Deposit Portfolio Manager
7 days ago
IDB Bank, a leading commercial bank in the New York area, is seeking an experienced Deposit Portfolio Manager to join its Institutional Banking team.
Company OverviewIsrael Discount Bank of New York (IDB Bank) is a full-service commercial bank chartered by the State of New York and a member of the Federal Deposit Insurance Corporation (FDIC). With a strong liquidity and capital base, IDB Bank provides equal employment opportunities to all employees and applicants without regard to various protected categories.
Salary and BenefitsThe estimated annual salary for this position is between $100,000 and $150,000. In addition to base salary, our total rewards package includes eligibility for an annual bonus, medical, pharmacy, dental, and vision plans, life and disability insurance, employee wellness program, retirement and savings plans with employer contributions, generous holiday and paid time off schedules, parental leave, and tuition reimbursement.
Job DescriptionThis role is responsible for supporting the strategy to grow Institutional Banking business within a framework that ensures long-term deposit growth. Key responsibilities include:
- Deposit Gathering and Portfolio Management: Assist in deposit gathering efforts and portfolio management of existing clients.
- Customer Service and Sales: Provide exceptional financial support and recommendations to customers while ensuring high levels of service delivery.
- Competitive Analysis: Remain informed about current market conditions, conduct competitive analysis to maintain the competitiveness of our deposit services, and identify new avenues for business.
- Portfolio Cost Oversight: Oversee portfolio costs, establish necessary control measures to manage target balances and rates, and ensure adherence to internal procedures, compliance standards, and regulations.
Other responsibilities may include ad hoc SME deposit product engagements and performing timely Ongoing annual reviews by effectively understanding KYC/AML onboarding requirements and following compliance policies of desired risk profile of Institutional customers.
Qualifications and SkillsTo be successful in this role, you will need:
- Bachelor's degree in Business, Finance, Marketing or a related field.
- Strong deposit product knowledge, customer compliance understanding, organizational skills, and solid understanding of working in a Treasury Management area or Wholesale Banking segment.
- 5+ years of experience in working with deposit products, ideally overseeing an institutional or commercial banking portfolio.
- Proficient in Jack Henry / Silverlake system environment and with computers and the use of various programs and software applications, including Microsoft Suite (Outlook, Word, Excel, etc.).
- Demonstrated strength in understanding funds transfer pricing and forecasting.
IDB Bank values diversity and inclusion and is committed to providing equal employment opportunities to all employees and applicants without regard to various protected categories.
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