Deposit Pricing & Analytics Manager
Northwest Bank
full-time
Posted on:
Location Type: Office
Location: Columbus • United States
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About the role
- Develop / Manage Deposit Pricing models to optimize rate / marketing activities allowing the bank to grow at the lowest overall cost.
- Assist in the management of overall Net Interest Margin for organization, partnering with Retail, Business and Commercial Lines in addition to Treasury management to find the optimal pricing point to support balance acquisition and retention through economic cycles.
- Execute short-term rate tactics, support the development of new product and rate concepts, and develop long term product pricing and rate strategies
- Support the development / management of overall end to end bank exception rate processes.
- Partner with stakeholders to execute on all rate change implementations.
- Partner with other Product Management team members and other stakeholders to support development of the product vision, make recommendations related to product design/functionality (as measured by customer value, growth and business outcomes) and work with marketing and sales to ensure we are executing on those visions
- Partner with internal stakeholders, aligning on customer and market research and analytics to ensure we are working towards our current year objectives.
- Manage third party relationships, including Curinos, related to competitive insights, model development and deployment.
- Research customer segments served by Northwest Bank’s products, conduct market assessments, and recommend actions to increase share of wallet and market share
- Support in the development of annual and strategic financial plans for Deposit Portfolio.
- Create general Ad Hoc analysis within the deposit portfolio.
- Maintain Northwest Bank’s standard for internal controls, such as the internal and external audit points working efficiently and effectively to satisfy any issues raised by regulators as needed
- Support in Vendor management responsibilities
- Market Research and Analysis:
- Stay abreast of market trends, competitor offerings, and evolving client requirements. Use market signals and insights to identify opportunities make enhance existing products. Perform continuous benchmarking related to our Deposit Rates and Product offerings.
- Portfolio Management:
- Monitor portfolio trends including P&L, Balances, Fee income, productions, attrition. Report out to partners, make recommendations for enhancements/corrective action when actuals are not inline with expectations.
- Work closely with Treasury to support overall bank funding.
- Risk Management:
- Have solid understanding of first line of defense, the importance of risk management and their roles and responsibilities therein
- Knowledge of fundamental regulations governing U.S. retail deposit accounts, payments, and digital banking services, including but not limited to Regulation DD, Truth in Savings, Regulation E, and Regulation CC. Apply this knowledge to ensure compliance, risk management, and proper regulatory reporting
- Working knowledge of other important regulations, including but not limited to the Bank Secrecy Act (BSA), Patriot Act and Office of Foreign Assets Control (OFAC)
Requirements
- 8 - 12 years Deposit pricing, rate analytics, and modeling
- Bachelor's Degree Business, Finance, Marketing, or related field
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard skills
deposit pricingrate analyticsmodelingmarket researchfinancial planningportfolio managementrisk managementP&L analysiscompetitive insightsad hoc analysis
Soft skills
stakeholder managementcollaborationcommunicationstrategic thinkingproblem solvinganalytical skillscustomer focusrecommendation developmentrelationship managementorganizational skills