Cash Management - Head of Product
New York, NY, US, 10172
SMBC Group is a top-tier global financial group. Headquartered in Tokyo and with a 400-year history, SMBC Group offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance. The Group has more than 130 offices and 80,000 employees worldwide in nearly 40 countries. Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group, which is one of the three largest banking groups in Japan. SMFG’s shares trade on the Tokyo, Nagoya, and New York (NYSE: SMFG) stock exchanges.
In the Americas, SMBC Group has a presence in the US, Canada, Mexico, Brazil, Chile, Colombia, and Peru. Backed by the capital strength of SMBC Group and the value of its relationships in Asia, the Group offers a range of commercial and investment banking services to its corporate, institutional, and municipal clients. It connects a diverse client base to local markets and the organization’s extensive global network. The Group’s operating companies in the Americas include Sumitomo Mitsui Banking Corp. (SMBC), SMBC Nikko Securities America, Inc., SMBC Capital Markets, Inc., SMBC MANUBANK, JRI America, Inc., SMBC Leasing and Finance, Inc., Banco Sumitomo Mitsui Brasileiro S.A., and Sumitomo Mitsui Finance and Leasing Co., Ltd.
The anticipated salary range for this role is between $325,000.00 and $325,000.00. The specific salary offered to an applicant will be based on their individual qualifications, experiences, and an analysis of the current compensation paid in their geography and the market for similar roles at the time of hire. The role may also be eligible for an annual discretionary incentive award. In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees.
Overview
Sumitomo Mitsui Banking Corporation (SMBC) is hiring an MD for the US Cash Management Product Executive position.
This role is responsible for leading the US Cash Management product organization including defining and developing the product vision and strategy in close cooperation with customers, developing and maintaining differentiation in the market, supporting Sales in driving new business deals as well as working with existing clients to deepen wallet share. Additionally, this individual should also facilitate cohesion across product design, development and go-to-market execution to deliver value propositions and customer experience. This role will also require partnership with business partners such as Technology, Operations, Sales, and all other cross-functional teams to exceed client expectations. This role will manage the P&L for this business and report into the head of cash management for the US.
Responsibilities
Lead product organization, including the development of strategy and execution of plans.
Oversee the development and management of a robust suite of cash management products, (e.g., payments, receivables and channel solutions)
Implement advanced digital channels, such as mobile applications, to enhance customer experience.
Leverage advanced technologies such as machine learning, AI, API, and data analytics to develop innovative customer services.
Tailor solutions for multinational clients across a variety of industries and needs.
Promote business through collaboration with members of the Sales and Relationship Management teams to generate innovative ideas and translate them into subsequent product features and offerings.
Develop strong relationships across all functional areas including Risk, Compliance, Legal, Audit, and HR.
Manage team of product managers and designers
Strong knowledge of market trends and emerging innovations within the cash management arena.
P&L ownership across managed product offerings.
Qualifications and Skills
Minimum 10 years of cash management or payments experience at a bank or fintech organization.
Experience in working in an agile environment with client backed design based and modern approaches to product conception, design and delivery.
Experience working in a matrixed business organization.
Experience working with global multinational corporations and clients.
Deep knowledge of US payment offerings and vision for future client needs.
Prior responsibilities in managing a P&L.
Additional Requirements
D&I Commitment
Responsible for fostering a culture of diversity and inclusion, holding leaders accountable for creating an inclusive environment through awareness and practice of equity in recruiting, developing, and promoting diverse talent.
SMBC’s employees participate in a Hybrid workforce model that provides employees with an opportunity to work from home, as well as, from an SMBC office. SMBC requires that employees live within a reasonable commuting distance of their office location. Prospective candidates will learn more about their specific hybrid work schedule during their interview process. Hybrid work may not be permitted for certain roles, including, for example, certain FINRA-registered roles for which in-office attendance for the entire workweek is required.
We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, disability status, protected veteran status or any other characteristic protected by law. SMBC provides reasonable accommodations for employees and applicants with disabilities consistent with applicable law. If you need a reasonable accommodation during the application process, please let us know at accommodations@smbcgroup.com.
Nearest Major Market: New York City