Senior Manager, Consumer Deposit Product and Pricing
Apply (https://commercebank.wd1.myworkdayjobs.com/en-US/CommerceJobs/job/MO---St-Louis-County-Central---St-Louis---Clayton-8000-Forsyth-63105/Senior-Manager--Consumer-Deposit-Product-and-Pricing_38117/apply)
locations
MO - St. Louis County Central - St. Louis - Clayton (8000 Forsyth) (63105)
time @type
Full time
posted on
Posted Today
job requisition id
38117
About Working at Commerce
Building a career here is more than just steps on a ladder. It's about helping people find financial safety and success, helping businesses thrive, and making sure people and their money are taken care of. And our commitment doesn't stop there. Our culture is about our people, the ones in our communities and the ones that work with us.
Here, you'll find opportunities to grow and learn, to connect with others, and build relationships with the people around you. You'll have the space and resources to grow into the best version of yourself. Because our number one investment is you.
Creating an award-winning culture doesn't come easy. And after 160 years, we know Commerce Bank is only at its best when our people are. If this sounds interesting to you, keep reading and let's talk.
Compensation Range
Annual Salary: $158,000.00 - $187,500.00 (Amount based on relevant experience, skills, and competencies.)
About This Job
The main purpose of this job is to manage consumer deposit portfolio and pricing analytics.
Essential Functions
Manage consumer deposit portfolio P&L to meet growth and revenue projections
Manage Net Interest Margin (NIM) and Cost of Funds (COF) to corporate objectives
Chair the consumer deposit pricing meeting, leveraging analytics to make strategic pricing decisions and align to corporate objectives
Develop and manage consumer deposit pricing models
Support Private Banking in pricing analytics and provide strategic direction to Wealth management team
Develop new products, and maintain segment driven value propositions
Provide thoughtful industry expertise, product management, pricing analytics, and retail growth strategy
Lead, mentor and motivate team members to implement the department strategy and manage department workflow with guidance on departmental projects/issues, and provide coaching and development opportunities appropriate to each direct report's individual needs
Perform all necessary management functions, including hiring, evaluations, annual increase allocations and disciplinary action as required
Communicate decisions, priorities and relevant information to team members effectively
Support budget management, planning and expenditure
Perform other duties as assigned
Knowledge, Skills & Abilities Required
Expert knowledge of pricing models, and the tradeoff between price and volume, including knowledge of best practices
Industry expertise in deposit product management and pricing
Expertise in developing marketing strategy for consumer product
Understanding of customer segmentation, and developing solutions
Expert knowledge of the consumer banking industry, including knowledge of best practices
Ability to successfully lead initiatives, projects and activities that support departmental and organizational goals
Excellent interpersonal skills, including the ability to work across the organization and interact/influence/negotiate effectively at all levels of management and peers
Ability to think critically, solve problems, make decisions and build trust across the company and effectively envision, develop, and implement new strategies to address competitive complex business issues
Strong critical thinking skills with the ability to apply discretion and sound judgement to efficiently and effectively solve problems
Ability to drive results and balance management of organizational risk and meeting goals of the business
Strong leadership skills with ability to motivate team members and foster a positive team environment that gives way to collaboration and unified goals
Outstanding interpersonal and relationship building skills with the ability to effectively communicate with all levels of the company, clearly expressing ideas and concepts both verbally and in writing
Ability to remain adaptable and resilient to all situations with an optimistic outlook and cast a positive shadow that is aligned with our culture and Core Values
Advance level proficiency with Microsoft Word, Excel, Teams and Outlook
Education & Experience
Master's degree in related field or equivalent combination of education and experience required
10+ years retail banking experience required
5+ years leadership/supervisory experience required
LI-CW1
The candidate selected for this position may be eligible for the following employment benefits: employer sponsored health, dental, and vision insurance, 401(k), life insurance, paid vacation, and paid personal time. In addition, we offer career development, education assistance, and voluntary supplemental benefits. Click here (https://careers.commercebank.com/us/en/benefits) to learn more.
Location: 8000 Forsyth Blvd, Clayton, Missouri 63105
Time Type:
Full time
About Us
Commerce Bank has been awarded numerous awards for our company culture. We have been included on distinguished lists such as Forbes' Best Midsized Employers, Forbes' Best Employers for Women, and Korn Ferry's Engaged Performance Award. You'll see the difference for yourself when you join the team.
Why Commerce? (https://www.commercebank.com/careers/about-commerce) Inclusion at Commerce How to Join Our Team (https://www.commercebank.com/careers/how-to-join-our-team)
Want to be notified of positions that fit your preferences?
Follow these easy steps:
Create a Candidate Account at the top of the page by selecting "Sign In" upper right corner
Sign-up up for Job Alerts
We'll contact you about positions that match your skills and interests
Equal Opportunity Employer
Commerce Bank is proud to be an Equal Employment Opportunity employer and believes that every individual should have the opportunity to work at a job for which he, she or they qualifies. We celebrate diversity and do not discriminate based on race, color, ancestry, ethnicity, gender identity, gender expression, sex, sexual orientation, disability (including physical or mental handicap), age, veteran status, military status, national origin, religion, pregnancy status, marital status, genetic information, or any other status protected by applicable federal, state or local law.
Read More
