Deposit Product Manager

2 days ago


Colorado Springs, Colorado, United States Ent Credit Union Full time
Job Title: Deposit Product ManagerJob Summary

Ent Credit Union is seeking a highly skilled Deposit Product Manager to develop, maintain, and enhance competitive depository products and services for our members. This role involves collaborating with frontline employees and members to gather input on their depository needs, creating short and long-term product plans and roadmaps that align with the credit union's strategic objectives, and ensuring our products remain competitive in the marketplace.

Key Responsibilities
  • Develop and manage deposit product strategies, ensuring alignment with organizational goals.
  • Oversee the product lifecycle from introduction to retirement, recommending enhancements and managing growth and maturity stages.
  • Lead monthly Deposit Committee meetings, creating business cases, product requirement documents, roadmaps, and launch plans.
  • Communicate results in the Deposit Committee and other audiences as requested.
  • Work with Finance to manage and create deposit budget balances.
  • Collaborate with Treasury to create and refine pricing models for deposits, which may be tied to borrowing rates, to support effective pricing strategies.
  • Develop a 3-5 year deposit strategy to ensure long-term alignment with organizational goals and market conditions.
Requirements
  • Bachelor's Degree in Finance, Business Management, Marketing, or a related field, or equivalent combination of education and experience.
  • 5+ years' experience in product development and lifecycle management, including building segment promotional programs and leading teams.
  • 3+ years' experience with forecasting, pricing models, scoring systems, and credit union policies (preferred).
Preferred Qualifications
  • Knowledge of customer orientation to understand and meet member needs.
  • Understanding of credit union deposit products, services, and electronic banking systems.
  • Analytical abilities to evaluate product performance, market trends, and financial metrics.
  • Strategic planning skills, including the ability to develop long-term product roadmaps and align them with organizational goals.
  • Ability to balance risk and reward.
  • Adaptability to changing market conditions and organizational priorities.
  • Financial management, reporting, balance sheet management, net interest margin, and forecasting abilities.
  • Communication, problem-solving, and decision-making skills.
  • Communication skills to articulate complex concepts to various stakeholders.
  • Knowledge of current trends and best practices in deposit product management and financial services.
  • Ability to collaborate with departments such as Marketing, Finance, IT, and Legal.
  • Understanding of regulatory and compliance requirements.
  • Project management and leadership skills, with the ability to build teamwork and complete projects on time and within budget.
  • Knowledge of and the ability to implement financial modeling techniques, including forecasting, pricing strategies, and performance metrics.
  • Knowledge of regulatory and compliance requirements specific to financial institutions, including the Bank Secrecy Act (BSA) and anti-money laundering (AML) regulations.
  • Ability to inspire and lead teams.
  • Problem-solving abilities to identify issues and implement strategies.
  • Negotiation skills to manage vendor relationships and secure terms.
Benefits

Ent Credit Union offers a competitive salary range of $90,126 to $118,285 per year, as well as a comprehensive benefits package, including medical, dental, and vision insurance, 401(k) matching, and paid time off.



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