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Director, Deposit Products

Description

Start a Rewarding Career with Alliant

Why Alliant?

We’re not a typical financial institution – we’re better. We’re an innovative, fun-loving, highly-engaged group of professionals that are committed to our company and the communities we do business in. We love to recognize and celebrate each other.


Over 90% of our employees say we are a great workplace that is focused on our mission, vision and the future of banking.

 

What will your day look like?

You will have P&L responsibility and strategically leads and directs all aspects of Deposit/Transaction Product Management. Work involves developing, executing and managing marketing programs, product pricing (interest rates and fees), and product development. Works collaboratively and consultatively with senior management and channel managers to achieve deposit/transaction goals. Resources to do the job require sound and proven leadership ability, effective written and verbal communication skills, strong and proven analytical ability, strong relationship skills, the demonstrated ability to collaborate with all levels of the organization, and effective and consistent management capability.

Responsibilities

Do you see yourself doing this?

  • Developing the product portfolio strategy and roadmap for improving current products and lead the implementation of product enhancements and changes
  • Developing, executing and managing marketing programs in all channels (on-line, mobile, branch, phone) relating to deposit/transaction product acquisition, retention, utilization and cross-sell
  • Creating a coherent product pricing strategy including periodically setting rates and fees
  • Overseeing related services and fees to improve non-interest income through service-related campaigns, e.g. debit usage, overdraft and courtesy pay coverage, insurance campaigns
  • Analyzing product portfolio operational costs and profitability of each product and providing recommendations and implementing solutions that increase cost efficiency and product profitability
  • Working with Fraud and Operations to ensure efficient and effective risk and compliance management practices by adhering to required standards and processes
  • Innovating and researching new product development as related to deposit and transaction accounts
  • Providing annual business plan direction for deposit products and setting and executing against product outcome goals
  • Developing deposit cross-sell and retention strategies to ensure member engagement and increased lifetime value of our customers
  • Developing and managing the annual budget for deposit/transaction marketing functions
  • Being responsible for deposit/non-credit transaction product P&Ls
  • Monitoring and responding to product-related drivers of customer complaints
  • Keeping abreast of deposit product marketplace to ensure fit and value of Alliant products

Requirements

What makes you a great fit?

You’ll be a great fit if in addition to the completion of a Bachelor’s degree in Marketing (MBA is a plus), with a minimum of 10 years of experience including 5+ years in a marketing/product management role, you have/are:

  • Ability to handle multiple projects with tight deadlines
  • Exceptional written and verbal communication skills
  • Demonstrated critical thinking, decision making and problem solving skills
  • Prior experience with financial products
  • Proficient with Microsoft Office Products: Word, Excel, Outlook and PowerPoint

When you’re happy, we’re happy!

As a thank you for joining our team, you’ll benefit from:

  • Competitive medical, dental, and free vision benefits
  • Competitive compensation plan
  • Contributions towards gym memberships
  • Generous PTO and banking holidays off

Still not convinced?

We’re on the list of 100 Best Medium Companies to work for, check it out here. For more details you can also visit our Glassdoor and LinkedIn profiles.

Job Snapshot

Location US-IL-Chicago
Employment Type Full-Time
Pay Type Year
Pay Rate N/A
Store Type Management, Banking
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Company Overview

Alliant Credit Union

As an Alliant Credit Union member, you will benefit from: High dividend payouts, much higher than from a bank. Superior, personal service. Easy to use products and services. That's because your savings account represents a share in ownership. Simply put, we are owned and operated by members. Unlike publicly-held financial institutions, Alliant is a not-for-profit cooperative, so our members are the shareholders. For more information, please visit: http://www.alliantcreditunion.org/ Learn More

Contact Information

US-IL-Chicago
Snapshot
Alliant Credit Union
Company:
US-IL-Chicago
Location:
Full-Time
Employment Type:
Year
Pay Type:
N/A
Pay Rate:
Management, Banking
Store Type:

Description

Start a Rewarding Career with Alliant

Why Alliant?

We’re not a typical financial institution – we’re better. We’re an innovative, fun-loving, highly-engaged group of professionals that are committed to our company and the communities we do business in. We love to recognize and celebrate each other.


Over 90% of our employees say we are a great workplace that is focused on our mission, vision and the future of banking.

 

What will your day look like?

You will have P&L responsibility and strategically leads and directs all aspects of Deposit/Transaction Product Management. Work involves developing, executing and managing marketing programs, product pricing (interest rates and fees), and product development. Works collaboratively and consultatively with senior management and channel managers to achieve deposit/transaction goals. Resources to do the job require sound and proven leadership ability, effective written and verbal communication skills, strong and proven analytical ability, strong relationship skills, the demonstrated ability to collaborate with all levels of the organization, and effective and consistent management capability.

Responsibilities

Do you see yourself doing this?

  • Developing the product portfolio strategy and roadmap for improving current products and lead the implementation of product enhancements and changes
  • Developing, executing and managing marketing programs in all channels (on-line, mobile, branch, phone) relating to deposit/transaction product acquisition, retention, utilization and cross-sell
  • Creating a coherent product pricing strategy including periodically setting rates and fees
  • Overseeing related services and fees to improve non-interest income through service-related campaigns, e.g. debit usage, overdraft and courtesy pay coverage, insurance campaigns
  • Analyzing product portfolio operational costs and profitability of each product and providing recommendations and implementing solutions that increase cost efficiency and product profitability
  • Working with Fraud and Operations to ensure efficient and effective risk and compliance management practices by adhering to required standards and processes
  • Innovating and researching new product development as related to deposit and transaction accounts
  • Providing annual business plan direction for deposit products and setting and executing against product outcome goals
  • Developing deposit cross-sell and retention strategies to ensure member engagement and increased lifetime value of our customers
  • Developing and managing the annual budget for deposit/transaction marketing functions
  • Being responsible for deposit/non-credit transaction product P&Ls
  • Monitoring and responding to product-related drivers of customer complaints
  • Keeping abreast of deposit product marketplace to ensure fit and value of Alliant products

Requirements

What makes you a great fit?

You’ll be a great fit if in addition to the completion of a Bachelor’s degree in Marketing (MBA is a plus), with a minimum of 10 years of experience including 5+ years in a marketing/product management role, you have/are:

  • Ability to handle multiple projects with tight deadlines
  • Exceptional written and verbal communication skills
  • Demonstrated critical thinking, decision making and problem solving skills
  • Prior experience with financial products
  • Proficient with Microsoft Office Products: Word, Excel, Outlook and PowerPoint

When you’re happy, we’re happy!

As a thank you for joining our team, you’ll benefit from:

  • Competitive medical, dental, and free vision benefits
  • Competitive compensation plan
  • Contributions towards gym memberships
  • Generous PTO and banking holidays off

Still not convinced?

We’re on the list of 100 Best Medium Companies to work for, check it out here. For more details you can also visit our Glassdoor and LinkedIn profiles.

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Director, Deposit Products Apply now