VP, Transaction Banking
Posted 2025-03-14Job title: VP, Transaction Banking, Priority Banking Organization
Reports to: SVP/EVP, Priority Banking & Treasury
Department: Priority Banking & Treasury
Location: Remote
Grade: 23
Our Company: Priority Technology Holdings, Inc. is a leading financial technology company that specializes in providing integrated payments and banking solutions. Our innovative native platform empowers businesses to effortlessly collect, store, and send money in a scalable manner. We are committed to revolutionizing the way companies handle their financial transactions by offering cutting-edge technology and exceptional customer service.
Job Summary: The VP, Transaction banking will have direct oversight of our transaction banking team including leading ACH.com and transaction oriented Passport engagement. You will manage pricing, go to market strategies and product features for this segment of the market as well as provide executive oversight on key banking initiatives. Customers will generally need higher volume processing solutions including ach, wire and check solutions. Our goal is to build a product set that will successfully compete with banks and fintech providers. You will work closely with the VP, Treasury Services to create holistic and unique solutions to our customers.
Priority is looking for a savvy and energetic professional who enjoys working in an innovative, high growth organization. You must possess a "roll up the sleeves" mentality and be willing to take ownership of specific projects and tasks to drive them through to completion.
You must have excellent communication and interpersonal skills. You will work closely with and drive alignment across multiple internal stakeholders such as Legal, Account Management, Risk, Compliance and Operations. You must have tremendous organizational skills and can manage multiple priorities at once. We are looking for someone who will support the growth of our business, build a professional team and bring significant industry knowledge to the team. You will report to the SVP/EVP, Priority Banking & Treasury Services.
RESPONSIBILITIES: ? Develop and own business strategy and execution of transaction oriented banking initiatives. ? Align and prioritize the product road map to ensure deployments lead to sustained customer value and ongoing success. ? Oversee relationships with existing direct, referral, reseller, and bank relationships from contract signing through the entire customer / partner lifecycle. ? Act as a strategic advisor and results owner for a portfolio of enterprise clients and serve as a trusted advisor on their behalf. ? Analyze, monitor, and interpret account performance (e.g., conversion, share of payment volume, financial institution connectivity, net losses) and collaborate across business support teams to resolve issues and increase effectiveness, escalating when necessary. ? Build and deliver complex data and financial models for executive presentations to drive key business insights and strategic initiatives. ? Conduct regular business reviews with clients and internal stakeholders and drive internal business process improvements to streamline our customer experience. ? Keep up with industry trends and develop a deep understanding of merchants as well as competitors. ? Influence banks and partners to add new features to ensure Passport has modern banking capabilities. ? Identify the people, process, and technology capabilities required to deliver desired client experiences, and then work with appropriate Priority team(s) to implement. ? Budget, forecast, and own the P&L for Transaction Banking. ? Goal driven and persistent in achieving results, and is accountable for meeting commitments.
MINIMUM REQUIREMENTS: ? Bachelor's degree in accounting or finance or relevant area. ? 15+ years of banking, fintech operations, or financial sales experience. ? Experience with complex technologies; Leadership positions in Payments/Fintech/Banking highly preferred. ? Experience with building high performing teams and managing both direct and indirectly managed resources. ? Excellent collaborator with the skills needed to engage across multiple teams (Product, Engineering, Marketing, Sales, Risk, Support) to drive the outcomes needed to ensure success. ? Executive presence with excellent verbal, written communication and interpersonal skills needed to develop collaborative working relationships with cross functional teams. ? Track record of improving existing tools and processes and solving problems that require executive-level thinking.
PREFERRED REQUIREMENTS: ? Business Knowledge on financial services domain experiences.
Compensation and Benefits:
? Compensation range: $150k - $250k
? End of Year Discretionary Bonus
? Unlimited PTO after year 1 (3 weeks to start)
? Medical, Dental & Vision
? 401k Match
? Education Expense Reimbursement
? Gym Membership Reimbursement
? HSA and FSA
? Employee Assistance Program (EAP)
Traditional Physical Requirements
? Requires prolonged sitting, standing, bending, stooping and stretching.
? Requires the ability to lift 10 pounds.
? Requires eye-hand coordination, manual dexterity and a normal range of hearing and vision (with or without correction).
Join our team at Priority Technology Holdings, Inc. and be part of a dynamic and innovative company that is transforming the financial technology landscape. Together, we can shape the future of payments and banking solutions while providing unmatched value to our clients.
For more such jobs please click here!