Product Manager III – Consumer Lending

Product Manager III – Consumer Lending

Requirements

• Bachelor’s degree, or equivalent work experience
• 7 years’ proven marketing, product management, financial, operations and/or project management experience

Responsibilities

• Sets strategic direction for assigned Consumer Lending product lines, and presents business plans to senior management and employees.
• Responsible for sales and sales channel strategy.
• Directly responsible for product pricing cost structure, as well as product risk. Responsible for all product financials including revenue planning and product profitability.
• Review new developments in company markets, evaluating and recommending new services or new products, or the modification of existing services or products. Evaluate new product/services success; implement and manage changes in service or marketing strategy.
• Manage all aspects of new product implementation and existing product modification to include but not limited to the design and development of services, portfolio acquisition and process improvements; act in a liaison capacity with affected departments.
• Review new developments in company markets, evaluating and recommending new services or new products, or the modification of existing services or products.
• Establish marketing objectives; work with other Bank departments to develop effective programs to sell services/products.
• Evaluate new product/services success; recommend changes in service or marketing strategy. Recommend product pricing, understanding the cost structure.
• Ensure product/services are marketable, profitable and comply with legal and regulatory requirements.
• Maintain an awareness of new trends and developments in marketing and company products and services.
• Understand and adhere to the Company’s risk and regulatory standards, policies and controls in accordance with the Company’s Risk Appetite. Identify risk-related issues needing escalation to management.
• Promote an environment that supports diversity and reflects the M&T Bank brand.
• Maintain M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable.
• Complete other related duties as assigned.

Preferred Qualifications

• 3-5 years of Product Manager experience
• Banking, finance, and/or consumer lending experience
• Experience or working knowledge with consumer lending products such as boat, auto, and RV loans, personal loans, secured loans, etc.
• Analytical experience is ideal – ability to manipulate and analyze a dataset in order to provide insights, trends, etc.