Municipal Credit Union is looking to improve the profitability and competitiveness of its Consumer Deposit Products and services by translating strategic objectives into actionable product initiatives.
Requirements
- Intermediate Banking knowledge of Deposit Products and services
- Strong reporting, decision making, analytical and problem-solving skills. Highly flexible and able to quickly adapt to changing priorities.
- Ability to perform in a high-volume environment and meet deadlines while maintaining exceptional attention to detail.
- Knowledge of fundamental regulations governing U.S. retail deposit accounts, payments, and digital banking services
- Minimum of three years of product management, product development or product marketing experience required
- Bachelor’s degree (BA, BS, BBA, etc.) required or a minimum of five years directly related experience
- Highly organized, self-motivated, member oriented and able to proactively work independently as well as within a team.
Responsibilities
- Product Development and Management: Support Deposit Product manager with the end-to-end lifecycle of Consumer Deposit products, market analysis, design, development, testing, pricing, fees, and ongoing enhancement
- Product Portfolio Monitoring: Monitor and report on product portfolio trends including P&L, Balances, Fee income, Productions, Attrition. Provide corrective action recommendations when performance is not in line with expectations
- Market Research and Analysis: Stay abreast of market trends, competitor offerings, and evolving third-party requirements. Use market signals and insights to identify opportunities for new product introductions or enhancements to existing products
- Cross Functional Collaboration: Partner with Risk, Retail, Legal, Compliance & Deposit Operations to ensure processes, procedures, policies, and systems are functioning as designed and partner on projects for implementation.
- Knowledge of fundamental regulations governing U.S. retail deposit accounts, payments, and digital banking services, including but not limited to Regulation DD, Truth in Savings, Regulation E, Regulation CC, Bank Secrecy Act (BSA), Patriot Act and Office of Foreign Assets Control (OFAC). Apply this knowledge to ensure compliance, risk management, and proper regulatory reporting
- Perform other related duties as requested and special projects as assigned
- Ensure product offerings are competitive, compliant, aligned with our strategy and member needs. Work closely with Retail to integrate deposit product offering into our full product/services suite
Other
- Bachelor’s degree (BA, BS, BBA, etc.) required or a minimum of five years directly related experience
- Minimum of three years of product management, product development or product marketing experience required
- Highly organized, self-motivated, member oriented and able to proactively work independently as well as within a team.
- Ability to perform in a high-volume environment and meet deadlines while maintaining exceptional attention to detail.
- Results - We are passionate about winning.
