Cash Product Line Manager

Fifth Third Bank • Cincinnati, OH

21h • Onsite

About The Position

A Product Line Manager manages a team of Product Development Managers. Develops long-term product plans, focusing on customers, competition, profitability, product life cycle, and service considerations. Coordinates and leads the activities of cross-functional teams involving various business partners in the development and deployment of new products, product enhancements, and process or procedural improvements. Develops financial operating plans, projects profit and loss, and is charged with achieving annual sales objectives for assigned products or areas. Sets strategic direction for the products and acts as a champion and advocate internally on value proposition and impact to business. Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues, and ensures that actions and behaviors drive a positive customer experience. While operating within the Banks risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.

Requirements

• Bachelor's degree in marketing, finance or business
• 10+ years experience in financial services product management and cash processing.
• Tenure with a large multi-regional bank or financial institution.
• Experience in managing a team of professionals preferred.
• Recognized ability to interact with executive and senior management at headquarters and in the field (our Affiliate Bank structure) with a professional demeanor and presence .
• Excellent presentation and communication skills.
• Ability to articulate and sell ideas influence in throughout a large organization ion.
• Working knowledge of the related areas of finance, information technology, risk management, legal, compliance, education, Internet banking, call center sales and marketing.
• Willingness to be hands on and act as individual project manager whenever necessary.
• Able to negotiate terms of agreements and establish new product offerings

Nice To Haves

• MBA preferred.

Responsibilities

• Manage Product Development Team to ensure the creation of new products and enhancement of current products is executed successfully and in alignment with Bancorp and LOB strategic objectives .
• Manage the overall product suite P& L of the Product suite to ensure that revenue and margin targets are being met and expenses are within budget.
• Establish annual goals and objectives for each product.
• Oversee the design and implementation of new products and services.
• Ensure employee goals are established and tracked annually.
• Actively cultivate and manage relationships with key customers and internal business partners.
• Actively monitor industry trends; participates in industry forums, professional associations, conferences, etc.
• Must have an extensive knowledge of Cash Processing Ecosystem
• Actively manage Suppliers for contract negotiations and service level execution

Benefits

• Comprehensive benefits
• Differentiated compensation offerings
• Eligible to participate in an incentive compensation plan
• Extensive benefits programs designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional and social well-being.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager
• Number of Employees: 5,001-10,000 employees