Full-Time

Director – Banking Operations

Confirmed live in the last 24 hours

Payoneer

Payoneer

1,001-5,000 employees

Global payment platform for cross-border transactions

Fintech
Financial Services

Compensation Overview

$150k - $170kAnnually

+ Bonus

Senior

New York, NY, USA

Hybrid position based in New York, NY.

Category
Commercial Banking
Risk Management
Finance & Banking
Required Skills
Data Analysis
Requirements
  • 6+ years of executive experience in the banking industry with a proven track record of leading and managing teams
  • Strong strategic thinking and holistic business acumen
  • Exceptional communication, interpersonal, and leadership skills with the ability to influence and inspire others.
  • Detail-oriented with a commitment to accuracy and efficiency.
  • Proven ability to delegate effectively and prioritize workload.
  • Deep understanding of relevant banking regulations and compliance requirements
  • Strong analytical and problem-solving skills
  • Experience with banking technology and a willingness to embrace innovation
Responsibilities
  • Lead and direct Banking Operations teams, fostering a culture of collaboration and high performance.
  • Develop and implement a comprehensive strategic vision for the Banking Operations department, aligning it with overall business objectives.
  • Oversee all aspects of daily operations, ensuring accuracy, efficiency, compliance, and adherence to best practices.
  • Identify and implement opportunities for process optimization, cost reduction, and technological innovation.
  • Set performance goals for regional team, track progress, and provide ongoing coaching and development.
  • Manage relationships with key stakeholders across the bank, fostering effective communication and collaboration.
  • Proactively identify and mitigate operational risks, ensuring regulatory compliance
  • Develop and implement contingency plans to ensure business continuity in case of disruptions.
  • Analyze operational data to identify trends and make data-driven decisions.

Payoneer provides a global payment platform that makes international business transactions easier and more affordable. The platform allows businesses to send and receive payments in various currencies, which helps them expand into new markets without the hassle of traditional international wire transfers. By enabling companies to transact as if they were local, Payoneer reduces the complexity and costs associated with cross-border payments. It serves a diverse clientele, from small businesses to large corporations, and connects users to major online marketplaces, enhancing their growth opportunities. Payoneer generates revenue by charging lower service fees compared to traditional banks, making it a cost-effective choice for businesses looking to operate internationally.

Company Stage

N/A

Total Funding

$553.5M

Headquarters

New York City, New York

Founded

2005

Growth & Insights
Headcount

6 month growth

4%

1 year growth

4%

2 year growth

7%
Simplify Jobs

Simplify's Take

What believers are saying

  • Payoneer's significant growth in merchant services volume, which increased by 400%, indicates strong market demand and potential for further expansion.
  • The company's strategic partnerships, such as with Airbnb, enhance its global reach and service offerings, benefiting both Payoneer and its clients.
  • The adoption of AI-powered tools and diverse vendor networks by SMBs, as highlighted in Payoneer's SMB Ambitions Barometer, suggests a forward-thinking approach that can drive future growth.

What critics are saying

  • The complexity of cross-border payments and geopolitical risks could pose challenges for Payoneer's clients, potentially impacting the company's growth.
  • Cybersecurity threats remain a significant concern, with SMBs increasingly prioritizing risk reduction, which could strain Payoneer's resources.

What makes Payoneer unique

  • Payoneer simplifies international transactions by allowing businesses to pay and get paid as if they were local, reducing the need for costly international wire transfers.
  • The platform's connections to leading marketplaces provide unique opportunities for businesses to expand globally, setting it apart from traditional financial institutions.
  • Payoneer's focus on cost-effective solutions with lower fees than traditional banks makes it an attractive option for businesses of all sizes.

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