Head of Payments & Partnership Modernization – Morristown, NJ

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Head of Payments & Partnership Modernization

#25-1038

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Job Overview

At Valley Bank, we believe in people’s growth potential. We invest in it. We protect it. We focus it. For nearly 100 years, we’ve been the Bank that clients from every industry turn to for our expertise, strategies, and advice–building the kind of trust that can fuel every goal. We are the leading relationship bank built for growth–with over $60 billion in assets, 3,800 experts, and more than 200 consumer branches and commercial banking offices in communities across the US.
At Valley, we’re all driven by an ambition that goes deeper than just having a job. That’s why when you work for us, we make it our goal to help you focus on what drives you–working to turn your passions and strengths into assets you can use to propel your ambitions and build the professional legacy you want. Because when we say we’re a relationship bank built for growth, that’s not just reserved for our clients–that includes all our associates as well.
The Head of Payments & Partnership Modernization will drive the modernization of legacy payment systems, orchestrate vendor and internal development efforts, and ensure architectural alignment across Valley’s banking ecosystem. This role will lead the transformation of Valley’s payment infrastructure and embedded banking platforms, enabling scalable, secure, and API-first solutions that support real-time payments, FBO accounts, and strategic partner integrations. This role will lead strategic initiatives to modernize legacy systems, integrate emerging technologies, and build high-impact partnerships that enhance customer experience, operational efficiency, and revenue growth.

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Expected Work Hours

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Job Description

Responsibilities include but are not limited to:

Develop and execute the modernization roadmap for payments and partner banking platforms aligning initiatives with Valley’s enterprise architecture and transformation goals
Serve as the executive sponsor for modernization programs including RTP, FedNow, and embedded finance capabilities
Lead the selection, integration, and lifecycle management of payment technologies and partner banking platforms
Oversee interoperability with customer-facing systems via open APIs and digital channels
Ensure modular architecture that reduces reliance on incumbent core vendors
Collaborate with Risk, Compliance, and Legal to operationalize sponsorship programs and FBO account structures
Ensure high availability, flawless transaction execution, and competitive pricing of Valley’s payment solutions
Integrate specialized products (FX, Trade Finance, Asset-Based Lending) into the broader modernization strategy
Drive AML/BSA compliance and transaction monitoring enhancements. Partner with Treasury Sales, Commercial Services, Data & Analytics, and Fraud Prevention teams to define and deliver future-state capabilities
Lead internal and external stakeholder engagement to accelerate delivery and adoption.

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Requirements

Required Skills:

Proven track record of leading enterprise-scale transformation initiatives.
Deep understanding of payment rails (ACH, wire, RTP, FedNow), API architecture, and partner banking models.
Strong leadership, communication, and strategic planning skills.
Handles complex issues calmly and creatively.
Thrives in fast-paced, evolving environments.

Required Experience:

Bachelor’s degree in Business, Finance, Technology, or related field.
Minimum of 10 years of experience in payments, banking technology, or fintech partnerships.
Proven track record of leading large-scale modernization initiatives and strategic partnerships.
Deep understanding of payment systems, regulatory frameworks, and emerging technologies.
Strong leadership, negotiation, and stakeholder management skills.

Preferred Experience:

Experience managing vendor relationships and internal development teams.

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Full-time/Part-time

Full-time

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FLSA

Exempt

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Location(s).

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70 Speedwell Ave, Morristown, New Jersey 07960, United States

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Total Rewards Summary

We provide a comprehensive and competitive total rewards package including base salary determined by factors such as the role, relevant experience, skill set, and geographical location. Eligible positions may also be eligible to receive commission-based compensation and/or discretionary incentive compensation, which may be awarded as cash or forfeitable equity, recognizing individual performance and contributions.
In addition to financial compensation, we offer a robust suite of benefits tailored to meet diverse employee needs based on eligibility criteria. These include comprehensive health care and insurance plans, retirement savings options, tuition and adoption reimbursement programs, paid time off, mental health support, and other valuable benefits programs. Further details regarding total compensation and benefits will be shared during the hiring process.

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Job Details

Pay Range $169,100.00 – $310,200.00 / year

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Pay Transparency

In order to support the Fair Compensation Strategy by the US Govt., HR Dept., clients are required to adhere to “Pay Transparency Law”; in the impacted states; that have mandated the employers to list the salary ranges in Job advertisements or postings for job opportunities and Job promotions.

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Valley National Bank is an Equal Opportunity / Affirmative Action Employer. All qualified applicants are encouraged to apply, and will be considered without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, or other legally protected characteristics, and will not be discriminated against on the basis of disability.

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