The Goldman Sachs Group, Inc

Transaction Banking, Payments Product Manager - USD Domestic Payments, Associate

The Goldman Sachs Group, Inc$90K — $130K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 5-7 years of product management or operations in transaction banking or cash/treasury management.
  • Basic knowledge of payment options like USD wire, ACH, and checks.
  • Understanding of risks and controls in payment execution.
  • Strong communication skills for cross-team collaboration.
  • Analytical mindset for translating customer needs into solutions.
  • Excellent organizational skills and time management.

Responsibilities

  • Drive the payments product strategy in collaboration with key stakeholders.
  • Act as a subject matter expert for USD domestic payment mechanisms.
  • Package transaction banking services into client value-driven solutions.
  • Create product materials and marketing strategies for commercialization.
  • Oversee end-to-end management of products, ensuring industry-leading solutions and risk management.

Benefits

  • Diverse and inclusive culture that supports professional and personal growth.
  • Training and development opportunities available for all employees.
  • Wellness and personal finance offerings.
  • Access to mindfulness programs for employees.
  • Commitment to reasonable accommodations during the recruiting process.
Full Job Description
Job Description

TRANSACTION BANKING

RESPONSIBILITIES AND QUALIFICATIONS

The USD Domestic Payments Product Manager is pivotal in providing the direction and end to end management of our payment products and services, with a special focus on USD domestic payment methods and rails. The incumbent owns responsibility for development of new products, continual product improvement and enhancement, management of product risks and contribution to overall product strategy and commercialization. The role requires a good understanding of the different payment options available to corporate and institutional businesses within the United States, spanning across well-established methods such as wires, ACH and checks to more recent developments in real-time payments. The ability to understand client challenges/opportunities and industry trends will be key to providing inputs into the payments strategic product roadmap and commercialization strategy.

Responsibilities include:
  • Driving the payments product strategy forward through partnership with key stakeholders including Engineering in developing solutions that utilize the latest technology to provide value to clients. The role has end-to-end oversight over the product and the delivery of industry-leading solutions alongside a robust risk management framework.
  • Operating as a subject matter expert for one or more USD domestic payment mechanisms. Demonstrating an in-depth understanding of commercial application and usage of payment products within the corporate B2B and B2C space among others.
  • Commercialization of transaction banking services by packaging products into solutions that provide value to clients and the creation and delivery of product materials and marketing strategies.
  • Moderate travel may be required for the role.

Ideal candidate has:
  • Experience in product management or product sales or operations in transaction banking or cash/treasury management.
  • Basic payment rail knowledge, particularly in USD wire, ACH and checks, with broader familiarity in cross-border and global payments.
  • Basic understanding of risks and controls entailed in end to end payment execution and the delivery of payment services.
  • Ability to balance attention to detail with high level business goals and strategy.
  • Good communication skills and ability to interact and partner with stakeholders within and across cross-functional teams to deliver best in class solutions.
  • Logical and analytical skills to understand and articulate customer needs and turn requirements into actionable solutions.
  • Excellent organizational, time management and planning skills.

Basic Qualifications
  • Bachelor's Degree or military experience
  • 3-5 years of experience in a payments / settlement / treasury management / operations role
  • Skills with MS-Office (Word/Excel/Powerpoint)

Preferred Qualifications / Experience
  • Bachelor's Degree in Product Management, Computer Science, Engineering, or related fields
  • At least 3 years of experience working in transaction banking product management
  • Experience in Agile and waterfall SDLC with exposure or understanding of full stack development, End to End testing, and post launch validations. Familiarity with tools such as JIRA and Confluence.

About The Goldman Sachs Group, Inc

The Goldman Sachs Group, Inc. provides investment banking, securities, and investment management services, as well as financial services to corporations, financial institutions, governments, and high-net-worth individuals worldwide. Its Investment Banking segment offers financial advisory services, including advisory assignments concerning mergers and acquisitions, divestitures, corporate defense, risk management, and restructurings and spin-offs; and underwriting services comprising public offerings and private placements of a range of securities, loans, and other financial instruments, and derivative transactions. The company’s Institutional Client Services segment provides client execution services, such as fixed income, currency, and commodities client execution related to making markets in interest rate products, credit products, mortgages, currencies, and commodities; and equities related to making markets in equity products, as well as executes and clears institutional client transactions on stock, options, and futures exchanges. This segment also engages in the securities services business providing financing, securities lending, and other brokerage services to institutional clients, including hedge funds, mutual funds, pension funds, and foundations. Its Investing and Lending segment originates longer-term loans; and invests in debt securities, loans, public and private equity securities, real estate, consolidated investment entities, distressed assets, currencies, commodities, and power generation facilities. The company’s investment management segment provides investment products and services, as well as offers wealth advisory services, including portfolio management and financial counseling, and brokerage and other transaction services.

The Goldman Sachs Group, Inc. Careers

Join the prestigious team at The Goldman Sachs Group, Inc., a global leader in finance and investments, and propel your career to new heights. Our firm is renowned for its commitment to excellence, innovation, and leadership in the financial sector.

Work You’ll Do

At Goldman Sachs, you will be part of a dynamic environment that fosters growth, diversity, and professional development. Engage in transformative projects that redefine the landscape of global finance, driven by a culture of high performance and continuous improvement.

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Explore Job Opportunities and Internships

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Networking and Professional Growth

Goldman Sachs is not just a workplace. It is a community where you can build lasting relationships with colleagues and industry leaders. Our networking events, mentorship programs, and professional groups foster connections that can accelerate your career trajectory.

Benefits and Career Development

Invest in your future with Goldman Sachs’ unparalleled employee benefits and career development programs. From comprehensive health benefits to personalized career coaching and leadership training, we ensure that our team is equipped for success, both professionally and personally.

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Join The Goldman Sachs Group, Inc.

Embark on a rewarding journey with The Goldman Sachs Group, Inc. where your potential is limitless. Explore positions, read about our company culture, and apply today to become part of a team that values growth, leadership, and innovation.

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At The Goldman Sachs Group, Inc., your career is just the beginning – it’s an opportunity to excel and lead in the global financial industry. Join us and make your mark!
Learn more about The Goldman Sachs Group, Inc
Size
45,100 employees
Market Cap
$115.8 billion
Industry
Net Income
$9.4 billion
Founded
1869
5 Year Trend
+11.3%
Revenue
$53.4 billion
NASDAQ

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