Head of Product - Reciprocal Deposits

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Job Description

We are FIS. Our technology powers the world's economy and our teams bring innovation to life. We champion diversity to deliver the best products and solutions for our colleagues, clients and communities. If you're ready to start learning, growing and making an impact with a career in fintech, we'd like to know: Are you FIS?

Location: Tri-State area, hybrid

About the role:

In this exciting new opportunity, you'll be responsible for leading the product build for Keystone Reciprocal Deposits, a governed network service that helps banks retain large deposit relationships, support expanded FDIC insurance coverage above $250,000, and reduce operational drag across placement, matching, recalls, reconciliations, reporting, and audit evidence. You'll own product direction, design choices, launch readiness, adoption, pricing inputs, sales enablement, customer feedback loops, and the operating mechanisms that determine whether the product works commercially, not just technically.

About the team:

Our team collaborates with engineers, bank treasury leaders, operations teams, relationship managers, compliance, legal, risk, audit, finance, marketing, sales, and more! We help drive complex products theses into products that customers buy, adopt, operate, and expand.

What you'll be doing:

• Define the product strategy for Reciprocal Deposits, including MVP scope, founder-bank pilot requirements, scale path, and commercial readiness gates.
• Build the roadmap for allocation, reciprocal matching, capacity management, recall orchestration, settlement evidence, reporting, pricing telemetry, and support workflows.
• Partner with GTM and Commercial teams to define founder-bank selection, network viability assumptions, and adoption path across priority FIS core clients.

• Write high-quality PRDs, launch plans, operating requirements, user stories, acceptance criteria, and decision memos.
• Own requirements for customer enrollment, bank onboarding, depositor exclusions, insurance cap enforcement, bank capacity profiles, allocation logic, and reciprocal matching.
• Build product mechanisms for evidence: allocation reports, matching records, audit logs, exception histories, settlement outputs, and compliance exports.

• Own the commercial success model for Reciprocal Deposits, including target customer segments, adoption path, packaging assumptions, pricing inputs, usage telemetry, and success metrics.
• Define positioning, value proposition, buyer narratives, competitive framing, launch messaging, sales enablement, demo flows, and customer proof points with GTM and Marketing.
• Convert product capabilities into customer-ready artifacts, including pitch materials, implementation narratives, FAQs, objection handling, pilot success criteria, and release communications.

• Engage directly with bank treasury, operations, compliance, relationship management, CIO, and payments leaders.
• Translate bank operating realities into scalable product capabilities, not one-off implementation commitments.
• Validate user workflows for treasury teams, bank operations, relationship managers, compliance, audit, and FIS/Keystone operations.

• Partner deeply with engineering and architecture on allocation services, matching logic, ledger semantics, APIs, event orchestration, identity, RBAC, maker/checker controls, audit logging, and operational tooling.
• Own product decisions around net versus gross settlement evidence, ledger versus off-ledger accounting records, batch versus intraday processing, and exception/fallback handling.

• Define product controls for pass-through recordkeeping support, reciprocal classification support, thresholds, exclusions, default handling, disclosures, and audit evidence.
• Drive launch readiness for roles, limits, bank setup, settlement tests, monitoring, DR, support runbooks, escalation paths, and exception management.

What you bring (required):

• 8+ years of product management experience.
• Experience building platform, infrastructure, banking, payments, treasury, deposit, or financial technology products.
• Experience working directly with engineering teams on highly technical systems.
• Experience managing cross-functional delivery across product, engineering, legal, compliance, operations, support, finance, and GTM stakeholders.
• Strong written communication skills, including PRDs, decision memos, launch plans, and executive-ready narratives.
• Demonstrated ability to operate independently in ambiguous, regulated, and high-stakes environments.
• Experience owning product outcomes beyond delivery, including adoption, GTM readiness, customer feedback loops, pricing inputs, launch metrics, or commercial performance.

What you bring (highly preferred):

• Reciprocal deposits, brokered deposits, sweep products, insured cash products, treasury management, or liquidity products.
• Deposit operations, core banking, Cash Manager or cash management platforms, reconciliation, statements, GL posting, or settlement operations.
• FDIC insurance workflows, pass-through recordkeeping, bank compliance evidence, audit logs, or regulatory reporting.
• Tokenized deposits, digital assets, stablecoins, or distributed ledger infrastructure.
• API platforms, bank integration models, developer ecosystems, event-driven systems, or transaction processing platforms.
• Financial networks, consortium models, rulebooks, network governance, or multi-party operating models.
• Pricing, usage telemetry, billing models, cost drivers, or unit economics for bank infrastructure products.

Privacy Statement

FIS is committed to protecting the privacy and security of all personal information that we process in order to provide services to our clients. For specific information on how FIS protects personal information online, please see the Online Privacy Notice.

EEOC Statement

FIS is an equal opportunity employer. We evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, marital status, genetic information, national origin, disability, veteran status, and other protected characteristics. The EEO is the Law poster is available here supplement document available here

For positions located in the US, the following conditions apply. If you are made a conditional offer of employment, you will be required to undergo a drug test. ADA Disclaimer: In developing this job description care was taken to include all competencies needed to successfully perform in this position. However, for Americans with Disabilities Act (ADA) purposes, the essential functions of the job may or may not have been described for purposes of ADA reasonable accommodation. All reasonable accommodation requests will be reviewed and evaluated on a case-by-case basis.

Sourcing Model

Recruitment at FIS works primarily on a direct sourcing model; a relatively small portion of our hiring is through recruitment agencies. FIS does not accept resumes from recruitment agencies which are not on the preferred supplier list and is not responsible for any related fees for resumes submitted to job postings, our employees, or any other part of our company.

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