Senior Product Manager - Unsecured Lending

At U.S. Bank, we're on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career.

Try new things, learn new skills and discover what you excel at-all from Day One.

Job Description

In this role you will drive the success of our current unsecured lending products (Personal Loan, Personal Line, Simple Loan, Wisetack) as well as design new products/partnerships that meet our customer's needs. Success with current products includes driving origination growth, increasing profitability, and meeting or exceeding plan objectives. But you will also have the opportunity to design and launch new products (several of which are in early-stage development), through to launch.

Best candidates have a strong background in product management, P&L management, and a history of successful product launches with regulated banking credit products.

Key Responsibilities:

* Operate as a P&L owner for assigned products. Requires deep expertise of the key drivers of the application funnel, credit losses, expenses, and bottom-line profitability

* Manage the end-to-end product lifecycle and identify product enhancements that increase originations or product profitability through collaboration with marketing, branch sales, and underwriting

* Optimize pricing, promotions, and credit policy to drive originations growth and maximize RAM for existing products

* Conduct competitive intel to ensure product competitiveness and to measure market share trends

* Design and launch new products that meet well defined customer needs and create competitive differentiation for U.S. Bank. Define and communicate the product vision, design, and business case

* Launch new partnerships (e.g. our existing partner Wisetack) that bring incremental unsecured lending distribution opportunities for U.S. Bank

* Work openly and collaboratively as the product owner to ensure all stakeholders including risk, finance, treasury, sales, marketing, and delivery understand the product vision, financial goals, and long-term roadmap

Basic Qualifications

* Product Management experience

Preferred Skills/Experience

* 5-10 years' experience in banking product management, preferably with credit products

* Knowledge of the industry and competitive trends driving unsecured lending growth and market expansion over the past 10 years

* Experience managing product P&L, product strategy, vision and planning, performance measurement and optimization, marketing and analytics, customer centricity

* Strong financial background with demonstrated mastery of the levers that drive credit product profitability

* Ability to anticipate shifting market priorities, internal and external customer needs in a manner that consistently adds value

* Strong customer centricity to implement strategies and techniques used to ensure that customers have a positive experience with the organization's products and services at every touch point

The role offers a hybrid/flexible schedule, which means there's an in-office expectation of 3 or more days per week and the flexibility to work outside the office location for the other days.

If there's anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants.

Benefits:

Our approach to benefits and total rewards considers our team members' whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following:

* Healthcare (medical, dental, vision)

* Basic term and optional term life insurance

* Short-term and long-term disability

* Pregnancy disability and parental leave

* 401(k) and employer-funded retirement plan

* Paid vacation…