SVP, Senior Product Manager

SVP, Senior Product Manager

COMPANY DESCRIPTION : Forbright is a nationwide full-service bank and commercial lender focused on helping to build a brighter future for our clients and the communities we serve. Forbright is committed to exceptional client service by providing seamless, innovative personal banking services to depositors and creative financing solutions to visionary middle market businesses and investors in healthcare, technology, financial services, real estate, and other industries.

COMPANY CULTURE : We are a dynamic, high energy, fun, and fast-paced organization that has an exciting growth trajectory, meaningful mission, and embedded responsible practices into our daily interactions. We offer our team members a culture of collaboration, inclusion, flexibility, recognition, and giving back. We look to hire individuals that are passionate about our mission, and who are motivated, customer and results-oriented, innovative, adaptable, and thoughtful.

COMPANY MISSION : We are a mission-driven institution. We operate a sound dynamic institution that is well capitalized, liquid, profitable and uses best practices to manage risk and assure compliance with laws and regulations. We use Forbrights capital, capabilities, innovation, and expertise to help our clients succeed and contribute broadly to building a brighter future.

JOB SUMMARY : The SVP, Senior Product Manager is responsible for the lifecycle of their assigned products and services. This includes developing, designing, implementing, promoting, and owning deposit, treasury management and payments products that allow profitable deposit growth, operational soundness, regulatory compliance, and exceptional customer experience. This role is responsible for the development, testing, pricing / billing, execution and support of Deposit, Treasury Management, and Payments products.

DUTIES AND RESPONSIBILITIES :

• Translate business strategy into product strategy
• Own the product roadmap
• Execute product strategyby driving action throughout the organization to get products to market
• Plan and carry out product launches
• Provide product marketing with insights on key differentiators and messages
• Define product requirements and coordinate vendor selection when applicable for new products and services.
• Analyze, review and recommend changes as needed to improve existing products
• Maintain strong working relationships with key Bank partners; Work closely with key internal partners to ensure that all aspects of the deposit products and services offered are successful
• Knowledgeable about how the core and ancillary systems work in order to successfully create and implement products and services
• Complete vendor due diligence and risk assessments
• Recommend pricing for products and services to ensure profitability
• Maintain ownership of products and services (review analytics such as adoption rate and profitability) to determine success, challenges, customer satisfaction, profitability and make changes or revisions as needed to meet goals
• Provide periodic training on products to ensure staff awareness
• Stays engaged with the industry to understand and stay current with trends and new products, presenting research findings and using knowledge to build business cases for product enhancements
• Answer questions from front line sales representatives and assist with prospect / client meetings as needed
• Project management, in-depth analytics, presentations, training, third-party vendor engagement, and shaping business and system requirements
• Perform other duties as assigned

QUALIFICATIONS :

The pay range for this position is below. The specific rate will depend on the successful candidates qualifications and prior experience. $120,000 (entry level qualifications) to $150,000 (highly experienced).

POSITION REQUIREMENTS : We are committed to creating an inclusive workplace where all employees are capable of performing their job position. Work is primarily conducted in an office setting while certain positions may allow for remote work through the use of technology at management discretion. The functions described below are representative of those to successfully perform duties of this job. Reasonable accommodations may be made to enable employees to perform the essential functions. While performing duties of this job, the employee may be regularly required for extended periods of time to :

Remain in a stationary position

Use hands and fingers

Utilize a computer monitor with visual acuity

Operate technology or other office machinery such as printers, scanners, etc.

Communicate clearly verbally and / or in writing with others

ADDITIONAL DUTIES : For Forbright Bank to remain efficient and nimble as a growing organization, team members are expected to exhibit a high level of flexibility regarding any duties that may be situationally assigned outside of this job description.

PERKS / BENEFITS :

Comprehensive health, dental, and vision plans

4 weeks PTO

401k + company match

Metro SmartTrip benefits ($50 / mo)

Remote or hybrid work schedules for most positions

Incentives for purchasing solar panels, electric vehicles, biking to work, etc.

Paid subscriptions to Veterans Compost, Capital Bikeshare, Imperfect Foods reimbursement, and more!

Best Workplaces for Commuters 2023 & 2024 winner

The Washington Post Top Workplaces 2023, 2024, and 2025 winner

American Banker Best Banks to Work For 2023 winner

It is the policy of Forbright Bank to provide equal employment opportunities to all qualified individuals and to administer all aspects and conditions of pre-employment and employment without regard to protected characteristics.

Employment with Forbright Bank is at-will, which means that either you or the Company may terminate the relationship at any time.

By applying, you acknowledge that you have reviewed our CCPA Privacy Notice .

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