Product Manager - Vice President
Company: MUFG Union Bank
Posted on: April 5, 2021
MUFG is committed to the safety and well-being of our
colleagues, clients, candidates, and the community as we manage the
current COVID-19 pandemic. During this time, as we continue to
recruit and hire exceptional talent to join our team, we are taking
the necessary precautions to limit in-person contact, aligned with
Federal, State, and local health recommendations and requirements.
All interviews are being conducted remotely via Skype, FaceTime, or
phone. Additionally, we have implemented remote on-boarding for new
colleagues, as appropriate. Thank you for your interest in
exploring career opportunities with MUFG. Are you passionate about
creating an exceptional client experience? Discover your
opportunity with Union Bank--, a division of the Mitsubishi UFJ
Financial Group (MUFG), the 5th largest financial group in the
world. At Union Bank, we have our clients' best interest in mind
and draw on more than 160 years of experience to understand their
distinct needs to tailor our solutions. We're part of 180,000
colleagues around the globe striving to be the world's most trusted
financial group, knowing that trust starts with a culture of
putting people first and empowering you to achieve your potential.
Join Union Bank, where being inspired is expected and creating
results is rewarded. Job Summary: Reporting to the Retail Product
Manager, responsible for the product development and revenue
management for retail products (small business or consumer).
Support retail bank growth strategy to acquire households and
deepen relationships to build balances and optimize product
profitability. Major Responsibilities:
- 15% Develop product strategy for retail products (small
business or consumer). Leverage existing capabilities and identify
product gaps based on competitive assessment and opportunities.
Responsible for ensuring the product strategy is aligned with the
Retail Bank strategies. Works closely with business banking
administration, commercial product managers, retail banking product
managers, marketing, deposit operations and servicing.
- 60% Responsible for managing the existing product line and the
development and launch of new products, features, and
functionality. Manages the revenue stream for assigned products
used by retail customers. Manages the product profitability and
develops tactics to improve profitability and performance through
product design and pricing discipline. Measures and tracks the
financial performance volumes against established goals and works
closely with Retail Deposit Portfolio Management. Responsible for
competitive market research, analysis of competitive and market
forces and ongoing assessment of internal strengths and weaknesses.
Develop pricing recommendations. Ensure the product development and
enhancements comply with the bank's Product Development Policy
(PDP) Responsibilities and Requirements. Determine training gaps
and lead efforts with Training to address needs. Has a key role in
managing the IT systems development of new and enhancement of
existing products. Has key responsibility in managing the project
from conception to implementation.
- 15% Responsible for working with the Marketing team to develop
marketing plans for retail products (consumer or small business) to
drive acquisition or retain existing households.
- 10% Project coordination activities with other product managers
through the Bank for Product or Service adaptation for retail
channel, new product or process changes for retail,
training/communications, billing methods/processes/pricing schemes.
- BA is strongly preferred. MBA is a plus.
- Requires a minimum 5+ years of direct work experience as a
product manager in a financial services organization.
- Must have direct work experience in developing and driving
product initiatives from start to finish, from recommendation to
- Strong analytics, strategic and critical thinking and customer
empathy are required.
- Effective teamwork, interpersonal and organizational
- A comprehensive understanding of product and project management
- Proven ability to interact and influence executive management.
Requires excellent verbal and written communication and
- Requires computer skills (MS Word, Excel, Outlook, and
PowerPoint). The above statements are intended to describe the
general nature and level of work being performed. They are not
intended to be construed as an exhaustive list of all
responsibilities, duties, and skills required of personnel so
classified. We are proud to be an Equal Opportunity / Affirmative
Action Employer and committed to leveraging the diverse
backgrounds, perspectives, and experience of our workforce to
create opportunities for our colleagues and our business. We do not
discriminate in employment decisions on the basis of any protected
category. A conviction is not an absolute bar to employment.
Factors such as the age of the offense, evidence of rehabilitation,
seriousness of violation, and job relatedness are considered in all
employment decisions. Additionally, it's the bank's policy to only
inquire into a candidate's criminal history after an offer has been
made. Federal law prohibits banks from employing individuals who
have been convicted of, or received a pretrial diversion for,
certain offenses. We are committed to ensuring that our online
application process provides an equal employment opportunity to all
applicants, including individuals with disabilities. If you are an
applicant with a disability, or are assisting an applicant with a
disability, and require accessibility assistance or an
accommodation to apply for one of our jobs, please submit a request
by telephone at 1-866-275-4717 or email us at AskHR@us.mufg.jp .
Include your contact information and specific details about your
requested accommodation. We are proud to be an Equal
Opportunity/Affirmative Action Employer and committed to leveraging
the diverse backgrounds, perspectives and experience of our
workforce to create opportunities for our colleagues and our
business. We do not discriminate in employment decisions on the
basis of any protected category.
Keywords: MUFG Union Bank, Irvine , Product Manager - Vice President, Executive , Irvine, California
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