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MVB Bank
UNKNOWN, WV | Full Time
$112k-154k (estimate)
2 Months Ago
SVP Head of Payments
MVB Bank UNKNOWN, WV
$112k-154k (estimate)
Full Time | Banking 2 Months Ago
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MVB Bank is Hiring a Remote SVP Head of Payments

ABOUT US

Here at MVB, our company culture defines the environment in which Team Members thrive. Our culture impacts a wide range of elements, including our purpose, values, expectations and goals that support growth and engagement – it is the secret sauce of our organization!

Our values live at the core of all that we do – Trust, Commitment, Teamwork, Adaptive, Respect, Love and Caring are our foundation for success. We are committed to fostering an environment focused on diversity, equity and inclusion, and we welcome Team Members from all walks of life. Join Team MVB today!

MVB Financial Corp. (“MVB Financial” or “MVB”), the innovative financial holding company of MVB Bank, Inc., is publicly traded on The Nasdaq Capital Market® under the ticker “MVBF.” Through its subsidiary, MVB Bank, Inc., (“MVB Bank”) and the bank’s subsidiaries, MVB provides services to individuals and corporate clients in the Mid-Atlantic region, as well as to Fintech, Payment and Gaming clients throughout the United States. For more information about MVB, please visit www.mvbbanking.com.

This role can be based remotely.

Candidates must reside in one of the following states: West Virginia, Virginia, Texas, Florida, Ohio, Pennsylvania, Maryland, Washington D.C., New York, New Jersey, Arkansas, Alabama, Arizona, Delaware, Indiana, North Carolina, Georgia.

ABOUT THE ROLE

MVB’s Fintech Banking business has grown significantly over the past five years. Fintech Banking has become a key driver of deposits and fee income to MVB Bank. Total Fintech Banking program deposits now exceed $2.4 billion through dozens of client and partner relationships.

The SVP, Head of Payments is tasked with providing strong leadership for MVB Bank’s FinTech Banking team. The department has re-focused its near-term strategy around growing existing key partnerships rather than adding additional ones. Existing key partners include some of the world’s largest payments providers. The role includes oversight of the bank’s FinTech account management and client delivery teams client and partner implementations, and partner and network relationships (Visa, MasterCard, acquiring and issuing processors). The Head of Payments provides strong leadership of merchant acquiring and card issuing sponsorship relationships, and non-card FinTech payments business lines for the bank (ex., ACH, RTP, Wire) is paramount. The SVP will work very closely with the bank’s Chief Operations and Digital Officer, Chief Information Officer, Chief FinTech Risk & AML Officer, Chief Risk Officer, President & CEO, and other bank leaders and their team members. The leader in this role will have extensive knowledge of merchant acquiring and card issuing business lines, and sufficient knowledge of non-card payments, including, ACH, RTP, and Wire.

WHAT YOU’LL DO

  • Oversight of the Fintech Banking account management and client delivery teams providing day-to-day support for existing FinTech clients and partners.
  • Ensure Fintech Banking is providing high-touch service to its sponsored partners in the areas of card acquiring, issuing, Visa Direct/MC Send, RTP, ACH, and Wire.
  • Oversee P&L, revenue and/or deposit growth goals for existing clients and partners.
  • Direct and lead a team of individuals working within the assigned business verticals, including day-to-day oversight, team member goal-setting, and bi-annual employee reviews.
  • Partner with the bank’s Chief Operations and Digital Officer, Chief Information Officer, Chief FinTech Risk & AML Officer, Chief Risk Officer, President & CEO, and other bank leaders and their team members to deliver on the Company’s strategic goals related to Payments.
  • Lead or assist in negotiating complex FinTech partner contract extensions and/or terminations.
  • Oversee development of policies and procedures related to the business line.
  • Ensure the development of performance metrics, alignment, tracking and follow up for the FinTech organization.
  • Lead the launch of new products/services, if/when needed.
  • Drive overall operational excellence initiatives for Fintech Payments at MVB, including participation in company-wide initiatives related to Operational Excellence.

EDUCATION & WORK EXPERIENCE

  • Bachelor’s Degree with at least 15 years of demonstrated experience is required, and an Advanced degree is preferred. Prior experience managing Fintech companies preferred.
  • Experience working with large global payments providers.
  • Significant experience in card acquiring, card issuing, specifically, through employment with another sponsor bank(s) or t card brands.
  • Knowledgeable of banking products including account types and uses by FinTech and payments companies.
  • Financial and operational knowledge, as well as knowledge of banking and payments regulations, policy and procedures that affect the company.
  • Understanding of launching and managing a sponsored program and
  • banking operations/Treasury experience with higher-risk clients and FBO accounts.
  • Consensus builder and ability to work with Risk and support functions.
  • Excellent listener for building expertise as a consultative team
  • Expert problem solver to develop solutions for client needs.
  • Ability to attract, develop and retain top talent.
  • Strong leadership skills with the ability to inspire people to action through their influence.
  • Basic or in depth understanding of blockchain and digital gaming business lines a strong plus.
  • Experience managing regulatory relationships or working in a highly regulated environment is a plus.

BENEFITS AT MVB

MVB Financial Corp., (“MVB”) offers an excellent selection of benefits for regular, part-time and full-time Team Members, including:

  • Medical, Dental and Vision Insurance
  • Health Savings Account (HSA), Health Reimbursement Account (HRA) & Flexible Spending Accounts (FSA)
  • Short- and Long-Term Disability Plan
  • Group Life Insurance
  • 401K Salary Deferral Plan
  • Wellness Program
  • Education & Tuition Expense Reimbursement
  • PTO and Unique Vacation Purchase Program
  • Nationwide Pet Insurance Coverage

#LI-Remote

We encourage you to submit an application even if you haven’t performed every job duty listed above, as your skills may be transferrable. MVB is looking for ambitious individuals with related knowledge, understanding and abilities who are willing to learn and grow. What we care about most is allowing you to develop and, in return, you help us become a stronger, more diverse and well-rounded organization.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)

Job Summary

JOB TYPE

Full Time

INDUSTRY

Banking

SALARY

$112k-154k (estimate)

POST DATE

03/25/2024

EXPIRATION DATE

06/29/2024

WEBSITE

mvbbanking.com

HEADQUARTERS

FAIRMONT, WV

SIZE

200 - 500

FOUNDED

1999

TYPE

Public

CEO

LARRY F MAZZA

REVENUE

$50M - $200M

INDUSTRY

Banking

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MVB Bank is a financial institution that provide banking products and services for individuals and businesses.

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