Deposit Pricing & Analytics Manager

About the role

The Deposit Pricing & Analytics Analyst plays a crucial role in accelerating balance and customer acquisition, managing balance retention, and ensuring competitive positioning of deposit products across multiple geographies. This position supports the creation, maintenance, and execution of deposit rate strategies for the Consumer and Business portfolios, including the development and management of pricing elasticity models.

Responsibilities

• Develop / Manage Deposit Pricing models to optimize rate / marketing activities allowing the bank to grow at the lowest overall cost, including monitoring competitive landscape and ensuring Northwest maintains its desired pricing stance.
• Assist in the management of overall Net Interest Margin for organization, partnering with Retail, Business and Commercial Lines in addition to Treasury management to find the optimal pricing point to support balance acquisition and retention through economic cycles.
• Execute short-term rate tactics, support the development of new product and rate concepts, and develop long-term product pricing and rate strategies.
• Support the development / management of overall end-to-end bank exception rate processes. Partner with stakeholders to execute on all rate change implementations.
• Partner with other Product Management team members and other stakeholders to support development of the product vision, make recommendations related to product design/functionality (as measured by customer value, growth and business outcomes), and work with marketing and sales to ensure we are executing on those visions.
• Partner with internal stakeholders, aligning on customer and market research and analytics to ensure we are working towards our current year objectives. Manage third-party relationships, including Curinos, related to competitive insights, model development and deployment.
• Research customer segments served by Northwest Bank’s products, conduct market assessments, and recommend actions to increase share of wallet and market share.
• Create annual and strategic financial plans for Deposit Portfolio. Create general Ad Hoc analysis within the deposit portfolio.
• Maintain Northwest Bank’s standard for internal controls, such as the internal and external audit points working efficiently and effectively to satisfy any issues raised by regulators as needed.
• Support in the development of vendor management responsibilities, market research and analysis, and portfolio management.
• Monitor portfolio trends including P&L, Balances, Fee income, productions, attrition. Report out to partners, make recommendations for enhancements/corrective action when actuals are not inline with expectations. Work closely with Treasury to support overall bank funding.
• Ensure compliance with Northwest’s policies and procedures, and Federal/State regulations.

Qualifications

• Bachelor's Degree in Business, Finance, Marketing, or related field.
• 8 - 12 years of Deposit pricing, rate analytics, and modeling experience.
• Excellent people skills, a positive attitude, and leadership abilities are critical to the success of this position.
• Adaptability, customer focus, decisiveness, driving for results, initiative, sales focus, teamwork and cooperation, business acumen, developing others, managing others, project management.