Transaction Banking, Product Manager-Liquidity Solutions, Vice President

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 provide our clients a simple, intuitive, secure, and frictionless experience for domestic, cross-border and cross-currency payments. Simplifying payments making it just as easy to pay someone across the globe as it is to pay someone around the corner. We're a team of diverse experts helping our clients to build the future of their Treasury.

RESPONSIBILITIES AND QUALIFICATIONS

The Liquidity Solutions Product Manager role is responsible for defining and implementing the Liquidity Solutions business strategy. They will play a strategic role in the life cycle of the liquidity solutions product set while incorporating the voice of the customer. They will partner closely with technology leads to define and create the overall product strategy, document requirements for design and engineering partners, delivery and go-to-market plan that aligns with business goals. They will also work closely with all Transaction Banking teams including Operations and Sales to implement and manage core product capability and to develop innovative new liquidity solutions to meet client needs. The role requires an understanding of corporate liquidity products, including deposit accounts, term deposits, Money Market Fund Sweeps, cash concentration, virtual accounts and notional pooling. An understanding of client challenges/opportunities and industry trends will be required as inputs into the Liquidity Solutions strategic product roadmap.

The Team

The Liquidity Solutions product team is responsible for developing innovative cash management solutions including cash concentration, virtual accounts, and notional pooling. We are thought leaders, bringing new ideas and insights to clients to help them achieve a leaner, smarter treasury.

Core Responsibilities:

• Act as subject matter expert in liquidity products and cash management solutions
• Understanding of current liquidity products industry landscape, including current trends
• Execute against product strategy to buildout our liquidity solutions roadmap
• Understands product development methodologies and strategies needed to fulfil delivery
• Input towards scoping of product development team from initial strategy to delivery and beyond
• Identify, document requirements, and develop new capabilities aimed at delivering customer value
• Ability to communicate within team to provide focus against prioritized product development goals
• Translate between business requirements and technology specifications - in both directions: top-down and bottom-up
• Document clear user stories and acceptance criteria to collaborate, direct, and inform Design and Technology resources
• Present complex ideas and processes in easy to consume presentations to gain stakeholder alignment and drive initiatives
• Support Sales in responding to complex RFPs, non-standard information requests,
• Support Sales in delivering product demos and best and final solution presentations (over phone or in-person)
• Support Sales with client needs identification, solution recommendations and pricing
• Provide training and support to Sales and business partners on new payments product capabilities
• Contribute input into marketing strategy and communications plans

Preferred Qualifications:

• Bachelor's Degree or military experience
• At least 7-10 years' experience in Liquidity Product Management or PSS role
• Understanding of risks and mitigants related to Liquidity products and solutions
• Experience in designing, building and rolling out new liquidity products and owning the process from start to finish
• Experience with liquidity solutioning including virtual accounts and cash concentration
• Experience with responding to RFPs and leading pitches centered around liquidity solutions
• Extremely strong presentation and communication skills, as well as strong organizational and interpersonal skills
• Team player with ability to collaborate with business and cross-divisional partners
• Self-motivated individual interested in a fast-paced and rapidly evolving organization
• Knowledge of regulatory landscape related to Liquidity
• Commitment to excellence and integrity

ABOUT GOLDMAN SACHS

At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world.

We believe who you are makes you better at what you do. We're committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs. Learn more about our culture, benefits, and people at GS.com/careers.

We're committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: https://www.goldmansachs.com/careers/footer/disability-statement.html

The Goldman Sachs Group, Inc., 2023. All rights reserved.

Goldman Sachs is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, veterans status, disability, or any other characteristic protected by applicable law.