Consumer Deposit Product Manager

Provident Bank•Woodbridge, NJ

1d•$99,400 - $142,000•Onsite

About The Position

The Consumer Deposit Product Manager is responsible for managing and growing the bank’s deposit product portfolio, including checking, savings, money market, time deposit products and third-party deposit products. This role drives deposit growth strategies, oversees product development and enhancements, leads promotional campaigns, and maintains accountability for product‑level financial performance. The role partners cross‑functionally with Retail Banking, Commercial Banking, Corporate Treasury, Finance, Risk, Compliance, Marketing, Operations, and Technology to ensure competitive, compliant, and profitable deposit offerings.

Requirements

10+ years of experience in banking, financial services, or product management
Experience managing deposit products and pricing preferred
Demonstrated experience with financial analysis and P&L accountability
Strong understanding of regulatory and compliance requirements in a banking environment
Ability to influence, collaborate and lead data driven decisioning
Strategic thinking with strong analytical capabilities
Proven cross‑functional leadership and stakeholder management
Ability to translate complex requirements into clear, actionable plans
Superior written and verbal communication skills
Detail‑oriented with strong execution discipline

Nice To Haves

Stonier Graduate School of Banking program completion preferred not required

Responsibilities

Develop and execute strategies to grow deposit balances, improve retention, and optimize mix
Ensure the alignment of Deposit Products with Treasury strategies for effective funding, liquidity and interest rates
Analyze market trends, competitor offerings, and customer behavior to inform strategy
Manage the end‑to‑end lifecycle of deposit products, from concept through launch and ongoing optimization – including business case / winning budget approvals
Lead product enhancements, pricing changes, and sunsetting activities as needed
Translate business requirements into clear product specifications in collaboration with Operations and Technology
Leverage market research and trends to inform product strategies
Drive development of initiatives that result in deposit and household growth through innovative marketing campaigns and sales team engagement
Collaborate with Marketing, Retail Banking, Commercial Banking and Digital teams to design and execute acquisition, retention, and promotional campaigns
Define pricing offers, incentives, and segmentation strategies
Monitor campaign results and adjust strategies based on performance metrics
Own product‑level financial performance, including balance growth, revenue, cost of funds, and expenses
Develop forecasts, business cases, and pricing scenarios
Prepare regular performance reporting and present insights to Senior and Executive management and various committees
Ensure all products, pricing, and campaigns comply with regulatory, legal, and internal risk requirements
Partner with Risk and Compliance teams through product governance and approval processes
Support audits, issue management, and regulatory inquiries related to deposit products