Company Overview

With 80,000 customers across 150 countries, UKG is the largest U.S.-based private software company in the world. And we’re only getting started. Ready to bring your bold ideas and collaborative mindset to an organization that still has so much more to build and achieve? Read on.

At UKG, you get more than just a job. You get to work with purpose. Our team of U Krewers are on a mission to inspire every organization to become a great place to work through our award-winning HR technology built for all.

Here, we know that you’re more than your work. That’s why our benefits help you thrive personally and professionally, from wellness programs and tuition reimbursement to U Choose — a customizable expense reimbursement program that can be used for more than 200+ needs that best suit you and your family, from student loan repayment, to childcare, to pet insurance. Our inclusive culture, active and engaged employee resource groups, and caring leaders value every voice and support you in doing the best work of your career. If you’re passionate about our purpose — people —then we can’t wait to support whatever gives you purpose. We’re united by purpose, inspired by you.

UKG provides HCM software and solutions to organizations of all sizes, from small and medium businesses to many of the largest and most sophisticated enterprises in the world, across all industries. Our solutions include payment services, managing on behalf of our clients payments due to employees, tax agencies and other third parties. UKG is seeking an experienced bank President to assist us in effectively managing a national trust bank, including oversight and primary responsibility for all pre-charter, organization-stage and post-charter activity.

The President will lead the initiative to develop and/or implement a business plan and organizational framework to support the day-to-day management of the bank. The President will ensure compliance with applicable laws and regulatory requirements related to a national trust bank charter and its safe and sound operations. The President will oversee the operations of a growing trust bank that handles a substantial volume of payment receipts and distributions. This candidate will also lead UKG’s on-going initiatives to comply with state laws until the national trust bank charter is obtained.

Requirements

• Prior experience in a financial services regulated environment, successful experience managing a bank or serving as a senior bank officer in a national bank or FDIC-insured financial institution, fintech, or money movement company.

• Possess excellent communications skills and ability to navigate a complex, fast-moving tech environment.

• Ability to develop successful relationships with UKG’s senior leadership team and to align bank objectives and requirements with UKG’s overall corporate strategy.

• Excellent time management, oral, written, and interpersonal communication skills.

• Highly organized and the ability to get up to speed rapidly.

• Ability to multi-task with strong attention to detail.

Preferred Qualifications

• Bachelor’s degree in finance, business administration, or a related field; master’s degree or relevant professional certifications (e.g., CFA, CTFA) preferred.

• Proven executive leadership experience in banking, with a focus on fiduciary matters at a OCC- regulated entity.

• In-depth understanding of financial regulations, compliance requirements, and risk management principles.

• Strong strategic planning and organizational skills.

• Excellent communication and interpersonal abilities.

• Demonstrated ability to make sound financial decisions and drive business growth.

Overview

The President will play a pivotal role in providing strategic leadership and oversight for the overall direction and administration of the bank. This position requires a seasoned executive with extensive experience in the financial, fintech, money movement, and/or fiduciary sectors, capable of managing a diverse portfolio of assets and documents related to fiduciary trust matters. The successful candidate will have a strong background in banking or similar operations, fiduciary and trust powers, risk management, compliance, and experience leading and working in a dynamic business environment.

Key Responsibilities

• Strategic Leadership: Develop and articulate a clear vision and strategic direction for the bank in alignment with organizational goals. Provide leadership in the formulation and execution of business plans, ensuring the long-term success and growth of the bank. Lead and provide strategic direction for the company’s current state money transmitter license program until such time as a national trust charter is obtained

• Fiduciary Oversight: Assume ultimate responsibility for safe and sound operation and proper maintenance of all client-funds, assets held or managed, documents and development of customer-facing documents and disclosures. Implement and maintain robust systems and processes to ensure the proper administration and safeguarding of trust assets.

• Regulatory Compliance: Stay current with relevant banking and fiduciary regulations, ensuring compliance with applicable laws. Collaborate with legal and compliance teams to develop and update policies and procedures as necessary.

• Financial Management: Oversee the financial health of the bank, working closely with the finance team to manage budgets, financial reporting, and forecasting. Make strategic financial decisions to uphold fiduciary risks to maximize shareholder returns.

• Risk Management: Collaborate with CSO/IT and other functions to develop and implement effective risk management strategies to safeguard the bank against potential threats and vulnerabilities. Lead regular assessment and updates to the bank’s risk management policies and procedures.

• Team Leadership: Build and lead a high-performing team, fostering a culture of collaboration, innovation, and excellence. Provide mentorship and guidance to team members, promoting professional development and growth.

Where we’re going

UKG is on the cusp of something truly special. Worldwide, we already hold the #1 market share position for workforce management and the #2 position for human capital management. Tens of millions of frontline workers start and end their days with our software, with billions of shifts managed annually through UKG solutions today. Yet it’s our AI-powered product portfolio designed to support customers of all sizes, industries, and geographies that will propel us into an even brighter tomorrow!

Equal Opportunity Employer   

Ultimate Kronos Group is proud to be an equal opportunity employer and is committed to maintaining a diverse and inclusive work environment. All qualified applicants will receive considerations for employment without regard to race, color, religion, sex, age, disability, marital status, familial status, sexual orientation, pregnancy, genetic information, gender identity, gender expression, national origin, ancestry, citizenship status, veteran status, and any other legally protected status under federal, state, or local anti-discrimination laws.     

View The EEO Know Your Rights poster (https:www.eeoc.gov/sites/default/files/2022-10/EEOC_KnowYourRights_screen_reader_10_20.pdf) and its supplement. (https:www.dol.gov/ofccp/regs/compliance/posters/ofccpost.htm)      

View the Pay Transparency Nondiscrimination Provision (https:www.dol.gov/sites/dolgov/files/ofccp/pdf/pay-transp_%20English_formattedESQA508c.pdf)     

UKG participates in E-Verify. View the E-Verify posters here (https:www.e-verify.gov/sites/default/files/everify/posters/EVerifyParticipationPoster.pdf) .  

Disability Accommodation

For individuals with disabilities that need additional assistance at any point in the application and interview process, please email UKGCareers@ukg.com . 

The pay range for this position is $200,000.00 to $275,000.00, however, base pay offered may vary depending on skills, experience, job-related knowledge and location. This position is also eligible for a short-term incentive and a long-term incentive as part of total compensation. Information about UKG’s comprehensive benefits can be reviewed on our careers site at https:www.ukg.com/careers (https:www.ukg.com/careers)   

It is the policy of Ultimate Software to promote and assure equal employment opportunity for all current and prospective Peeps without regard to race, color, religion, sex, age, disability, marital status, familial status, sexual orientation, pregnancy, genetic information, gender identity, gender expression, national origin, ancestry, citizenship status, veteran status, and any other legally protected status entitled to protection under federal, state, or local anti-discrimination laws. This policy governs all matters related to recruitment, advertising, and initial selection of employment. It shall also apply to all other aspects of employment, including, but not limited to, compensation, promotion, demotion, transfer, lay-offs, terminations, leave of absence, and training opportunities.