Senior Product Manager - Unsecured Lending

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 customers’ 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.

Benefits

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 (from two to five weeks depending on salary grade and tenure)

Up to 11 paid holiday opportunities

Adoption assistance

Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

Review our full benefits available by employment status here.

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.

Pay Range: $133,365.00 - $156,900.00

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