VICE PRESIDENT/SENIOR VICE PRESIDENT, PAYMENTS & INNOVATION

Description

Position Title: Vice President/Senior Vice President, Payments & Innovation
Department: Regulatory Affairs
Reports to: Executive Vice President, Co-Head of Regulatory Affairs
Job Type: Full Time, Exempt
Salary Range: $300,000-$450,000 (depending on profile of candidate)

Mission of Organization:

The Bank Policy Institute (BPI) is a nonpartisan public policy, research, and advocacy group, representing the nation’s leading banks. Our members include universal banks, regional banks and the major foreign banks doing business in the United States. Collectively, our members employ millions of Americans, make a majority of the nation’s small business loans, and serve as an engine for financial innovation and economic growth. Our staff includes economists, researchers, financial analysts, and attorneys, all focused on using data and analysis to shape sound policy. We distribute our research and analysis to U.S. and global regulators, members of Congress, academics and media through academic-quality research papers, blog posts, white papers, comment letters, and Congressional testimony. Knowledge of fraud threats and fraud mitigation strategies in the banking and payments sector is a plus but not required.

Position Summary:

This position will play an important role in developing and communicating BPI’s advocacy positions on a variety of topics related to banks’ payments activities, the evolving payments landscape and use of novel technologies, including, but not limited to, distributed ledger technology.  This position will work directly with subject matter experts from leading banks to develop advocacy strategies related to banks’ payments activities, role in the payments ecosystem, and exploration and use of novel technologies to conduct payments activities. This individual will be responsible for drafting regulatory comment letters, white papers, issue summaries, and other advocacy-related materials, such as blog posts, about these topics.  The position also will work with BPI’s Government Affairs team on legislative and related policy issues and with BPI’s communications team to develop and execute advocacy strategies on bank innovation in the payments space. Knowledge of and/or experience with various payments channels and emerging technologies in the payments ecosystem is required. The person should be enthusiastic about technology and understand innovative payment solutions.

This position may be designated as Vice President or Senior Vice President based on qualifications of candidate.

Essential Functions and Responsibilities:

• Work directly with BPI member banks and other relevant stakeholders to research, compile, and synthesize information to support the development of BPI’s regulatory advocacy regarding payment innovation, including through comment letters, white papers, blogs, and other written materials.
• Advocate BPI’s position on payments issues and emerging technology solutions for payments by meeting regularly with policymakers and federal agencies including, primarily, the Office of the Comptroller of the Currency, the Federal Reserve Board, the Federal Deposit Insurance Corporation, and the Consumer Financial Protection Bureau, among others.
• Manage one or more BPI member committees; organize and lead meetings with subject matter experts at BPI member banks to develop consensus on policy and legal issues, which are then reflected in BPI’s communications.
• Conduct research and draft memoranda, articles and blog posts on payments innovation and novel technologies and banks’ role in the payment ecosystem.
• Draft persuasive and effective advocacy documents, including comment letters in response to regulatory proposals.
• Closely monitor the payments ecosystem and activities of federal regulatory agencies and Capitol Hill on relevant matters of importance to BPI members and provide rapid and succinct reports to BPI members.
• Work collaboratively with the BPI Communications Department to ensure effective messaging on important regulatory and policy issues, including interviews with media.
• Assist the BPI Government Affairs staff in their efforts on Capitol Hill by analyzing legislation, drafting Congressional testimony and other materials and attending meetings with Hill staff.
• Speak at meetings and conferences on issues of importance to BPI’s members.
• Work collaboratively with other trade associations and industry groups on issues of joint interest.
• Assist with planning BPI’s conferences, symposia and events, including developing agendas, identifying speakers and preparing briefing materials.

Knowledge, Skills, and Abilities:

• BA/BS Degree required; master’s degree or JD preferred.
• Minimum of five-to-eight years of relevant experience at a regulatory agency, in the financial services industry, or a consulting firm or similar, with strong knowledge of the payments ecosystem, banks’ payments activities, and novel technologies being leveraged in the payments ecosystem, including DLT. Knowledge of fraud threats and fraud mitigation strategies in the banking and payments sector is a plus but not required.
• Knowledge of payments law, including the Electronic Funds Transfer Act, the Uniform Commercial Code, and other banking law, such as the National Bank Act, the Bank Holding Company Act, and the Federal Deposit Insurance Act, is a plus, but not required.
• Excellent analytical, decision-making and problem-solving skills. 
• Advanced client management, diplomacy and people skills.
• Ability to effectively manage one or more committees of BPI member banks.
• Strong, concise, accurate, and effective written and oral communications; must be able to communicate and coordinate with individuals across all levels of a financial institution.
• Ability to thrive in a team environment while also taking initiative and working independently, with ability to multi-task and prioritize objectives and deliverables.
• Strong attention to detail and organizational and project management abilities.
• Intellectual curiosity for learning about the financial services industry.

BPI seeks to attract and retain top talent by offering a competitive compensation package that includes excellent health and dental insurance, generous retirement savings plans, tuition reimbursement, student loan repayment assistance and commuting assistance (either bike, Metro or parking). 

This is a Washington, DC-based position, and the successful candidate generally will be expected to work in BPI’s DC office Monday-Thursday each week, with the option to work remotely 20 days per year.  Fridays are typically work-from-home days.

All applicants must be authorized to work lawfully in the United States for BPI.  BPI will not sponsor or take over sponsorship of employment visas.