Senior Manager- Payment

We are

At Synechron, we believe in the power of digital to transform businesses for the better. Our global consulting firm combines creativity and innovative technology to deliver industry-leading digital solutions. Synechron’s progressive technologies and optimization strategies span end-to-end Artificial Intelligence, Consulting, Digital, Cloud & DevOps, Data, and Software Engineering, servicing an array of noteworthy financial services and technology firms. Through research and development initiatives in our FinLabs we develop solutions for modernization, from Artificial Intelligence and Blockchain to Data Science models, Digital Underwriting, mobile-first applications and more. Over the last 20+ years, our company has been honored with multiple employer awards, recognizing our commitment to our talented teams. With top clients to boast about, Synechron has a global workforce of 14,500+, and has 58 offices in 21 countries within key global markets.

Our challenge

We are seeking a highly skilled and experienced Senior Management Consultant to help navigate the regulatory complexities and compliance implications of a new payment’s platform at a major financial institution. The ideal candidate will possess a deep understanding of regulatory environments, compliance, and operational processes associated with payment systems. This role will oversee the entire lifecycle of the payments platform, ensuring adherence to existing and forthcoming regulations while facilitating a seamless integration of front-end systems with treasury services and banking operations.

Additional Information

The base salary for this position will vary based on geography and other factors. In accordance with law, the base salary for this role if filled within New York, NY is $145k - $185k/year & benefits (see below).

The Role

Responsibilities:

Regulatory Navigation:

• Analyze and interpret complex regulatory requirements related to payments, banking operations, and treasury services.
• Develop strategies to address compliance implications associated with the new payments platform.

Project Management:

• Create comprehensive project plans that outline milestones, deliverables, timelines, and resources required to ensure compliance with regulatory standards.
• Lead cross-functional teams in the execution of project plans, ensuring alignment with business objectives and regulatory requirements

Lifecycle Management:

• Oversee the full lifecycle of the payments platform, from initial concept through to production release and post-production support.
• Facilitate coordination between stakeholders, including IT, operations, compliance, and external regulatory bodies.

Implementation Oversight:

• Monitor the implementation of project plans, ensuring timely adherence to milestones and regulatory deadlines.
• Conduct regular reviews and updates to project plans based on evolving regulatory landscapes and business needs.

Documentation and Reporting:

• Develop and maintain comprehensive documentation related to project plans, compliance strategies, and operational processes.
• Prepare and present regular status reports to senior management and stakeholders, highlighting progress, challenges, and compliance status.

Stakeholder Engagement:

• Build and maintain relationships with key stakeholders across the organization, including compliance, risk management, IT, and operations teams.
• Provide expert guidance and training to stakeholders on regulatory requirements and best practices related to the payments platform.

Post-Implementation Support:

• Ensure ongoing compliance of the payments platform through regular audits and assessments post-production.
• Address any compliance issues that arise in the operational phase and propose corrective actions.

Requirements:

• Bachelor’s degree in Finance, Business Administration, Computer Science, or a related field; Master’s degree or equivalent preferred.
• Minimum of 8-10 years of experience in management consulting, specifically within the financial services sector, with a focus on payments, banking operations, and regulatory compliance.
• Proven track record of managing complex projects and cross-functional teams in a regulated environment.
• Strong understanding of payment systems, treasury services, and banking operations.
• In-depth knowledge of financial regulations (e.g., PSD2, AML, KYC, Dodd-Frank) and their implications for payment platforms.
• Excellent analytical, problem-solving, and organizational skills.
• Strong communication and