What are the responsibilities and job description for the Lead Product Manager - WIM Banking Deposits position at Wells Fargo?
About this role:
Wells Fargo is seeking a Lead Product Manager - WIM Banking Deposits to join our Banking, Lending, & Trust (BL&T) group within Wealth & Investment Management (WIM). As part of the WIM Deposits team, you will be responsible for the development and management of our banking products, pricing, and portfolio performance. You will work with WIM Banking leaders, relationship managers, and cross-functional partners to ensure seamless delivery and service of banking solutions to WIM affluent and high-net-worth clients. You are an action-oriented business manager who is able to triage issues, analyze data and complex challenges, develop strategies and tactics, communicate effectively, and execute collaboratively. You are a self-starter motivated to carry initiatives to successful completion on time and on budget. Learn more about the career areas and lines of business at wellsfargojobs.com.
In this role, you will:
- Be responsible for ongoing product and pricing management of checking, savings, and CD solutions to serve the banking needs of WIM affluent and high-net-worth clients
- Conduct analysis of segment needs, competitive environment, and industry trends across a range of dimensions including product positioning, features, performance, pricing and profitability, process, policy, and promotions
- Develop, implement, and manage deposit product features, pricing strategies, and related non-marketing client materials
- Develop, implement, and manage processes, controls, and policies necessary for the correct functioning of the product portfolio
- Develop and lead complex initiatives, such as new products/enhancements, acquisition/retention programs, client alignment programs, or product/portfolio risk management
- Ensure products and programs adhere to regulations and policies; oversee product risk management to ensure effective controls, meet deliverables, and drive new initiatives
- Partner with WIM Banking leadership and relationship managers (e.g., bankers, banking coordinators, banking services) to promote deposit balance and revenue performance, client acquisition and retention, and delivery of product experience
- Work closely with cross-functional partners within WIM and across the enterprise (e.g., Compliance, Control, IRM, Legal, Finance, Product/Agile, Marketing, Operations, Technology) to ensure products and programs are effectively executed and supported
- Be a subject matter expert and thought leader on the deposits business and banking needs of the high-net-worth segment
Required Qualifications:
- 5 years of Product Management, product development, strategic planning, process management, change delivery experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Desired Qualifications:
- Experience in Wealth Management or other Financial Services
- Knowledge and understanding of deposit products, payments, and/or banking operations
- 2 years of Deposit Pricing experience
- Ability to develop partnerships and collaborate effectively with other business and functional areas
- Ability to develop data-driven analysis, insights, and recommendations
- Ability to exercise independent judgment and creative problem-solving techniques
- Ability to successfully manage multiple initiatives simultaneously and quickly shift between topics and activities based on critical business priorities
- Excellent verbal, written, and interpersonal communication skills, with the ability to effectively communicate with all levels of the organization
- Experience with Agile product development, Agile-based tools, and business requirements analysis and documentation
- Proficient in Microsoft PowerPoint and Excel; knowledge of Tableau is a plus
- A BS/BA degree or higher in business administration, finance, or accounting
Job Expectations:
- This position offers a hybrid work schedule
- Ability to travel up to 10% of the time
- This position is not eligible for Visa sponsorship
Job Locations:
- 550 Tryon Charlotte, NC 28202
- 550 S 4th ST, Minneapolis MN, 55415
- 8115 Preston Rd, Dallas TX, 75225
- 2710 Pine St BLDG E, St Louis MO, 63103
Pay Range
Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to achievements, skills, experience, or work location. The range listed is just one component of the compensation package offered to candidates.
$84,000.00 - $149,400.00Benefits
Wells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed below. Visit Benefits - Wells Fargo Jobs for an overview of the following benefit plans and programs offered to employees.
- Health benefits
- 401(k) Plan
- Paid time off
- Disability benefits
- Life insurance, critical illness insurance, and accident insurance
- Parental leave
- Critical caregiving leave
- Discounts and savings
- Commuter benefits
- Tuition reimbursement
- Scholarships for dependent children
- Adoption reimbursement
Posting End Date:
13 Feb 2025*Job posting may come down early due to volume of applicants.
We Value Diversity
At Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law.
Employees support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit’s risk appetite and all risk and compliance program requirements.
Candidates applying to job openings posted in US: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.
Applicants with Disabilities
To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo.
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Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.
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