Senor Product Manager Savings

Secure Trust Bank Ltd
Solihull, UK
02 Oct 2019
08 Nov 2019
Contract Type
Full Time
At Secure Trust Bank we know innovation is key to our continued success which is why we continually strive to establish and develop new product lines.

We have an new opportunity for an experienced Product Manager to join us and lead the development of our retail deposit business, balancing our customer centric approach with reducing cost of funds.

Reporting to the Group Head of Marketing and with close interaction with the Head of Commercial Development you will be responsible for shaping the direction of the product, distribution and marketing strategy with agreement from the senior leadership team for the Bank's retail deposit taking business.

We don't hire talented people to tell them how to do their job, you will have the autonomy to put your expertise to good use and in return have a tangible impact of the success of the Group.

Key responsibilities
  • Overall responsibility for the Savings element of the cash flow including; analysing historic flows and monitoring current flows, the interpretation and planning of savings requirements within the overall cash flow producing and integrating detailed forwards plans at product level and liaising with Treasury and Finance to ensure the retail savings element is fully represented in the overall cash flow discipline
  • Development of new products and services via the Product and Services Design framework, and the rationalisation of existing ones, providing recommendations in the light of competitor activity, customer demand and our corporate/business needs
  • Implementation within agreed budgets and deadlines, ensuring the risk implications of product development and rationalisation proposals are fully understood and appropriate countermeasures are put in place where required
  • Proposing recommendations on product management and promotional activity for the next planning period
  • Ownership of product Terms and Conditions and their review as well as any associated fees
  • Build the "fact-base" and key insights to determine areas of greatest opportunity
  • Relationship management of key external suppliers, industry bodies and internal customers, particularly the Marketing Team, Customer Services, Treasury, Finance and the Executive Committee

Knowledge and experience
  • Substantial practical marketing experience in a savings product management environment ideally with expert knowledge of ISA's / JISA's
  • Knowledge and understanding of all relevant codes of practice, regulations, legislation and other guidelines, e.g. BCOB & FCA handbook
  • Educated to degree level (or equivalent) with any additional relevant professional qualifications
The Reward
At STB you will not be a small cog in a big wheel, you will have the autonomy to use your skills and experience to drive our business forward and have a tangible effect on our success.

In return you will receive a competitive salary package, car allowance, private healthcare, share save scheme, inclusion in the company bonus scheme and a suite of flexible benefits that you can opt into to suit your lifestyle, from gym membership to discounted holidays and technology purchases.

As a business we celebrate achievement and have a range of generous recognition schemes that reward both individual and team successes. We also offer free fruit, hot & cold drinks throughout the day and have an onsite canteen offering hot and cold food and a pool table to help you unwind during breaks.

We offer excellent in house training and development schemes and a range of external qualifications to enable your progression and career development. Every single member of our team has a personal development plan to help them achieve their goals, whatever their career ambitions.

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