VP, Deposits

Job Overview

For financial institutions, Deposits are all rage these days.  Now, more than ever, developing an effective strategy to drive consumer deposits is a key initiative for many financial institutions.  Dupaco has been right in the mix of this initiative too.  And, that’s where you come in… You juggle compliance like a pro, you love collaborating with Marketing teams to mastermind attractive deposit products, and (most importantly) you can craft deposit strategies that will make our members’ savings soar! Have you been waiting to work for a place like Dupaco to showcase your skills?  Let’s talk…

What You'll Do:

• Evaluate the consumer deposit portfolio, analyze developing trends, and recommend changes and improvements based on member insights, growth, profitability and Key Performance Indicator metrics.
• Actively follow industry trends and competitive market practices, develop competitive strategies, and make recommendations concerning adjustments to programs, price and products in related areas in partnership with Marketing Strategist.
• Identify and understand consumer and member research to gain insights and deepen understanding of member needs and partner with Member Experience teams. Partner with key stakeholders to develop and execute a comprehensive roadmap to build competitive, profitable products that help our targeted segments and is aligned with Dupaco’s strategy.
• Develop annual business plan and performance goals in collaboration with finance, treasury, marketing, retail channels and operations teams.
• Responsible for gathering insights and partnering with finance and treasury on product pricing strategy, competitive analysis, balance sheet goals, performance and profitability.
• Actively monitor consumer deposits performance and portfolio growth – providing updates to key stakeholders.
• Provide insights and performance reviews on activities including discussing industry trends, market impact of competitors, and recommendations to improve deposit penetration.
• Responsible for managing risk related to deposit products including interest rate, liquidity and compliance.
• Ensure compliance with established policies and procedures, understanding the risk management and compliance requirements, and partnering with risk and compliance teams to manage the portfolio within the credit union’s risk profile.
• Partner with member experience and digital product teams to influence requirements for products and features, including defining the go-to-market strategy and product success metrics and recommendations for optimizations, and ensuring it meets all regulatory and policy compliance.
• Responsible for launching new deposit products, identifying opportunities for product revisions and for new products based on member insights, credit union needs, market input and competitive assessments.
• Responsible as the process owner of identified support work needed to deliver consumer deposit solutions to members.
• Accountable for clearly defining roles, ensuring accountability, monitoring performance, identifying risks and roadblocks through change management, serving as a subject matter expert, providing training, and facilitating communication through process ownership.
• Perform other duties as assigned.

What You'll Need:

• Bachelor’s degree in Business, Finance, or Business Analytics
• Extensive experience in product management, ideally with a Financial Institution
• Strong analytical background to understand and connect skill set to create connection to various data points. Excellent analytical, communication, and presentation skills, with the ability to influence and drive strategic initiatives at the executive level.
• Excellent communication skills with strong written and oral presentation skills, for both internal and external credit union communications and relations.
• Must be able to prioritize while working on multiple projects at one time.
• Must be motivated, self-starting individual with a focus on detail-oriented projects.