Lending Product Manager Job Description
Lending product manager
provides input to the manager into positioning and pricing of assigned product(s) based on market and competitive testing & analysis.
Lending Product Manager Duties & Responsibilities
To write an effective lending product manager job description, begin by listing detailed duties, responsibilities and expectations. We have included lending product manager job description templates that you can modify and use.
Sample responsibilities for this position include:
Responsible for strategic oversight for pricing across the retail cards portfolio including overall pricing strategy
Assist with managing the end to end negotiated margin interest rate process, including loan pricing, collateral reviews and resolution of complex lending scenarios
Engage proactively with the Pricing team to ensure that products are appropriately priced
Develop the multi-platform consumer experience manifesto for National Small Business
Responsible for key system design and integration decisions
Translate requirements into concepts and elegant user experience design
Drive visual direction and strategy for prototyping and pilot efforts
Create interaction models, user task flows, screen designs, and UI details that promote ease of use and optimize the user experience
Responsible for the overall positioning and branding of the lending card portfolio
Collaborate across the organization to deliver differentiated client solutions that capture and reinforce the client relationship, optimize value for the Bank
Lending Product Manager Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Lending Product Manager
List any licenses or certifications required by the position: AIPMM, SAFE, CBAP
Education for Lending Product Manager
Typically a job would require a certain level of education.
Employers hiring for the lending 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, Finance, Marketing, Engineering, Economics, Management, Education, Business/Administration, Computer Science
Skills for Lending Product Manager
Desired skills for lending product manager include:
Assigned business line and technical marketing skills
Organization’s products and services to own analysis and recommendations
Competitive market
Cost and profitability for the assigned product
Drivers of revenue
Implementation and strategic analysis
Lending with a particular expertise in mortgage and home equity
Operations and various products and services within assigned area
Pricing
Private banking and investments
Desired experience for lending product manager includes:
You actively follow the newest market trends and anticipate changing customer needs through the launch of innovative products and services
Bachelor’s degree required or equivalent work experience (10+ years in financial services)
5-7 years of experience in financial services, risk management, product management and/or related field
Professional risk management, accounting or auditing background OR 10+ years of banking or financial services experience required
Consumer credit/lending experience and background preferred
Significant Indirect Lending business and industry knowledge
Lending Product Manager Examples
1
Lending Product Manager Job Description
Job Description Example
Our innovative and growing company is looking for a lending product manager. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for lending product manager
- Work directly with financial advisors and experienced advisor recruits in the implementation of securities-based lending solutions and policies
- Assist in the development and implementation of marketing and growth strategies in conjunction with Capital Markets Sales Specialists and Marketing
- Work with the securities-based lending team to maintain and enhance current risk oversight capabilities
- Collaborate with Nationwide Bank through the design and build out of product enhancements and capabilities
- Develop an end to end service model to support a growing pledge lending business with Nationwide Bank
- This position also involves supporting cross-organizational project teams which design and implement new products or product enhancements
- Soup-to-nuts ownership of a high-level business objective
- Lead cross-functional teams to solve creative problems
- Scoping, spec'ing, and phasing product requirements
- Advising product design and technical architecture
Qualifications for lending product manager
- Proven project leadership capabilities and ability to coordinate the efforts of people and resources not under their direct control
- The RBWM business continues to operate under a challenging rate environment
- Product management experience across different asset classes
- Experience in securities-based lending technology systems, operations and service delivery
- Deep customer focus and experience with researching and determining customer needs
- Supporting commercialization and launch
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Lending Product Manager Job Description
Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of lending 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 lending product manager
- Manage implementation of various systems, testing and validating system design in comparison to product design, ensuring that communication with regards to system changes are relayed to all affected role players
- Ensure that product is launched at an appropriate time of the year by gauging the market
- Develop and manage marketing strategy before official roll out of product
- Assume responsibility for performance monitoring and proactively manage product profitability by analysing and understanding key performance drivers and trends
- Provide specialist product support and information as a subject matter expert to internal staff, sales channels and external parties
- Ensure compliance of products with the applicable legislation for example, but not limited to the Consumer Protection Act, POPI, FICA
- Ensure continuous alignment of product offerings with the strategic objectives of Consumer Bank and the market
- Ensure appropriate training is provided to relevant stakeholders including, but not limited to branch staff and BSSA staff, on product enhancements
- In-depth technical understanding of both cheque account savings account systems
- Conduct market and competitor research on local and international industry trends by examining and reviewing competitor financial results and reports, products, marketing material and processes
Qualifications for lending product manager
- 5+ years experience leading teams of product managers
- Passionate about Goldman Sach’s mission to build the bank of the future
- Track record of excellence at every stage of your education and career
- STEM undergrad and/or master’s degree
- Already comfortable with financial concepts like IRR and LIBOR
- Seven years related experience in Financial Services product management OR line experience working with Financial Services products
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Lending Product Manager Job Description
Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of lending 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 lending product manager
- Develops and recommends product position, packaging, and pricing strategy to produce the highest possible long term success
- Monitor financial performance of products within Consumer Bank by reviewing financial KVD’s
- Compile Medium term plans (MTP) and Short Term Plans (STP) budgets on an annual basis and track performance against these budgets
- Quarterly compilation of Revised Annual Focused (RAF)
- Understand financial impact of product development and marketing activities in order to align with budgets available
- Develop and implement new products that meet the defined Retail Bank target market, customer segment needs and strategic and operational requirements which have been established via regular customer needs analysis and strategic reviews
- Manage the respective products by aligning to the product lifecycle stage from concept to back booking
- Understand and interpret products based on robust analysis and aligned with the respective portfolio strategy financial models, customer survey findings and overall product strategy resulting in informed recommendations as to the future direction/strategy of the product portfolio across Consumer Bank
- Assume responsibility for performance monitoring and proactive management of the products by understanding the key performance drivers including behavioural trends, financial indicators and growth/performance metrics
- Report to Exco and relevant Product Head on the performance of the specific product portfolio, via the monthly Exco and Product Dashboard report on the individual products' performance and trends in the market
Qualifications for lending product manager
- 10+ years of Digital Product Management or other relevant work experience
- Understand product capabilities and existing business model, to establish both short and long-term product development plan for the Agent Lending business
- Effectively lead opportunity assessments and other internal approval processes (including NBIA) for new products
- Oversee development and execution of new initiatives (including but not limited to addressing specific client or counterparty requirements, enhanced product offering, achieving regulatory compliance, improving process efficiencies), including business case, defining solutions, coordination of business requirements with technology and legal documentation and negotiation
- Promote development to the sales, client teams and other internal partners, including where needed, the creation of client materials
- Strong knowledge and prior experience of the securities lending product
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Lending Product Manager Job Description
Job Description Example
Our company is searching for experienced candidates for the position of lending 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 lending product manager
- You will develop hypotheses, build MVPs, and run internal and external digital product pilots determining product market fit
- You will be a part of overall thought leadership around consumer product development at the intersection of data+design+tech
- Along with the global team and partners, product manage the business development of SLF products and applications
- Support the prioritization and delivery of the most important strategic and tactical projects
- Be able to communicate clearly with different stakeholders, including traders, strategists, business operations, and technology, in terms that are familiar to them, about the design, implementation, and status of projects
- Think through and understand the implications of proposed solutions, always representing the team’s business requirements
- Participate in conversations in new initiatives to expand the business, such as conversations about new markets, new tools, new counterparties, or implementing new regulations
- Be able to work independently to drive towards a solution, while working with your team members to share best practices
- Develops the annual plans to determine objectives, strategies, and tactics to meet goals
- Monitors marketplace and internal sales performance to best determine new product/promotion needs
Qualifications for lending product manager
- Minimum 3 years of experience working in a banking or financial services firm required
- Minimum 7 years of experience in managing medium to large projects and/or large project teams required
- A unique blend of marketing and analytical skills preferred
- Position manages and directs the development and execution of portfolio management and marketing initiatives that result in the acquisition, activation, cross-sell, profitability, retention and/or product development for their respective line of business
- Position interacts with senior managers in conveying business line strategies, in developing sales goals, and in providing summary results of business initiatives
- Position will lead various projects, and direct the actions of project participants who are outside the business unit
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Lending Product Manager Job Description
Job Description Example
Our company is growing rapidly and is looking for a lending 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 lending product manager
- Partnering with the Small Business segment leader, Commercial Lending product management and other internal partners to develop and implement product strategy
- Driving improvements in portfolio performance (penetration, utilization, fees and credit quality) and profitability using management reporting and competitive benchmarking
- Ensuring smooth introduction of new capabilities to enhance customer experience, improve performance and reduce expenses
- Managing platform(s) and contracts for third-party service providers, including management of ongoing expenses and monitoring of SLAs
- Assuring compliance with applicable policies, laws and regulations
- Keeping abreast of innovations in small business lending and recommending opportunities for multi-channel product delivery
- Direct contribution in executing continuous improvement programs across functional boundaries
- Assume responsibility for execution of the approved plans, and on-going "operational management" of those products
- Bringing forward new, innovative ideas that increase revenue
- Managing the relationship between the Product Management team and various partners throughout the bank for all facets of the product relationship with a high focus on client experience/service and partnering for shared success
Qualifications for lending product manager
- There will be close contact with Risk Management, Retail Product Management, CBI Marketing, IT, Legal and Compliance and branch personnel
- Position must be effective in leading projects that cross departmental lines
- Candidate must understand how various products and systems fit in the larger Commerce organization
- External contacts may include loan origination and servicing vendors, various marketing and Direct Mail providers, credit bureau agencies, industry experts
- Position will have contact with customers for elevated customer service issues
- Sound and thorough knowledge of secured lending in the retail banking services industry in Canada, the products offered and pertinent regulations affecting their delivery