Senior Director, Deposit Products

First Tech Federal Credit Union
paid time off, 401(k)
United States, Oregon, Hillsboro
Apr 14, 2025
Description The Senior Director, Deposit Products reports into the VP, Deposit Products and is responsible for the strategic oversight and execution of initiatives related to the effective growth of all deposit portfolios, partners to develop and deploy innovative deposit products and transactional banking related services. The Senior Director will lead and drive product and promotional campaigns, growth of digital production, and internal product profitability. Primary Responsibilities: Direct the creation of strategic plans to ensure the sale and profitability of deposit products and development of product engagement and utilization Drive and manage the full product lifecycle, from development to decline, for consumer and commercial deposits Continuously assess and adjust existing product propositions, processes, procedures, and pricing strategies to ensure optimal portfolio populations and mixes which balance growth objectives and sensitivity tolerances Remain current on the competitive landscape, from product offerings, market behaviors, and pricing momentum, to maintain a competitive position and overall portfolio viability Influence internal and external key stakeholders to support growth, profitability and performance of consumer and card products Guide, coach and mentor direct and indirect reports including matrix or shared resources to meet production level goals Serve as subject matter expert for deposit products and transactional banking trends and innovations emerging in the larger marketplace Make regular presentations about deposit products and transactional banking trends at the committee level, cross functionally with stakeholders, and to the executive team Set department policies and budgets, tracking key metrics to report on progress, and own the departmental P&L in conjunction with counterparts and the VP Experience and Education Requirement: Minimum Education: Bachelor's degree in Business Administration, other related fields of study or equivalent experience. Master of Business Administration preferred Minimum 10 years' experience leading a diverse team including hiring, coaching and performance management within a financial services organization, inclusive of product management Minimum 7 years' experience in product management, pricing and value proposition strategies, and strategic development across the full consumer credit spectrum Experience with digital product growth and digital product marketing Experience in portfolio management, including performance analysis and optimization, market research and intelligence, competitive turbulence and full lifecycle management Experience in developing policies, processes, and best practices for product development testing and go-to-market strategies Experience evaluating and implementing third-party product or service solutions Ability to use industry/external trends, analytics, and market knowledge to continually measure, evaluate, and optimize products to drive product innovation, sales, and financial performance Ability to successfully drive projects, processes and change management concepts in a dynamic and complex operating environment Proficiency in creating and delivering a business plan and strategy that coincides with department and credit union directives Ability to foster internal and external business relationships to ensure alignment with business imperatives Strong knowledge of, and practical experience with, financial institution operating areas, functions, products and services and the laws and regulations relevant to consumer lending Outstanding presentation development and delivery skills Skilled in Microsoft Office Suite including Excel and PowerPoint Strong data aptitude and previous experience with leveraging data to drive business value Prior experience managing product and portfolio analytics is preferred. Certification/License: Scrum CSM or CPO is strongly preferred Benefits options include: Traditional medical, dental, and vision coverage 401K matching up to 5% per pay period Accrue up to 17 days of Paid Time Off your first year of employment 11 paid federal holidays Special employee pricing on lending products such as mortgage, auto, and personal loans (eligibility for special employee pricing is subject to standard account requirements and underwriting criteria) Location: Hillsboro Corporate Office, Hillsboro, OR 97124 Target Compensation: $150,000 to $180,000 + annual bonus What makes First Tech different? Clickhereto learn more! First Tech is not currently offering Visa sponsorship for this position #FT123 #FTFCC