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SUMMARY
The Deposit Product Manager is responsible for developing new deposit products, aligning products to the bank’s segmentation strategy, driving deposit pricing strategy, and growing the overall deposit portfolio. The Deposit Product Manager will collaborate with internal stakeholders to understand customer needs and innovate deposit products. Additionally, the Deposit Product Manager will establish a data-centric approach towards product development and leverage analytics to determine trends and opportunities.
Ensures compliance with established Bank policies and procedures. Demonstrates knowledge of, adherence to, monitoring and responsibility for compliance with state and federal regulations and laws as they pertain to this position including but not limited to the following: GLBA(Gramm-Leach-Bliley Act), Regulation Z (Truth in Lending Act), Regulation DD (Truth in Savings Act) Regulation B (Equal Credit Opportunity Act), Dodd–Frank Wall Street Reform and Consumer Protection Act (Dodd Frank Act), Elder Abuse Laws, Bank Secrecy Act in conjunction with the USA PATRIOT Act, Anti-Money Laundering and Customer Information Program, Right to Financial Privacy Act (state and federal) and Community Reinvestment Act.
REQUIRED DUTIES
1.Develops and maintains deposit products and services for the Bank.
2.Develops sales strategy and plan development in conjunction with RM/sales teams under the direction of executive management.
3.Tracks deposit growth, service adoption, and incentive programs.
4.Prepares production reports and analysis for management and profit centers to gauge effectiveness of programs and to identify new strategies and opportunities.
5.Provides internal communications support for Head of Deposits & Digital Banking and business units, to keep profit units informed and updated of sales programs, meetings, customer feedback, etc.
6.Provides general sales team support including lead generation, sales presentation development, marketing research and any other support as needed.
7.Identifies cross-selling opportunities and develops campaigns.
8.Tracks sales performance and goals.
9.Generates sales and production activity reports for management.
10.Treats people with respect; keeps commitments; inspires the trust of others; works ethically and with integrity; upholds organizational values; accepts responsibility for own actions.
11.Demonstrates knowledge of and adherence to EEO policy; shows respect and sensitivity for cultural differences; educates others on the value of diversity; promotes working environment free of harassment of any type; builds a diverse workforce and supports affirmative action.
12.Follows policies and procedures; completes tasks correctly and on time; supports the company’s goals and values.
13.Performs the position safely, without endangering the health or safety to themselves or others and will be expected to report potentially unsafe conditions. The employee shall comply with occupational safety and health standards and all rules, regulations and orders issued pursuant to the OSHA Act of 1970, which are applicable to one’s own actions and conduct.
14.Performs duties specific to the position and other functions as assigned.
MINIMUM REQUIREMENTS
These specifications are general guidelines based on the minimum experience normally considered essential to the satisfactory performance of this position. The requirements listed below are representative of the knowledge, skill and/or ability required to perform the position in a satisfactory manner. Individual abilities may result in some deviation from these guidelines.
•Bachelor’s degree and 5 or more years of related experience and/or training. Work related experience must include deposit operations and product management. Educational experience, through in-house training sessions, formal school or technical industry related curriculum, should be business or financial industry related.
•Must have more than 5 years in managing deposit products and overseeing deposit operations and campaigns
•Must have knowledge/understanding of banking operations and basic banking regulatory compliance.
•Excellent organizational and time management skills, with the ability to provide leadership, supervision and training for employees using positive supervisory techniques to ensure maximum productivity; demonstrated ability in organization and delegation skills.
•Experience in print production management.
•Proficient in Microsoft Office (word, Excel, Power Point), Adobe Suite (Acrobat, Photoshop), social media platforms and use of repository platforms such as Sharepoint.
•Ability to interpret raw content, write clearly, concisely, and grammatically correct.
•Intermediate skills in computer terminal and personal computer operation, mainframe computer system, word processing, typing and spreadsheet software programs to meet the needs of the position.
•Intermediate math skills; ability to calculate interest, commissions, proportions, and percentages; balance accounts; add, subtract, multiply and divide in all units of measure, using whole numbers, common fractions and decimals; locate routine mathematical errors; compute rate, ratio and percent, including the drafting and interpretation of bar graphs.
•Exceptional verbal, written and interpersonal communication skills, with the ability to apply common sense to carry out instructions and instruct others, train personnel, write reports, correspondence and procedures, and speak clearly to customers and employees.
•Thorough understanding of management procedures; ability to plan department or Company activities (setting objectives, developing strategies, budgeting, and developing policies and procedures); initiative to organize various functions necessary to accomplish department or Company activities; effectively staff (selecting, training and developing employees); directing employees towards the desired objectives (delegating, motivating, resolving problems); controlling the function (developing performance standards, measuring results, taking corrective action and rewarding employees as appropriate).
•Ability to deal with complex problems involving multiple facets and variables in non-standardized situations.
•Ability to work with no supervision while performing duties.
•Current driver’s license and a vehicle with appropriate insurance coverage if required to drive in the course of performing assigned duties and responsibilities.
We offer a competitive total rewards package including base salary within the range of $93,000 – $125,000.
We are an Equal Opportunity Employer. All applicants will receive consideration for employment without regard to race, color, ancestry, religion, sex, national origin, sexual orientation, age, marital status, disability, gender identity, gender expression, genetic information, or military or Veteran status, or any other characteristic protected by law.
Hanmi Bank