About Patelco Credit Union:
Patelco Credit Union is a not-for-profit credit union with a purpose to build financial health and wellbeing for our members. Since 1936, Patelco has grown from $500 in assets to over $9 billion in assets and is the 7th largest credit union in California with branches throughout Northern California.
We are here for our members throughout all their stages of life. Meeting them with the products and services to help them plan purposefully for their futures and to secure our life-long partnership as their trusted financial advocate. As one team, we are all committed to delivering service, empowering financial literacy, creating products, and providing new technology for our members.
We believe that work should be rewarding, challenging, and enjoyable. We’re dedicated to creating a positive and supportive culture where our team members can thrive. If you’re looking to use your skills and knowledge to make a difference in our members’ lives, Patelco could be the perfect fit for you
Overview:
The Principal, Deposits is a senior strategic leader responsible for the vision, growth, profitability, and long-term evolution of the organization's deposit portfolio. This role serves as a key advisor to executive leadership and is accountable for developing and executing enterprise deposit strategies that support growth, customer acquisition, funding objectives, profitability, and competitive differentiation.
As a recognized subject matter expert and emerging executive leader, the Principal, Deposits influences enterprise-wide decisions, partners with senior leadership across the organization, and drives initiatives that impact member experience, balance sheet performance, and organizational growth.
Responsibilities:
- Serve as a strategic partner to executive leadership in shaping the organization's deposit growth, funding, and customer engagement strategies.
- Contribute to the development of multi-year business plans aligned with enterprise objectives.
- Evaluate market opportunities, emerging business models, competitive threats, and industry trends to guide organizational strategy.
- Lead large-scale, cross-functional initiatives with enterprise-wide impact.
- Influence executive decision-making through data-driven recommendations and strategic insights.
- Represent the deposit business in executive forums, governance committees, and strategic planning discussions.
- Develop and maintain product-level forecasting models to support deposit growth strategies, balance forecasting accuracy, and inform business planning and decision-making.
- Develop organizational capabilities and operating models that enable sustainable growth and scalability.
- Build strong partnerships with senior leaders across Treasury, Finance, Lending, Digital, Technology, Risk, Compliance, Marketing, and Operations.
- Present business cases, portfolio performance, and strategic recommendations to executive leadership and board committees as appropriate.
- Balance member, financial, regulatory, and operational considerations when making strategic recommendations.
- Act as a trusted advisor on deposit-related matters throughout the organization.
- Develops and executes comprehensive deposit portfolio strategies that drive acquisition, retention, balance growth, and profitability while aligning with enterprise funding objectives.
- Demonstrates deep expertise in deposit pricing, margin management, funding strategies, and portfolio economics.
- Leverages financial analysis and market intelligence to influence pricing decisions, profitability improvement, and balance sheet optimization.
- Translates market insights into actionable product and business strategies that strengthen competitive differentiation.
- Understand and comply with all applicable federal and state laws and banking regulations (including those related to OFAC and Bank Secrecy Act / Anti-Money Laundering compliance) and Patelco Credit Union's policies and procedures.
Qualifications:
Minimum Qualifications
- 10+ years of progressive experience in credit unions, banking, financial services, product management, treasury management, or related disciplines.
- Leadership experience managing strategic business initiatives with enterprise impact.
- Demonstrated success influencing senior executives and leading large, cross-functional programs.
- Deep understanding of deposit portfolio management, pricing strategy, customer acquisition, profitability management, and funding objectives.
- Experience developing strategic business cases and influencing investment decisions.
- Strong executive communication and presentation skills.
- Experience presenting to executive leadership, ALCO, management committees, or board-level stakeholders.
- Experience managing business line strategy, financial performance, or P&L accountability.
- Experience leading organizational transformation, digital modernization, or enterprise growth initiatives.
Physical Activities/Requirements
- This role is based in Dublin HQ
Target Base Pay:
$137,485 - $171,866 / yr
Compensation at Patelco:
Please note that the salary information is a general guideline only. Patelco Credit Union considers factors such as (but not limited to) scope and responsibilities of the position, candidate's work experience, education/training, key skills, internal peer equity, as well as market and business considerations when extending an offer. We offer a competitive total rewards package including a Short-Term Incentive (STI) program for all regular positions and a wide range of medical, dental, vision, financial, and other benefits.
We Offer:
Physical Health:
- Exceptional Medical, Dental, Vision, and Life Insurance benefits
- Onsite fitness center at HQ and rewards for completing wellness-related activities
Financial Health:
- Competitive compensation packages with bonus opportunity
- 401(k) with 3% Safe Harbor and 5% employer match
- Discounts on loan products
- Tuition reimbursement
Emotional Health:
- Employee Assistance Program (EAP)
- PTO for part-time and full-time positions
- Paid holidays
Personal Development:
- On-the-job training and skills development
- Internal transfer opportunities for career growth
- Volunteer work
Flexible work arrangements available for specific positions
Patelco Credit Union is an Equal Opportunity Employer including individuals with disabilities and protected veterans
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