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Product Manager
Union Bank
Los Angeles, CA, United States
Job Details - this job has expired, please see similar jobs below
The Overdraft Programs Product Manager is responsible for all aspects of the overdraft payment programs offered by the bank to consumers and small businesses, including automatic overdraft coverage as well as overdraft protection plans.
Major Responsibilities:
15% Initiates, leads and collaborates with operations, technology services, finance, and compliance, legal, marketing and sales management to ensure that product performance meets corporate objectives and adheres to regulatory guidance.
15% With lead responsibilities responsible for the formation of the product strategy including competitive market research; analysis of competitive and market forces; assessment of the regulatory environment, and socialization of the strategy across the bank. The product strategy must ensure regulatory compliance, while aligning with the overall strategies of Retail Banking and balancing relationship acquisition, customer experience, risk mitigation and profitability. Oversee all aspects of the feature and functionality of Overdraft programs. Works closely with Retail Banking executive management, Branch Banking, Marketing, Deposit Operations, Compliance and Legal and other product areas in the execution of the product strategy.
35% Responsible for the execution of the product strategy. Develops and executes strategic product and program marketing plan in support of business strategy, and deliver towards key metrics. Manages and leverage a cross-functional team in an ongoing process of critical assessment and continual improvement of product features and functionality, policies and procedures, risk management programs, customer communications (disclosures, correspondence, marketing materials, etc.), as well as internal training related to these programs managing the IT systems development of new and enhancement of existing products. Expected to work closely with Retail Deposit Portfolio Management in planning, forecasting, measuring and tracking financial performance. Plays a key role in managing the IT systems development of new and enhancement of existing products.
15% Maintains and develops the existing products. Responsible for both long and short term product planning, and, in conjunction with Retail Deposit Portfolio Management, financial modeling, product and services pricing, and project based revenue/cost forecasting.
10% Understands industry players, regulatory broader competitive environment, and new and existing products and service solutions offered to the industry. Oversees development of, maintenance of, and updates of competitive analysis data as it relates to product, pricing and sales strategies. 10% Consults, and communicates strategic and tactical direction to operations management on new products, revised products, and related procedural requirements as well as regulations and industry changes and standards.
Qualifications
• Minimum 5+ years of direct experience in consumer deposits product management in a financial services organization.
• Requires work experience in developing and driving multiple product initiatives from start to finish, from business model to post-rollout measurement.
• Strong analytics, strategic thinking and customer empathy are required.
• Effective team work and team building skills.
• A comprehensive understanding of product and project management practices.
• Proven ability to interact and influence executive management.
• Superior presentation abilities.BA is required; MBA is a plus.
The above statements are intended to describe the general nature and level of the 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 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.
A conviction is not an absolute bar to employment. Factors such as the age of the offense, evidence of rehabilitation, seriousness of violation, and job relatedness are considered in all employment decisions. Additionally, it’s the bank’s policy to only inquire into a candidate’s criminal history after an offer has been made. Federal law prohibits banks from employing individuals who have been convicted of, or received a pretrial diversion for, certain offenses.