Deposit Product Manager

Usalliance Financial; Chelmsford (MA); On-site; USD 83,000 - 106,000; Full time

Benefits offered by this job

Hybrid schedule

401K with match

Paid time off

Wellness time

Mentorship programs

Inclusive culture

Job summary

USALLIANCE Federal Credit Union is seeking a Deposit Product Manager in Chelmsford, MA to lead the development, enhancement, and ongoing management of deposit products. You will use member feedback, market insights, and data to improve performance, experience, and efficiency, while driving frontline sales through training and materials.

The role collaborates with Finance and a Deposit Product Analyst to evaluate pricing, profitability, and growth opportunities, ensuring compliant and scalable

Qualifications

• 4+ years of experience in retail banking covering product lifecycle
• Knowledge of checking, savings, CDs, HSA/HDSA, rates, fees and profitability
• Ability to analyze market research, pricing and performance metrics
• Strong cross-functional leadership and communication skills

Responsibilities

• Lead the development and management of deposit products and member experiences.
• Conduct market research to identify trends and opportunities.
• Review feedback and metrics to improve product, policy, and experiences.
• Develop business cases and roadmaps to support growth objectives.
• Collaborate across teams to improve operations and enrollment journeys.
• Own product P&L and profitability of all deposit products.

Skills

Cross-functional leadership

Analytical skills

Product lifecycle

Pricing analysis

Education

High school diploma

Bachelor's degree in Finance/Marketing/Business

Job description

If you are unable to complete this application due to a disability, contact this employer to ask for an accommodation or an alternative application process.

Deposit Product Manager

Full-time Regular Chelmsford, MA, US

2 days ago Requisition ID: 1266

Salary Range: $82,915.00 To $105,716.63 Annually

About Us:

At USALLIANCE, we pride ourselves on innovation, teamwork, training and development and career planning. We are a unique members-first Credit Union Culture driven by our core Values: Trust, Collaboration, Achievement and Making a Difference. As part of our team, you will have the opportunity to grow both personally and professionally in an inclusive and supportive environment.Represent USALLIANCE in the community and form lasting relationships with our members and partners.

About This Role:

The Deposit Product Manager is responsible for the development, enhancement, implementation, and ongoing management of USALLIANCE deposit products. This role leverages member feedback, operational data, market insights, and emerging technologies to improve product performance, member experience, and organizational efficiency. Working through cross-functional initiatives and strategic projects, the position drives enhancement to Deposit Account products policies, processes, and application experiences while empowering front line sales initiatives through training and product knowledge materials. Supports Business Development through performance tracking, process optimization, and growth-focused initiatives.

Key Responsibilities:

• Lead the development, enhancement, implementation, and ongoing management of deposit products and related member experiences.
• Conduct member, prospect, market, and competitive research to identify unmet needs, emerging trends, opportunities for innovation, and areas for product differentiation.
• Based on products members are leveraging, collect and review feedback, NPS results, survey data, complaint trends, operational metrics, and AI-generated insights to identify and advocate for opportunities for product, policy, process, and experience improvements.
• Develop product concepts, customer value propositions, business cases, requirements, and implementation roadmaps that support strategic growth objectives.
• Lead cross-functional initiatives that improve operational efficiency, reduce member friction, strengthen application experiences, and enhance end-to-end member journeys.
• Partner with Finance and the Deposit Product Analyst to evaluate product performance, pricing strategies, profitability reporting, and deposit growth opportunities while developing recommendations for improvement.
• Ensure product changes are compliant, operationally sustainable, effectively communicated, and successfully implemented through collaboration with internal stakeholders.
• Support Business Development by identifying and resolving application-process barriers, streamlining member onboarding, and improving conversion outcomes across partner and sales channels.
• Work with Deposit Product Analyst to develop, maintain, and analyze performance reporting related to applications, conversions, deposit growth, product adoption, sales attribution, and overall business effectiveness.
• Provide product leadership, training, and sales enablement support while driving product awareness, adoption, and growth across member-facing channels.
• Direct ownership of product P&L performance, ongoing profitability management, and accountability for the growth and profitability of all deposit products.
• Other duties as assigned. Responsibilities may evolve based on organizational priorities and business needs.

Who You Are:

• High school diploma or equivalent required.
• Bachelor’s degree is strongly preferred in Finance, Marketing, Business, or related field.
• Required 4+ years of experience in retail banking covering all the product lifecycle from ideation, building, launch and day to day P&L + MX management.
• Knowledge of checking, savings, CDs, HSA/HDSA, rates, fees, profitability, and deposit growth strategies.
• Ability to interpret market research, member insights, pricing analysis, profitability reporting, performance metrics, and competitive benchmarking.
• Experience using member feedback, NPS results, survey data, operational information, and interaction insights to identify and prioritize improvements.
• Strong cross-functional collaboration and project leadership skills, with the ability to influence stakeholders and move initiatives from concept through implementation.
• Familiarity with banking and credit union regulatory expectations, including consumer deposit requirements, disclosures, BSA/AML awareness, and risk controls.
• Ability to identify process inefficiencies and translate business and member needs into practical product, policy, application, and workflow improvements.
• Strong analytical, communication, presentation, and organizational skills.
• Ability to explain product features, train member-facing teams, and support sales channel adoption and performance.

What We Offer:

• Hybrid Schedule (min 3 days in office to maximize collaboration)
• Competitive salary and benefits package including 401K with 6% match
• Paid Time Off, Wellness Time & Paid Federal holidays
• Opportunities for professional development and career growth with exposure to mentorship from the executive team.
• A collaborative and inclusive work environment
• High Performance Culture that specializes in training to sharpen and expand skills brought to USALLIANCE.

EQUAL OPPORTUNITY EMPLOYER

USALLIANCE Federal Credit Union, as an Equal Opportunity Employer, values and supports the diverse cultures, perspectives, skills, and experiences within our workforce.

This job description is for informational purposes only and should not be construed as a complete listing of the job responsibilities and requirements. This job description may be modified at any time, for any reason, at the sole discretion of management.

At this time, USAlliance Federal Credit Union will not sponsor a new applicant for employment authorization or offer any immigration related support for this position (i.e., H1B, F-1 OPT, F-1 STEM OPT, F-1 CPT, J-1, TN, or another type of work authorization).

If you need sponsorship now or in the future, look for this statement in the job description before you apply: “USAlliance Federal Credit Union will consider sponsoring a new, qualified applicant for employment authorization for this position”. If this is not listed in the job description, USAlliance Federal Credit Union will not provide sponsorship for the candidate to work in the United States.

It is unlawful for USAlliance to require or administer a lie detector test as a condition of employment or continued employment. In accordance with applicable state laws, an employer who violates this law shall be subject to criminal penalties and civil liability.

In the spirit of pay transparency, we are excited to share the base salary range for this position is $82,915.00 - $105,716.63, exclusive of fringe benefits or potential incentives. This position is also eligible for an annual corporate bonus. If you are hired at USALLIANCE Federal Credit Union, your final base salary compensation will be determined based on factors such as skills, education, and/or experience. In addition to those factors, we believe in the importance of pay equity and consider the internal equity of our current team members as a part is any final offer. Please keep in mind that the range mentioned above is the full base salary for the role. Hiring at the maximum of the range would not be typical to allow for future and continued salary growth. We also offer a generous compensation and benefits package.

All positions must adhere to standard BSA/AML policies, procedures, and processes. Employees must demonstrate awareness of business functions and how business decisions affect financial and/or non-financial work results.