throughout the product lifecycle, ensuring alignment and successful execution.
BASIC QUALIFICATIONS
4+ years of experience in payments related role 2+ years’ experience as a payments product manager, with a strong focus on strategic product lifecycle management. Demonstrated ability to define, strategize, and launch payment products, leveraging various payment rails (e.g., CHIPS, Fedwire, Target2) to meet market demands and business objectives. Demonstrable ability to partner with operations and engineering teams to deliver best in class solutions Experience of end-to-end product ownership from ideation to commercialization, working in a diverse global team driving rapid team and product growth Comfortable in client-facing situations partnering with Sales teams with the ability to understand and articulate customer needs and turn requirements into actionable solutions Bachelor’s Degree or equivalent PREFERRED QUALIFICATIONS
Expertise and experience of ISO 20022 and SWIFT standards across payments and cash management domains Detailed knowledge of domestic and international payment rails ABOUT GOLDMAN SACHS
At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world. We believe who you are makes you better at what you do. We're committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs. Learn more about our culture, benefits, and people atGS.com/careers . Salary Range
The expected base salary for this New York, New York, United States-based position is $100000-$160000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end. Benefits
Goldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings, which are generally availableto active, non-temporary, full-time and part-time US employees who work at least 20 hours per week, can be found here . Healthcare & Medical Insurance We offer a wide range of health and welfare programs that vary depending on office location. These generally include medical, dental, short-term disability, long-term disability, life, accidental death, labor accident and business travel accident insurance. We offer competitive vacation policies based on employee level and office location. We promote time off from work to recharge by providing generous vacation entitlements and a minimum of three weeks expected vacation usage each year. Financial Wellness & Retirement We assist employees in saving and planning for retirement, offer financial support for higher education, and provide a number of benefits to help employees prepare for the unexpected. We offer live financial education and content on a variety of topics to address the spectrum of employees’ priorities. Health Services We offer a medical advocacy service for employees and family members facing critical health situations, and counseling and referral services through the Employee Assistance Program (EAP). We provide Global Medical, Security and Travel Assistance and a Workplace Ergonomics Program. We also offer state-of-the-art on-site health centers in certain offices. Fitness To encourage employees to live a healthy and active lifestyle, some of our offices feature on-site fitness centers. For eligible employees we typically reimburse fees paid for a fitness club membership or activity (up to a pre-approved amount). Child Care & Family Care We offer on-site child care centers that provide full-time and emergency back-up care, as well as mother and baby rooms and homework rooms. In every office, we provide advice and counseling services, expectant parent resources and transitional programs for parents returning from parental leave. Adoption, surrogacy, egg donation and egg retrieval stipends are also available. Benefits at Goldman Sachs Read more about the full suite of class-leading benefits our firm has to offer.
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Transaction Banking, Clearing Product Manager, Associate location_on New York, New York, United States Opportunity Overview sitemap_outline CORPORATE TITLE Associate language OFFICE LOCATION(S) New York assignment JOB FUNCTION Product Management account_balance DIVISION Platform Solutions monetization_on SALARY RANGE USD 100,000 - 160,000 TRANSACTION BANKING We aim to build a modern and digital-first transaction banking solution to serve our clients. Our business combines the strength, heritage, and expertise of a 150-year-old firm with the agility and entrepreneurial spirit of a tech start-up. Our goal is to provide a best-in-class digital product that helps clients to succeed by giving them a holistic view of their business. Through the use of modern technology built on the cloud, we are the alternative to legacy platforms. We provide our clients a simple, intuitive, secure, and frictionless experience for domestic, cross-border and cross-currency payments. Simplifying payments making it just as easy to pay someone across the globe as it is to pay someone around the corner. We’re a team of diverse experts helping our clients to build the future of their Treasury. JOB SUMMARY
The Payments Product Manager is pivotal in providing the direction and end to end management of the Payments products, specifically the Clearing Product proposition, with responsibility for defining and implementing the Clearing Product business strategy, understanding the risks associated with the product, development of new products and commercialization of these products. The role requires a deep understanding of Financial Institution wire payments and payment rails including cross border/cross currency solutions. Understanding of client challenges/opportunities and industry trends will be required as inputs into the Payments strategic product roadmap and commercialization strategy. Responsibilities include: Strategic Product Leadership & P&L Management:
Assume full P&L ownership for the assigned Payments product portfolio, meticulously managing revenue generation, expense optimization, and overall financial performance to achieve strategic business objectives. Develop and execute comprehensive financial plans, including budgeting, forecasting, and variance analysis, ensuring product profitability and sustainable growth. Drive the strategic direction and end-to-end management of the Payments products, specifically the Clearing Product proposition, with responsibility for defining and implementing the business strategy. Understand and mitigate the risks associated with the product, ensuring compliance and sound financial practices.
End-to-End Product Ownership & Development:
Lead large-scale payment transformation projects, overseeing all phases from concept ideation, through development, launch, and post-launch optimization. Demonstrate a strong record of delivering complex, multi-month payment programs to completion, ensuring high quality and alignment with strategic goals. Champion the development of new products and features, from conceptualization to market readiness, ensuring they meet client needs and market demands.
Market Insight & Product Roadmap Management:
Proactively identify and analyze gaps in the market, emerging industry trends, and evolving client demands within the transaction banking and payments landscape. Translate these insights into a compelling and prioritized product roadmap, ensuring alignment with the overall business strategy and long-term vision. Engage deeply with clients, sales teams, and market intelligence to gather requirements, validate concepts, and continuously refine product offerings.
Commercialization Strategy & Execution:
Develop and execute robust commercialization strategies that encompass pricing models, market penetration tactics, and competitive positioning to maximize product adoption and revenue. Define Product Key Performance Indicators (KPIs) and leverage data-driven insights to inform strategic decisions, optimize product performance, and demonstrate tangible business value. Develop and execute go-to-market strategies that drive client adoption and market share. Engage clients and partners for feedback, continuously refining product offerings and roadmaps based on market response and performance data.
Leadership & Vision:
Serve as architect, operator, and evangelist for payments products, articulating a clear vision and inspiring teams towards common goals. Build strong, influential relationships with technical and business stakeholders throughout the product lifecycle, ensuring alignment and successful execution.
BASIC QUALIFICATIONS
4+ years of experience in payments related role 2+ years’ experience as a payments product manager, with a strong focus on strategic product lifecycle management. Demonstrated ability to define, strategize, and launch payment products, leveraging various payment rails (e.g., CHIPS, Fedwire, Target2) to meet market demands and business objectives. Demonstrable ability to partner with operations and engineering teams to deliver best in class solutions Experience of end-to-end product ownership from ideation to commercialization, working in a diverse global team driving rapid team and product growth Comfortable in client-facing situations partnering with Sales teams with the ability to understand and articulate customer needs and turn requirements into actionable solutions Bachelor’s Degree or equivalent PREFERRED QUALIFICATIONS
Expertise and experience of ISO 20022 and SWIFT standards across payments and cash management domains Detailed knowledge of domestic and international payment rails ABOUT GOLDMAN SACHS
At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world. We believe who you are makes you better at what you do. We're committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs. Learn more about our culture, benefits, and people atGS.com/careers . Salary Range
The expected base salary for this New York, New York, United States-based position is $100000-$160000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end. Benefits
Goldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings, which are generally availableto active, non-temporary, full-time and part-time US employees who work at least 20 hours per week, can be found here . Healthcare & Medical Insurance We offer a wide range of health and welfare programs that vary depending on office location. These generally include medical, dental, short-term disability, long-term disability, life, accidental death, labor accident and business travel accident insurance. We offer competitive vacation policies based on employee level and office location. We promote time off from work to recharge by providing generous vacation entitlements and a minimum of three weeks expected vacation usage each year. Financial Wellness & Retirement We assist employees in saving and planning for retirement, offer financial support for higher education, and provide a number of benefits to help employees prepare for the unexpected. We offer live financial education and content on a variety of topics to address the spectrum of employees’ priorities. Health Services We offer a medical advocacy service for employees and family members facing critical health situations, and counseling and referral services through the Employee Assistance Program (EAP). We provide Global Medical, Security and Travel Assistance and a Workplace Ergonomics Program. We also offer state-of-the-art on-site health centers in certain offices. Fitness To encourage employees to live a healthy and active lifestyle, some of our offices feature on-site fitness centers. For eligible employees we typically reimburse fees paid for a fitness club membership or activity (up to a pre-approved amount). Child Care & Family Care We offer on-site child care centers that provide full-time and emergency back-up care, as well as mother and baby rooms and homework rooms. In every office, we provide advice and counseling services, expectant parent resources and transitional programs for parents returning from parental leave. Adoption, surrogacy, egg donation and egg retrieval stipends are also available. Benefits at Goldman Sachs Read more about the full suite of class-leading benefits our firm has to offer.
#J-18808-Ljbffr