Vice President, Product Payments, Funds Out

Global Vice President Payments Product, Funds Out – London, UK

The Global Vice President Payments Product, Funds Out will lead and oversee the end-to-end strategy, operations, and optimization of outbound payments across multiple geographies and payment networks. This critical leadership role will focus on enhancing payout capabilities, expanding global disbursement options, and ensuring seamless, secure, and cost-efficient fund movement. You will work cross-functionally with product, treasury, compliance, risk, technology, and banking partners to strengthen the company’s global payments network.

Western Union powers your pursuit.

Key Responsibilities

• Develop and execute a global strategy for outbound payments, ensuring seamless, scalable, and compliant fund disbursements across various payment rails (e.g., ACH, RTP, wire transfers, card networks, blockchain, digital wallets).

• Expand the company’s payout network by forging partnerships with banks, payment processors, fintech's, and alternative payment providers.

• Drive innovation in payout capabilities, including real-time payments, cross-border transactions, and emerging payment methods.

• Stay ahead of market trends, regulatory changes, and new technologies to maintain a competitive edge in global network payments.

• Lead the funds-out operations team, ensuring high-performance transaction processing with a focus on speed, accuracy, and cost-effectiveness.

• Optimize global payout flows to improve transaction success rates, minimize processing costs, and enhance operational efficiency.

• Implement data-driven decision-making to reduce payout failures, optimize routing, and improve reconciliation processes.

• Work closely with treasury and liquidity management teams to ensure efficient fund movements and FX strategies.

• Ensure compliance with global financial regulations (e.g., AML, KYC, OFAC, PSD2, ISO 20022) in all outbound payment processes.

• Collaborate with risk and fraud teams to develop robust risk mitigation strategies for outbound transactions.

• Establish and monitor key performance metrics related to payment processing, fraud prevention, network uptime, and cost efficiency.

• Oversee dispute resolution and exception handling for payout-related issues.

• Build and lead a high-performing global network payments team, fostering innovation and operational excellence.

• Develop strong relationships with internal stakeholders, financial institutions, regulators, and payment partners.

• Present key business insights, trends, and performance reports to executive leadership.

Role Requirements

• 15+ years of experience in global payments, network payments, funds disbursement, or financial services.

• Proven track record in leading global payout strategies, optimizing payment routing, and expanding disbursement networks.

• Strong knowledge of global payment rails.

• Experience working with treasury, FX, and liquidity management in a high-volume payments environment.

• Deep understanding of payment compliance regulations/

• Strong leadership, stakeholder management, and executive communication skills.

• Data-driven mindset with expertise in analytics, cost optimization, and fraud prevention.

We make financial services accessible to humans everywhere. Join us for what’s next. 

Western Union is positioned to become the world’s most accessible financial services company —transforming lives and communities. We’re a diverse and passionate customer-centric team of over 8,000 employees serving 200 countries and territories, reaching customers and receivers around the globe. More than moving money, we design easy-to-use products and services for our digital and physical financial ecosystem that help our customers move forward. 

Just as we help our global customers prosper, we support our employees in achieving their professional aspirations. You’ll have plenty of opportunities to learn new skills and build a career, as well as receive a great compensation package. If you’re ready to help drive the future of financial services, it’s time for Western Union. Learn more about our purpose and people at https://careers.westernunion.com/.  

Benefits 

You will also have access to short-term incentives, multiple health insurance options, accident and life insurance, and access to best-in-class development platforms, to name a few 
(https://careers.westernunion.com/global-benefits/). Please see the location-specific benefits below and note that your Recruiter may share additional role-specific benefits during your interview process or in an offer of employment. 

Your United Kingdom specific benefits include:   

• 25 days annual leave – plus 8 public holidays  

• Comprehensive life & medical cover – including dependents.  

• Contributory pension plan  

Western Union values in-person collaboration, learning, and ideation whenever possible. We believe this creates value through common ways of working and supports the execution of enterprise objectives which will ultimately help us achieve our strategic goals. By connecting face-to-face, we are better able to learn from our peers, problem-solve together, and innovate.

Our Hybrid Work Model categorizes each role into one of three categories. Western Union has determined the category of this role to be Hybrid. This is defined as a flexible working arrangement that enables employees to divide their time between working from home and working from an office location. The expectation is to work from the office a minimum of three days a week.

We are passionate about diversity. Our commitment is to provide an inclusive culture that celebrates the unique backgrounds and perspectives of our global teams while reflecting the communities we serve. We do not discriminate based on race, color, national origin, religion, political affiliation, sex (including pregnancy), sexual orientation, gender identity, age, disability, marital status, or veteran status. The company will provide accommodation to applicants, including those with disabilities, during the recruitment process, following applicable laws.

Estimated Job Posting End Date:

This application window is a good-faith estimate of the time that this posting will remain open. This posting will be promptly updated if the deadline is extended or the role is filled.