Product Manager (Wire Transfer and Cross-border FX)

TD•Mount Laurel, NJ

3d•$91,000 - $145,600•Onsite

About The Position

We are seeking a highly motivated Product Manager to lead the day-to-day management and evolution of our domestic and cross-border wire payment products. This role is responsible for delivering product enhancements, supporting strategic initiatives, managing risk, and driving business results while ensuring a consistent and differentiated client experience. The ideal candidate is a strong communicator with exceptional analytical and problem-solving skills, capable of translating data into actionable insights and building effective relationships across a broad stakeholder group, including Sales, Support, Operations, Technology, Legal, Compliance, Fraud, and Sanctions partners. Experience in payments, treasury services, digital banking, or related financial services products is strongly preferred. The Product Manager oversees the end to end management of assigned products, services and programs including features, benefits and characteristics that meet customer needs and are priced to meet the Bank's profit and loss objectives. The Product Manager manages a particular product or function supporting in the achievement of a business strategy. This role acts as a source for innovation led through customer insights and creating a better customer experience with a particular product. The role is accountable for business results and product sales, working with Acquisition teams to ensure widget and volume targets are met.

Requirements

Undergraduate degree or product management certificate and/or 7+ years relevant experience
Previous Product experience typically required
Advanced knowledge of and ability to conduct product research, product analysis and development, forecasting, pricing, competitive intelligence
Knowledge of current and emerging competitor and market trends
Ability to lead, plan, implement and evaluate program/project activities to ensure completion of product initiatives
Ability to forecast and contribute to strategic direction of the product management function and provide advice to senior leadership
Ability to communicate effectively in both oral and written form
Ability to work collaboratively and build relationships across teams and functions
Ability to work successfully as a member of a team and independently
Ability to exercise sound judgement in making decisions
Ability to analyze, organize and prioritize work while meeting multiple deadlines
Skill in preparing and managing budgets and P&L
Knowledge of and/or skill in using analytical software tools, data analysis methods and reporting techniques
Skill in using computer applications including MS Office
Ability to handle confidential information with discretion

Nice To Haves

Experience in payments, wire transfers, treasury services, cash management, or related financial services products.
Familiarity with domestic and cross-border payment processes and digital client-facing channels.
Experience working with Compliance, AML, Sanctions, Fraud, Legal, and Operational Risk partners.
Strong analytical, reporting, and data management skills, including development of revenue, billing, business performance, and operational metrics.
Exceptional written and verbal communication skills.
Demonstrated success leading initiatives and collaborating across business, operations, technology, and control functions.

Responsibilities

Oversees the end to end management of assigned products, services and programs including features, benefits and characteristics that meet customer needs and are priced to meet the Bank's profit and loss objectives.
Manages a particular product or function supporting in the achievement of a business strategy.
Acts as a source for innovation led through customer insights and creating a better customer experience with a particular product.
Accountable for business results and product sales, working with Acquisition teams to ensure widget and volume targets are met.
Develops and maintains a robust understanding of the regulatory requirements, customer, market, and industry to deliver product and process innovation to improve the value proposition.
Develops and implements products/policies and procedures in such a way that it enhances the end to end customer experience (including training, enhancement and irritant reduction) while achieving business objectives.
Oversees and ensures the clear and effective delivery of products and services to the customer.
Acts as a Subject Matter Expert for product-related inquiries.
May lead business plans leveraging Acquisition and Segments teams to increase new account growth and track P&L impact.
Liaises with partners (i.e. Marketing, Phone Channel, Retail) to understand industry and customer trends; Analyzes challenges and identifies areas of opportunity through customer research, focus groups, and external secondary research; Facilitates ideation sessions and builds necessary business cases for NPD, identifying solutions and building stronger plans for growth.
Builds and maintains effective relationships with sales distribution, key internal stakeholders and/or external partners to ensure that customer needs are considered in strategic decisions and in the development of options, solutions and alternatives.
Leads and facilitates problem solving sessions with partners and vendors.
Designs end to end process for development, implementation, use, reporting and feedback on developed products and segments.
Directs and coordinates market research to determine underlying customer needs – input to development process.
Participates in the day to day management of the product(s), identifying and implementing product features and enhancements, providing business case support of recommendations and assisting in the strategic development of new initiatives.
Adheres to enterprise frameworks or methodologies that relate to activities for own business area.
Delivers financial results for the product/product suite via operation of all available levers: pricing, margin, volume etc., creates and delivers business cases to achieve strategic business results (acquisition, retention, customer experience, engagement and market share).
Supports Senior Management as a subject matter expert for the product(s) portfolio through all forms of written and verbal presentations, (product reviews, planning and forecasting, strategic review sessions).
Conducts ongoing industry and competitive analysis to obtain market insights and ensure Acquisition Teams are kept informed of matters to be competitive and win in the marketplace.
Keeps current on emerging trends/developments and grows knowledge of the business, related tools and techniques.
Refines product management strategies through detailed analysis of the P&L, ongoing competitive research and review of marketing/risk management tactics.
Ensures effective product policies and processes are established to support business processes align with risk appetite.
Oversees product management deliverables within budget and as per the approved product plan, working with business partners to develop the content of those deliverables.
Champions the development of the annual business plan and the monthly/quarterly forecast process.
Contributes to and supports partner led projects as identified.
Participates and collaborates on initiatives with internal and external service providers (IT, operations, legal, compliance, marketing etc.) to ensure the product meets TDBG objectives and standards.
Identifies and manages risks (market, credit, operational) associated with the product/segment.
Develops/maintains productive working relationships with distribution channel owners.
Is knowledgeable of and complies with Bank and Industry Codes of Conduct.
Maintains a culture of risk management and control, supported by effective processes in alignment with risk appetite.