REPORTING RELATIONSHIP
Reports to the NACHA Board of Directors.

COMPANY BACKGROUND
NACHA-The Electronic Payments Association (NACHA) is the leading organization in developing electronic solutions to improve the payments system. A not-for-profit national trade association established in 1974, NACHA represents more than 11,000 financial institutions through direct memberships, a network of regional payment associations, and 585 organizations through its industry councils.

NACHA develops and maintains operating rules and business practices for the Automated Clearing House (ACH) Network. The network facilitates electronic payments in the areas of direct debit, direct deposit, Internet commerce, paper check conversion, electronic bill and invoice presentment and payment (EBPP, EIPP), e-checks, financial electronic data interchange (EDI), international payments, and electronic benefits transfer (EBT).

As the owner of ACH Operating Rules, NACHA has a broad range of responsibilities affecting the ACH Network and its users. Those users include over 17,000 financial institutions, millions of businesses and over 100 million consumers. In 2006 16 billion ACH payments were processed and volume growth is expected to continue to be around 15% a year.

The ACH Network facilitates commerce, electronically, by serving as an efficient, reliable and secure payments system. ACH volume has grown from 8 billion transactions in 2001 to 16 billion in 2006 and is predicted to be over 25 billion in transaction volume by 2010. The Network processes consumer and business transactions.

In 2006, NACHA recognized $13.6 million in revenue and is projecting revenue of $14.9 million in fiscal year 2007. NACHA’s sole office is located in Herndon, VA and the association employs 67 professional and non-professional staff to support the association’s mission.

COMPANY WEBSITE
www.nacha.org

RESPONSIBILITIES
The CEO will provide the overall vision, leadership and day-to-day management of the organization. The CEO will be responsible for ensuring that NACHA continues in its role of managing the development, administration, and governance of the Network, and of providing superior services and value to its members.

More specifically, the CEO will:

• Continue to ensure that the proper rules, regulations and standards developed by NACHA are applied and adhered to by all depository financial institutions and participants.
• Ensure that the ACH Network is efficient, reliable and secure.
• Develop, maintain, and effectively advocate a strategic vision for the Network.
• Develop new ACH standards and applications that are consistent with the Guiding Principles through an open and disciplined process that measures the potential impact on all Network participants.
• Regularly engage with all members of the Association, actively promoting the value and best uses of electronic payments.
• Ensure that funding and voting rights recognize and balance the interests and perspectives of the Association membership and all financial institution participants.
• Manage an association that has the appropriate organization and governance structure to meets its responsibilities as the Network administrator and the industry association.
• Develop and retain "best-in-class" team members that are able to consistently execute on association goals and objectives.

As the spokesperson of the industry, the CEO will continue to cultivate strong relationships with its members to achieve mutual objectives and fully leverage the member’s investment.

Additionally, the CEO should develop relationships with other leading payment organizations such as credit card associations, debit cards, and prepaid cards to continue to drive the vision and values of electronic payments throughout the industry.

PERSONALCHARACTERISTICS

• A recognized and credible leader in payments strategy and/or product development preferably from a financial services company.
• A broad and deep understanding of payments and how they affect the profitability and revenue model of a depository financial institution.
• Demonstrated leadership experience that includes developing a strategic vision and executing on that vision in a rapid growth, fluid environment.
• Proven track record of leading the operations of an organization of similar size and scope, including management of staff and financial resources; influencing key stakeholders to work toward achieving common goals and objectives; and delivering superior customer service.
• Passionate about payments; must have credibility in the industry.
• Strong leader who is a good negotiator yet diplomatic; politically savvy.
• Visionary who has a passion for payments and understands the impact of emerging technologies on the evolution of payment types
• Intellectually self-confident, able to quickly grasp complex issues, with multiple moving parts.
• Good listener who develops strong relationships, builds consensus, and then is able to make decisions.
• A proactive executive who reaches out to constituents and the market regularly.
• High ethical standards, personal integrity, and focused work ethic critical.
• Excellent customer relationship management and interpersonal skills.
• Strong communicator, able to effectively present and persuade in person, over the telephone or in writing. Thinks on his/her feet. Able to confidently and professionally interface with members, regulators and industry leaders to inspire a sense of confidence in his/her ability to achieve network and association goals.

COMPENSATION
A competitive compensation package including base salary and annual bonus will be offered.

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Korn/Ferry shall provide equal employment opportunity to all qualified candidates, and will refer candidates without regard to race, color, religion, national origin, sex, age, disability, veteran status or any other legally protected basis. Korn/Ferry shall comply with all applicable laws, rules and regulations in the performance of duties pursuant to this Agreement, including but not limited to, Title VII of the Civil Rights Act, the Age Discrimination in Employment Act, the Americans with Disabilities Act, and state and local anti-discrimination laws to the extent applicable.