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Analyst
Bank of the West
San Ramon, CA, United States
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Description
What sets Bank of the West apart from other banks is our team members-they embody the optimistic spirit of the West. There is a spirit here that drives us to do more. Our team of more than 10,000 employees is vital to the success of our Bank. They reflect our modern western values-straightforward, entrepreneurial and optimistic. We seek to create a corporate culture that fosters and rewards excellence, encourages creative thinking and respects diversity - an environment where team members are engaged, supportive of one another and enthusiastic about serving our customers. Bank of the West offers the stability of a company that has a 135 year history and is part of BNP Paribas, a European leader in global banking and financial services and one of the 6 strongest banks in the world. We offer opportunities across our diverse business lines - Retail Banking, Commercial Banking, and Wealth Management.
Position Summary
Lead and manage the CD pricing strategy to optimize volume at the lowest possible cost. Monitors competitor rates, and progress against balance/NIM goals to set appropriate CD rates across the footprint. Compile, develop and distribute competitive and consumer analysis; product definition and design; business requirements and systems execution; pricing and profitability. Support deposit pricing governance/Audit routines.
Position Accountabilities
1. Assists manager in the development of business strategies, and directs execution against those strategies. Partners broadly across the organization - systems, finance, legal, compliance, training, marketing and all channels - to deliver against defined business objectives successfully.
2. Evaluates ideas for new products, investigates business segment opportunities and effect on market of present products; recommends exploitation of economically attractive opportunities. Makes strong and well-reasoned recommendations, and advances controversial or unpopular positions if they are in the best interests of the business.
3. Understands and represents the interests of the customer, translating customer needs into actionable business opportunities.
4. Evaluates current economic conditions and regulatory environment, and advises management of possible impact on entire product and service lines of the overall business segment.
5. Gathers market intelligence so that business segment opportunities may be capitalized on as they occur and the effects of competitive activity are minimized.
6. Assists the development and recommendations of pricing strategies that will result in meeting specific business segment and or product objectives.
7. Ensures all new and existing products and communication related to products are in compliance with bank policy and regulatory requirements.
8. Support deposit pricing governance routines and charter
9. Lead and manage Retail and SME pricing strategy to optimize volume at the lowest possible cost
10. Build and execute price elasticity testing and leverage sales volume scenarios to inform rate/volume trade-offs
11. Manages CD term pricing schedule and makes recommendations to optimize the portfolio
Qualifications
Required Education or Equivalent Experience
• Bachelor's Degree
• Masters Preferred
Required Experience
• 5+ years in a product development/management, analytics, or finance
• 3+ years in a bank environment
Field of Experience
• Thorough knowledge of business segment's product lines assigned including operational aspects. Complete understanding of product planning, financial analysis, and market research. Thorough knowledge of the sales and marketing aspects of multiple product lines.
Administrative/Technical Skills
• Analytical and research
• Bank product and service knowledge
• Compose letters/memorandums
• Coordinate events
• Coordinate meetings
• Advanced Excel and Powerpoint
• SQL Preferred
• Negotiation skills
• Presentation skills
• Use personal computer
• Ability to handle multiple tasks and projects.
Equal Employment Opportunity Policy
Bank of the West is an Equal Opportunity employer and proud to provide equal employment opportunity to all job seekers without regard to any status protected by applicable law. Bank of the West is also an Affirmative Action employer - Minority / Female / Disabled / Veteran.
Bank of the West will consider for employment qualified applicants with criminal histories pursuant to the San Francisco Fair Chance Ordinance subject to the requirements of all state and federal laws and regulations.