Senior Director, Bank Deposit Products

This role will be part of the Ameriprise Bank Deposit Products group. Ameriprise Bank is a fully digital bank that launched in 2019.

It is a fast-growing start-up within Ameriprise Financial. We seek a strong and experienced banking industry leader to help continue to expand and grow our Bank Deposits business.

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The position will lead complex product development projects and initiatives and be responsible for the successful launch and marketing of new products.

The individual will recommend, develop and implement plans to improve product features, service, sales, marketing, processes, policies and procedures.

This individual will develop plans and drive the successful positioning and promotion of Bank deposit products within the organization and with the sales teams and advisors in order to help grow the Bank deposit business.

Responsible for representing the product line in the business and with key business partners.

Responsibilities :

• Lead a matrixed team responsible for the completion of the design, build, and launch of new bank deposit products, including collaborating on the client and advisor experience components as well as servicing and other BAU processes.
• Provide leadership and expertise on banking regulatory / compliance rules and ensure product development, terms and conditions meet all requirements.
• Collaborate with other team members on recommendations for and / or enhancements to existing products related to features, service, sales, marketing, processes, polices, forms and procedures based on research and analytics to identify client / advisor needs, marketplace opportunities and competitive gaps.
• Lead large scale projects and drive results through these projects.
• Act as product subject matter expert on cross-organizational projects.
• Review and communicate business and sales metrics and collaborate with other team members to make recommendations to increase deposit product balances.
• Collaborate with key partners across the organization to ensure that the Cash products’ value proposition is represented within the organization and advisor channels (i.

e. sales teams, marketing, training, field reporting, financial planning, etc.).

• Lead across the organization to enhance advisor and client experience. Resolve complex advisor / client issues.
• Lead team of product managers to create and maintain a product reference guide that includes all relevant product documentation, product rules, disclosures, account agreements, marketing materials and client letters.
• Recommend, update, and oversee policies and procedures that ensure prudent risk management within the product line.
• Keep up to date on competitive environment for Bank Deposit products and use competitive environment as basis for product management recommendations.

Required Qualifications :

• Bachelor’s degree.
• 10+ years progressive career experience, with a minimum of five years’ product management experience in the financial services industry.
• Financial Services product development and management experience; Bank Deposit Product (Savings, CDs, Checking) or Bank Operations subject matter expertise.
• Expertise in bank regulatory and compliance.
• Demonstrated track record of partnering with technology and PMO to successfully develop and launch bank deposit products.
• Strong people and project leadership experience.
• Strong organizational skills and detail oriented.
• Ability to make connections across information sources to drive effective decision-making.
• Strong analytical and problem-solving skills using data to identify trends and opportunities.
• Strong relationship, negotiation and influencing skills.
• Experience working cross functionally with technology, operations, compliance, legal, sales and marketing.
• Proven track record of driving results.
• Project management experience.

Preferred Qualifications :

• Experience working in an Agile environment.
• Experience launching new products.
• Experience building business cases and using data to provide quantitative analysis supporting recommended approaches.
• Knowledge of investment advisor-based sales environment.
• Ability to work three days per week in office, or travel monthly, or as needed, to Minneapolis if located remotely.

About Our Company

We’re a diversified financial services leader with more than $1 trillion in assets under management and administration as of 2022.

Our team of 20,000 people in more than 20 countries, advise and manage assets and income of more than 2 million individual, small business and institutional clients.

We are a longstanding leader in financial planning and advice, a global asset manager and an insurer. Our unwavering focus on our clients and strong financial foundation connects each of our unique businesses - Ameriprise Financial, Columbia Threadneedle Investments and RiverSource Insurance and Annuities.

Here, we foster meaningful careers, invest in the future, and make a difference for clients, institutions and communities around the world.

Ameriprise Financial is an equal opportunity employer. We consider all qualified applicants without regard to race, color, religion, sex, national origin, genetic information, age, sexual orientation, citizenship, gender identity, disability, veteran status, marital status, family status or any other basis prohibited by law.

Full-Time / Part-Time : Full time

Exempt / Non-Exempt : Exempt

Job Family Group : Marketing / Product Management

Line of Business : BANK Bank

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