[Hiring] Director, Client Money Movement @Strada

Role Description

As Director, Client Money Movement, you will lead the strategy, governance, infrastructure, and execution of Strada's end-to-end client fund movement ecosystem. This highly visible leadership role is responsible for the secure, compliant, and efficient movement of billions of dollars in client funds supporting payroll, tax remittance, garnishments, benefit payments, and other disbursement services.

This leader will establish and scale a best-in-class Money Movement function, designing future-state operating models, banking infrastructure, controls, reconciliation processes, and payment workflows while partnering closely with Treasury, Finance, Product, Technology, Compliance, Client Operations, and Banking Partners.

The successful candidate combines deep expertise in payments, treasury operations, payroll funding, financial controls, and regulatory compliance with the ability to drive organizational transformation, automation, and strategic growth.

This role serves as the executive owner of the client money movement lifecycle, ensuring operational excellence, regulatory compliance, strong financial stewardship, and an exceptional client experience.

Key Responsibilities

• Money Movement Strategy & Transformation
  • Define and execute the strategic vision for Strada's Client Money Movement organization.
  • Design and optimize end-to-end processes supporting payroll funding, tax payments, garnishments, benefits, and other client disbursements.
  • Develop future-state operating models that improve scalability, automation, Straight Through Processing (STP), and operational resilience.
  • Lead transformation initiatives that simplify workflows, improve client experience, and reduce operational risk.
  • Establish KPIs, SLAs, and performance metrics that provide visibility into operational effectiveness and risk.
• Client Funds Governance & Financial Controls
  • Establish governance frameworks for the management of client funds, including individual and commingled account structures.
  • Ensure proper segregation, safeguarding, allocation, and accounting of client funds.
  • Oversee daily, monthly, and quarterly reconciliations across bank accounts, subledgers, and general ledger activity.
  • Partner with Finance and Treasury teams to ensure accurate accounting, reporting, and financial transparency.
  • Develop and maintain controls that support audit readiness and regulatory compliance.
• Treasury Partnership & Liquidity Management
  • Partner closely with Treasury to develop funding, liquidity, and cash positioning strategies.
  • Ensure client funds are received and available prior to disbursement while maintaining appropriate risk controls.
  • Evaluate opportunities to optimize liquidity and float income while maintaining regulatory and fiduciary responsibilities.
  • Oversee forecasting and visibility into client fund requirements, settlement obligations, and cash flows.
• Payments Operations & Banking Infrastructure
  • Lead the design and optimization of funding and disbursement processes across ACH, wire, RTP, and emerging payment rails.
  • Own relationships with banking partners, payment processors, and financial technology vendors.
  • Define requirements for payment systems, treasury platforms, settlement solutions, and banking integrations.
  • Ensure resiliency, scalability, and operational effectiveness of payment infrastructure.
  • Drive continual improvements in payment processing efficiency and transaction success rates.
• Risk, Compliance & Regulatory Oversight
  • Develop and maintain a comprehensive risk and control framework for money movement operations.
  • Ensure compliance with NACHA, BSA/AML, banking regulations, and other applicable payment and financial services requirements.
  • Partner with Compliance, Risk, and Legal teams to address evolving regulatory requirements.
  • Lead responses to audits, examinations, and compliance reviews.
  • Establish monitoring and governance processes for operational, financial, and regulatory risk.
• Technology & Process Automation
  • Partner with Product and Engineering teams to modernize money movement capabilities.
  • Drive automation initiatives that increase Straight Through Processing (STP) and reduce manual intervention.
  • Develop a long-term technology roadmap for client fund management and payment operations.
  • Identify integration requirements across payroll, HR, banking, treasury, and payment ecosystems.
  • Champion data-driven decision-making and operational intelligence capabilities.
• Leadership & Executive Engagement
  • Build, lead, and develop a high-performing Money Movement organization.
  • Establish organizational structure, operating procedures, and accountability frameworks.
  • Serve as the executive spokesperson for Money Movement Operations with senior leadership, clients, auditors, banking partners, and Board-level stakeholders.
  • Foster a culture of accountability, continuous improvement, innovation, and risk awareness.

Qualifications

• Bachelor's degree in Finance, Accounting, Economics, Business Administration, or related field.
• MBA, CPA, CTP, or similar professional designation preferred.

Requirements

• 10+ years of progressive experience in payments, treasury operations, payroll funding, banking operations, fintech, financial services, or related fields.
• 5+ years of leadership experience managing large-scale operational teams and cross-functional programs.
• Experience managing client funds, settlement operations, and regulated money movement environments.
• Demonstrated success building or transforming payments, treasury, or financial operations functions.
• Experience working with banking partners, payment processors, and treasury technologies.

Preferred Experience

• Payroll funding and settlement operations.
• Employer tax remittance and garnishment payment processing.
• Fintech or payroll technology environments.
• Large-scale automation or digital transformation initiatives.
• Multi-bank, multi-country payment operations.

Technical Expertise

• Deep knowledge of ACH, wire transfers, settlement operations, and payment ecosystems.
• Strong understanding of client fund accounting and reconciliation practices.
• Working knowledge of NACHA, BSA/AML, payment regulations, and financial controls.
• Experience with treasury management systems, banking platforms, and payment technologies.
• Strong analytical, communication, stakeholder management, and executive presentation skills.

Benefits

• Health coverage.
• Wellbeing programs.
• Paid leave (vacation, sick, parental).
• Retirement plans.
• Learning opportunities.
• And more.