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VP, Product Manager

Beverly Hills, CA, USA | PacWest Bancorp

  • Industry:
    Banking / Investment Banking
  • Position Type:
    Full-Time
  • Functions:
    General Management
    Marketing
    Product Development
  • Experience:
    7-10 years
Job Description:
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Overview

Define and execute strategic initiatives for product growth, including new product development and enhancements to the core offering to increase the competiveness of the current offerings in the US market. Implement and manage product roadmap coordinating with cross-functional teams and vendors to enhance or implement new product features and functionality.Focus on driving product revenue and growth, including developing and reviewing product pricing, while adhering to the Bank’s risk appetite and compliance with applicable regulatory and network requirements.


This role may be responsible for product growth of Card products.


Responsibilities

Maintain success metrics including product profitability, acquisition, retention, outstanding balances and lending facilities

Improve product and segment profitability and help support Banker/TM education on product sets

Identify and create partnerships that support enhancement of core product offerings, with support from Partnerships’ team and in alignment with broader Bank strategy

Work closely with Sales teams in facilitating product knowledge training, and in the distribution of marketing materials to generate revenue growth

Create go-to-market material, customer messaging to ensure product adoption in market

Partner with Marketing to develop promotional strategy and ensure appropriate positioning, and creation of marketing materials

Develop product pricing, and test pricing strategies as needed to compete against relevant competitors in the market place.

Develop and maintain updated competitive landscape.

Lead cross-functional teams and external partners in the planning, designing, and execution of incentive programs for branches and other parts of the Bank.

Perform other duties as assigned.

Discipline:


Card Product


Identify, develop and implement product enhancements to improve value proposition of the card product, including plastic and virtual card programs to drive T&E, B2B/virtual card spend.

Qualifications

Requirements:


Must have a BA degree in a related field

Minimum of 8 years’ work experience in Payments/Banking/Technology product management is required

In-depth knowledge of applicable banking rules and regulations

Understanding of product management discipline and principles

Ability to balance strategic roadmap and support execution related activities

Ability to communicate appropriately and effectively with all members of the organization 

Highly self-motivated and directed

Proven analytical, evaluative, and problem-solving abilities

Ability to effectively prioritize and execute tasks in a high-volume environment

Understanding of and ability to provide a high level of internal and external customer engagement 

Experience working in a team-oriented, collaborative environment

Preference:


MA degree in a related field is preferred

Experience working for Financial Institutions, Payment Players or in Product-lead roles at medium to larger organizations is preferred

Ability to conduct customer/product profitability analysis

Knowledge of fintech landscape and tech platforms that enable product/solutions

Prior experience engaging with Treasury Management clients directly or indirectly

Experience managing/leading teams

Remote office open for consideration.


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