Consumer Deposit Product Analyst

About MCU

At Municipal Credit Union, we believe that an incredible culture helps create a happy and motivated team that works hard to achieve the best results for themselves and their members. For more than 100 years, MCU has provided affordable financial products and convenient services to a membership base that is now comprised of over 600,000 individuals. With each new generation we have the pleasure of interacting with, we maintain the credit union promise of people helping people.

To help hard-working New Yorkers build better tomorrows

Be New York's most loved financial institution by helping our members build their best financial futures

The Consumer Deposit Product Analyst provides analytics and insights on translating strategic objectives into actionable product initiatives for Consumer Deposit Products and services. The analyst supports the manager to ensure that deposit products reach profitability, priced appropriately, helps with product management lifecycle and strategic objectives.

Specific duties include, but are not limited to, the following:

• Product Development and Management:
  Support Deposit Product manager with the end-to-end lifecycle of Consumer Deposit products, market analysis, design, development, testing, pricing, fees, and ongoing enhancement
• Ensure product offerings are competitive, compliant, aligned with our strategy and member needs. Work closely with Retail to integrate deposit product offering into our full product/services suite
• Product Portfolio Monitoring:
  Monitor and report on product portfolio trends including P&L, Balances, Fee income, Productions, Attrition. Provide corrective action recommendations when performance is not in line with expectations
• Market Research and Analysis:
  Stay abreast of market trends, competitor offerings, and evolving third-party requirements. Use market signals and insights to identify opportunities for new product introductions or enhancements to existing products
• Cross Functional
  
  Collaboration:
  
  Partner with Risk, Retail, Legal, Compliance & Deposit Operations to ensure processes, procedures, policies, and systems are functioning as designed and partner on projects for implementation.
• Knowledge of fundamental regulations governing U.S. retail deposit accounts, payments, and digital banking services, including but not limited to Regulation DD, Truth in Savings, Regulation E, Regulation CC, Bank Secrecy Act (BSA), Patriot Act and Office of Foreign Assets Control (OFAC). Apply this knowledge to ensure compliance, risk management, and proper regulatory reporting
• Perform other related duties as requested and special projects as assigned

Bachelor’s degree (BA, BS, BBA, etc.) required or a minimum of five years directly related experience

Minimum of three years of product management, product development or product marketing experience required

Intermediate Banking knowledge of Deposit Products and services

• Strong reporting, decision making, analytical and problem-solving skills. Highly flexible and able to quickly adapt to changing priorities.
• Highly organized, self-motivated, member oriented and able to proactively work independently as well as within a team.
• Ability to perform in a high-volume environment and meet deadlines while maintaining exceptional attention to detail.

Our Core Values are an integral part of who we are and who we hire. By living our Core Values, every day, we continue to attract the best and brightest talent, achieve unsurpassed results and continuously challenge ourselves to be better than yesterday. These values are at the heart of our organization and within every teammate. To be a great fit, you’ll bring the following

We are passionate about winning.

We proactively anticipate, respond and pivot to ensure MCU wins.

We operate with the highest ethical standards and highest degree of honesty.

We cultivate a culture of inclusion and teamwork.

We take personal responsibility and hold ourselves accountable for the results.

Competitive compensation, medical and dental benefits.

401K with employer…