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Vice President – Business Product Manager
Deutsche Bank
New York, NY, United States
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Corporate & Investment Banking: Global Transaction Banking
In today’s fast-moving, ever-changing business landscape, companies need more than just outstanding business models to perform - they need strong insight to achieve their business objectives.
Global Transaction Banking (GTB) division is not just a market leader in cash management, trade finance and securities services, we are also at the forefront in the provision of strategic thinking and the creation of global solutions.
Our universal expertise and worldwide experience presence in over 190 countries allows us to offer truly integrated and effective solutions. From domestic and cross-border payments, international trade finance, acting as trustees, agents and custodians for our clients, we aim to help you optimize every opportunity, minimize risk and achieve your commercial objectives.
Position Overview
Deutsche Bank’s Global Transaction Banking (GTB) today is a world-class provider of Cash Management (CMC), Trade Finance and Institutional Cash & Investor Services for Corporate Clients and Financial Institutions. The whole spectrum of innovative and market-leading Transaction Banking products are promoted by a skilled product sales force and serviced by a dedicated team of client service professionals. CMC provides clients globally with sophisticated payment, liquidity and working capital management solutions. CMC is recognized as a leader in Corporate Cash Management and is playing a major part in innovation and driving the evolution of the industry.
Strategy and Governance
The Business Product Manager will have oversight and overall responsibility for the end to end view of GTB’s US ACH platform. The individual will develop and support delivery of product strategy with an emphasis on the corporate client segment. The individual will link into the global GTB Product Management organization. In this function the Business Product Manager will also support the front office teams on all aspects of the US ACH platform. The individual will maintain strong links into relevant functions such as Operations, Technology, Finance, Legal, Compliance and Risk. The position will include managing the daily business management functions that include metrics, budget, go to market activities, volume and revenue growth.
Key Responsibilities:
• Act as the product owner, providing end to end oversight of product in partnership with internal stakeholders and clients.
• Build understanding of potential product and market needs through focused stakeholder discussions and secure funding for new initiatives or product enhancements.
• Establish and maintain product governance model.
• Define scope of the product and ensure it meets business needs through partnership between product management, business lines, development teams and operations
• Conduct periodic comprehensive product reviews.
• Ensure all necessary validation steps are complete prior to product launches.
• Oversee product launch and marketing activities.
Risk and Control
By focusing on safety and soundness, the Business Product Manager will ensure that non-financial product risks are proactively addressed and remediated for GTB’s US ACH platform. The individual is responsible for supporting all local/regional audits impacting the platform and will manage industry and regulatory developments that impact the platform. The individual will partner with various GTB and Corporate business management support functions including Group Audit, DCO ‘Division Control Office’, BCU ‘Business Control Unit’ and AFC ‘Anti-Financial Crime.
Key Responsibilities:
• Develop and maintain the platforms KYP ‘Know Your Product’ which includes end to end flows, KOPP ‘Key Operating Product Procedures’ and coordinating NPA ‘New Product Approval’ process.
• Assess and manage product risks.
• Actively manage local audit/compliance issues and complaints.
Professional and personal requirements:
• A minimum of 5 years of experience in the ACH payment industry
• Sound understanding of clearing systems, regulatory framework and risk management disciplines related to US ACH processing.
• Good knowledge and understanding of Cash Management products and industry.
• Extensive product management experience including strategic planning, product development and positioning experience.
• Experience with product processes, control framework design and management of non-financial risks.
• Self-motivated with excellent interpersonal, presentation and communication skills.
• Able to think strategically with strong analytical and problem-solving skills.
• Able to handle multiple demands and priorities simultaneously, work under pressure, in an organized manner and with teams across multiple locations and time-zones.
• Able to connect, manage and influence people from different backgrounds and cultures.
• A strong team player being part of a global team, communicating, managing and cooperating closely on a global level while being able to take ownership and deliver independently.
• Bachelor’s degree (Economics, Business Administration, Finance preferred); Master’s degree a plus.
• Fluent in English.
• Proficient in the use of MS Office product suite.
For candidates applying for positions in the US:
Deutsche Bank is an Equal Opportunity Employer - Veterans/Disabled and other protected categories. Click these links to view the “EEO is the Law” poster and pay transparency statement.