Product Manager II

About the Role

Key Responsibilities

• Manages the development of the assigned product roadmap in alignment with the bank's annual operating plan and strategic initiatives.
• Partners with business units and key vendors to keep the bank's product set ahead of the changing landscape.
• Creates and manages project plans and business cases, including scoping the project, identifying key dependencies, vendors, and systems, and performing product analysis, financial reviews, and assessments.
• Facilitates product compliance requirements, including monitoring regulatory changes, managing risk, and addressing reputational risk within the product line.
• Maintains current knowledge of industry regulations and compliance requirements.
• Develops business requirements for products sourced through vendor relationships.
• Evaluates and enhances actively sold and serviced products, identifying opportunities for revenue growth, tracking profitability, and managing changes to assigned products; this includes evaluating the impact of regulatory changes, conducting risk assessments, incorporating bank initiatives, and performing customer needs analysis for new and/or enhanced products and services.
• Utilizes customer feedback, industry surveys, employee input, and competitive product analysis to inform decisions.
• Develops deep expertise in all assigned products and services.
• Maintains the content of product grids, fee schedules, rate sheets, disclosures, and other product-related materials to ensure accuracy, completeness, and compliance.
• Creates product materials and tools for training use and spearheads communications regarding product updates, launches, campaigns, or procedural changes.
• Acts as the subject-matter expert and provides responsive assistance to branches, client support, and other departments company-wide for product-related support and solutions.
• Evaluates product data sets and reports, and communicates results and recommendations to product managers.
• Assists with promotional campaigns in collaboration with Marketing, preparing campaign materials, ordering collateral, tracking results, and coordinating with branches, sales, and delivery teams.
• Monitors the marketplace to identify product trends, risks, and opportunities, and reports these findings as needed.

Requirements

• Bachelor's Degree required
• 4-6 years related industry experience required
• Ability to perform each essential duty satisfactorily
• Knowledge of industry regulations and compliance requirements
• Experience in developing business requirements for products
• Strong project management and analytical skills
• Ability to evaluate product performance and market trends

Nice to Have

• Experience with bank product lifecycle management
• Familiarity with regulatory monitoring and risk management
• Experience collaborating with marketing and vendor partners

Qualifications

• Bachelor's Degree
• 4-6 years related industry experience

Benefits & Perks

• Competitive total compensation package including base salary and benefits
• Anticipated pay range for this position is $78,540 to $125,730 per year in CO & WA and $71,400 to $114,300 per year in MN
• Eligible for annual discretionary cash bonuses
• Benefits include medical, dental, vision, short-term and long-term disability, life insurance, flexible spending accounts, health savings account, employee assistance program, 401(k), Paid Time Off, and up to 11 paid Federal holidays
• Paid Time Off accrual of approximately 18 days per year inclusive of paid sick time