Retail Product Manager, Vice President
The Product Manager role will be responsible for a single product and/or portfolio of products. This role will lead the development and implementation of strategy for assigned product(s) as well as the management of related projects. This would include the product design and development, pricing, profitability, product enhancements, competitive positioning and integration into sales planning. This role may include team leadership responsibility.
Position Competencies
Successful incumbents are well organized, able to resolve issues, and identify items needed for the successful completion of projects, have negotiation skills, drive for results and public speaking/presentation skills.
Position Responsibilities
Product Management
- Develop and implement product strategy.
- Develop recommendations for products and/or product enhancements.
- Manage product pricing related to interest rates and fees.
- Manage competitive positioning and integration into sales process.
- Manage performance within key financial metrics
Project Management
- Lead project planning process.
- Form and managed project teams across department and/or Bank.
- Lead implementation and delivery within agreed upon parameters
Vendor Management
- Lead contract negotiation process.
- Manage the day to day relationship with vendor.
- Monitor SLA's
Analytics/Metrics
- Evaluate financial performance versus key metrics.
- Monthly reporting and analysis.
Risk Management
- Keep current on regulatory environment and suggest changes as needed to maintain compliance.
- Manage vendor risk management assessments
Team Leadership
- Subject matter expert that leads a small group of co-workers on specific strategic initiatives and/or projects.
Position Qualifications
- Bachelor's degree from an accredited university
- 6 years of experience in banking/financial service
- 5 years of experience in project management
- 3 years of experience in product management
- 4 years of experience in vendor management
- 4 years of experience in budget planning including profit and loss
- 3 years of experience utilizing Microsoft Office Products
Category C - Days in the office will either be designated days or will vary week to week from 2-5 days
8:00am - 5:00pm Monday - Friday
To Be Determined Based on Individual Experience
About Comerica
We know our employees are critical to our overall success and we are dedicated to investing in their future. One of the ways we do this is to offer a comprehensive Total Rewards package designed to recognize and reward individual performance, as well support health, well-being, development and security for our colleagues and their family. Total Rewards consists of cash compensation, development and flexible benefit programs designed to meet individual needs today and in the future. Your salary will be commensurate with your work experience and our programs are reviewed regularly to ensure each remain competitive. We are proud to offer benefits such as health and welfare programs, strong retirement benefits, and generous paid time off programs. You and your eligible family members, including domestic partners and their children, can participate in medical, dental, and vision benefits, 401(k) and pension, income protection benefits such as life insurance, AD&D, and supplemental health programs to offset unexpected health care expenses. We also have a variety of time off programs for things like vacation, sick time, disability, and parental leave. Eligibility for some programs varies based on employment status and tenure.
Upon offer, Comerica conducts a comprehensive background and fingerprint check.
NMLS certification requirement: where applicable, a favorable background check screening, credit check, fingerprint check, and NMLS certification is required in accordance with the SAFE Act.
Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned into three major business segments; the Commercial Bank, the Retail Bank, and Wealth Management. Comerica's colleagues focus on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico.
Comerica is proud to be an Equal Opportunity Employer - veterans/individuals with disabilities, committed to workplace diversity.
