Managing Director of Digital Bank

EagleBank • Bethesda, MD

3d • $114,071 - $241,844 • Onsite

About The Position

EagleBank is seeking a Managing Director to develop and grow its digital bank as a distinct line of business. The role has full accountability for the digital bank’s strategy, operations, products, and financial performance. Building on approximately $900 million in digitally sourced deposits, the Managing Director will use EagleBank’s regional brand, market knowledge, and relationship-focused reputation to deliver a differentiated digital-first experience. The position will set the business roadmap, scale the digital deposit franchise, and align shared partners across Marketing, IT, and other functions to acquire, onboard, and serve customers entirely through digital channels under the EagleBank brand.

The role owns the digital bank’s P&L and business strategy, leads product and technology roadmaps, partners with Marketing on customer acquisition and growth, and builds the operating team as the business scales. It also establishes line-of-business discipline through board-level planning and regular performance reporting, including a clear assessment of the capital, liquidity, and operational resources needed for growth.

This position requires 100% on-site work in Bethesda, Maryland. The projected annual salary range is $114,071 to $241,844, with additional compensation potentially available based on experience and skills.

Requirements

• Bachelor’s degree in Business Administration, Finance, Economics, Marketing, Information Systems, or a related field.
• At least 10 years of experience in banking, fintech, or financial services, with meaningful leadership experience building, scaling, or managing a digital bank, direct bank, online deposit platform, fintech deposit partnership, or direct-to-consumer deposit business.
• Demonstrated success growing consumer or small business deposits through digital channels, with accountability for growth, acquisition, retention, and business performance.
• Prior P&L or comparable business ownership, including responsibility for growth, pricing, expenses, and funding strategy.
• Experience in a regulated banking environment, including knowledge of BSA/AML, consumer compliance, fraud, and operational risk.
• Executive presence and communication skills, including the ability to present strategy, performance, risks, and resource needs to senior management, the board, and regulators.
• Strong understanding of deposit pricing, customer segmentation, rate sensitivity, balance behavior, liquidity value, and the economics of regional-bank funding.
• Ability to evaluate build-versus-buy decisions, manage third-party vendors, and partner effectively with IT, operations, legal, risk, compliance, marketing, treasury, and finance.
• Strong marketing and growth orientation, including familiarity with digital acquisition strategy, customer acquisition cost, conversion funnels, lifetime value, retention, and channel performance measurement.

Nice To Haves

• Master’s degree in Arts/Sciences (MA/MS).
• Regional or community banking experience, including building or scaling a digital deposit business.

Responsibilities

• Lead the development and growth of EagleBank’s digital bank as a distinct line of business, with accountability for its strategy, operations, products, and financial performance.
• Own full P&L accountability, including deposit growth, cost of funds, acquisition cost per account, average balance per account, retention, and contribution to the bank’s funding mix.
• Define and execute the business strategy, including customer segmentation, product set, pricing, and the digital bank’s role alongside EagleBank’s branch and commercial deposit franchise.
• Lead product strategy and prioritization, deciding what affluent digital customers in the region need, what EagleBank should build or buy, and how to sequence the roadmap.
• Partner with Marketing to develop and execute customer acquisition campaigns, optimize positioning and channel mix, and monitor funnel performance, customer lifetime value, and acquisition economics.
• Set the business’s technology roadmap in partnership with IT, covering onboarding, account opening, fraud and identity capabilities, core integration, and digital platform decisions.
• Build and lead the operating team, starting with a small group and matrixed partners and developing a permanent structure as the business scales.
• Establish line-of-business discipline, including a board-level plan, monthly and quarterly reporting, and a defensible view of the capital, liquidity, and operational resources required for growth.

Benefits

• Maternity and parental leaves.
• Wellness discounts.
• Healthcare premium sharing.
• Employer funding in an HSA account.
• 100% 401(k) matching up to 4%.
• Employee resource groups, mentorship programs, community service, and scholarship opportunities for continued education.

What This Job Offers

• Job Type: Full-time
• Career Level: Executive