Consumer Deposit Product Manager - Iselin, NJ (Hybrid)

Key Responsibilities

• Develop and execute strategies to grow deposit balances, improve retention, and optimize mix
• Ensure the alignment of Deposit Products with Treasury strategies for effective funding, liquidity and interest rates
• Analyze market trends, competitor offerings, and customer behavior to inform strategy
• Manage the end-to-end lifecycle of deposit products, from concept through launch and ongoing optimization – including business case / winning budget approvals
• Lead product enhancements, pricing changes, and sunsetting activities as needed
• Translate business requirements into clear product specifications in collaboration with Operations and Technology
• Leverage market research and trends to inform product strategies
• Drive development of initiatives that result in deposit and household growth through innovative marketing campaigns and sales team engagement
• Collaborate with Marketing, Retail Banking, Commercial Banking and Digital teams to design and execute acquisition, retention, and promotional campaigns
• Define pricing offers, incentives, and segmentation strategies
• Monitor campaign results and adjust strategies based on performance metrics
• Own product-level financial performance, including balance growth, revenue, cost of funds, and expenses
• Develop forecasts, business cases, and pricing scenarios
• Prepare regular performance reporting and present insights to Senior and Executive management and various committees
• Ensure all products, pricing, and campaigns comply with regulatory, legal, and internal risk requirements
• Partner with Risk and Compliance teams through product governance and approval processes
• Support audits, issue management, and regulatory inquiries related to deposit products

Skills and Training Required

• Ability to influence, collaborate and lead data driven decisioning
• Strategic thinking with strong analytical capabilities
• Proven cross-functional leadership and stakeholder management
• Ability to translate complex requirements into clear, actionable plans
• Superior written and verbal communication skills
• Detail-oriented with strong execution discipline

Work Experience

• 10+ years of experience in banking, financial services, or product management
• Experience managing deposit products and pricing preferred
• Demonstrated experience with financial analysis and P&L accountability
• Strong understanding of regulatory and compliance requirements in a banking environment

Education

• Bachelor’s degree in Business, Finance, Economics, or a related field
• Stonier Graduate School of Banking program completion preferred not required

Other Duties

• Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job.

Working Conditions

• Prolonged sitting
• Lifting from 5 to 10 lbs (printer paper, storage boxes)
• Occasional bending or overhead lifting (storing files or boxes)
• Work is performed in a normal office environment. Noise levels are usually moderate. May also involve travel to customers and property locations.

Hazards

• The hazards are mainly those present in a normal office setting and those present in commuting by car. Occasionally, they may be exposed to those conditions present in public forums and meeting places.

PAY DETAILS

• $99,400 - $184,000 annually
• Please note, the base pay actually offered may vary based upon the candidate's skills and experience, job-related knowledge, education, geographic location, internal equity, and other applicable business and organizational needs.
• This role is incentive eligible based upon company, business, and/or individual goal achievement and performance.

Benefits

• Team members accrue paid time-off (PTO), receive Holiday (PTO) and are eligible to participate in the bank’s Health and Wellness benefits including Medical, Dental and Vision Plans, Flexible and Health Savings Accounts, and a 401(k) Retirement Plan.
• In addition, the company provides Disability Insurance, an Employee Assistance Program, and Basic Life Insurance.
• Company sponsored Tuition Disbursement and Loan Repayment programs are also available.
• Voluntary benefits include Supplemental Life Insurance, Accident, Critical Illness, Hospital Indemnity and Legal plans.