Product Manager - Deposits

At Stearns Bank, we’re helping people, entrepreneurs, small businesses, and local communities nationwide reach their full financial potential. Sound like something you want to be a part of? If so, we’re currently looking for a Product Manager – Deposits to join our team! This is a fully remote position. 

Come see how we’re doing business unusual and charting our own path to reimagine a more inclusive financial services and banking ecosystem for all.

Benefits

Stearns Bank understands and respects that everyone is managing unique career, family, and wellness needs. That’s why we offer industry-leading benefits to employees to help them live healthy lives and bring their full selves to work every day. Benefits may vary for part-time positions. Some of those benefits include:

• Employee Stock Ownership Plan & 401k Plan with Employer Match
• Healthcare (Medical, Dental, Vision, Telehealth, Life insurance)
• 12-week Paid Medical Leave
• Paid Parental Leave: 21-weeks Primary Care Parent, 14-weeks Secondary Care Parent
• $5,000 Family Care Reimbursement: Childcare, Elder Care, Student Loan Debt, Pet expenses, down payment assistance
• $1,000 Self Improvement Allowance
• PTO from 13 to 23 days depending on tenure. Cashout and Carryover options.
• 10 Days Sick Time
• 11 Paid Holidays
• 4 Days Volunteer Time
• 2 Days Self Allowance Time
• Tuition Assistance

For this position, we anticipate an annual salary between $100,000 - $130,000. Final employment offers will be dependent upon the selected candidate’s relevant qualifications and experience.

JOB SUMMARY

Stearns Bank, a mission-driven Minority Deposit Institutions (MDI) with deep roots in community banking, is seeking an experienced and results-oriented Product Manager of Deposits. In this critical role, you will be a key member of the Product Management team and support initiatives related to modernizing digital banking capabilities and developing innovative deposit products that align with our community-first values, while supporting our growth objectives. You will be at the forefront of advancing Stearns Bank’s digital transformation to meet the evolving needs of individuals, small businesses, and underserved communities. You will work cross-functionally with Sales, Marketing, Technology, Fintech, External Vendors, and Data teams to identify solutions, drive profitability, improve product competitiveness, enhance operational simplicity, and eliminate friction as well as uncover new opportunities for our customers and staff. You will partner closely with our teams and will have the autonomy to test new ideas with the product team and continuously learn.

Your contributions will shape the bank’s ability to grow deposits sustainably while delivering exceptional value to customers, empowering economic development, and strengthening Stearns Bank’s mission of building strong communities through financial inclusion and innovation. 

Key Responsibilities

• Responsible for supporting and managing the design, pricing, digital enhancements, and launch of competitive deposit products, including checking accounts, savings accounts, CDs, and money market products, tailored to meet the unique needs of each of Stearns’ client segments. 
• Responsible for supporting and managing existing digital product capabilities including, Online Account Opening, Online Donations & Round-up, Round-up Savings, Financial Literacy tools, Credit monitoring, ID Protection, Card & Direct Deposit Switch, and Positive Pay.
• Drive new and existing digital solutions and enhancements that meet the unique needs of our customers, including Equipment Finance, Commercial Real Estate Developers, Small Businesses, Non-profits, Islamic Banking, Consumers, and more.
• Support the Product team’s partnership with Fintechs and technology vendors to integrate efficient innovative solutions, ensuring scalability and compliance with banking regulations.
• Monitor, analyze, and report digital adoption rates, customer satisfaction and engagement metrics, driving continuous improvements in service delivery and user experience.
• Ensure a seamless, customer-focused experience across digital and physical touchpoints, meeting the expectations of modern banking customers while maintaining the personal connects Stearns Bank is known for. 
• Support Product team KPIs related to deposit growth, digital adoption, and customer retention to support the bank’s objectives. 

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