Head of Consumer Bank Portfolio Management

This is a fully remote position, open to applicants in New York.

📋 Description

• Take ownership of the consumer deposit portfolio's economics across various products and segments, focusing on cost of funds, strategic mix, deposit growth, retention, and margin.

• Define the multiyear strategy for deposit pricing and management.

• Manage the rate strategy for standard pricing, promotional offers, and exception pricing.

• Deliver rate recommendations to pricing governance forums and executive stakeholders.

• Oversee the consumer deposit portfolio's P&L, including interest expenses, net interest income, contributions from products and segments, and performance relative to plans.

• Set up interest expense attribution and ensure reconciliation with Finance and Treasury.

• Manage deposit balance and rate forecasts, retention projections, assumptions, and scenario analyses.

• Develop a forecasting capability that is controlled by the function.

• Lead insights and analytics related to price elasticity, behavioral segmentation, competitive market insights, and portfolio reporting.

• Direct data science and modeling efforts for deposit behavior, rate sensitivity, retention, and balance migration.

• Create portfolio performance frameworks that monitor cost of funds, acquisition, augmentation, and attrition.

• Build and guide the function encompassing pricing, P&L management, forecasting, and insights and analytics.

• Establish strong accountability with Finance, Treasury, and enterprise data teams.

• Manage talent effectively, which includes hiring, performance evaluations, development, disciplinary actions, succession planning, and compliance.

• Undertake special projects and additional responsibilities as needed.

• Ensure compliance with relevant laws, regulations, and policies.

⛳️ Requirements

• Bachelor's Degree (4 years or equivalent), or relevant work experience.

• 12+ years of experience in deposit pricing, treasury, balance sheet management, or a related finance field.

• Proven leadership in pricing, P&L management, forecasting, and analytical tasks for a consumer deposit portfolio.

• Strong understanding of deposit economics, including cost of funds and net interest income.

• Experience managing a portfolio P&L, including interest expenses, net interest income, contributions from products and segments, and variance to plans.

• Ability to oversee balance and rate forecasts, scenario construction, and supporting analysis.

• Direction of analytical work, encompassing price elasticity, behavioral segmentation, modeling, and performance analysis.

• Proficient in deposit pricing across various products and segments.

• Experience presenting pricing and forecasting recommendations to executive teams and governance forums.

• Proven experience in building and leading a multidisciplinary function that covers pricing, forecasting, and analytics.

• Willingness to travel occasionally.

• Capacity to adhere to regulatory and compliance policies and standards.

• Advanced degree in finance, economics, statistics, or a related quantitative field is preferred.

• Experience in banking or financial services is preferred.

• Background in establishing deposit portfolio management, P&L, or analytical functions is preferred.

• Familiarity with interest expense attribution or funds transfer pricing logic is preferred.

• Knowledge of deposit behavioral modeling and price elasticity is preferred.

🏝️ Benefits

• Medical insurance

• Dental insurance

• Vision insurance

• Life insurance

• Disability insurance

• Comprehensive leave program

• Variable incentives, bonuses, commissions, or other awards may be included in total compensation