Sr. Manager Deposit Products

Alliant Credit Union•Chicago, IL

5d•$133,700 - $229,200•Hybrid

About The Position

Manage deposit and transactions by developing and maintaining a comprehensive roadmap to build competitive, profitable deposit products that support the member experience. Develop a comprehensive go-to-market strategy for deposit products including product acquisition, retention, engagement, and multi-product. Responsible for competitive intelligence, member experience improvement, and product reporting.

Requirements

Minimum - 4 Year Bachelors Degree in Marketing or Related
Minimum - 7 Years Marketing, product management or related
Minimum - 3 Years People Management
10 Years Marketing, product management, deposit product management including people management (in lieu of education)

Nice To Haves

Preferred - Graduate Degree in Marketing or Related
Preferred - 3 Years Deposit product management

Responsibilities

Own consumer deposit product suite as governed by regulations, terms, conditions, and financial value
Develop robust product roadmaps designed to provide financial value to members and attract new members
Seek and develop opportunities to improve member experience and reduce friction
Assess marketplace competition around product offerings, pricing, and experience. Create product pricing strategies based on competitive analysis, costs, and balance sheet and present to leadership for alignment
Identify opportunities for product revisions and for new products based on market input and competitive assessments. Develop product specifications and identify required resources for development
Partner with other areas such as plastic card operations to ensure operational excellence and expected member debit & payment experience
Partner with other teams such as marketing to develop and execute deposit and member growth marketing campaigns. Ensure disclosures and marketing materials are compliant with relevant regulations
Provide ongoing monthly and annual reporting and analysis for the portfolio
Prioritize a backlog of deposit product enhancements against member feedback and market conditions
Maximize financial performance of the deposits and new member growth
Develop annual business plan direction for deposits and assigned
Maintain a current knowledge of changing legislation and regulatory climate and recommend changes to products and services
Plan, oversee and lead the work of the team to meet functional and individual operational objectives and goals. Coach, mentor, and develop staff, including overseeing new employee onboarding and providing career development planning and opportunities. Responsible for hire, fire, performance, discipline and problem-resolution decisions
Adhere to and ensure compliance of all business transactions with policy and process of the Bank Secrecy Act. Ensures compliance with all applicable state and federal laws, company procedures and policies. Maintains integrity and ethics in all actions and conversations with or regarding credit union members and their accounts; complies with Privacy Act directives.