Product Owner – Domestic Payments (Virtual Accounts or ACH/Bulk Payments)

Product Owner Domestic Payments (Virtual Accounts or ACH/Bulk Payments)

Location: Preferably Pune, alternatively Hyderabad or Bengaluru

Experience: 12+ Years

Role Overview

We are seeking an experienced Product Owner Domestic Payments to lead product delivery and strategy across Virtual Accounts and Automated Clearing House (ACH)/Bulk Payments capabilities. The role will focus on end-to-end product ownership, driving enhancements across payment platforms, enabling scalable domestic payment solutions, and ensuring compliance with regulatory frameworks.

The candidate will work closely with business, technology, operations, and risk teams to translate business needs into technical requirements while ensuring robust delivery across testing and implementation cycles.

Key Responsibilities

Product Ownership & Delivery

• Own the end-to-end product lifecycle for Virtual Accounts and ACH/Bulk Payment solutions.
• Translate business strategy into clear product roadmaps, user stories, and functional requirements.
• Define testable acceptance criteria and ensure smooth execution across SIT, UAT, and PVT cycles.
• Drive cross-system coordination across payments platforms, treasury services, and cash management systems to deliver the target solution.

Virtual Accounts & Cash Management

• Manage product capabilities related to Virtual Account structures, including:
• Account hierarchies
• Numbering logic
• Reconciliation and reporting
• Enable client use cases around cash management, liquidity optimization, and automated reconciliation.
• Work with treasury and transaction banking teams to deliver scalable solutions for corporate clients.

ACH & Bulk Payments

• Lead product management for ACH / low-value deferred payments, including:
• Bulk statutory payments
• Government payments
• Bill payments
• Ensure adherence to regulatory and scheme guidelines for ACH and domestic payment rails.
• Support operational readiness, product governance approvals, and release management.

Regulatory & Risk Compliance

• Ensure compliance with KYC/AML requirements, sanctions screening, onboarding controls, and operational risk frameworks.
• Manage regulatory change implementation, scheme updates, and internal governance approvals.

Testing & Release Management

• Support test strategy validation across SIT, UAT, and PVT cycles.
• Participate in test scope definition, evidence validation, defect triage, and prioritization.
• Ensure production readiness and successful release sign-offs.

Stakeholder Management

• Collaborate with technology, operations, product, and risk teams to deliver high-quality payment solutions.
• Translate business requirements into clear technical specifications for development teams.
• Communicate effectively with senior stakeholders and cross-functional teams.

Required Skills & Experience

• 12+ years of experience in product management within banking, fintech, payments, or cash management.
• Strong expertise in Virtual Accounts and ACH/Bulk Payments flows.
• Experience working as a Product Owner, Business Analyst, or SME in payments platforms.
• Strong knowledge of:
• Cash management and treasury services
• Payment processing platforms
• Domestic payment rails and schemes
• Experience with Agile product delivery, backlog management, and user story creation.
• Strong understanding of regulatory compliance, product governance, and operational controls.
• Proven ability to manage cross-functional stakeholders and complex delivery programs.

Preferred Qualifications

• Experience in corporate transaction banking or domestic payments platforms.
• Exposure to large-scale payment transformation programs.
• Strong analytical, communication, and stakeholder management skills.