Goldman Sachs
    Published
    June 12, 2024
    Location
    New York, New York
    Job Type

    Description

    TRANSACTION BANKING

    We aim to build a modern and digital-first transaction banking solution to serve our clients. Our business combines the strength, heritage, and expertise of a 150-year-old firm with the agility and entrepreneurial spirit of a tech start-up. Our goal is to provide a best-in-class digital product that helps clients to succeed by giving them a holistic view of their business. Through the use of modern technology built on the cloud, we are the alternative to legacy platforms. We’re a team of diverse experts helping our clients to build the future of their Treasury.

    Commercialization and Risk Product Manager

    The Product Commercialization and Risk Team is responsible for TxB product commercialization including product risk management. This is an individual contributor role reporting into the Product Strategy and Commercialization team but will have cross-product and cross function responsibilities and will run a variety of projects including product profitability, product readiness, business policies and operating processes, and end-to-end product gaps and risk management. The role is to ensure that the business and each product team understands the regulatory, internal risk environment as well as client needs to make sure we are building suitable and complete products including the right operating environment to serve our clients.

    The role requires experiences in payments and treasury services as well as digital experience in financial services or similar payment organizations. The role will work closely with the rest of the product teams as well as operations, engineering, and risk and the Firm’s legal, compliance and risk teams to establish and operate sound businesses.

    As a product manager you will:

    • Define our product strategy and design experience to provide clients with the best end-to-end client experience
    • Establish or participate in agile product discipline which establish rhythm for the team, promote ongoing communication, and iterative refinement of roadmaps
    • Document clear user stories and acceptance criteria to collaborate, direct, and inform engineering and partner team resources in quick sprint increments
    • Drive build-vs-buy decisions in the product development process
    • Test and iterate in small-scale pilots to validate concepts, refine them to achieve product-market fit to driving full scale implementation and go to marketing programs
    • Define and own internal business policies and processes to support the operating business
    • Work with cross-functional teams to manage ongoing business operations from client selection and acquisition, to client service, and any client monitoring capabilities
    • Identify product and business risks or gaps and build appropriate controls for risk mitigation
    • Define learning agenda and key performance indicators (KPIs) to measure success/failure
    • Regularly and systematically use data to uncover opportunities, track product performance, and drive decision-making
    • Prioritize, negotiate and remove blockers to orchestrate successful launch or optimization cycle

     

    What we are looking for:

    • Experience operating the day-to-day of a payment or banking business with a focus on establishing policies, processes and risk infrastructure
    • Proven experience in and passion for building and shipping great products
    • Exceptional communication skills- someone who is an engaging storyteller and is at ease presenting to executives
    • Creative problem solver who lives at the intersection of Human, Business and Technology dimensions.  Deep fluency and experience in at least two of these dimensions, with solid understanding of the third
    • Blend of both strategic and tactical thinking- someone who can identify and prioritize opportunities in highly ambiguous contexts, and then organize thematic work areas in deep detail, thus aligning long term vision with iterative execution
    • Strong quantitative background to support data-informed decision making
    • Collaborative, team player attitude with the ability to navigate and influence the organization
    • Comfortable in the fast lane: Experience with driving rapid team and product growth
    • Mission Driven: Must be a strong believer in the team and mission
    • Culturally Inclusive: Considerate to the cultural differences of team and a diverse user-base
    • Forward thinking: Anticipation of organizational needs for efficiency

    Basic Qualifications:

    • Bachelor’s Degree or military experience
    • At least 5 years of experience in product management or business management

    Preferred Qualifications:

    • MBA or Master’s degree
    • 5+ years of experience translating business strategy and analysis into business growth

    Salary Range
    The expected base salary for this New York, New York, United States-based position is $115000-$270000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end.

    Benefits
    Goldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings, which are generally available to active, non-temporary, full-time and part-time US employees who work at least 20 hours per week, can be found here.