Description:

Our client is seeking an experienced, well-rounded payment professional to join an embedded payments OBO Product Management team. The ideal individual will have experience across multiple payment methods and product management within the financial services industry. The ideal candidate will have 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.

The Embedded Payments OBO Product Management team is responsible for a portfolio of innovative Fintech clients that facilitate payments on behalf of their customers. These Fintech clients provide payment services to a wide variety of end customers across multiple industries utilizing a variety of payment methods via OBO (On Behalf Of) and FBO (For Benefit Of) custodial accounts.

• 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.

• 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.

Requirements:

• Must have 5+ years payment services product experience, ideally working for a FinTech or a payment services provider.

• Must have an in-depth understanding of payment services, such as flow of funds & P&L Mgt.

• Will possess strong client relationship building and communication skills.

• Excellent analytical, communication, and problem-solving skills.

• Bachelor’s degree in finance, accounting, or related work experience.

Pay and Benefits

The pay range for this position is $50.00 - $60.00/hr.

Eligibility requirements apply to some benefits and may depend on your job classification and length of employment. Benefits are subject to change and may be subject to specific elections, plan, or program terms. If eligible, the benefits available for this temporary role may include the following: • Medical, dental & vision• Critical Illness, Accident, and Hospital• 401(k) Retirement Plan – Pre-tax and Roth post-tax contributions available• Life Insurance (Voluntary Life & AD&D for the employee and dependents)• Short and long-term disability• Health Spending Account (HSA)• Transportation benefits• Employee Assistance Program• Time Off/Leave (PTO, Vacation or Sick Leave)

Workplace Type

This is a fully remote position.

Application Deadline

This position is anticipated to close on Mar 14, 2025.

About TEKsystems:

We're partners in transformation. We help clients activate ideas and solutions to take advantage of a new world of opportunity. We are a team of 80,000 strong, working with over 6,000 clients, including 80% of the Fortune 500, across North America, Europe and Asia. As an industry leader in Full-Stack Technology Services, Talent Services, and real-world application, we work with progressive leaders to drive change. That's the power of true partnership. TEKsystems is an Allegis Group company.

The company is an equal opportunity employer and will consider all applications without regards to race, sex, age, color, religion, national origin, veteran status, disability, sexual orientation, gender identity, genetic information or any characteristic protected by law.