DEPOSIT PRICING MANAGER
WHAT IS THE OPPORTUNITY?
This Position will work closely with stakeholders across City National Bank to create, manage and communicate pricing strategy, product vision and strategic road map.
This position will report to the Head of Product for Consumer & Small Business (CSB) and will be a part of the CSB Product leadership team.
What you will do
- Develop CNB's deposit pricing strategy based on a data-centric approach supported by a robust understanding of CNB's business fundamentals
- Follow an analytics-based pricing approach with a "test-and-learn" methodology to continually refine and enhance pricing
- Evaluate competitive analysis, market trends and emerging technologies
- Fully utilize both internal data and survey data to develop segment-based strategies
- Collaborate with the Lines of Business and Marketing to develop pricing promotions
- Drive and foster a Risk Management centric culture of accountability and control
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Must-Have
- Bachelor's Degree Business, Finance, Accounting or related
- 10+ years pricing background, preferably including pricing deposits for High Net Worth clients
- 3+ years of management experience
Skills and Knowledge
- Demonstrated experience managing and collaborating with multiple teams, coordinating across different cross-functional initiatives, and reaching consensus with diverse stakeholders.
- Advanced understanding of pricing fundamentals and frameworks
- Strong financial analysis background / understanding of product profitability, including modeling the financial impact and break-even for pricing alternatives
- Experience managing direct and cross-functional teams including coaching and development of junior team members
- Master's Degree preferred (in Business or quantitative field such as Finance, Economics, Physical Sciences, Math, Statistics, Engineering)
- Process oriented, with strong analytical capability
- Excellent written and verbal communication skills, experience communicating with all levels of an organization
- Demonstrated experience managing and collaborating with multiple teams, coordinating across different cross-functional initiatives, and reaching consensus with diverse stakeholders.
- Excellent judgment and independent decision-making ability.
Compensation
Starting base salary: $127,626 - $237,014 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.
To be considered for this position you must meet at least these basic qualifications
The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.
Benefits and Perks
At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues. Get an inside look at our Benefits and Perks.
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT
City National Bank is an equal opportunity employer committed to diversity and inclusion. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or any other basis protected by law.'
ABOUT CITY NATIONAL
We start with a basic premise: Business is personal. Since day one we've always gone further than the competition to help our clients, colleagues and community flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues to drive phenomenal growth today. City National is a subsidiary of Royal Bank of Canada, one of North America's leading diversified financial services companies.
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