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Credit Card Product Specialist, Vice President
Union Bank
San Diego, CA, United States
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Description
Join a bank that’s as committed to your future as you are. At Union Bank, a part of Mitsubishi UFJ Financial Group (MUFG), we share a vision for our future, we share our successes, and we strive to bring out the best in each other in everything we do. Our diverse colleagues are connected by a common ambition to create change for the better – from forging more dynamic career paths, to driving progress in our communities, to continuously reshaping the standards of financial services. Positive impact starts here; see the change you can make as we strive to become the world’s most trusted financial group.
Job Summary: Supports product development and revenue management for retail credit card products (small business or consumer). Support retail bank growth strategy to acquire households and deepen relationships to build balances and optimize product profitability.
Major Responsibilities: 15% Develop product strategy for retail credit card products (small business or consumer). Leverage existing capabilities and identify product gaps based on competitive assessment and opportunities. Responsible for ensuring the product strategy is aligned with the Retail Bank strategies. Works closely with finance, marketing, operations servicing, compliance and risk areas of the Bank. 60% Responsible for managing the existing product line and the development and launch of new products, features and functionality. Manages the revenue stream for assigned products used by retail customers. Manages the product profitability and develops tactics to improve profitability and performance through product design and pricing discipline. Measures and tracks the financial performance volumes against established goals.. Responsible for competitive market research, analysis of competitive and market forces and ongoing assessment of internal strengths and weaknesses. Develop pricing recommendations. Ensure the product development and enhancements comply with the bank's Product Development Policy (PDP) Responsibilities and Requirements. Determine training gaps and lead efforts with Training to address needs. Has a key role in managing the IT systems development of new and enhancement of existing products. Has key responsibility in managing the project from conception to implementation. 15% Responsible for working with the Marketing team to develop marketing plans for retail credit card products (consumer or small business) to drive acquisition or retain existing households. 10% Management of product disclosures to ensure they are accurate and in compliance with all regulations relating to the products supported.
Qualifications
Additional Information: Requires a minimum 5+ years of direct work experience as a product manager in a financial services organization preferably with a focus on credit card products. Knowledge of First Data processing platform a plus. Must have direct work experience in developing and driving product initiatives from start to finish, from recommendation to post-rollout measurement. Strong analytics, strategic and critical thinking and customer empathy are required. Effective team work, interpersonal and organizational skills. A comprehensive understanding of product and project management practices. Proven ability to interact and influence executive management. Requires excellent verbal and written communication and presentation skills. Requires computer skills (MS Word, Excel, Outlook and Powerpoint).BA is strongly preferred. MBA is a plus.
We are proud to be an Equal Opportunity/Affirmative Action Employer and committed to leveraging the diverse backgrounds, perspectives and experience of our workforce to create opportunities for our colleagues and our business. We do not discriminate in employment decisions on the basis of any protected category.; The above statements are intended to describe the general nature and level of work being performed.; They are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required of personnel so classified.
The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required of personnel so classified.
We are committed to leveraging the diverse backgrounds, perspectives and experiences of our workforce to create opportunities for our people and our business. Equal Opportunity Employer Minority/Female/Disability/Veterans