Webster Bank

MD Product Owner Banking System (Online Commercial)

Webster Bank$170K — $196K *
Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's Degree or equivalent experience in a related field.
  • 10+ years in Product and IT Application management.
  • Sound knowledge of information reporting and digital channels for commercial clients.
  • 10-11 years in complex software development, with 5 in a supervisory role.
  • 5-7 years managing teams in the assigned business domain.

Responsibilities

  • Lead enhancements, migration, upgrades, and new product configurations for the commercial online application.
  • Manage vendor relationships, ensuring compliance with SLAs and planning initiatives accordingly.
  • Collaborate on resource and systems capacity planning for application development teams.
  • Guide both operational and change aspects of the commercial online application.
  • Conduct comparative analysis to recommend IT solutions for organizational improvements.
  • Facilitate requirements analysis activities for assigned projects.
  • Represent customer interests by leveraging market research to enhance customer value.

Benefits

  • Robust development opportunities for career growth.
  • Commitment to a people-first workplace culture.
  • Emphasis on integrity, collaboration, accountability, agility, respect, and excellence.
  • Inclusive hiring practices that consider all qualified applicants.
Full Job Description
Strategic IT Product Leader with deep expertise in defining and delivering technology solutions for the Commercial Business Line. Skilled in translating complex business needs into scalable, high-impact product enhancements and solutions. Leads cross-functional teams through the full product lifecycle-from requirements definition and root cause analysis to solution design, implementation, and continuous improvement. Provides clear direction, prioritization, and leadership to ensure initiatives are delivered on time, within budget, and aligned with business objectives

What you will do
  • Lead a commercial online application for the bank and participate in all aspects of the application - enhancements, migration, upgrades, new product configurations, new product implementations etc.
  • Manages vendor relationships to ensure compliance with agreed upon SLA Also, understand the vendor roadmap, and accordingly plan the initiatives with-in bank including budget, app support, controls, access management, etc. Leads design, build and test planning phases for medium to large scope enhancements and projects.
  • Works with Manager for resource and systems capacity planning and estimation efforts for the applications development team to which assigned. Participates in budgeting exercise for the department.
  • Lead both Run and Change side of the commercial online application.
  • Use comparative analysis techniques to evaluate and recommend overall IT solutions for client/organization. Provide consulting services to internal business groups and peers on process improvement projects designed to improve business and IT results.
  • Leads team in the requirements analysis activities for the projects to which they are assigned.
  • Customer Centricity and understanding customer needs -- As the internal representative (Voice) of the customer, continually leverage market research and trends to be able to provide best customer value.
  • Coordinates production releases with internal and external partners. Manages associated risks effectively by producing appropriate risk mitigation plans.
  • Provides consistent, accurate and timely updates to team members and management as to the status and issues surrounding projects and tasks.
  • Interacts with IT and PMO Senior Management on application level as well enterprise wide project planning and execution. Creates and tracks project plans as necessary.
  • Responsible for satisfactory internal and external audits of systems by ensuring compliance with Bank's policies such as IT Governance, Info Security and more.
  • Reviews and generates all the necessary documentation
  • May utilize requirement management tools.
  • Represents the application team in Change Control meetings.
  • Analyzes impacts and shares information between the team and Change Control Board meetings as necessary.

Skills and Abilities
  • Knowledge and understanding of information reporting and digital access channels ( e.g. web, mobile, file delivery, SWIFT and API) is required.
  • Ability to lead the product enhancements, data migrations, new product implementations in agile way will be a plus.
  • Excellent and proven interpersonal skills to include: verbal, written and technical communication skills.
  • Skilled problem solver that is very detail oriented.
  • Working knowledge of cash and treasury management services is a must for this role.
  • Strong knowledge of programming and software development practice

Education Qualifications
  • Bachelor's Degree or equivalent experience in a directly related field.
  • 10+ years of experience in Product and IT Application management space, with the sound knowledge of information reporting and digital/online channel for commercial clients.

Experience Qualifications
  • 10-11 years of complex software development experience, 5 of which were in a supervisory capacity required
  • 5-7 years experience managing teams supporting their assigned business domain required


The estimated salary range for this position is $170,000.00 to $196,000.00. Actual salary may vary up or down depending on job-related factors which may include knowledge, skills, experience, and location. In addition, this position is eligible for incentive compensation.

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About Webster Bank

Webster Bank is a regional bank that provides personal and business banking services to customers in Connecticut, Massachusetts, Rhode Island, and New York. The bank was founded in 1935 and is headquartered in Waterbury, Connecticut. Webster Bank has over 3,400 employees and operates over 150 branches. The bank offers a range of financial products and services, including checking and savings accounts, loans, mortgages, and investment services. Webster Bank is committed to supporting the communities it serves and has a strong focus on corporate social responsibility.
Learn more about Webster Bank
Size
3,245 employees
Market Cap
$8 billion
Industry
Net Income
$220.6 million
5 Year Trend
+2.8%
NASDAQ

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