Portfolio Planning and Forecasting Product Manager III in Cleveland, OH at Key Bank- Corporate

Date Posted: 10/31/2018

Job Snapshot

  • Employee Type:
    Full-Time
  • Location:
    100 Public Square
    Cleveland, OH
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:
    10/31/2018

Job Description

The Checking Engagement Product Manager reports to the Consumer Payments Engagement Leader and is accountable for management of Debit Card and Checking portfolio planning, P&L forecasting and reporting in Key’s Retail Bank. Key areas of ownership will include forecasting and planning of KeyBank’s Checking balances, interest income, and units along with Debit Card transactions, spend, interchange and units. This role will champion all Checking and Debit Card portfolio insights and performance reporting in addition to identifying and planning strategic opportunities to improve P&L performance. Partnering closely with the Savings Product Management Team, this role will represent checking products in deposit pricing committees and manage interest rate alignment between the Checking portfolio and the Savings portfolio. This role will partner closely with other Product Managers to drive the planning, development, and implementation of checking portfolio initiatives, serving as the lead for developing associated business cases.

ESSENTIAL JOB FUNCTIONS

 Accountable for checking portfolio and debit card P&L including forecasting and delivery of associated financials. Sets and manages both drivers and outcomes of performance (financial and behavioral)

 Identifies risk and opportunities within the portfolio, proactively building the case for alternative strategies and tactics to minimize any identified risks to P&L performance.

 Facilitates annual strategic planning process within Key’s Consumer Payments group, focused on financial planning, business case development and prioritization of strategic initiatives. Acts as Consumer Payments team lead for coordinating all activities related to forecasting and strategic planning.

 Owns competitive data and benchmarking for the Consumer Payments group including evaluation of new sources and management of existing external sources. Proactive utilizes insights to recommend opportunities for portfolio and P&L growth to senior management.

 Leads monthly portfolio review meetings with Product Managers and Finance teams. Operationalizes monthly business reviews, reporting and scorecards to highlight LOB performance and recommendations to senior management.

 Responsible for creating, managing and reporting on intra-month forecasts (i.e., daily, weekly) for Deposit balances, interest income, units and Debit Interchange.

 Partners closely with the Debit Card and Checking Product Managers to design and implement growth strategies to increase client engagement, retention and satisfaction.

 Owns the development of all detailed business cases to support new Checking and Debit Card related initiatives. Following implementation, accountable for monitoring the resulting performance to evaluate successful implementation of projects.

 Lead efforts , in conjunction with Savings Product Management Team to recommend and align on interest rate pricing strategies for interest bearing checking products, while identifying rate sensitive areas of checking portfolio and developing associated client treatment plans.

 Manage profitability drivers of new checking and debit card related products and services to ensure they meet profitability hurdles, responsible for maintaining and updating product profitability of existing consumer payments products and services.

 Lead cross functional teams including KTO, Sales, Marketing & Banking Analytics, Branch and Call Center Operations and Legal and Compliance to develop new reporting and forecasting capabilities and deliver timely outputs to teams.

 Ensure full adherence with product policies to ensure all legal and compliance obligations are met; oversight of consumer disclosures; conducts risk management testing and remediation efforts as appropriate.

REQUIRED QUALIFICATIONS

 Bachelor’s degree in Business or Finance or Accounting preferred  

 5+ years experience in finance, product management, or analytics preferred

 Strong financial and analytical acumen with experience forecasting outcomes (financial or behavioral)

 Demonstrated experience working with Balance Sheet and Income Statements

 Working knowledge of Deposit interest rate pricing strategies, beta management and FTP Pricing

 Working knowledge of CCAR annual stress testing for deposits and corporate Balance Sheet risk management

 Advanced experience with Microsoft Excel

 Experience manipulating data via SAS/SQL/R preferred

 Experience with Financial accounting and reporting tools.

 Proven ability to drive projects from concept to rollout in cooperation with various business units and third parties

 Self-starter and team player with a structured approach to achieve tight timelines on complex deliverables

 Working knowledge of Retail Banking products and segment needs

 Ability to work on multiple projects at once and prioritize delivery based on key objectives.

COMPETENCIES/SKILLS

Business Acumen: Knows how businesses work; knowledgeable in current and possible future policies, practices, trends, and information affecting his/her business and organization; knows the competition; is aware of how strategies and tactics work in the marketplace.

Interpersonal Savvy - Relates well to all kinds of people, up, down, and sideways, inside and outside the organization; builds appropriate rapport; builds constructive and effective relationships; uses diplomacy and tact; can diffuse even high-tension situations comfortably.

Drives for Results: Can be counted on to exceed goals successfully; is constantly and consistently one of the top performers; very bottom-line oriented with a relentless focus on execution; steadfastly pushes self and others for results.



ABOUT KEY:
KeyCorp's roots trace back 190 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation's largest bank-based financial services companies, with assets of approximately $134.5 billion at March 31, 2017. Key provides deposit, lending, cash management, insurance, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of more than 1,200 branches and more than 1,500 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications, and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. KeyBank is Member FDIC.

ABOUT THE BUSINESS:
Key Community Bank serves individuals and small to midsized businesses from Maine to Alaska through our 15-state network of over 1,200 branches, 1,500 ATMs, telephone banking and robust online and mobile platforms. KeyBank’s Consumer/Business Banking segment provides consumers and small business owners with straightforward banking solutions and personal finance expertise that helps them make confident financial decisions today and plan for tomorrow. Key Private Bank offers wealth planning that follows a consistent, disciplined approach guided by objective advice based on each unique situation. KeyBank Commercial Bank offers midsize business financial services that drive growth and profitability and help business owners identify new opportunities with products and services including deposit, cash management, investment services, commercial lending, equipment leasing, and asset-based lending.

FLSA STATUS:Exempt

KeyCorp is an Equal Opportunity and Affirmative Action Employer committed to engaging a diverse workforce and sustaining an inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.

JobID: 30321BR

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