SVP - Product Development & Management
About The Position
The Senior Vice President of Product Development & Management is the enterprise leader responsible for defining, building, and optimizing the institution’s product portfolio across deposits, lending, payments, digital banking, and emerging financial services. This leader owns the full product lifecycle—from strategy and ideation through launch, growth, measurement and retirement—and ensures products meet member needs, regulatory expectations, and financial performance goals.This role sets the vision for product strategy, leads cross‑functional execution, and establishes clear “lanes” between Product, IT, Operations, Risk, Marketing, and other partners. The SVP ensures that product teams operate with discipline, member‑centricity, and accountability, consistent with best‑in‑class practices at major U.S. financial institutions.
Requirements
- 15+ years of product management experience in banking or financial services
- Proven leadership of multi‑state or multi‑segment product portfolios
- Deep understanding of retail and commercial banking products
- Strong knowledge of regulatory requirements and risk frameworks
- Demonstrated success leading cross‑functional teams
Responsibilities
- Define the enterprise product strategy aligned to corporate goals, market trends, and customer needs.
- Own the product roadmap across all business lines, ensuring prioritization based on value, risk, and feasibility.
- Lead competitive analysis, market research, and customer insights to identify new product opportunities.
- Establish product performance targets (P&L, adoption, retention, NPS, operational efficiency).
- Drive modernization of legacy products and sunsetting of underperforming offerings.
- Ensure product strategy aligns with regulatory expectations (FDIC, OCC, CFPB, state regulators).
- Lead end‑to‑end product development using structured methodologies
- Translate member and business needs into clear product requirements and user stories.
- Oversee product design, pricing, feature definition, and go‑to‑market planning in partnership with key stakeholders (i.e., Finance, Marketing, IT, Operations)
- Ensure products are delivered on time, within scope, and compliant with all regulatory requirements.
- Monitor product performance and continuously optimize features, pricing, and member experience.
- Maintain ownership of product documentation, business cases, and lifecycle governance.
- Chair or co‑chair product governance committees, ensuring alignment across IT, Operations, Risk, Compliance, Finance, and Marketing.
- Establish clear decision rights and accountability frameworks for product initiatives.
- Serve as the executive sponsor for major product programs and regulatory remediation efforts.
- Partner with Finance to forecast product revenue, cost, and profitability.
- Partner with Marketing to develop positioning, messaging, and customer education.
- Champion customer‑centric design and ensure products deliver differentiated value.
- Lead innovation initiatives, including digital transformation, embedded finance, and new delivery channels.
- Evaluate fintech partnerships, vendor solutions, and emerging technologies.
- Drive simplification of product offerings to reduce customer friction and operational complexity.
- Build and lead a high‑performing product organization, including product managers, analysts, and UX partners.
- Establish career paths, training programs, and performance standards for product roles.
- Foster a culture of accountability, collaboration, and continuous improvement.
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What This Job Offers
Job Type
Full-time
Career Level
Executive
Education Level
No Education Listed
