Obopay Seeking VP Treasury Operations

Obopay offers the first comprehensive mobile payment service in the United States. Obopay's consumer service allows mobile phone subscribers to send money, give gifts, pay each other and purchase from their mobile phone. Obopay was founded in 2005 by successful serial entrepreneurs, funded by top venture capitalists, and is based in Silicon Valley, CA. Obopay is an exciting startup with a great company culture. We're looking for talented, energetic individuals to help build a leading company in the mobile space.

Position Description: VP Treasury Operations - responsible for treasury operations for the Obopay Service.

Primary Responsibilities:

• Manage the fiduciary funds held for Obopay customers
• Insure the safety of all fiduciary funds by establishing
  • Audit and risk control procedures and policies
  • External audits commissioned by Obopay to audit procedures and policies i.e. SAS 70, Risk Evaluation, Payment Card Infrastructure (PCI), Information Security, Penetration Testing
  • Corporate policies for privacy, information security, compliance etc.
• Responsible for compliance with Federal banking regulations such as Anti Money Laundering, Patriot Act, Regulation D and E, and the FFIEC guidelines.
• Responsible for state money transmitter regulations
• Supervise the daily reconciliation of all settlement and investment accounts
• Manage the relationships with bank and financial partners who process Obopay ACH, ATM, credit card and other payment transactions.
• Supervise the underwriting of Obopay transaction risk and customer risk
• Supervise escheatment process

Experience Desired:

• 10+ years in banking or payment processing
• High level of cash management knowledge
• CTP (Certified Treasury Professional) or equivalent experience
• MBA a plus

Additional Requirements:

• Strong communications skills
• Ability to synthesize and create structure
• Ability to deal with ambiguity
• Ability to work in a fast paced, nimble environment
• Self Motivated and Directed

For more information or to forward your resume for consideration, please contact Naomi Kuhn at Obopay via email.