Job Information
Santander US Vice President - Cash Management Product Manager, Global Transaction Banking (GTB) in New York, New York
Vice President - Cash Management Product Manager, Global Transaction Banking (GTB)
New York, United States of America
Job Profile Summary
The Cash Management product function is specialized in providing corporate clients cash management services and, liquidity solutions that includes:
Payables and Receivables (Wires, ACH, Checks, Controlled Disbursements and Lockbox through in-house and white label solutions)
Account and Liquidity Solutions (DDA, MMDA, Investment sweeps, Time Deposits, Cash pooling, Interest Optimization, Escrow and Virtual Accounts)
Channels (online banking, H2H, SWIFT)
Information reporting (SWIFT, CAMT, BAI, Bank statements, Account Analysis statement)
The GTB Cash Management Product Manager serves as an SME responsible for product development and commercialization of Cash Management solutions within the US. S/he manages the complete product lifecycle from ideation, strategy to product launch and commercialization. S/he liaises with all internal (Operations, IT, Change Management, Compliance, Risk, Legal) and external stakeholders (Clients and partner bank(s) providing white-label solutions). Definition and execution of the cash management product development roadmap, including solution design, implementation, and servicing.
Job Description
USA Job Description: Definition and execution of the cash management product development roadmap, strategy, solution design, implementation, and servicing. Uses knowledge of markets, competitors, industries, and clients to determine demand, enhancements and future trends in cash/liquidity products and services. Take ownership of ongoing business priorities and projects in cash management to develop, improve and launch new capabilities in Santander NY branch.
Essential Functions/Responsibilities :
Serves as Product SME for cash/liquidity management services at Santander NY branch.
Manage end to end process of the product life cycle from writing business requirements to launch and commercialization.
Well versed with the industry standard, compliance and regulations associated with cash management product and services.
Understanding of payments in the US market – Wires, ACH, RTP, Controlled Disbursement and Lockbox.
Understanding of account and liquidity solutions – DDA, MMDA, cash pooling, investment sweeps, escrow and virtual accounts.
Develop strong relationships with key stakeholders in first line and second line of defense: e.g. Legal, Risks, Compliance, IT, Treasury, Change Management and Operations.
Manages the NPBA (New Product and Business Activities) process associated with all new business initiatives of cash management.
Establishes operating procedures and policies for new product launch and services in cash management.
Promotes and develops working relationship with Sales and Corporate Banking team to provide product support and bespoke solutions for CIB client base.
Manages projects for products enhancements from conception to final implementation
Evaluates new and existing product opportunities and brings forward proposals for business to optimize and expand the banks cash management offering.
Creates product material such as procedures, user guides, customer communications and marketing materials.
Maintains a product roadmap by leveraging market analysis, competitive knowledge, and customer research.
Qualifications
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Education
- Bachelor's Degree, or equivalent degree and/or work experience, in Business, Finance, or a related field.
Work Experience
- 6+ Years Product Management, Business Development or related experience in large and global Financial Institutions.
Skills and Abilities
SME in cash management products (payments, receivables & liquidity management) and compliance regulations.
Advanced knowledge of budget planning, risk evaluation and product documentation.
Strong computer skills to include Microsoft Office (Word, PowerPoint and Excel) and ability to quickly learn new software and or systems.
Excellent relationship management, business development and presentation skills.
Ability to maintain and demonstrate high ethical standards and personal integrity to build credibility and trust while enhancing the organization’s reputation.
Ability to translate customer needs into marketable product features.
Self-starter: forward thinking, with a positive/can-do attitude.
Demonstrates the ability to create strategic plans and lay out a strategic course of action to drive future business growth for a specific product.
Demonstrated understanding of product development life cycle.
Diversity & EEO Statements
At Santander, we value and respect differences in our workforce and strive to increase the diversity of our teams. We actively encourage everyone to apply.
Santander is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status or any other characteristic protected by law.
Working Conditions
Frequent Minimal physical effort such as sitting, standing and walking. Occasional moving and lifting equipment and furniture is required to support onsite and offsite meeting setup and teardown. Physically capable of lifting up to fifty pounds, able to bend, kneel, climb ladders.
Employer Rights
This job description does not list all of the job duties of the job. You may be asked by your supervisors or managers to perform other duties. You may be evaluated in part based upon your performance of the tasks listed in this job description. The employer has the right to revise this job description at any time. This job description is not a contract for employment and either you or the employer may terminate at any time for any reason.
Bachelor of Science (BS) English
Primary Location: New York, NY, Madison Ave Corp
Other Locations: New York-New York
Organization: Banco Santander S.A.
The base pay range for this position is posted below and represents the annualized salary range. For hourly positions (non-exempt), the annual range is based on a 40-hour work week. The exact compensation may vary based on skills, experience, training, licensure and certifications and location.
Salary: $117,000 - $175,000/year
AN EQUAL OPPORTUNITY EMPLOYER M/F/Vet/Disabled/SO