Payments Manager - Rahway, NJ

Job Description Position Summary: The Director of Payments will help lead the strategic direction, operational quality, and innovation of the credit union’s payments ecosystem, including card services, ACH, wires, digital payments, real-time payments (RTP), and emerging fintech integrations. This individual will play a critical role in driving member satisfaction, improving efficiencies, and ensuring regulatory compliance while advancing the credit union’s payments strategy in alignment with its growth objectives. Key Responsibilities: Develop and execute the organization’s payments strategy, aligning with overall business goals and member needs. Monitor industry trends, emerging technologies, and regulatory changes to keep the credit union on the cutting edge of payment solutions. Champion innovation by identifying and evaluating new payment platforms, partners, and products. Operations & Oversight Oversee all payments-related operations including debit/credit/prepaid card programs, ACH, wire transfers, bill pay, mobile/digital payments, P2P, and merchant services. Ensure seamless, secure, and efficient end-to-end payment processing and servicing. Establish and track KPIs for performance, member experience, and operational efficiency. Risk & Compliance Maintain strong controls and procedures to comply with all applicable laws and regulations, including NACHA, Reg E, Reg Z, PCI DSS, and FFIEC guidelines. Champion the credit union’s enterprise risk management strategy of “Slow Down, Stop, Escalate” Team Leadership Lead and develop the payments team with clear roles and responsibilities. Foster a culture of accountability, innovation, and continuous improvement. Vendor & Partner Management Manage relationships with payment processors, core providers, card networks, fintech partners, and other third-party vendors. Negotiate contracts and ensure vendors deliver on SLAs, security requirements, and member experience standards. Cross-Functional Collaboration Work closely with Digital Banking, IT, Marketing, Member Services, and Finance to deliver cohesive and member-centric payment experiences. Support new product launches and core system initiatives from a payments perspective. Qualifications: Bachelor’s Degree in business, Finance, Information Systems, or related field; MBA or other advanced degree preferred. Minimum five years of experience in financial services with a focus on payments; at least two years in a leadership role. Deep understanding of the U.S. payments landscape, including card networks, ACH, RTP, Zelle, FedNow, and digital wallets. Proven track record in vendor management, strategic planning, and regulatory compliance. Strong analytical, negotiation, and project management skills. Exceptional leadership, interpersonal, and communication abilities. Preferred Experience: Experience in a credit union or mid-sized financial institution or fintech. Familiarity with Jack Henry Symitar, Velera/PSCU, Fiserv Debit, EPN/The Clearing House, Alloya Successful delivery of payment modernization or digital transformation initiatives. Experience working with or integrating fintech solutions. Why Join Us? At our Company Employees Federal Credit Union, we pride ourselves on putting our members first while embracing innovation and growth. As Director of Payments, you’ll have the opportunity to shape the future of payments for a forward-thinking, financially strong institution with a strong member base and a collaborative, mission-driven culture. Required Skills: Bank Fraud, Client Service Excellence, Credit Card Services, Credit Unions, Customer Relationship Management (CRM), Facility Management, Financial Analysis, Financial Services Operations, Fraud Detection, Fraud Management, Loan Processing, Supervisory Management Preferred Skills: Current Employees apply HERE Current Contingent Workers apply HERE US and Puerto Rico Residents Only: Our company is committed to inclusion, ensuring that candidates can engage in a hiring process that exhibits their true capabilities. Please click here if you need an accommodation during the application or hiring process. As an Equal Employment Opportunity Employer, we provide equal opportunities to all employees and applicants for employment and prohibit discrimination on the basis of race, color, age, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, disability status, or other applicable legally protected characteristics. As a federal contractor, we comply with all affirmative action requirements for protected veterans and individuals with disabilities. For more information about personal rights under the U.S. Equal Opportunity Employment laws, visit: EEOC Know Your Rights EEOC GINA Supplement​ We are proud to be a company that embraces the value of bringing together, talented, and committed people with diverse experiences, perspectives, skills and backgrounds. The fastest way to breakthrough innovation is when people with diverse ideas, broad experiences, backgrounds, and skills come together in an inclusive environment. We encourage our colleagues to respectfully challenge one another’s thinking and approach problems collectively. Learn more about your rights, including under California, Colorado and other US State Acts The salary range for this role is $79,200.00 - $124,700.00 This is the lowest to highest salary we in good faith believe we would pay for this role at the time of this posting. An employee’s position within the salary range will be based on several factors including, but not limited to relevant education, qualifications, certifications, experience, skills, geographic location, government requirements, and business or organizational needs. The successful candidate will be eligible for annual