Operations Group Manager Senior

** Position Overview*
* At PNC, our people are our greatest differentiator and competitive advantage in the markets we serve. We are all united in delivering the best experience for our customers. We work together each day to foster an inclusive workplace culture where all of our employees feel respected, valued and have an opportunity to contribute to the company's success. As a Operations Group Manager Senior within PNC's Treasury Management organization, you will be based remotely.

Position Summary:

Financial Operations (Fin Ops) and Settlement is an operating leader responsible for the end-to-end financial operations of the bank's merchant services business. This individual owns the operating model from settlement and funding through billing, collections, and revenue assurance. This individual is accountable for the accuracy, timeliness, and control integrity of every financial process within the merchant acquiring lifecycle.

The Fin Ops operating leader ensures that all processing and downstream financial obligations are met, reconciled, and (as applicable) recoverable. The role carries direct accountability for daily operational execution as well as periodic, compliance-driven, and remediation processes across a complex, high-volume payments environment incorporating modern technology and high-levels of automation.

Key Responsibilities:

Operational Leadership & Execution

- Lead the Fin Ops function across settlement, billing, exception management, collections, and financial control functions

- Own daily, monthly, and periodic operational calendars; ensure all processes are executed on schedule and within defined accuracy and quality thresholds, with a focus on automation

- Establish and maintain operating procedures, runbooks, and control documentation for all Fin Ops processes

- Serve as the primary escalation point for high-severity financial exceptions, funding discrepancies, or merchant-impacting operational failures

Financial Control & Reconciliation

- Maintain full reconciliation integrity across the merchant services general ledger, including settlement accounts, clearing accounts, reserve accounts, and fee income accounts

- Ensure daily and month-end close activities are completed accurately and on time in coordination with the bank's Finance and Accounting functions

- Design and enforce a strong internal control environment, including dual controls, reconciliation sign-offs, and exception aging governance

- Partner with Internal Audit and Compliance to support examinations, audits, and regulatory reviews of financial operations

Revenue Assurance & Fee Integrity

- Own merchant interchange and scheme fee economics; ensure interchange income is accurately captured, pass-through fees are correctly assessed, and network fees are reconciled and disputed where applicable

- Identify and remediate billing and revenue leakage across the merchant portfolio, including misconfigured rate plans, unbilled transactions, and under collected fees

- Partner with Product and Pricing teams to operationalize fee schedule changes and new billing constructs

Risk, Collections & Recoveries

- Manage reserve adequacy across the merchant portfolio, coordinating with Credit Risk and Underwriting on reserve policy application and exceptions

- Oversee the collections strategy for merchant receivables, including fee arrears, negative balance recovery, and post-termination loss mitigation

- Lead damage assessment processes for merchant-related fraud, processing errors, and dispute losses; quantify recoverable amounts and coordinate recovery actions

Compliance & Regulatory Operations

- Ensure all Fin Ops processes comply with applicable regulations, card network rules, and bank policy, including IRS 1099-K requirements, BSA/AML transaction monitoring obligations, and state unclaimed property laws

- Manage lien and levy processing in strict adherence to legal requirements and internal policy

- Maintain audit-ready documentation and evidence packages for all Fin Ops processes

Strategic Contribution & Continuous Improvement

- Define and drive the Fin Ops target operating model, including automation opportunities, system enhancements, and vendor/processor integration improvements

- Develop and report on a Fin Ops scorecard covering operational KPIs, exception aging, funding accuracy, billing quality, and recovery performance

- Partner with Product & Platform team on requirements for Technology system implementations, platform migrations, and operational tooling that impacts financial processing

- Contribute to the merchant services business strategy by providing data-driven insight on operational cost, risk exposure, and revenue performance

Qualifications
- Required:

- 10+ years of progressive financial operations experience in payments, merchant acquiring, or card issuing, with at least 5 years in a senior management or leadership role

- Deep understanding of the merchant acquiring value chain, including settlement flows, interchange economics, scheme fee…