Director Retail Product Management Auburn Hills or Dallas

Company: Comerica Bank
Location: Auburn Hills
Posted on: January 15, 2021

Job Description:

WelcomeWe invite you to explore the award-winning culture, people, rewards and opportunities that make Comerica Bank so special. Make your next career choice a confident one.QualificationsPosition QualificationsBachelor's degree from an accredited university15 years of retail product knowledge and development experience10 years managing a professional staff10 years budget management experience5 years vendor management experienceJob DescriptionDirector Retail Product ManagementThe Director Retail Product Management role will be responsible for strategically guiding and managing the Retail Product Management department, which includes the responsibility for product development, project management, pricing discipline, strategic partnerships and risk management; while maintaining a focus on bottom line revenue. The role will include Corporate Deposits, Consumer & Small Business Loans, and Payment products.Position CompetenciesSuccessful incumbents are customer focused, drive for results, executive savvy/influence management, have decision quality and the ability to problem solve, will need strategic agility, managerial courage, presentation skills/public speaking, relationship building and risk astute.Position ResponsibilitiesProduct ManagementDrive strategy to enable capabilities in support of business scope and customer need.Develop, implement, and manage all retail and small business banking products.Ensure nationally, all products are marketable, competitive, and profitable.Oversee the development and implementation of new product concepts, the enhancement of existing products for consumer and small business.Oversee and direct the work of product managers, ensuring that individual products are integrated into an effective group of products, for which pricing is appropriate and corporately aligned, product activation rates are acceptable, and profitability is appropriate.Annual P&L responsibility for $24B deposit portfolio, $2B loan portfolio, and $115 - 185MM in non-interest income.Corporate-wide deposit interest rate and exception pricing responsibility for $57B portfolio.Vendor ManagementPartner with third party vendors, negotiating service expectations and pricing, third party risk assessment and ensuring the effective delivery of products through the vendors.Manage the risk in delivery, ensure compliance with all regulatory and corporate requirements; and monitor for expected execution.Risk ManagementDrive accountability that addresses and reduces inherent risk before implementation of initiatives. Including, but are not limited to, product, process and sales strategy initiatives.Ensure proper execution of bank policies and procedures to avoid unacceptable regulatory, reputational and financial exposure.Monitor and ensure proper controls are in place to identify and mitigate operational risks that may lead to unacceptable regulatory, reputational or financial exposure. This includes proper vendor management, technology and information life cycle management and broad execution within Retail Bank operations. Staffing and DiversityExercise the usual authority of a manager concerning staffing, performance appraisals, promotions, salary recommendations, and terminations.Ensure a diverse composition of product teams, task forces, committees and project teams that create solutions and resolutions.Business Process ManagementEnsure documented process to govern the operations of product management.Oversee the coordination of operations required for efficient delivery of the products.Oversee the appropriate alignment of Comerica's products and its distribution channels.About ComericaWe know that our employees are critical to our overall success. We are dedicated to investing in their future to maintain long-term relationships for lasting commitments. One of the ways we do this is to offer a comprehensive package of compensation and benefits programs which are regularly reviewed to maintain them at competitive levels. Your salary will be commensurate with your work experience.Upon offer, Comerica conducts a comprehensive background check, fingerprint check and a drug test.NMLS certification requirement: where applicable, a favorable background check screening, credit check, fingerprint check, and NMLS certification is required in accordance with the SAFE Act.Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned by the Business Bank, the Retail Bank, and Wealth Management. Comerica's more than 9,000 colleagues focus on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico.Comerica is proud to be an Equal Opportunity Employer - veterans/individuals with disabilities, committed to workplace diversity.Job SummaryWork Hours: 8:00am - 5:00pm Monday - FridayWork Location(s): Comerica Bank Tower, Oaktec Building

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