Consumer Banking Product Manager

Company: First Bank
Location: Saint Louis
Posted on: September 4, 2024

Job Description:

Position Details

Product Manager
The Product Management Officer, is a hybrid role located on-site at our corporate headquarters in St. Louis, MO. The Product Management Officer is responsible for the development and management of consumer and business deposit and loan products and services that will meet the needs of our clients. Your ability to create strategic roadmaps, business cases, and marketing plans enables you to successfully execute product strategies. You will be the product segment's subject matter expert and collaborate with vendors and internal business units to drive product adoption, revenue growth, and client satisfaction.
What You Will Be Doing

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• Managing the product life cycle of assigned product families from strategic planning to tactical execution. Identifying opportunities to broaden product offerings through a continuous review of market conditions and segment needs, industry and financial trends, and solicitation of feedback from sales teams and clients. Prioritizing product enhancements based upon the bank's overall strategic objectives.
  
• Developing and maintaining a continuous strategic roadmap for product development which will serve as the foundation for resource planning, capital expenditures, and profit objectives.
  
• Creating business cases for strategic investment, to include expected outcomes, metrics and critical steps necessary to accomplish relevant objectives. Collaborating with project management resources to provide business requirements, vendor selection criteria, and other design elements necessary for successful project completion.
  
• Functioning as the subject matter expert for assigned products. Keeping abreast of the legal, regulatory, risk, and industry environment.
  
• Analyzing financial, segment, and market data intelligence. Identifying factors that influence product profitability, including product pricing and rates, and develop strategies to positively impact financial performance and client satisfaction. Defining and tracking key performance metrics.
  
• Routinely meeting with front-line sales staff to seek feedback on client experiences and product adoption.
  
• Working with marketing and sales management groups to develop media strategies, product promotions, training materials, and sales goals.
  
• Representing the bank through participation in professional organizations, conferences/working groups, and speaking engagements.
  
• Managing vendor relationships, negotiating contracts and tracking overall vendor performance through routine communication, issue resolution, and service level measurement.
  
  
  
  
  
  
  What Do You Need for this Position?
  
  
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  • Bachelor's degree (B. A.) from four-year college or university strongly recommended; MBA preferred
    
  • A minimum of seven (7) to ten (10) years of experience and/or training in consumer deposit, consumer lending, or small business product management; proven understanding of banking business models; or equivalent combination of education and experience.
    
  • Proven leadership skills and an entrepreneurial mindset are essential.
    
  • Strong marketing instincts and sound business judgement.
    
  • Multi-lingual, a plus
    
  • U.S. Military Veterans are encouraged to apply
    
    
    
    About Us
    Be a part of a growing company that is truly committed to its employees and clients. Consider joining the First Bank family. As a member of our family, you are part of one of the largest independent banks in the U.S. We are proud of our growth and success over the past 100 years and look forward to a bright and promising future.
    Diversity
    At First Bank one of our biggest strengths is the diversity of our people. Our mission is to capitalize on the diversity of our associates and promote personal and professional development throughout every area of the organization. We encourage diversity by actively seeking employees from various backgrounds, walks of life, and job skills. We strongly encourage you to apply whenever a First Bank job opportunity interests you.
    
    First Bank is a VEVRAA Federal Contractor and an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or protected Veteran status.
    Attn: Applicants interested in a San Francisco based position: First Bank will consider qualified applicants with a criminal history in a manner consistent with the San Francisco Fair Chance Ordinance.
    
    Additional Details
    None
    
    
    
    

Keywords: First Bank, St. Louis , Consumer Banking Product Manager, Accounting, Auditing , Saint Louis, Missouri