Director of Deposit Operations

Ford Motor Credit Company ("Ford Credit”), has received regulatory conditional approval to form Ford Credit Bank (the "Bank") to be headquartered in Salt Lake City, Utah. The Bank will create innovative and simplified banking solutions to help customers across the country finance the purchase of new Ford vehicles, parts, accessories, and software and earn competitive rates on FDIC-insured savings accounts and certificates of deposit. The Bank will be a direct and wholly owned subsidiary of Ford Motor Credit Company (“Ford Credit”), an indirect wholly owned subsidiary of Ford Motor Company (“Ford”).  

In this position…

This individual will be the Bank’s Head of Deposits and deposit strategy. Primarily responsible for oversight and management of the bank’s deposit strategy with a focus on building new digital deposit initiatives. Will work closely with the executive team to develop the bank’s deposit strategy and ensure that appropriate efforts are made to ensure the banks goals are met within the framework of the approved deposit plan. 

 

What you'll do…

• Development, strategy, management, and marketing of Deposit Account products 
• Implement strategy digital deposit products program for the Bank 
• Establishes new deposit products or industry niches and develops a marketing/sales plan to execute with goals of establishing industry expertise and driving deposit portfolio growth 
• Collaborates with Ford Credit and Ford in the development and marketing of lending products to ensure full integration of deposit banking activities within the organization 
• Banking deposit strategic planning working in concert with CEO and CFO 
• Prepare and present reports to the Board of Directors as requested 
• Serves on Bank committees as appropriate (i.e. ALCO, Pricing Committee, etc.) 
• Additional duties as assigned by the CEO 
• Responsible for deposit banking activities including setting goals and strategies for deposit production, pricing, profitability, diversification, liquidity metrics, concentration management, regulatory compliance, and risk management 
• Work with deposit vendors and product teams to ensure optimal customer experience  
• Measure and actively work to improve customer Net Promoter Score 
• Assist ALCO with deposit pricing and growth strategy 
• Interface with the Bank’s regulators including the FDIC and Utah Department of Financial Institutions, take the lead on deposit related exam questions and responses 
• Travel approximately 20% of the time 

You'll have…

• Bachelor’s degree from an accredited four-year college or university in business administration, finance or related field required, advanced degree in banking or related field 
• 10+ years in Deposit strategy required 
• 10+ years of management experience 
• Strong written, verbal, presentation, and organization skills 
• High emotional intelligence with proven ability to motivate, mentor and coach others 
• Effectively and self-sufficiently solves problems with effective results 

Even better, you may have…

• Successfully interact with and influence senior leadership, including executive management 

As part of the Ford Credit Bank family, you’ll enjoy excellent compensation and a comprehensive benefits package that includes generous PTO, retirement, savings and stock investment plans, incentive compensation and much more. You’ll also experience exciting opportunities for professional and personal growth and recognition. 
 
If you have what it takes to help us redefine the future of mobility, we’d love to have you join us! 
Candidates for positions with Ford Credit Bank must be legally authorized to work in the United States. Verification of employment eligibility will be required at the time of hire. Visa sponsorship is not available for this position. 
 
We are an Equal Opportunity Employer committed to a culturally diverse workforce. All qualified applicants will receive consideration for employment without regard to race, religion, color, age, sex, national origin, sexual orientation, gender identity, disability status or protected veteran status. 

This position is an LL5

For more information on salary and benefits, https://fordcareers.co/LL5

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