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Product Manager - Deposits

Company: MidFirst Bank
Location: Oklahoma City
Posted on: January 24, 2023

Job Description:

The Product Manager position is an essential position on the Retail Product Management team, and is responsible for developing, executing and tracking new and existing strategies to grow their product lines. Product lines primarily relate to consumer products such as Checking, Savings, Certificate of Deposit, Home Equity Loans and Line of Credit and Debit Cards.

The successful candidate must:

  • Think outside the box and develop ideas, strategies and products for Retail Banking
  • Partner with internal departments to develop and execute marketing campaigns and promotions
  • Evaluate and conduct research and analysis to develop and present recommendations related to product, pricing, promotions and existing partnerships to various levels within the organization, including executive management
  • Manage projects related to products, new development, existing changes, and related compliance and or regulatory changes
  • Be a subject matter expert on products, pricing, competition and customer trends to identify opportunities to produce best in class products and customer experience
  • Lead cross-functional internal teams, including Operations, Compliance, Legal, Risk, Marketing and Digital departments to deliver new or updated products and promotions.
  • Partner with external partners to integrate new products or services, including contract negotiations, risk assessments and relationship management

    Additional responsibilities include:

    • Develop strategy to increase product production and portfolio growth
    • Evaluate current product offerings for improvements and efficiencies
    • Evaluate, negotiate and manage all programs for assigned product lines
    • Research, design and propose new products, based on industry research, data driven analysis, financial modeling and customer experience
    • Clearly communicate business requirements and lead cross-functional team in product set up
    • Work directly with marketing to position and promote product lines, as well as manage and monitor customer segments
    • Work directly with front line sales force to promote assigned product lines. Includes promotion and product training, problem solving and proactive outreach for efficiencies and improvements
    • Work directly with digital channel administrators to enhance online and mobile customer experience and engagement
    • Present detailed analysis of customer trends and opportunities to management
    • Must have the ability to manage all aspects of projects independently, from creation, tracking, communication to achieving deadlines
    • Extreme attention to detail and compliance with business processes and applicable regulations
    • Perform miscellaneous duties and ad hoc reporting as assigned

      Position Requirements:

      • Bachelor's degree required in the areas of Finance, Accounting, Economics or Marketing; MBA and/or CPA preferred
      • 3-5 years of experience in product management or general project management, ideally in banking or financial industry
      • Ability to work both independently and contribute to team structure
      • Experience in working and leading cross-functionally with a wide breadth of stakeholders, including users, developers, business leaders and executives in order to generate buy-in for product direction
      • Experience in developing and implementing a product roadmap
      • Excellent written and verbal communication
      • Demonstrated experience in creative thinking and problem solving
      • Self-motivated
      • Ability to thrive in a fast-paced environment, managing several projects and tasks concurrently
      • Keen attention to detail and highly organized
      • Strong presentation skills
      • Advanced proficiency in Microsoft Office suite - Word, Outlook, Excel, PowerPoint



        Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

        The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)

Keywords: MidFirst Bank, Oklahoma City , Product Manager - Deposits, Executive , Oklahoma City, Oklahoma

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