Director – Payments Business Architecture Lead

TD • New York, NY

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About The Position

This position is for a Business Architect in our Payment and Deposits Solutions team and requires subject matter expertise in Payment & Deposits product domains and substantial knowledge in product capability ownership. The candidate will be responsible for design of payment and deposits solutions across the enterprise. This will be accomplished by integrating knowledge of how Payments and Deposits functions deliver outcomes for multiple business areas at leading financial institutions. The role involves interpreting business challenges, leading cross-functional projects, and developing new solutions to meet our future client needs.

Requirements

• Undergraduate degree required.
• 7+ years relevant experience.
• 3+ years in Project Management, Product Owner, Testing Practices, and/or Agile delivery experience.
• Substantial knowledge of SWIFT messages, ISO20022, MX and MT formats.
• Deep understanding of payment systems and methods such as Canada Lynx, US CHIPS, and FedWire, etc.
• Familiarity with regulatory reporting such as EFTR Fintrac, sanction screening, fraud detection, anti-money laundering (AML), compliance reporting.
• Understanding of deposit sub-ledger capabilities (like account management, transaction posting, multi-currency handling, interest calculations, liquidity management, controls, and reporting) to drive/ support deposits transformation, an asset.
• Familiarity with various accounts (Nostro, Vostro, Corporate Customer), and integration of payments services with correspondent account processing, an asset.
• Understanding of the interaction between payments and deposits operating models and how these serve client needs and use cases.
• Experience with payment data, canonical models, and payment data mapping.
• Ability to create and document Target Operating Models (TOMs) and define how opportunities and challenges will be delivered through these TOMs.
• Proficient in MS Office and collaboration tools like Jira and Confluence.
• Strong oral and written communication skills.
• Ability to work collaboratively and independently, exercising sound judgment.
• Skilled in data analysis and capable of thriving in ambiguous situations.
• Demonstrated storytelling skills and documentation skills.

Nice To Haves

• Certifications such as PMP, Agile Certified Practitioner, or Scrum Product Owner (CSPO) are assets.
• Knowledge of emerging payment rails like Instant Payments
• Consulting and / or strategy experience preferred, demonstrating problem-solving, analytical thinking, and effective stakeholder management.
• Tier 1 bank or financial institution experience preferred.

Responsibilities

• Strategic Architecture & Design Define and maintain the enterprise payments architecture roadmap to support corporate banking and treasury services.
• Align payments capabilities (ACH, wires, RTP, SWIFT, card rails, and cross-border) with overall business strategy and client needs.
• Translate business objectives into target-state architectures, ensuring scalability, resiliency, and compliance.
• Partner with product management to design solutions that enable new payment services, revenue models, and customer experiences.
• Assess current-state payments processes, systems, and customer journeys to identify gaps and optimization opportunities.
• Develop future-state models (capabilities, data flows, process maps) that enable seamless end-to-end payments execution.
• Ensure alignment of payments processes with ISO 20022 standards, regulatory mandates, and clearing/settlement requirements.
• Collaborate with technology teams to design integration patterns for core banking, ERP, treasury management, fraud/risk, and liquidity platforms.
• Drive adoption of modern APIs, microservices, and cloud-based payments solutions.
• Define architectural guardrails to ensure system interoperability, real-time data availability, and operational resilience.
• Continuously monitor industry advancements (blockchain, CBDCs, AI in fraud prevention) to assess impact on corporate payments.
• Advise senior leadership on emerging payments trends (real-time payments, open banking, digital currencies).
• Modern Way of Working: Employ Agile, Product Owner mindset, Shift Left testing methodologies and best practices utilizing collaborative tools like Jira, JTMF, and Confluence to ensure projects progress in the right direction.
• Keep current on emerging trends, tools, and techniques to improve product development and delivery, including best practices from Design Thinking and Lean Startup methodologies.
• Contribute to a culture of innovation, actively seeking ways to enhance capability and performance efficiency.
• People Management: Lead and manage team members, overseeing activities and deliverables aligned with diverse business clients and segments.
• Foster people development through mentoring, performance feedback, and career succession planning.
• Stakeholder Management: Build and maintain productive relationships with internal and external partners, acting as an ambassador for the business area and the bank.
• Effectively engage and update stakeholders, ensuring understanding of project timelines and strategic alignment with senior management.
• Influence senior stakeholders and guide team members in the area of expertise, managing expectations and collaborating across teams to achieve business objectives.
• Compile and communicate performance metrics to relevant stakeholders.
• Communication & Facilitation: Convey complex concepts clearly, transforming information into compelling business narratives.
• Effectively communicate product changes and backlog priorities to stakeholders.
• Critical Thinking & Problem-Solving: Utilize critical thinking and conflict resolution skills to address complex challenges.
• Recommend best practices for improving products, processes, or services.
• Solve intricate problems and develop innovative solutions through sophisticated analytical thinking.

Benefits

• Total Rewards at TD includes base salary and variable compensation/incentive awards (e.g., eligibility for cash and/or equity incentive awards, generally through participation in an incentive plan) and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off (including Vacation PTO, Flex PTO, and Holiday PTO), banking benefits and discounts, career development, and reward and recognition.

What This Job Offers

• Job Type: Full-time
• Career Level: Director