Full-Time

Director – Banking Operations

Posted on 9/24/2024

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 requires in-office presence.

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

IPO

Total Funding

$553.5M

Headquarters

New York City, New York

Founded

2005

Growth & Insights
Headcount

6 month growth

2%

1 year growth

10%

2 year growth

6%
Simplify Jobs

Simplify's Take

What believers are saying

  • Acquisition of Skaud enhances Payoneer's financial services and workforce management capabilities.
  • Collaboration with Tech Mahindra advances secure and flexible cross-border transactions.
  • SMBs expanding into new trade corridors present opportunities for Payoneer's solutions.

What critics are saying

  • Integration challenges from Skaud acquisition may pose financial risks.
  • Increased competition from platforms like Wise and Zelle could attract Payoneer's customers.
  • Geopolitical risks and trade tensions may complicate cross-border transactions for clients.

What makes Payoneer unique

  • Payoneer simplifies international transactions by eliminating costly wire transfers.
  • The platform supports payments in multiple currencies, aiding global business expansion.
  • Payoneer connects businesses to leading marketplaces, enhancing international growth opportunities.

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