Deposit Product Manager Job Description
Deposit product manager
provides executive leadership through deep subject matter expertise in consumer/retail banking, commercial banking, mortgage/lending, wealth management, and capital markets.
Deposit Product Manager Duties & Responsibilities
To write an effective deposit product manager job description, begin by listing detailed duties, responsibilities and expectations. We have included deposit product manager job description templates that you can modify and use.
Sample responsibilities for this position include:
Working with Financial Advisors and Branch Managers to support their commercial activities in the field
Partners and works closely with assigned areas of Branch Banking to implement new products and manage existing products to meet company objectives, support strategic direction and create new ideas and solutions
Assist in strategic management of Deposit Margin and Interest Rate Risk for the Core Retail group
GHQ executives and the Regional PCM organizations in Asia, North America, LATAM, Europe & Middle East specifically Region Execs, Product Management Execs, Sales Execs, Client Service Execs
Tracking financial performance and developing key performance metrics
Preparing analyses and financial forecasts for senior management
Coordinating and managing cross-functional teams with representatives from IT, operations, legal, compliance, marketing, business, finance to design, launch and implement new initiatives
Supports a wide variety of initiatives in support of the assigned product line(s)
Translates the strategic direction of the business into a set of feature requirements and user stories
Attends daily scrums with development teams on active projects to help drive priority decisions and remove roadblocks
Deposit Product Manager Qualifications
Qualifications for a job description may include education, certification, and experience.
Education for Deposit Product Manager
Typically a job would require a certain level of education.
Employers hiring for the deposit product manager job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Business, MBA, Marketing, Finance, Business/Administration, Management, Education, Statistics, Graduate, Economics
Skills for Deposit Product Manager
Desired skills for deposit product manager include:
Commercial
Private Banking
Retail
Delivery infrastructure systems and the system linkages underlying products
Retail Banking Systems and Operations
Ability to use Bank software and systems
Assigned business line and technical marketing skills
Banking operations
Banking products and services
Company
Desired experience for deposit product manager includes:
Knowledge of cash management products, especially interest-bearing checking/savings accounts, certificates of deposits, and money market funds
Demonstrable track record and ability to collaborate across organizations and drive results
Positive attitude and comfort in working in fast-paced environment
Role requires solid business acumen and strategic thinking and insight
Strong Client Focus & business acumen
Ability to work effectively with service partners across different platforms
Deposit Product Manager Examples
1
Deposit Product Manager Job Description
Job Description Example
Our growing company is searching for experienced candidates for the position of deposit product manager. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for deposit product manager
- Develops and maintains strong partnerships with sales teams, marketing, communications, operations, technology, legal, compliance, finance and channel management to effectively drive for results
- Provides frequent communication to management on the progress of initiatives and projects
- Closely monitors the competitive and industry landscape, and have a solid understanding of the regulatory requirements and regulatory changes that impact the assigned product line(s)
- Develops and presents recommendations to improve the customer experience, improve performance, enhance profitability, reduce cost, reduce risk and create efficiencies
- May directly manage Product Analysts
- May serve as a project manager on consumer product related projects across various channels (Online, Branch, Call Center, .)
- Understand customer acquisition/retention trends
- Manage Business Banking Savings and CD product portfolio
- Actively support other Business Banking deposit products including checking & saving
- Become expert in client experience, banker experience, systems and business product solutions
Qualifications for deposit product manager
- Bachelor degree in Business or related discipline (or) equivalent business experience is required
- Previous experience managing financial services products or channels, leading initiatives from beginning to end, and sourcing new opportunities to improve profitability and reduce costs, is required
- A minimum of 3 years of financial services experience preferably in product management is required
- Bachelor degree in Business or related discipline (or) equivalent business experience
- Demonstrated capabilities in developing and executing strategies and managing product portfolios
- Direct experience in developing initiatives which have increased product acquisition, cross-sell, usage and retention
2
Deposit Product Manager Job Description
Job Description Example
Our company is searching for experienced candidates for the position of deposit product manager. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for deposit product manager
- Translate business opportunities, customer needs, and business goals into a product development roadmap
- Lead new program development projects within Business Banking and across other lines of business
- Lead and understand in-depth analysis on all products, with emphasis on savings/CD
- Perform financial modeling and simulations to determine the profit and loss impact from new product introductions and product enhancements
- Partner with key stakeholders within Business Banking and across the enterprise to design and manage product program initiatives
- Create and report on key portfolio metrics ad hoc reporting on portfolio trends and related industry comparisons including competitive analysis of product, pricing, portfolio dynamics and promotional structures
- Own, manage and socialize your product backlog seeking iterative improvement and continuous refinement
- Manages all aspects of assigned products for product lines to maximize product potential and profitability
- Work closely with Treasury and Finance teams on interest rate and liquidity risk positioning
- Develop, present and defend recommended Deposit Pricing decisions to Executive Management
Qualifications for deposit product manager
- Demonstrated experience with large, complex portfolios
- Direct product P/L responsibility
- Undergraduate degree in a business related field or equivalent experience
- Minimum five years of treasury services product management or related treasury management experience
- Excellent project management/organizational skills and history of successfully driving multiple projects simultaneously to completion
- Strong project management with ability to lead complex projects end-to-end with minimal supervision
3
Deposit Product Manager Job Description
Job Description Example
Our innovative and growing company is hiring for a deposit product manager. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for deposit product manager
- Ability to utilize Novantas Price-Tek tool to run pricing simulations and various market tests for predictive analysis
- Translate business opportunities, client needs, and business goals into a sound product and pricing strategy
- Ensures product compliance with all control objectives from governing bodies such as the Consumer Finance Protection Bureau (CFPB), Federal Deposit Insurance Corporation (FDIC), and the Federal Reserve Board (FRB)
- Lead development of new products, refine existing products and develop ideas that promote the growth of household Deposits portfolio
- Subject matter expert to our partners and clients on the product set
- New Product Development / Product Strategy
- Manage Market Rate Changes
- Financial Management of Product - Balances and Revenues
- Partner with Technology, Operations, Sales, Client Service, Risk, Legal, Compliance, Product Management Client Solutions (PMCS) teams, and other Lines of Business that utilize product set
- Develop business requirements for technology initiatives
Qualifications for deposit product manager
- Challenges status quo, communicates a compelling case for change, and clearly articulates the benefits of moving forward with strong business acumen
- Banking knowledge including knowledge of sales & service to business clients
- Ability to present findings in concise and coherent fashion
- Minimum 3 years of Product Management experience in a professional or financial services firm
- Proficiency in Microsoft Office Suite including Excel, Word, PowerPoint/PitchPro
- Advanced skill set within Microsoft Office applications (Word, Excel, PowerPoint) with emphasis on Microsoft Excel with respect to financial analysis and reporting executive level PowerPoint presentations
4
Deposit Product Manager Job Description
Job Description Example
Our growing company is searching for experienced candidates for the position of deposit product manager. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for deposit product manager
- Develop product marketing and sales materials
- Ensure regulatory compliance with new and emerging regulation
- Maintain product legal agreements
- Client Issue resolution
- Manage product book across all global regions
- Participate in client calls and RFP responses to promote product set
- Assist client advisors in marketing deposit capabilities to clients by driving sales initiatives
- Provide subject matter expertise, training and education to bankers, investors and client service on our deposits capabilities, the competitive landscape and pricing
- Develop cash management solutions in partnership Fixed income Asset Class Leaders
- Be fully informed on all fixed income related products especially on the shorter term solutions
Qualifications for deposit product manager
- Strong business acumen and financial aptitude
- Strong financial background pricing and competitive analysis experience
- Minimum 4 years marketing/product management and product development experience
- Experience managing Deposit Products and Cash Management Products
- Direct knowledge of Liquidity product specific information – Deposits
- Self-starter, goal oriented, proactive rather than reactive
5
Deposit Product Manager Job Description
Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of deposit product manager. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for deposit product manager
- Assess product development needs through contact with client advisors and clients and create a product development agenda to grow the business
- Develop our Digital Banking roadmap
- Lead a team of 20+ ranging from associate to director level
- Set and execute deposit pricing strategy for $640B+ deposit portfolio
- Present strategy and findings to senior JPMC management including Operating Committee Members
- Support Market Rate Changes
- Partner with Technology, Operations, Sales, Client Service, Risk, Legal, Compliance, Product Sales Specialists teams, and other Lines of Business that utilize product set
- Ownership and management of automated GTM Investment and Loan Sweep services, core Money Market Deposit Account products, partnership with fixed income sales group to manage the SinglePoint Investment Portal, service(s) that support the bank’s liquidity requirements
- Oversees the development of short and long-term goals to meet product objectives and the implementation of appropriate long-term strategic plans and presents them to management
- Ensures product(s) is consistent with organization and business line objectives and goals and meets product profit and growth goals
Qualifications for deposit product manager
- Gains the confidence of others through proven expertise and the ability to communicate it
- Strong listening, influence management and interpersonal/teamwork skills
- Ability to lead projects and programs across multiple work groups
- Comfort analyzing large datasets, identifying key insights and developing recommendations
- Comprehensive understanding of financial product management and project management practices
- Experience writing detailed business requirements and product rollout plans