PRODUCT MANAGER III
WHAT IS THE OPPORTUNITY
The Product Management function includes the following responsibilities
Develops manages and owns products and programs that support corporate defined strategies and initiatives and contribute to the banks competitive edge in the marketplace.
Creates new products to increase market share. Develops and enhances strategic products to meet the banks profitability goals. Provides direction and support relative to product design enhancement research pricingfeesprofitability implementation analysis reporting and performance. Product Management is an ongoing cycle. It begins with analysis of needs and opportunities leading to product development. Once the product is developed colleagues must be trained policies and procedures developed pricing and positioning established and marketing materials created. Subsequently product tracking occurs followed by analysis and recommendations to enhance the product to provide better service to clients or to be more competitive in the marketplace. Product Management coordinates and manages the formulation and implementation of all activities for a specific product or product line from conception to marketplace performs economic and market research and analysis provides product documentation and training and serves as technical advisor on matters concerning the designated product andor product line.
WHAT WILL YOU DO
Manage assigned productsproduct lines.
Identify evaluate and implement measures to improve product performance profitability competitiveness and accountability.
Identify evaluate and implement opportunitiesneeds for product enhancement and development. These opportunities may be identified through regular market and competitor analysis performed by the product group solutions developed as the result of client needs suggestions from the line or Product Review Committee PRC or that meet a specific bank initiative or new client niche.
Prepares reports and analyses on assigned productsproduct lines and presents to Bank Management PRC ALCO etc. on a regular basis. Focus of reportsanalyses may be market or competitive issues special economic and risk factors pricing product strategy profitability etc.
Keep up to date on competition regulation marketplace and internal and external issues related to assigned products.
Develops information materials on product features benefits requirements pricing and services and prepares and executes training seminars as needed. Includes Marketing One-Sheets and annual fee increase training.
Review product pricing on an annual basis for all assigned products. Make recommendations and implement including disclosure training and colleague communication.
Monitors development activities relating to meeting product objectives budget quality standards and schedule.
Recommends and implements programs to minimize costs ensure optimum output and maintain quality. Advises on the solution of technical problems priorities and methods.
Participates in product evaluation provides recommendations for changes and revisions as required.
Serves as product expert for a variety of issues - adviceguidance on sales How to position and sell product" operational support for technical product issues etc.
Manage Product Management portion of acquisition conversions -- product mapping check orders product analysiscomparisons Welcome to CNB" package support IRG support etc.
Represents the Bank by actively participating in outside civic and community affairs business and industry-related organizations and other professional activities as appropriate.
Fosters and maintains good relationships with colleagues to ensure that processes are integrated to support expected customer service levels. Acts as business partner by managing expectations and providing guidance and advice regarding assigned product.
It is the individual responsibility of every employee to maintain a current awareness and understanding of appropriate banking laws regulations internal policies and procedures and to comply fully with those laws regulations policies and procedures.
WHAT DO YOU NEED TO SUCCEED
Required Qualifications
Minimum 5 years of product management experience required.
Minimum 3 years of financial industry experience required.
Minimum 3 years of experience managing medium to large projects required.
Additional Qualifications
Bachelors Degree or equivalent experience
Excellent organizational problem solving analytical planning and scheduling skills
Strong leadership and negotiation skills
Extensive industrybusiness knowledge
Excellent verbal and written communication skills as well as strong presentation skills
Proven experience in demonstrating initiative in creating and maintaining positive business relationships with various unit managers
Project management experience with the ability to concurrently manage multiple projects and timeframes is necessary
Excellent verbal and written communication skills necessary to prepare comprehensive reports make presentations and communicate with all levels of Bank management.
Proficiency in Excel Word and PowerPoint are essential
Access and other advanced programs would be beneficial.
WHATS IN IT FOR YOU
Compensation
Starting base salary 92114 - 156880 per year. Exact compensation may vary based on skills experience and location. This job is eligible for bonus andor commissions.
Benefits and Perks
At City National we strive to be the best at whatever we do including the benefits and perks we offer our colleagues including
Comprehensive healthcare coverage including Medical Dental and Vision plans available the first of the month following start date
Generous 401k company matching contribution
Career Development through Tuition Reimbursement and other internal upskilling and training resources
Valued Time Away benefits including vacation sick and volunteer time
Specialized health and family planning benefits including fertility benefits and cancer diabetes and musculoskeletal support programs
Career Mobility support from a dedicated recruitment team
Colleague Resource Groups to support networking and community engagement
Get a more detailed look at our Benefits and Perks.
ABOUT US
Since day one weve always gone further than the competition to help our clients colleagues and communities flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity community and unparalleled client relationships continues today. City National is a subsidiary of Royal Bank of Canada one of North Americas leading diversified financial services companies. To learn more about City National and our dynamic company culture visit us at About Us.
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT
City National Bank fosters an inclusive environment where all forms of diversity are valued and leveraged to make us a better company and employer. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race color religion sexual orientation gender identity national origin disability veteran status or other basis protected by law.
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
Represents basic qualifications for the position. To be considered for this position you must at least meet the required qualifications. careers.cnb.com accepts applications on an ongoing basis until filled.
Unless otherwise indicated as fully remote reporting into a designated City National location is an essential function of the job.