We are the movers of the world and the makers of the future. We get up every day, roll up our sleeves and build a better world together. At Ford, we're all a part of something bigger than ourselves. Are you ready to change the way the world moves?
The Ford Motor Credit Company team helps put people behind the wheels of great Ford and Lincoln vehicles. By partnering with dealerships, we provide financing, personalized service and professional expertise to thousands of dealers and millions of customers in over one hundred countries around the world.
The Ford Motor Credit Company ("Ford Credit") has received the regulatory conditional approval to form Ford Credit Bank("the Bank") to be headquartered in Salt Lake City, Utah.
The Bank will create innovative and simplified banking solutions to help customers across the country finance the purchase of new Ford vehicles, parts, accessories, EV Infrastructure and software and will accept deposits with competitive rates on FDIC-insured savings accounts and certificates of deposit. The Bank will be a direct and wholly owned subsidiary of Ford Credit, an indirect wholly owned subsidiary of Ford Motor Company ("Ford").
The people of Ford Credit have a 60-year commitment to helping put people behind the wheels of great Ford and Lincoln vehicles. By partnering with dealerships, we provide financing, personalized service, and professional expertise to five thousand dealers and more than four million customers in over 100 countries around the world.
The proposed Bank will be a strategic addition to Ford Credit and is key to providing the capabilities needed to meet the financing expectations of Ford customers. If you're customer-focused, driven and seeking the opportunity to experience exciting challenges and growth, look no further. The successful candidate will be a member of an exciting and dynamic team of banking professionals who would have the opportunity to stand-up and begin the operations of the de novo Bank. New employees hired by the bank will initially be Ford Credit employees. Once the bank is formally established, these employees may be transferred to the new bank Come help build a better world, where every person is free to move and pursue their dreams. Ford was built on the belief that freedom of movement drives human progress. It's a belief that has fueled our passion to create great cars and trucks. And today, it drives our commitment to become the world's most trusted mobility company, designing vehicles for a smart world that helps people move more safely, confidently, and freely. Ford is experiencing significant business transformation in an ever-changing digital world. We are dedicated to delivering distinctive products and solutions, having an "always on" relationship with customers and continuously improving our user experience.
In This Position...
This individual will be the individual responsible for the Bank's Products and Strategy. This is a pivotal leadership role responsible for driving the strategic direction, development, and performance of the bank's products, while also leading the comprehensive strategic planning process for the entire organization. This individual will ensure that all product initiatives are meticulously aligned with the bank's overarching business plan and market opportunities.
Furthermore, this person will spearhead the creation, refinement, and presentation of the bank's three-years strategic plan to senior leadership and the Board of Directors, ensuring a clear roadmap for future growth and success. This role demands a visionary leader with a deep understanding of banking products, market dynamics, pricing, profitability, return metrics and strategic execution.
What you'll do...
Product Strategy & Vision: Define and articulate a compelling product vision and strategy that supports the bank's long-term goals, customer needs, and competitive positioning.
Market Analysis& Opportunity Identification: Lead ongoing market research, competitive analysis, and customer segmentation studies to identify new product opportunities, assess market trends, and understand evolving customer behaviors.
Product Lifecycle Management: Oversee the entire product lifecycle, from ideation and concept development through design, launch, performance monitoring, enhancement and eventual retirement.
Product Development Leadership : Drive the development of innovative and competitive banking products (e.g., deposit accounts, lending products, digital solutions) by collaborating closely with cross-functional teams including IT, Operations, Marketing, Legal, Compliance, and Risk Management.
Business Case Development: Develop robust business cases for new product initiatives, including financial projections, risk assessments, and resource requirements, ensuring alignment with the bank's profitability targets and risk appetite.
Regulatory Compliance & Risk Management: Ensure all product offerings and development processes adhere to relevant banking regulations, internal policies, and risk management frameworks.
Performance Monitoring & Optimization: Establish key performance indicators (KPIs) for all products, regularly monitor performance, analyze results, and recommend strategies for optimization, growth, and profitability.
Go-to-Market Strategy : Collaborate with Marketing and Sales teams to develop effective go-to-market strategies, launch plans, and communication materials for new and enhanced products.
Consistent with Business Plan: Guarantee that all product development and management activities are fully consistent with and contribute to the bank's approved business plan and strategic objectives.
Strategic Planning Process Ownership: Lead the annual process for developing and updating the bank's comprehensive three-year strategic plan, ensuring a structured, data driven, and collaborative approach.
Environmental Scan & Analysis: Conduct thorough internal and external environmental scans, including macroeconomic trends, industry shifts, technological advancements, regulatory changes, and competitive landscape analysis, to inform strategic direction.
Objective and KPI Definition: Facilitate the definition of clear, measurable, achievable, relevant, and time-bound strategic objectives and key performance indicators (KPIs) that cascade across the organization.
Cross-Functional Collaboration: Partner with senior leaders across all business units (e.g., Retail, Commercial,, Operations, IT, Finance) to gather input, align on priorities, and integrate departmental strategies into the overall bank plan.
Documentation & Communication: Develop comprehensive strategic plan documents, presentations, and supporting materials that clearly articulate the bank's vision, mission, strategic pillars, objectives, initiatives, and expected outcomes.
Senior Leadership Review & Endorsement: Present the strategic plan to the bank's senior leadership team, facilitate discussions, incorporate feedback, and secure their endorsement prior to Board submission.
Board of Directors Review & Approval: Confidently present the strategic plan to the Bank's Board of Directors, effectively communicating the strategic rationale, financial implications, and execution roadmap to gain their formal review and approval.
Monitoring & Reporting: Establish and manage a robust framework for monitoring the execution progress of the strategic plan, regularly reporting on key milestones, performance against KPIs, and any necessary adjustments to senior leadership and the Board.
Interface with the Bank's regulators including the FDIC and Utah Department of Financial
Institutions, take the lead on product and strategy related exam questions and responses
Travel approximately 20% of the time
You'll have...
Bachelor's degree from an accredited four-year college or university in business
administration, finance or related field required, advanced degree in business or related
field is ideal
10+ years in Bank strategy required
10+ years of management experience
Leadership: Proven track record of leading and developing high-performing teams,
fostering collaboration, and influencing stakeholders at all levels of an organization,
including executive leadership and Board members.
Strategic Thinking: Exceptional analytical and strategic thinking capabilities, with the
ability to synthesize complex information, identify critical issues, and develop innovative
solutions.
Industry Knowledge: Deep understanding of banking products, services, market dynamics,
competitive landscape, and regulatory environment.
Project Management: Strong project management skills, with the ability to manage
multiple initiatives concurrently and drive them to successful completion
Strong written, verbal, presentation, and organization skills
High emotional intelligence with proven ability to motivate, mentor and coach others
Effectively and self-sufficiently solves problems with effective results
Even better, you may have...
Successfully interact with and influence senior leadership, including executive
management
You may not check every box, or your experience may look a little different from what we've outlined, but if you think you can bring value to Ford Motor Company, we encourage you to apply!
As an established global company, we offer the benefit of choice. You can choose what your Ford future will look like: will your story span the globe, or keep you close to home? Will your career be a deep dive into what you love, or a series of new teams and new skills? Will you be a leader, a changemaker, a technical expert, a culture builder...or all of the above? No matter what you choose, we offer a work life that works for you, including:
Immediate medical, dental, vision and prescription drug coverage
Flexible family care days, paid parental leave, new parent ramp-up programs, subsidized back-up child care and more
Family building benefits including adoption and surrogacy expense reimbursement, fertility treatments, and more
Vehicle discount program for employees and family members and management leases
Tuition assistance
Established and active employee resource groups
Paid time off for individual and team community service
A generous schedule of paid holidays, including the week between Christmas and New Year's Day
Paid time off and the option to purchase additional vacation time.
This position is a leadership level 5.
For more information on salary and benefits, click here: https://fordcareers.co/LL5 (https://urldefense.com/v3/\_https:/fordcareers.co/LL5\\;!!N\LtwI-RPugbI9wg0dJn!GWlgE-SyFxReVXCI9MYtJBu3uuEes0br3plLHnqMWezu34sMO-HG_xDHXbeUWCr3Maz77lYIYEu17g$)
Visa sponsorship is not available for this position.
Candidates for positions with Ford Motor Company must be legally authorized to work in the United States. Verification of employment eligibility will be required at the time of hire.
We are an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, religion, color, age, sex, national origin, sexual orientation, gender identity, disability status or protected veteran status. In the United States, if you need a reasonable accommodation for the online application process due to a disability, please call 1-888-336-0660.
This position is hybrid. Candidates who are in commuting distance to a Ford hub location may be required to be onsite four or more days per week. #LI-Hybrid#LI-FordCredit #LI-MN1
Requisition ID : 58178
