Head of Deposits Product Development

The Head of Deposits Product Development is a critical leadership role responsible for driving the strategic development, management, modernization, and innovation of the bank's consumer deposit product portfolio. This role leads product strategy while serving as a key business leader in the convergence and transformation of deposit platforms, ensuring product, operational, and technology capabilities are aligned to support future growth, operational excellence, and an industry-leading customer experience.

The successful candidate will lead cross-functional teams to deliver innovative product solutions, core modernization initiatives, and enterprise-wide deposit transformation programs that differentiate the bank in a competitive landscape.

• Lead the strategic alignment and convergence of deposit products, processes, and servicing capabilities across core banking platforms to create a unified customer and operational experience.
• Partner with Technology, Operations, Digital, Enterprise Architecture, and Transformation teams to define and execute deposit core modernization and conversion initiatives.
• Drive product rationalization, standardization, and simplification efforts during mergers, acquisitions, system integrations, and core platform transformations.
• Ensure deposit product capabilities, pricing structures, disclosures, servicing workflows, and operational processes are aligned across legacy and target-state platforms.
• Establish and maintain a strategic roadmap for deposit platform evolution, balancing customer experience, operational efficiency, regulatory requirements, and business growth objectives.
• Lead business requirements definition, prioritization, and acceptance criteria for deposit system enhancements, conversions, and platform migration activities.
• Identify opportunities to leverage modern core capabilities, APIs, real-time processing, and fintech integrations to enhance deposit product offerings and accelerate speed to market.
• Partner with Risk, Compliance, and Legal teams to ensure successful execution of deposit transformation initiatives while maintaining regulatory compliance and operational resilience.
• Define and monitor key performance indicators related to platform conversion readiness, product migration success, customer retention, operational efficiency, and post-conversion performance.
• Serve as the business executive sponsor for enterprise deposit transformation programs, ensuring alignment between product strategy, customer outcomes, and technology investments.

• Develop recommendations for distinctive, comprehensive banking product development strategy aligned with the organization’s vision and growth objectives.
• Lead the design and execution of innovative products that meet evolving customer and market needs; oversee the development lifecycle of new and existing products.
• Stay ahead of industry trends, competitive movements, and emerging technologies to maintain a competitive edge; identify cutting edge digital and fintech solutions to improve distinction and customer experience.
• Enhance and revamp the existing product suite to maximize profitability and customer engagement.
• Define and track KPIs to measure product success, including revenue growth, customer adoption, and operational efficiency.

• Presents with excellent verbal and written skills. Shares relevant knowledge and information and listens to understand others.
• Gains support and commitment from others through being diplomatic and using tact to achieve outcomes. Persuades and impacts the thoughts and actions of others. Gains support for ideas, proposals,…