Deposits Product Manager Job Description
Deposits product manager
provides assistance to the Treasury Director and Cash Manager in a number of areas, including bank account establishment and maintenance, bank account rationalization, and cash management;.
Deposits Product Manager Duties & Responsibilities
To write an effective deposits product manager job description, begin by listing detailed duties, responsibilities and expectations. We have included deposits product manager job description templates that you can modify and use.
Sample responsibilities for this position include:
Maintain a dynamic list of strategic ideas, enhancements and active projects
Position new initiatives by telling the customer story associated with optimizing current, or making net new investments
Responsible for business compliance for consumer deposit products and the Relationship Rewards program, partnering effectively with Compliance, Legal
Product Managers are responsible to own and manage the applicable risks – strategic, reputational, compliance/regulatory, operational, credit, interest rate, liquidity or price/financial – related to all products and services they manage within their respective job function (Payables, Receivables, Liquidity, Information Reporting, Revenue, Marketing, etc…)
Product performance – develop and maintain dashboards/performance metrics to manage the performance of products, tracking and responding to performance trends
Responsible for developing products, client solutions and end-to-end processes within the risk and control framework as set by the bank
Setting product and pricing strategy for APAC Deposits & Investments Products, ensuring alignment with the Global Strategies, and in line with APAC and Country priorities
Maintain subject matter expertise and provide support on all bank deposit, cash management, credit card, and other financial products, including competitive positioning, best in class user experience, top competitors
Design and sharpen the proposition of mortgage loan for varying customer segments
Develop and implement new product or tactical campaigns to achieve business goals such as new bookings volumes and online channel share
Deposits Product Manager Qualifications
Qualifications for a job description may include education, certification, and experience.
Education for Deposits Product Manager
Typically a job would require a certain level of education.
Employers hiring for the deposits 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, Finance, Management, Marketing, Education, MBA, Graduate, Economics, Project Management, Information Systems
Skills for Deposits Product Manager
Desired skills for deposits product manager include:
Ability to use Bank software and systems
Bank’s policies and procedures and their relationships within the Bank
Outside market and competitive products
ACH funds transfer
Account conversion
Applicable Microsoft Office applications
Bank Fees
Cash management products
Certificates of deposits
Core Treasury Management product offerings –
Desired experience for deposits product manager includes:
Ensure thoughtful design of end-to-end journeys for customers and front-line staff, creating joyful banking experience for mortgage loan on-boarding and servicing
Responsible for target new bookings volumes, portfolio growth, profitability and market share
Ensure adherence to corporate standards and practices related to insurance sales and compliance with relevant legislation and regulations at all times
Participate in cross-function team to re-engineer existing processes for greater productivity and cost management
Track, report, forecast, and plan segment acquisition growth by product and consumer business lines
Monitor competitors product, pricing, and feature strategies to provide recommendations for product enhancements
Deposits Product Manager Examples
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Deposits Product Manager Job Description
Job Description Example
Our company is looking for a deposits product manager. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for deposits product manager
- Responsible for managing compliance requirements operational, financial and model risk requirements
- Manages customer relations by monitoring client satisfaction and customer complaints
- Establishes budget requirements and ensures financial returns for the business
- Engage in quantitative analyses and assist in developing and maintaining forecasting models that support balance forecast, pricing management and fee income reviews
- Assist with managing compliance requirements for the deposit products business, including compliance monitoring, operational, financial, model risk and vendor management requirements
- Deliver initiatives and campaign to achieve business strategies and KPIs which includes deposit balances and revenue and customer segment penetration
- Work with internal and external stakeholders to enhance product proposition to provide a WOW customer experience, streamline processes for operational efficiencies
- Provide regular reporting to support business eg campaign and regulatory reporting
- Support day-to-day product and services enquiries from touch-points and support units
- To promote and acquire primary/secondary schools to sign up for Smart Buddy
Qualifications for deposits product manager
- Programme, manage and coordinate implementation of onboarding process between school and external vendors and conduct presentation and training to internal and external stakeholders
- Familiar with Deposits related processes, systems, regulatory and risk framework
- Ability to work effectively with other business units, across various functions
- Ability to think strategically and implement effectively
- Able to work under timeline pressures and able to multi-task effectively
- Self-motivated team players and enjoy working in a fast-paced environment
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Deposits Product Manager Job Description
Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of deposits 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 deposits product manager
- Maintenance of Products, including understanding the way they work, troubleshooting issues, documenting, and maintaining strong working relationship with Operations
- Supporting the sales teams by developing and implementing strategies, marketing campaigns and sales aids client specific strategies during the sales cycle
- Educating TMSA's, RM's, PM, and CA's to understand the value proposition of the product, and specific nuances of the product
- Reporting and Analysis on the performance of the products, including balances, fees, pricing, client lists, product performance, and various risk metrics
- Development of new products, and product enhancements to support the overall deposit and liquidity strategy of Commercial Division, and the bank as a whole
- Manage the risk assessments, policies, and practices to support a moderate to low risk objectives
- Manage vendor relationships related to the liquidity and deposit products
- General Analytics in support of the Commercial Deposit and Liquidity strategy, including finding best practices and opportunity industries
- Participates and provides input on promotional, marketing, and communication programs for all specified products and services produce standard management reporting
- Act as a subject matter expert, point of contact, and lead of special projects pertaining to specified products and services
Qualifications for deposits product manager
- 5 -7 years of experience Banking, Treasury
- Work independently as an individual contributor and/or as part of a team
- Candidates must be a hands-on self-starter with a strong-problem solving orientation
- In depth knowledge of Banking Product management (ideally Deposit products)
- Demonstrated strategic ability with strong customer focus .Must have a proven track record of delivering initiatives into the business or be able to demonstrate previous significant value-add to a large organization
- Experience operating within the PIE environment and an awareness of the compliance requirements
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Deposits Product Manager Job Description
Job Description Example
Our company is growing rapidly and is hiring for a deposits product manager. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for deposits product manager
- To leverage technology to design the best in class customer journey for building a banking relationship with customer
- Strengthen deposits portfolios through organic balance-building campaigns to contributes to business strategies and KPIs
- Work with internal and external stakeholders to de enhance product proposition, streamline processes for operational efficiencies
- Support day-to-day product and services enquiries from internal and external business partners
- End to end deposit lifecycle
- Ensure the Business delivers good processes, competitive product offerings leading to better customer experience / journey
- Work on projects (as business project manager work with other stakeholders to drive digital transformation etc)
- Drive marketing/promotion initiatives
- Continuously improve overall process to ensure good employee/customer journey and experience
- Maintain competitor analysis and market research updates / and unit MIS
Qualifications for deposits product manager
- Standard office environment with extensive use of computers
- Tight deadlines, constantly changing priorities and dealing with conflict situations are elements of this position
- The environment is fast paced, complex, sophisticated and demanding requiring a mix of relationship and business skills, mixed with general technical knowledge
- Frequent ad-hoc requests from managers
- Regular internal, external and cross-functional meetings
- Three years of experience in product development/management, market research or directly related experience
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Deposits Product Manager Job Description
Job Description Example
Our company is growing rapidly and is looking to fill the role of deposits product manager. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for deposits product manager
- Researches and develops new deposit, lending, payments or other financial services products, as assigned, from concept to delivery to the market, including product scope and evaluation
- Researches, recommends, and implements product enhancements, pricing changes, and re-launch or retirement of existing products based on customer needs and profit potential
- Manages documents such as pricing materials, product matrices and customer disclosures
- Manages vendor relationships as required to ensure customer satisfaction, profitability and regulatory compliance
- Manages specific ad-hoc projects and initiatives as identified by the Product Management Group Manager
- Maintains and develops outstanding working relationships with key business partners
- Provides input to Executive Management to analyze and set pricing for assigned Bank products
- Complies with confidentiality regulations including Gramm-Leach-Bliley Act (GLBA) and Non-public Personal Information (NPPI) regulations
- First escalation point for customers
- Support the launch of new products and enhancement of existing products under management by connecting all related parties to close any gaps our current product offering has against our competition
Qualifications for deposits product manager
- 3+ years’ experience in related Product Management
- Understanding of Brokerage/Banking product development, design, and profitability is highly desirable
- Strong communication skills to clearly convey perspectives, strategy and analysis to all levels of stakeholders
- Effective leadership and discipline within a dynamic work environment
- Demonstrated ability to work autonomously and build strong relationships with internal clients and service providers
- Experience with and knowledge of Agile development preferred
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Deposits Product Manager Job Description
Job Description Example
Our company is growing rapidly and is hiring for a deposits 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 deposits product manager
- Support a disciplined Deposit Pricing process that drives cost effective deposit growth to fund the bank’s balance sheet
- Create and maintain a list of all the products and services under management
- Maintain up to date documented competitive and market analysis
- Maintain Product Development Roadmap for Deposits and ATM/debit card products, constantly incorporating enhancements to existing products and the launch of new products, based on competitive analysis and in partnership with Sales and Business heads
- Research and document detailed product requirements to ensure that products meet business needs, performance objectives and deliver an exceptional customer experience
- Provide analytical support by monitoring, analyzing existing product performance and providing actionable insights
- In partnership with Marketing, support the execution of marketing plans for products under management
- Be a source of product information for all stakeholders of the bank including training and communicating product features, benefits and performance through formal presentations and bank-wide written communications
- Address customer complaints and issues in a timely fashion and recommend enhancements to current processes to improve customer experience
- Support other operational and administrative tasks for the units as needed
Qualifications for deposits product manager
- Thorough knowledge of consumer/small business banking products and services in area of responsibility
- Excellent analytical and organizational skills including database analysis, spreadsheet analysis, advertising, and research
- Excellent PC application skills including Word and Excel
- University Degree with at least 3 years working experience in product and/or process management preferred
- Strong sense of customer centricity
- Self-motivated team player and enjoy working in a fast-paced environment