Closed listing
Product Manager – Transaction Banking (LMS & VAM)
- ON, Canada
- Ontario, Canada, Canada
Full-time
This opening has closed.
The original listing is kept below for reference.
Job details
- Job type
- Full-time
- Closing date
- Experience
- Experience: 8–10 years of dedicated experience inside Transaction Banking or Corporate Cash Management divisions.
- Posting language
- English
- Posted
Similar jobs hiring now
Search current openingsOriginal job description
Archived listing. The details below describe a past opening.
Position: Product Manager – Transaction Banking (LMS & VAM)
Location: Hybrid- Toronto, ON
Job type: Full-time/Permanent hiring
We are seeking an experienced LMS / VAM Specialist to drive the delivery, implementation, and optimization of our enterprise corporate platforms. In this role, you will act as the critical structural bridge between corporate treasury requirements and underlying transaction banking core technology. You will be responsible for deploying next-generation liquidity sweeping, physical cash pooling, and automated virtual sub-ledgering engines.
Key Responsibilities
- Solution Design & Deployment: Lead end-to-end configuration, design, and deployment of VAM and LMS platforms for tier-one corporate enterprise clients.
- Cash Architecture Engineering: Structuralize complex multi-entity, multi-currency, and cross-border sweeping, physical cash concentration, and notional pooling templates.
- Virtual Sub-Ledger Optimization: Help clients transition from heavy Demand Deposit Accounts (DDAs) into automated, hierarchical virtual account sub-ledgers mapped to single master structures.
- Reconciliation Automation: Configure complex payment routines including automatic remitter identification, Payments on Behalf Of (POBO), and Collections on Behalf Of (COBO).
- System & Messaging Integration: Oversee data integrations utilizing open banking APIs and global SWIFT pipelines (e.g., ISO 20022 messaging formats including CAMT.053 and MT940).
Required Qualifications & Skill Set
- Experience: 8–10 years of dedicated experience inside Transaction Banking or Corporate Cash Management divisions.
- Domain Mastery: In-depth technical/functional knowledge of Liquidity Management Systems (LMS) and Virtual Account Management (VAM).
- Financial Workflows: Strong familiarity with corporate treasury needs, cross-border payments, pooling strategies, and general ledger reconciliation mechanics.
- Industry Messaging Standards: Hands-on operational experience with SWIFT messaging networks, ISO 20022 schemas, MT940, and CAMT.053 statement parsing.
More about this job
Responsibilities
Lead the design, configuration, deployment, and optimization of liquidity management and virtual account platforms for enterprise clients. Develop complex cash pooling and sweeping structures, automate payment and reconciliation workflows, and oversee integrations using open banking APIs and SWIFT messaging.
Requirements
Requires 8–10 years of experience in transaction banking or corporate cash management, with in-depth functional and technical knowledge of liquidity management systems and virtual account management. Candidates should understand corporate treasury workflows, cross-border payments, pooling strategies, ledger reconciliation, and SWIFT and ISO 20022 messaging standards.
Skills
- Liquidity Management Systems
- Virtual Account Management
- Transaction Banking
- Corporate Cash Management
- Cash Pooling
- Liquidity Sweeping
- Cash Concentration
- Corporate Treasury
- Cross-Border Payments
- Virtual Sub-Ledgers
- General Ledger Reconciliation
- SWIFT Messaging
- ISO 20022
- MT940
- CAMT.053
- Open Banking APIs
Visa sponsorship
Not detected in the job text
Categories
- Finance & Accounting
- Management & Leadership
- Technology
Keywords
- Transaction Banking
- Corporate Cash Management
- Liquidity Management Systems
- Virtual Account Management
- Enterprise Platforms
- Solution Design
- Platform Deployment
- Liquidity Sweeping
- Physical Cash Pooling
- Cash Concentration
- Notional Pooling
- Multi-Entity Cash Structures
- Multi-Currency Cash Structures
- Cross-Border Payments
- Virtual Sub-Ledgers
- Demand Deposit Accounts
- Master Accounts
- Payment Automation
- Remitter Identification
- Payments on Behalf Of
- Collections on Behalf Of
- General Ledger Reconciliation
- Open Banking APIs
- SWIFT
- ISO 20022
- CAMT.053
- MT940