Title: Senior Commercial Deposit Product Manager
Location: CALIFORNIA-LOS ANGELES
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At Union Bank, our people are our greatest asset. We are one of the largest banks in California with a longstanding reputation for professional training and career development. In addition to investing in our employees, Union Bank has established a generous community reinvestment program that works to uplift communities and watch them grow. We invest in a diverse workforce as our employees come from many different backgrounds, bringing with them different experiences and perspectives.
Become part of a team where community, diversity, and exceptional service are part of everyone's job. Invest in you!
"Job Summary
Responsible for the management of commercial deposit and liquidity products and the development of related new products and major enhancements. Coordinate product development and management activities with Bank departments and outside vendors to expeditiously promote and deliver quality products to the marketplace. Prioritize the expenditure of the Bank's resources to ensure the most cost effective development of products and new enhancements. Ensure that the appropriate consulting and sales functions are informed of new products and enhancements.
Major Responsibilities
Develop new services and products based on the Bank's goals and objectives. Analyze and evaluate new concepts and develop marketing strategies to determine feasibility and market potential.
Coordinate the research effort by determining market segments. Advise management of potential delivery capabilities through preparation of strategy presentations or papers that define markets, product design, profit, marketing costs, alternative systems, operating expenditures and capitalization.
Manage existing product lines, ensuring that state-of-the-art technology is applied to delivery systems. Maintain an awareness of major industry trends and evaluate enhancement opportunities.
Make major strategic recommendations to management through presentation of proposals that analyze internal operating procedures, user groups and customer trends, pricing cost and internal/external technology and procedures needed to effect change.
Responsible for preparing annual Bank forecasts of product volume, revenues and costs.
Coordinate the development of operational systems and procedures between multiple users and delivery departments. Develop and supervise the writing of internal and user procedures and guides.
Develop strategies for pricing, advertising, marketing and training for assigned product lines.
Review requests from line management to modify and/or change strategies, design or procedures of existing products. Determine cost effectiveness and compliance with auditing procedures and legal requirements.
Approve daily operational problems regarding customer implementation and vendor technical problems on an exception basis.
May assist in the overseeing/training of more junior level employees.
Actively ensure compliance with Union Bank's Business Standards of Conduct and all Patriot Act, CIP, Anti-Money Laundering, Bank Secrecy Act, information security and suspicious activity reporting requirements, and other regulatory and compliance policies and procedures.
Actively participate in any required corporate and business line Compliance Training.
Follow account opening procedures and understand and follow internal suspicious activity referral requirements and processes, as required for this position. Actively work with customers to understand each customer's normal account activity, as appropriate for this position.
This position typically requires a degree from a four-year college (e.g., B.A., B.S.) and a minimum of seven years of technical experience.
Requires the ability to design or develop complex spreadsheets, databases or custom reports or report formats."
Union Bank is committed to leveraging the diverse backgrounds, perspectives, and experiences of our workforce to create great opportunities for our people and our business. EOE. M/F/D/V.
