Head of Pricing Strategy & Profitability

Valley National Bank; Chicago (IL); On-site; USD 110,000 - 160,000; Full time

Job summary

The role leads the cross-functional pricing governance process for Consumer Banking products, evaluating, managing, and implementing rate and pricing changes while shaping a coherent pricing framework. You will drive policies, controls, and approval workflows to enable timely decisions.

Collaborating with Finance, Treasury, and Consumer Banking leadership, you will oversee profitability, monitor market conditions, and develop business cases.

Responsibilities

• Lead the cross-functional pricing governance process for all Consumer Banking products, including evaluating, managing, and implementing rate and pricing changes.
• Develop and enhance a pricing framework for timely market assessments, stakeholder alignment, and execution of pricing strategies.
• Oversee pricing decisions with Finance, Treasury, and Consumer Banking leadership to balance profitability, growth, and competitiveness.
• Measure, analyze, and improve profitability of the Consumer Banking portfolio using data-driven insights.
• Establish and maintain pricing policies, procedures, and controls, including rate setting, adjustments, exceptions, and approvals.
• Lead cross-functional efforts to develop and gain approval for pricing and product business cases.
• Partner with Consumer Banking leaders to assess pricing strategies, promotions, and market conditions for growth opportunities.
• Support product management with business cases, forecasts, and post-implementation reviews.
• Provide executive analysis on pricing trends, market dynamics, and portfolio performance.
• Ensure compliance with regulatory requirements, controls, and risk standards for pricing and consumer banking products.

Job description

The role leads the cross-functional pricing governance process for Consumer Banking products, evaluating, managing, and implementing rate and pricing changes while shaping a coherent pricing framework. You will drive policies, controls, and approval workflows to enable timely decisions.

Collaborating with Finance, Treasury, and Consumer Banking leadership, you will oversee profitability, monitor market conditions, and develop business cases.