Hybrid Deposit Product Manager – Vice President

at Sumitomo Mitsui Banking Corporation – SMBC Group

• Job title: Deposit Product Manager – Vice President
• Job type: Full Time
• Experience level: Lead
• Salary: $115,000 - $150,000 per year
• Degree requirement: Bachelor's Degree
• Location requirements: Hybrid, New York City, United States

About the role

• US Cash Management Senior Deposit Product Manager at SMBC. Overseeing deposit product management and driving business growth in a global financial institution.

Responsibilities

• Responsible for the management, growth, and development of SMBC’s US Cash Management Deposit products and solutions
• Oversee and manage end-to-end Deposit product capabilities, systems enhancements, commercialization and future development
• Close collaboration with internal teams partnering across the organization with Technology, Operations, Sales, Corporate Banking, Treasury, Audit and Finance
• Contribute to the overall success of the US Cash Management business driving business growth while exceeding financial performance targets
• Act as a subject matter expert (SME) in deposit and investment product management across Cash Management
• Understanding of current deposit, investment and liquidity management industry landscape
• Design and develop systems capabilities to support client growth, efficiency and commercialization
• Develop and implement strategies to grow USD deposits, improve client experience and enhance business profitability through improved product capabilities and solutions
• Manage DDA & TD products and capabilities, including account structuring and short-term investments
• Lead project teams in designing and delivering new DDA & TD products and enhancements
• Lead effort to launch new Deposit product system
• Develop client relationships focused on growth across Corporate, Financial Institutions and Japanese Corporate client segments
• Attend or lead client meetings providing deep industry knowledge and expertise driving client solutions and deal generation
• Analyze customer and market data to meet client needs, driving new and unique product capabilities
• Ensure compliance with regulatory requirements related to deposits and liquidity
• Actively oversee, manage and mitigate all risks associated with the deposit system

Requirements

• At least 7-10 years’ experience across Transaction Banking, Cash Management, Liquidity Management, Trade Finance & Working Capital solutions, and/or Corporate Banking ideally within a global organization
• Proven negotiation skills and commercialization capabilities to drive client engagement and deal generation
• Strong track record designing, developing and rolling out best-in-class deposit capabilities and solutions
• Experience driving design requirements, technology implementations, testing et al.
• Experience in working with institutional clients to optimize DDA structures and liquidity management
• Integral knowledge of regulatory requirements impacting deposits while possessing strong risk & controls acumen
• Strong understanding of global markets, monetary policy, cash management and industry trends affecting deposit product management and client engagement
• Demonstrate ability to drive change, influence and deliver results in a fast-paced and dynamic environment
• Experience working in an agile environment with client-backed design based and modern approaches to product conception, design and delivery
• Self-starter with a high level of confidence and experience to drive change and execute as priorities and requirements may quickly evolve
• Excellent interpersonal and communication skills, with a focus on customer-centric solutions

Benefits

• Competitive portfolio of benefits