Job description
Purpose of Job This is an Individual Contributor position. You will be responsible for supporting the Deposits and Retail Payments team in building road map strategies for Open Banking.Formulates product/sales strategy recommendations based on analysis of profitability, competitiveness and sales performance for the product life cycle. Compile, analyze and interpret data to make strategic and tactical recommendations or decisions pertaining to sales/product performance. Responsible for defining the business questions and providing insights to improve business performance. Supports the maintenance of existing products and/or may lead in the development and launch of less complex, new products with channel partners.
USAA values a culture that is highly collaborative, and we have found that a hybrid work type helps employees gain the best of both worlds – collaborating in-person in the office and working from home. The actual onsite days are settled between each employee and the employee’s manager.
Candidates are expected to live a commutable distance from one of our offices in San Antonio, TX, Plano, TX, Phoenix, AZ, Tampa, FL, Chesapeake, VA, Colorado Springs, CO or Charlotte, NC. Remote may be considered.
Job Requirements
About USAA
USAA knows what it means to serve. We facilitate the financial security of millions of U.S. military members and their families. This singular mission requires a dedication to innovative thinking at every level.
Primary Responsibilities:
Identifies and handles existing and emerging risks that stem from business activities and the job role.
Ensures risks associated with business activities are efficiently identified, measured, supervised, and controlled.
Follows written risk and compliance policies, standards, and procedures for business activities.
Uses resources to collect analytics, competitive intelligence, and member information to support formulation of product strategy.
Participates in the development of product strategy recommendations.
Develops recommendations to launch new products or sales strategies and the evaluation and decision to buy/build or partner.
Acts as product SME on features and services and collaborates with business partners to provide recommendations.
Partners with phone and digital teams on how to efficiently use sales guides and provides education on products and services, including new offerings and improvements to existing features.
Assists in the identification and evaluation of potential providers for alliance relationships.
Provides support in developing, editing, and distributing product communications.
Conducts research on external market trends/design changes, financials, member information and/or transaction data for assigned products.
Holds responsibility for coordinating with relevant control partners (to include Legal, Compliance, and Risk Management) to ensure product offerings are crafted, implemented, and handled in compliance with all applicable laws and regulations.
Interprets performance results to advise product or sales forecast and planning.
Minimum Qualifications:
Bachelor's Degree in Business, Marketing, Supply Chain, Statistics, or related discipline; OR 4 years of related experience (in addition to the minimum years of experience required) may be substituted in lieu of degree.
6 years of relevant industry experience in Actuary, Underwriting, Marketing or Sales/Service or Finance/Accounting Operations or Financial Services.
2 years of product management, or similar strategic management experience (similar experience includes direct support in managing product performance).
1 year of Data Visualization experience (i.e. Tableau).
Advanced experience in creating product briefings.
Experienced in market research to create product roadmap, make product decisions and iterate rapidly.
Knowledge of applicable product related regulations, and risk and compliance requirements.
Knowledge of federal laws, rules, and regulations to include: FFIEC- Retail Payment Systems Handbook, Payment Rules (NACHA, Zelle, etc.), Reg CC, Reg E, Reg DD.
Preferred Qualifications:
3+ Years in a Bank Product Management role consisting of profit and loss (P&L) responsibilities.
2+ Years’ experience working with third party suppliers.
2+ Years' experience in utilizing data systems to visualize product performance
Demonstrated experience in analyzing product market or competitive conditions.
Working knowledge of one or more of the following: consumer and corporate wires, and/or real time payment services, funds transfer, connected accounts, internal bill pay, deposits
Experience identifying user/product problems and/or successfully evaluating a product’s user impact.
Knowledge of payments laws and regulations.
The above description reflects the details considered necessary to describe the principal functions of the job and should not be construed as a detailed description of all the work requirements that may be performed in the job.
Compensation:
USAA has an effective process for assessing market data and establishing ranges to ensure we remain competitive. You are paid within the salary range based on your experience and market position. The salary range for this position is: $97,200-$175,000 * .
Employees may be eligible for pay incentives based on overall corporate and individual performance or at the discretion of the USAA Board of Directors.
- Geographical Differential : Geographic pay differential is additional pay provided to eligible employees working in locations where market pay levels are above the national average.
Benefits:
At USAA our employees enjoy best-in-class benefits to support their physical, financial, and emotional wellness. These benefits include comprehensive medical, dental and vision plans, 401(k), pension, life insurance, parental benefits, adoption assistance, paid time off program with paid holidays plus 16 paid volunteer hours, and various wellness programs. Additionally, our career path planning and continuing education assists employees with their professional goals.
Relocation assistance is not available for this position.
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USAA is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
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