Truist Financial

Liquidity Product Manager - (Wealth)

Truist Financial • $110K — $130K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in a related field or equivalent experience
  • 5+ years in financial services or consulting with a focus on product management
  • Strong skills in product design and development
  • Familiarity with Treasury Solutions products
  • Excellent analytical and problem-solving abilities
  • Effective communication and presentation skills
  • Proficiency in Microsoft Office applications

Responsibilities

  • Plan and coordinate activities for the product portfolio to meet objectives
  • Manage product direction through ongoing assessment of products and pricing
  • Develop and evaluate opportunities for new products and market strategies
  • Support new product development following established processes
  • Maintain product profit and loss and business plans with market insights
  • Provide regular product line update reports
  • Encourage continuous improvement and assess opportunities for change
  • Develop pricing strategies and analyze market data
  • Forecast product volume based on trends and business plans
  • Prioritize development and promotional projects in collaboration with sales
  • Support sales through client interactions and proposal development
  • Monitor competition and market forces affecting the product line
  • Mentor junior product associates and analysts
  • Adhere to policies and escalate issues to senior leadership

Benefits

  • Comprehensive health and wellness programs
  • Retirement savings plans with employer matching
  • Professional development opportunities
  • Flexible work arrangements
  • Employee assistance programs
Full Job Description
Responsible for the strategic and tactical management of Wealth's deposit portfolio, including the development, growth, optimization, and ongoing management of deposit products and solutions designed to meet the needs of Wealth clients and advisors. The Product Manager is accountable for the full product lifecycle, including portfolio strategy, market assessment, product development, commercialization, advisor enablement, pricing, profitability, sales support, risk management, and performance monitoring. This role partners closely with Wealth, Treasury Solutions, Sales, Operations, Technology, and Risk teams to deliver competitive deposit solutions that deepen client relationships and support the strategic objectives of the Wealth business. Essential Duties and Responsibilities Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time. 1. Plan, promote, manage and coordinate activities for assigned product portfolio and ensure synergy with related product line managers to meet objectives. 2. Manage product line direction through ongoing assessment of current products, pricing, and position. 3. Systematically develop and evaluate opportunities for new products and/or lines extensions; identify new target markets and related strategies. 4. Support development of new products and/or line extensions as required pursuant to pre-established product development processes. 5. Manage development, execution and maintenance of product profit and loss and product family business plan that provides current market information, including sales and gross profit margin history, year to date actuals and projections, key market position, sales channels and competitive strategies, pricing, market share, and product lifecycle and evolution plans. 6. Provide and/or present monthly, quarterly and annual product line update reports, as directed. 7. Encourage continuous process improvement by developing ways to assess and maximize opportunities for change. 8. Manage development of clear pricing strategies, discount structures, and guidelines for all sales channels and target markets; analyzes market data, competitive data, segment data, revenue/cost/profitability data and product/product line strategy. 9. Manage development of volume forecasts based on historical trends, market environment, business plan and pricing strategy impacts. 10. Participate in the prioritization of development and promotional projects for the product line and partnership with sales partners. 11. Support sales through joint sales calls to key clients; proposal/bid volume pricing, development assistance; trade show support and conference calls. 12. Maintain awareness of the competition and other market forces affecting the product line, through effective networking and research. 13. Act as a mentor to junior product associates and analysts. 14. Adhere to and follow all applicable policies and procedures; proactively escalate issues and risks to senior leadership's attention. Qualifications Required Qualifications: The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. 1. Bachelor's degree in related field or an equivalent combination of education and related work experience. 2. 5+ years of relevant financial services or consulting firm experience, working on teams with responsibility for strategic planning, product management, sales force effectiveness and industry analysis. 3. Strong product management, design and development skills. 4. Knowledge of Treasury Solutions products and applications. 5. Strong analytical and problem solving skills. 6. Ability to interact with senior management and clients. 7. Strong verbal, written communication and presentation skills. 8. Strong financial and competitive analysis skills. 9. Demonstrated proficiency in basic computer applications such as Microsoft Office software products. Preferred Qualifications: 1. Master's degree in Business Administration. 2. In-depth and broad knowledge of Treasury Soltuions products and applications. 3. Certified Treasury Professional (CTP) designation and/or Accredited Automated Clearing House (ACH) Professional (AAP) certifications. 4. Creative problem solver; demonstrated marketing and research skills.

About Truist Financial

Truist Financial Careers

Join the dynamic team at Truist Financial, a leader in the financial services sector, and propel your career to new heights. At Truist Financial, we offer more than just job opportunities; we provide a platform for professional growth and innovation in an environment that values diversity and leadership.

Why Truist Financial?

At Truist Financial, we are committed to building a diverse and inclusive workplace where every team member is empowered to contribute their unique skills and perspectives. We believe that our strength lies in our diversity, and we are dedicated to fostering a culture that embraces the differences that make each of us unique.

Explore a World of Opportunities

Whether you're seeking your first internship or a seasoned professional looking to advance your career, Truist Financial offers a range of employment opportunities across various disciplines. Our team is growing, and we are constantly looking for talented individuals who are eager to make an impact.

Innovate and Lead

Join us and be part of a culture of innovation where your ideas can help shape the future of banking. At Truist Financial, you’ll work alongside industry leaders and have access to cutting-edge resources that foster continuous professional development and innovation.

Develop Your Career

Truist Financial is deeply invested in the career progression of our employees. We offer robust training programs, including leadership development and diversity training, to ensure you have the tools needed to succeed. Our commitment to your growth is reflected in our comprehensive benefits package, designed to support you both professionally and personally.

Networking and Professional Development

Enhance your professional network and connect with like-minded colleagues through our various networking events and community engagement initiatives. At Truist Financial, we believe in the power of connections and the impact they can have on your career.

Join Our Team

Ready to take the next step in your career? Explore the current job openings at Truist Financial. We are hiring across multiple departments, looking for passionate, curious, and innovative individuals to join our team. Check out our available positions and find the one that best matches your skills and interests.

Prepare for Your Interview

Make a great first impression. Visit our Careers page for tips on how to craft a compelling resume and succeed in your interview at Truist Financial. We are excited to see how you can contribute to our team and help us drive the future of banking.

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Learn more about Truist Financial
Size
50,283 employees
Market Cap
$56.6 billion
Industry
5 Year Trend
+14.3%
NASDAQ

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