VP, Liquidity Product Manager-Transaction Banking

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The selected colleague will work at an MUFG office or client sites four days per week and work remotely one day. A member of our recruitment team will provide more details.

Job Posting Title: Senior Product Manager

Hubs: New York and Los Angeles

Job Summary:

Reporting to the Head of the Liquidity Product Management Transaction Banking of Americas (TBA) and focusing on the management and delivery of Transaction Banking Liquidity Products within the United States.   The incumbent will be responsible with the development and management of the strategic goals of the Transaction Banking, with a primary focus on the virtual account management product which aligns within MUFG’s Banks  offering  - on-balance sheet deposit options.

As a member of the Liquidity Solutions Team, the job holder will play a crucial role in all phases of the product and project management including working closely with vendors, technology, sales, product and project managers, and SMEs (i.e., risk, finance, operations, and servicing and delivery teams) to ensure a market leading product is met with strategic vision and succuss criteria.

The job holder will also work closely with Transaction Banking Division (TBD) in Tokyo and other regional Transaction Banking teams to support the regional management of the liquidity products and deposit portfolio by managing platforms, prioritizing global priorities, and setting the global direction for enterprise-wide initiatives. At times, job holder may serve as a liaison between TBA and TBD.

Major Responsibilities:

PRODUCT STRATEGY AND DELIVERY

• Responsible for end-to-end product management and development of a new virtual account management product
• Provides day-to-day support may work alongside the Deposits Product Manager
• Assist client delivery teams with onboarding, and inquiries related to system configuration for customer set-up and user maintenance
• Proactively communicates identified system issues to ensure a seamless product experience for clients
• Produce and monitor monthly reports of key performance indicators to manage and drive P&L revenue target and identify emerging balance and revenue trends
• Participate in vetting sales opportunities
• Support sales in new opportunities and provide on RFPs
• Assist in the creation of strategy presentations which define markets, product design, profitability, alternative systems, operating expenditures, capitalization and other factors
• Serve as a key participant in product life cycle activities such as performing new product/feature approval tasks, drafting marketing and sales support materials, developing operating procedures, and representing the business to operational, project and technology teams
• Leverage solutions across multiple markets to improve time to market, create consistent customer experience and manage delivery of services to attract and retain customers, and respond to changing industry and customer needs
• Support the development of business cases for technology investments
• Coordinate the development and enhancement of the product set between Project Managers, Operations, Client Delivery, IT partners and other stakeholders.  Rollout plans may require weekend/after-hours application testing, as required.
• Maintain awareness of major industry trends and evaluate enhancement opportunities.

PRODUCT RISK MANAGEMENT

• Actively participate in periodic product risk assessments and procedure reviews.
• Proactively identify and address risk issues including remediation of product related audit and/or self-identified issues.
• Strong understanding of regulatory implications on bank liquidity and effects on clients

Experience/Abilities:

• Bachelor’s degree with 6+ years’ experience in product management, operations, service, or business analysis role in the wholesale/transaction banki