VP Product Management

Bridgewater Bank•St Louis Park, MN

8h•$150,000 - $190,000

About The Position

We are seeking a VP of Product Management to join our Operations team at Bridgewater Bank in St. Louis Park. Reporting to the SVP of Enterprise Operations, in this role, you will be responsible for the strategic direction of the Bank’s product offerings and accountable for the Bank’s portfolio of client-facing products. This role leads the Product Management function and is responsible for the formulation of the department’s vision, ensuring alignment within the team and with the Bank’s strategic objectives. As a leader you will have strong knowledge in Deposit and Treasury Management products and services, maintain awareness of market trends, product industry, and competitive strategies from which recommendations on product investment, enhancements, pricing, and positioning can be generated. Picture yourself at one of the Twin Cities’ best places to work, surrounded by people who challenge you, support you, and inspire you to be your best. Welcome to Bridgewater Bank. We are on a mission to be the finest entrepreneurial bank in the Twin Cities. Like true entrepreneurs, we run fast and lean. We are in constant evolution and the runway for personal and professional growth is long. People are our strength, and that’s why we’ve created and sustained an award-winning culture that promotes growth and celebrates the big and little wins along the way. At the end of the day, we believe competitive salaries, top-tier benefits, a hybrid work model, and transparency into the business is a given. Working together toward something meaningful with people you enjoy, is just a bonus!

Requirements

Bachelor’s degree or equivalent experience
7-10 years’ experience in product management
3-5 years’ experience in banking or financial services
Strong knowledge in Deposit (checking, savings, money market), Online Banking and Treasury Management products and services
Proven track record of product planning, defining, and launching successful products
Track record of establishing & maintaining productive third-party vendor relationships and working with SaaS products
Excellent verbal and written communication skills
The ability to lead, coach and guide their team of product managers and product support staff, while influencing and inspiring the direction of the product line.
Outstanding analytical skills with the ability to understand diverse and complex information and data and design refined strategies, solutions, workflows, and procedures

Responsibilities

Build the product management department’s vision, strategic direction and compile the product planning processes and materials necessary for driving product initiatives further with clarity and consensus
Mentor, coach and provide development opportunities to Product Managers, Product Implementations, Product Operations and other team members reporting into the Product Management function
Collaborate with functional leaders across the business to facilitate feedback loops around product requirements and business needs. This collaboration will lead to clear and efficient product road-mapping, product planning, prioritization, and an overall effective product development process.
Develop, define, manage, and oversee the product roadmaps as required to meet business needs. In this capacity, the VP will also incorporate the existing development backlog and use it to prioritize the needs as determined by the business, clients, and market needs.
Engages with clients to gain firsthand insight on the clients’ and market feedback on the products offered.
Works closely with the marketing department to develop marketing strategies, lead generation strategies, and sales strategies. The VP also partners with the business lines to understand product engagement, product gaps, implementation/workflow inefficiencies and support strategies.
Conducts relevant product research, establishing competitive intelligence and various market analyses that supplements and compliments analyses already conducted by product managers.
Synthesize client and market research that aids the business in understanding current and future product needs.