• Job Description

  Req#: 5519998
  About the Organization
  Manufacturers Bank was formed by a group of banking entrepreneurs in June 1962. Our scope is to serve the specialized needs of California middle-market businesses, manufacturers, wholesalers, distributors, importers, exporters, and service companies, including small businesses and professionals.
  
  Our mission is to be "the bank of choice" for middle market and professional service companies by establishing long term customer relationships and loyalty, providing superior products and services through a core of highly skilled and seasoned bankers.
  To achieve our mission to be the 'bank of choice' for middle market and professional services companies, we are focused on our vision to be the premier California regional business bank that can provide the sophistication and expertise of a larger institution with the personal 'high touch' services of a smaller bank.
  
  Specialties:
  
  Commercial Loans and Lines of Credit, Asset-Based Financing, SBA Loans, and Specialized Financing, Real Estate Loans, Cash Management Services, International Services
  
  Description
  
  NEW DIGITAL BANK MISSION STATEMENT
  
  Join us on our mission to create a completely new, 100% digital bank that truly serves customers' best interests. We are a close knit and fun-loving team of seasoned financial services professionals who came together for the challenge of building a bank from scratch - and we are committed to doing it all the right way (from technology infrastructure to modem marketing to customer experience). We work with the flexibility and speed of start-up. But we also have significant stability and capital from being part of the SMBC Group (Sumitomo Mitsui Banking Corporation).
  
  SMBC is the 2nd largest bank in Japan, and the 12th largest bank in the world with operations in over 40 countries. And SMBC is committed to disrupting the US marketplace with ground-breaking products.
  
  It's the best of both worlds, and we are seeking proven marketing leaders to propel us towards national launch. We have both the ambitious growth plans and the "patient capital" necessary to execute a multi-year plan. Join us on the journey to deliver an exciting concept of evolved banking.
  
  GERNERAL SUMMARY:
  
  The Consumer Deposits Strategy & Pricing Manager, a critical Deposits leadership role, will have responsibility and accountability for driving strategy and execution across all Deposit products to improve product performance. This role will also be accountable for managing the pricing of deposits across the organization. This role will lead cross-functional teams to identify opportunities and develop solutions to improve product experience, profitability, and competitiveness.
  
  Additionally, this role will be responsible for analyzing and interpreting economic data and trends to inform decisions about deposit products and services for the organization. This role is expected to have a deep understanding of the deposits market landscape and can communicate insights in a clear and concise manner. Significant growth is expected within both Manufacturers Bank as well as this role within Product Management.
  
  The anticipated salary range for this role is between $107,000 and $140,000. The specific salary offered to an applicant will be based on their individual qualifications, experiences, and an analysis of the current compensation paid in their geography and the market for similar roles at the time of hire. Some roles will also qualify for an annual discretionary incentive award. In addition to cash compensation, Manufacturers Bank offers a comprehensive benefits package.
  
  PRINCIPLE DUTIES & RESPONSIBILITIES:
  
  • Lead deposit product strategy: drive customer acquisition and balance growth while effectively managing costs.
  • Improve product financials through identifying opportunities throughout the entire customer lifecycle including marketing, onboarding, fraud, pricing, servicing, payments, operations, etc.
  • Create and manage the Retail Deposits (i.e., Savings, CDs, Transactional) Product Roadmaps; collaborate with all key functions to define scope, prioritize, and execute work.
  • Analyze the competitive landscape to develop deposit pricing strategies that are competitive, profitable, and aligned with the Jenius Bank strategic vision.
  • Lead the development of deposit pricing policies and procedures.
  • Monitor deposit pricing and market conditions to ensure that deposit pricing remains competitive and profitable.
  • Analyze financial and economic data to identify trends, new developments, and potential opportunities for the business.
  • Develop and maintain financial models for assessing the impact of potential deposit products and rate changes.
  • Drive Deposits business performance / risk metrics (KPIs / KRIs), assess trends/opportunities, and develop a forward-looking outlook.
  • Manage, coordinate, and execute all pricing changes.
  • Develop and maintain relationships with key stakeholders to ensure alignment on deposit product & pricing strategies.
  • Develop actionable insights and recommendations for business stakeholders.
  • Research industry best practices and keep up to date on industry news.
  
  
  Position Requirements
  
  POSITION SPECIFICATIONS:
  
  Education: Bachelors Degree or equivalent.
  
  Experience, Skills & Qualificaitons:
  
  • 5+ years of experience in Deposit Pricing / Product Management and/or Consumer Deposits Strategy.
  • Strong understanding of deposit pricing and the competitive landscape.
  • Demonstrated examples of tracking and improving product performance.
  • Ability to lead and collaborate cross-functionally.
  • Customer-centric focus to product management.
  • Experience with banking operations and digital product delivery teams.
  • Effective communication skills including ability to explain complex issues and solutions to all levels of management.
  • Excellent analytical and critical thinking skills.
  • Ability to successfully manage multiple projects.
  • Proficiency in data analysis tools and techniques.
  • Demonstrated examples of improving product performance.
  • Effective communication skills including ability to explain complex issues and solutions to all levels of management.
  • Strong understanding of financial statements and performance.
  
  
  Full-Time/Part-Time
  Full-Time
  
  Position
  Consumer Deposits Strategy and Pricing Manager (Remote)
  
  Open Date
  5/23/2023
  
  Location
  Corporate Headquarters
  
  Salary Range
  
  EOE Statement
  We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, disability status, protected veteran status or any other characteristic protected by law.
  
  CCPA Disclosure
  
  This California Consumer Privacy Act Disclosure ("CCPA Disclosure") explains how MB collects, uses, and discloses personal information subject to the California Consumer Privacy Act ("CCPA") as amended by the California Privacy Rights Act ("CPRA"). It also describes the privacy rights of California residents under the CCPA and how they may exercise those rights.
  
  This CCPA Disclosure applies solely to California residents and supplements all other applicable MB privacy policies and notices.
  
  Website: https://www.manufacturersbank.com/footer/Privacy-Security-Disclosures/California-Consumer-Privacy-Act-CCPA-Disclosure
  
  This position is currently accepting applications.

• About the company

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