Deposit Product Manager

$100,000 - $142,000/Yr

Northwest Bank - Pittsburgh, PA

posted 29 days ago

Full-time - Mid Level
Pittsburgh, PA
Credit Intermediation and Related Activities

About the position

The Deposit Product Manager at Northwest Bank is responsible for driving the growth and management of retail digital banking and deposit products. This role involves collaborating with various departments to enhance customer experiences, develop competitive product offerings, and ensure compliance with regulations. The manager will oversee the product lifecycle, analyze market trends, and execute marketing initiatives to promote deposit products effectively.

Responsibilities

  • Support the end-to-end lifecycle of Consumer/Small Business Deposit products, including ideation, conceptualization, design, development, pricing, fees, and ongoing enhancement.
  • Ensure product offerings are competitive, compliant, and aligned with customer needs.
  • Monitor and report on portfolio trends including P&L, Balances, Fee income, productions, attrition, and provide corrective action recommendations.
  • Produce annual and strategic plans for Deposit Portfolio.
  • Stay abreast of market trends, competitor offerings, and evolving client requirements to identify opportunities for new product introductions or enhancements.
  • Partner with marketing teams on customer research related to deposit portfolio.
  • Collaborate with Support Services to ensure processes, procedures, policies, and systems are functioning as designed.
  • Work closely with marketing to develop and implement marketing initiatives to drive awareness, adoption, and engagement of products and solutions.
  • Partner with technology and information systems to implement requisite system changes and test and validate changes.
  • Ensure compliance with regulations governing U.S. retail deposit accounts and manage risks appropriately.

Requirements

  • Bachelor's Degree in Business, Finance, Marketing, or related field preferred.
  • 6 - 8 years of product management and development or similar experience preferred.
  • Ability to establish effective working relationships among team members and participate in problem-solving and decision-making.
  • Excellent communication skills, both oral and written, to present ideas clearly and concisely.
  • Strong analytical skills to make informed decisions and practice good judgment.

Nice-to-haves

  • Experience in financial services or banking industry.
  • Knowledge of digital banking services and trends.
  • Familiarity with compliance regulations related to retail deposit accounts.

Benefits

  • Competitive salary range of $100,000-142,000 annually.
  • Bonus earning opportunities.
  • Comprehensive benefits package.
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