Job Description
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**Regular or Temporary:**
Regular
**Language Fluency:** English (Required)
**Work Shift:**
1st shift (United States of America)
**Please review the following job description:**
Create, develop, lead, and leverage strategies to maximize the growth of all Truist Business Deposit products and balances for clients $2MM and above in sales size through innovative product development, standard/promotional rate management, client acquisition, client retention and client engagement strategies as well as managing risk associated with the acquisition and management of all deposit products, including checking, savings, money market accounts, and Certificate of Deposit(s). Develop, drive and leverage strategies to acquire, grow and retain deposit balances through leadership of product development programs and integration of deposits into the Commercial Community Bank sales model, including the integration of acquisition and retention strategies with the Commercial Community Bank, Corporate and Institutional Group, Private Wealth Management, Corporate Liquidity Product Sales, Lending, Card Services, Merchant Services, Treasury Solutions Sales Delivery, Pricing Analytics and Proposal Management, Association Services and Truist Digital Channel.
**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. Proactively create, oversee and direct strategic product, sales, and operations management of Business deposit checking, savings, money market accounts, sweep solutions, and Certificate of Deposit(s).
2. Monitor competitive landscape and coordinate with partner lines of business to ensure the Business deposit product suite is best in class.
3. Integrate strategies across all areas including Commercial Community Bank, Healthcare/Higher Education/Government (HHG), Corporate and Institutional Group, Private Wealth Management, Treasury Services, Treasury Solutions Sales Delivery, Association Services and Truist Digital Channel.
4. Lead the development and implementation strategies, methods and programs based on research to continuously improve the profitability, marketing, sales, service, operations, and client satisfaction of all Business deposit products.
5. Lead, manage, develop and retain a team of Product Managers who oversee the development and execution of Business strategy from product ideation, system development, partner sales training, materials creation, product launch, rate setting and product performance analysis.
6. Partner with Finance and other business stakeholders to establish rate strategies for both interest rates and earnings credit rates (inclusive of standard and promotional rates) to help manage the deposit and fee income portfolios.
7. Coordinate with line of business partners and Corporate Treasury driving the growth of deposit balances while managing interest expense, client/balance acquisition and retention.
8. Partner with Finance, colleagues, and leadership on deposit plan/forecasts, rate analysis, and daily/weekly/monthly trends.
9. Develop and execute on Business deposit account acquisition and retention strategies to improve deposit growth, and increase portfolio balances and profitability through collaboration with Treasury Solutions Sales Delivery (Small Business Banking, Business Banking, HHG, Corporate Banking, Investment Banking, Wealth Management, Commercial Real Estate, Regional Sales), , Pricing Analytics and Proposal Management, , Small Business Deposit Product Management and all Business Enablement Teams.
10. Manage and oversee the risk strategy of the Business deposit portfolio by serving as first line of defense. Oversee and evaluate products and processes in relation to risk assessments and ensure product compliance and risk aversion through system optimization, data quality, and client satisfaction.
11. Partner with Risk Management, Corporate Compliance, Legal, and outside counsel to ensure adherence to corporate governance policies and regulations in an ever-changing environment.
12. Serve as subject matter expert and represent Business Deposits while participating in strategic projects. Represent Business Deposits as needed on special projects and initiatives related to sales, service, marketing, operations, quality, growth, profitability, and acquisition and retention of deposit products, including engagement with senior and executive leadership across CCB, Wealth, CIG, HHG, other lines of business, senior level and Executive Management.
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. Proven excellent leadership skills with ability to influence others without direct authority. Present recommendations to decision makers, including executives, that may change direction based on information provided
2. Ten years of experience in banking, financial strategy or financial services and 5 years of experience specifically in product management and development. Excellent verbal and written presentation skills with strong attention to detail while focusing on strategy and high-level opportunities
3. Strong financial management, relationship management and integration skills including financial and analytic skills, including statistical interpretation
4. Strong knowledge of core Truist businesses and segments including knowledge of key systems and systems integration
Preferred Qualifications:
1. Master's degree in Business, Finance, Marketing or related discipline, or equivalent education and related training or experience
2. Fifteen years of experience in banking, product management, financial strategy, or financial services.
**General Description of Available Benefits for Eligible Employees of Truist Financial Corporation:** All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist's generous benefit plans, please visit our Benefits site (https://benefits.truist.com/)
. Depending on the position and division, this job may also be eligible for Truist's defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.
**_Truist is an Equal Opportunity Employer that does not discriminate on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status, or other classification protected by law. Truist is a Drug Free Workplace._**
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