Pay Range: $101,200 - $126,500

Remote Eligible: Hybrid

We offer a pay-for-performance compensation program including bonuses for all employees and a competitive benefits package. See https://www.cuofco.org/careers for a high-level overview of our benefits package and bonus offerings.

General Purpose of the Position 

The Payment Services Manager is responsible for executing the organization’s payments strategy by leading product management and operational delivery across the payment ecosystem. This role oversees payment products and services end-to-end from concept through implementation and ongoing optimization while ensuring secure, compliant, and efficient daily operations. This leader manages both Payment Operations and Payment Product Management, overseeing key payment functions (ACH, wires, checks, ATMs, bill pay, RDC, Zelle, and Instant Payments) and leading a team of Product Managers responsible for product roadmap, lifecycle management, and member experience. The role ensures strong alignment between product strategy and operational execution, balancing efficiency, risk and compliance, and innovation, while partnering closely with Digital Services, IT, Risk, Accounting, Finance, and Operations teams. 

Essential Duties and Responsibilities 

Strategy Execution & Leadership 

• Partners with the Director of Payment Services to inform future roadmap decisions and execute in alignment with the established payments strategy, roadmap, and prioritization.  

• Drives alignment between payment operations and product strategy to ensure scalable, efficient, and member-focused solutions. 

• Provides leadership, coaching, and development to the Payment Services Supervisor and Product Managers, fostering a high-performing and accountable team culture. 

• Promotes a culture of innovation, accountability, and continuous improvement across both product and operations functions.  

Payment Product Management 

• Leads and manages Payment Product Managers, ensuring product initiatives are delivered effectively and aligned with strategic direction.  

• Manages product lifecycle activities including implementation, optimization, adoption, and ongoing performance monitoring.  

• Directs vendor management activities, including performance monitoring, issue resolution, and contract alignment. 

• Ensures clear requirements, delivery expectations, and success metrics are established for product initiatives.  

• Partners with Digital Services, IT, Risk, Accounting, Finance, Operations, and vendors to coordinate delivery activities. 

• Assists in evaluating enhancements, new functionality, and emerging payment capabilities, bringing forward recommendations and execution considerations. 

• Leads and supports change management efforts for new payment products, enhancements, and process changes, ensuring cross-functional readiness across operations, technology, and member-facing teams prior to implementation. 

Payment Operations  

• Oversees and supports the Payment Services Supervisor in managing payment operations, ensuring performance, accuracy, and control across ACH, wires, checks, ATM operations, bill pay, P2P, mobile payments, remote deposit capture, and instant payments. 

• Establishes and monitors operational KPIs (processing accuracy, exception rates, SLAs, reconciliation). 

• Leverages data and reporting to drive insights, improve decision-making, and optimize performance.  

• Oversees audit readiness, issue remediation, and policy/procedure alignment.  

• Adheres to all Federal and State laws and regulations applicable to the Credit Union, including the Bank Secrecy Act and OFAC. 

• Responsible for compliance with the Fair and Accurate Credit Transaction Act (FACTA), the Bank Secrecy Act (BSA) and the Anti Money Laundering Act, including monitoring for such illegal activity as it applies to this position. 

• Performs additional duties and responsibilities as assigned. 
   

Requirements 

EDUCATION AND EXPERIENCE 

Minimum of an associate degree in business. Bachelor's degree in business (B.S.) from four-year college or university preferred. Seven to ten years of professional experience related to Payment Services with a financial institution. Minimum five years of Management experience with a financial institution.  Current knowledge of all regulations and credit union procedures pertaining to payments and card services activities.  Ability to exercise tact and responsibility with handling confidential information.  Willingness to respond to service interruptions regarding the Credit Union’s Payment Systems/Networks and terminals 24 hours a day, seven days a week.  Certification as an Accredited ACH Professional (AAP) preferred.   

OTHER SKILLS AND ABILITIES 

Technical knowledge of accounting concepts, practices, procedures, and financial reports. Understanding of related regulations, statutes, and filing requirements. Knowledge of Credit Union core computer system and other related computer applications, with emphasis in Microsoft products, including Microsoft Excel and Word. Ability to assist and supervise others. Proficient in 10-key and microcomputer operations. Ability to apply verbal and interpersonal skills that develop member confidence, respect and trust in Credit Union of Colorado and develop cooperative relationships with all levels of people throughout the organization.  Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations.  Ability to write reports, business correspondence, and procedure manuals.  Ability to effectively present information and respond to questions from groups of managers, clients, customers and the general public.  Ability to work with mathematical concepts such as probability and statistical inference.  Ability to apply concepts such as fractions, percentages, ratios, and proportions to practical situations. 

DIRECT REPORTS   

Payment Services Supervisor; Payment Product Manager 

PHYSICAL DEMANDS 

While performing the duties of this job, the employee is typically required to sit for long periods.  The employee continually is required to talk or hear. The employee is occasionally required to stand, walk, stoop and reach with hands and arms. The employee will occasionally lift and/or move up to 10 pounds.  Specific vision abilities required by this job include close vision and the ability to adjust focus.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.   
 

Core Competencies 

Every position at Credit Union of Colorado is grounded in our organizational Core Values and Core Competencies. These skills and behaviors guide how we work, collaborate, and deliver results. Click here to view our Core Values and Core Competencies on Atlas. 

Credit Union of Colorado is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity or expression, national origin, age, disability, genetic information, marital status, veteran status, or any other characteristic protected by applicable federal, state, or local laws. 

Please note applicants can redact any information that identifies their age, birth date, or dates of schooling on either their resume or any additional materials provided.

Pay Range: $149,900 - $187,400

Remote Eligible: Hybrid

We offer a pay-for-performance compensation program including bonuses for all employees and a competitive benefits package. See https://www.cuofco.org/careers for a high-level overview of our benefits package and bonus offerings.

The Director of Payment Services provides strategic leadership and enterprise oversight of all payment-related functions for the Credit Union. This role is responsible for defining the vision, strategy, and long-term roadmap for payment solutions that are secure, scalable, and innovative. The Director sets direction across the payment ecosystem, including card services, ACH, wires, ATMs, and emerging payment capabilities while ensuring alignment with enterprise priorities, risk appetite, and member experience goals. This leader serves as the primary advisor to senior management on payments strategy, industry trends, and investment priorities. The Director leads through leaders, establishing clear objectives and governance to ensure effective execution, operational excellence, and continuous innovation across payment products and services.

ESSENTIAL DUTIES AND RESPONSIBILITIES  May perform other duties as requested or assigned. 

• Defines and owns the enterprise payments strategy, including long-term roadmap, investment priorities, and innovation initiatives.
• Advises senior management on payment trends, competitive positioning, and strategic opportunities.
• Ensures alignment of the payments strategy with enterprise objectives, digital initiatives, and member experience goals, while partnering with key stakeholders across Digital Services, IT, Risk, Accounting, Finance, and Operations to prioritize and advance key initiatives.
• Establishes guiding principles, governance, and success metrics for all payment products and services.
• Evaluates emerging technologies, partners, and industry developments to inform strategic direction.
• Serves as the Credit Union’s primary relationship owner for payment networks, processors, and key third party vendors, while monitoring and ensuring compliance with contractual agreements.
• Represents the Credit Union in external partnerships, industry forums, and network engagements.
• Establishes and oversees the risk management framework for payment services, including fraud strategy, controls, and monitoring expectations, ensuring alignment with regulatory requirements (ACH, wires, cards, BSA/AML, OFAC) through appropriate governance and oversight.
• Provides direction on risk tolerance, escalation frameworks, and issue resolution priorities, ensuring enterprise readiness for audits, exams, and regulatory changes.
• Provides oversight of payment operations performance through defined KPIs, dashboards, and reporting, ensuring appropriate controls, processes, and service levels are in place to support operational excellence.
• Leads and develops Payment Services leadership, fostering a high-performing, accountable, and engaged team.
• Establishes organizational structure, roles, and capabilities to support current and future needs while fostering a culture of innovation, accountability, and continuous improvement.
• Establishes short- and long-term goals, objectives, and budgets for Payment Services functions.
• Fosters a working environment that projects the Credit Union’s mission, vision, and core values.
• Adheres to all Federal and State laws and regulations applicable to the Credit Union, including the Bank Secrecy Act and OFAC.

EDUCATION AND EXPERIENCE

Minimum of a bachelor's degree in business (B.S.) from four-year college or university.  Minimum of ten years of progressive professional experience related to Payment Services with a financial institution.  A minimum of ten years of Management experience with a financial services organization.  Current knowledge of all regulations and credit union procedures pertaining to payments and card services activities.  Ability to exercise tact and responsibility with handling confidential information.  Experience modernizing payment systems or supporting the launch of digital-first solutions.  Familiarity with real-time payments, tokenization, ISO 20022, and API-based architecture is a plus.  Ability to express oneself clearly and articulately both orally and in writing; maintain emotional control under stress and handle multiple and complex deadlines; and provide detail-oriented and high-quality reporting with minimal inaccuracies.  Ability to work within a team-oriented environment and promote a positive attitude toward teamwork; and to work with little or no supervision of daily activities. Willingness to respond to service interruptions regarding the Credit Union’s Payment Systems/Networks and terminals 24 hours a day, seven days a week.  Understanding of intermediate accounting, math, and computer applications.

DIRECT REPORTS 

Payment Services Manager

PHYSICAL DEMANDS 

While performing the duties of this job, the employee is typically required to sit for long periods.  The employee continually is required to talk or hear. The employee is occasionally required to stand, walk, stoop, and reach with hands and arms. The employee will occasionally lift and/or move up to ten pounds.  Specific vision abilities required by this job include close vision and the ability to adjust focus.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.  Limited travel required to visit CU locations as needed. 

Every position at Credit Union of Colorado is grounded in our organizational Values and Core Competencies. These skills and behaviors guide how we work, collaborate, and deliver results. Click here to view our Values and Core Competencies on Atlas.

Credit Union of Colorado is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity or expression, national origin, age, disability, genetic information, marital status, veteran status, or any other characteristic protected by applicable federal, state, or local laws. 

Please note applicants can redact any information that identifies their age, birth date, or dates of schooling on either their resume or any additional materials provided.