Consumer Product Performance Partner - Personal Loan, ProfitabilityWarwick, Rhode Island
As an employee of Citizens Bank you become a part of an organization committed to serving customers, colleagues and communities in which we do business. Citizens Bank is an established and successful financial services company with national presence and the ability to conduct business globally. We are committed to offering comprehensive and competitive benefits, encouraging our colleagues to develop and grow their careers, and providing a fiscally sound and stable work environment while delivering to our customers.
Citizens Consumer Deposit and Lending’s mission has long been delivering the simplest, fastest, most hassle-free banking experience in the U.S.The Citizens Consumer Unsecured Lending & Cards is a diverse and rapidly growing business line that includes personal lending, merchant finance and credit cards. This group is a shining star for CFG that has earned high levels of NPS and profitability, and as a result sits on the cutting edge of our business evolution.Our innovative strategy involves partnering with a variety of FINTECH solutions to meet our clients advanced needs.
We are currently seeking a talented versatile colleague to join Citizens Bank as a Product Manager in the Personal Loan group.The role requires an individual with a strong combination of strategic thinking and project management experience, combined with an analytical mindset.The individual must have strong partnership skills with groups such as Credit Risk, Pricing & Profitability, Marketing, Technology, Legal, Risk, and Compliance, and will use those relationships to build a solid foundation for product enhancements.
The person entering this role must have a keen eye on profitability and how to maximize loan revenue while keeping the customer experience at the core of all decisions.They must be able to analyze data and trends to find underlying drivers, and work with partner groups to drive business decisions to improve financial performance. This may include enhancements to pricing or credit functions, loan application processes, or operational components to create efficiencies.
Examples of scope of responsibilities include:
- Partnering with pricing and credit risk teams to monitor trends within customer segments to identify risk and ensure pricing is aligned with front book origination profiles
- Lead cross-functional teams of business line partners to execute projects and initiatives focused on creating a more profitable product
- Meet with senior retail leadership to drive results by delivering and updating presentations on profitability of both front-book originations and overall portfolios
- Review and analysis of Tableau reporting on credit and originations trends to uncover opportunities to improve financial performance
- Driving expense-centric projects through vendors and automation to reduce overall cost basis for origination and servicing
- Documentation of requirements for new initiatives such as risk-based model implementation
Success in this role will be found through creation of strong partnerships with partner lines of business, successful project implementations, and improving overall portfolio profitability.The colleague must be proactive in their approach, comfortable with discussions at all levels of the organization, able to manage multiple priorities, and able to work well with internal departments to drive success.The individual will be able to translate product and industry trends to support sales goals and reduce friction in the loan process at each step.They must be aware of compliance and regulatory requirements and keep in line with risk expectations at all times.
From a career development perspective, there are many options that exist including advancement within the unsecured product organization and movement to another product line or division of the bank.
·P&L experience and leadership in identification of drivers
·Sales and sales management
·Training of product benefits
·Ability to think creatively to build sales tools that will drive results
·Working collaboratively with team members across LOBs and staff areas
·Analytical Thinking/Problem Solving
·Demonstrated personal passion in the pursuit of better solutions for our customers
·Ability to analyze operational and financial data
·Exceptional communication skills with the ability to design and author communications
·Pride of ownership of problems, proposals and solutions
·Excellent time management skills for effectiveness in fast-paced, dynamic environment
·Performing competitor/industry research
·Excellent end-to-end problem solving skills and ability to prioritize issues and analysis
·Strong interpersonal and influencing skills
·Advanced PowerPoint and Excel skills
·5+ years Financial Services Sales, Consumer Lending or FinTech experience preferred
Hours and Work Schedule
Hours per Week: 40
Work Schedule: Monday - Friday 8:00 am to 5:00 pm
Why Work for Us
At Citizens, you'll find a customer-centric culture built around helping our customers and giving back to our local communities. When you join our team, you are part of a supportive and collaborative workforce, with access to training and tools to accelerate your potential and maximize your career growth.
Equal Employment Opportunity
It is the policy of Citizens Bank to provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to race, color, ethnicity, religion, gender, pregnancy/childbirth, age, national origin, sexual orientation, gender identity or expression, disability or perceived disability, genetic information, citizenship, veteran or military status, marital or domestic partner status, or any other category protected by federal, state and/or local laws.
Equal Employment and Opportunity Employer/Disabled/Veteran
Citizens Bank is a brand name of Citizens Bank, N.A. and each of its respective subsidiaries.