Principal Deposits

Patelco Credit Union

Dublin (CA)

On-site

USD 137,000 - 172,000

Full time

9 days ago

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Benefits offered by this job

Onsite fitness center

401(k) match

Tuition reimbursement

Paid holidays

EAP

Job summary

Patelco Credit Union in Dublin HQ is seeking a senior leader to own the deposits business, guiding vision and growth while partnering with executive leadership to drive funding, profitability, and customer engagement in line with enterprise objectives.

You will lead cross-functional programs, develop multi-year plans, and translate market insights into deposit pricing, balance sheet optimization, and competitive differentiation for sustainable growth.

Qualifications

10+ years in credit unions, banking, financial services with treasury or product management.
Experience influencing senior executives and leading large cross-functional programs.
Deep understanding of deposit portfolio management, pricing strategy, and funding objectives.
Strong executive communication and presentation skills.
Experience developing strategic business cases and influencing investment decisions.

Responsibilities

Shape deposit growth, funding, and customer engagement strategies with executive leadership.
Contribute to multi-year business plans aligned with enterprise objectives.
Evaluate market opportunities, emerging business models, and industry trends to guide strategy.
Lead large-scale, cross-functional initiatives with enterprise-wide impact.
Develop and maintain product-level forecasting models to support growth and planning.
Build partnerships with Treasury, Finance, Lending, Digital, Technology, Risk, Compliance, Marketing, and Operations.
Present portfolio performance and strategic recommendations to executive leadership and board committees.

Skills

Strategic leadership

Executive communication

Deposit portfolio

Pricing strategy

Funding objectives

Cross-functional leadership

P&L accountability

Investment decisions

Job description

About Patelco Credit Union

Patelco Credit Union is a not-for-profit credit union with a purpose to build financial health and wellbeing for our members. Since 1936, Patelco has grown from $500 in assets to over $9 billion in assets and is the 7th largest credit union in California with branches throughout Northern California.

We are here for our members throughout all their stages of life. Meeting them with the products and services to help them plan purposefully for their futures and to secure our life-long partnership as their trusted financial advocate. As one team, we are all committed to delivering service, empowering financial literacy, creating products, and providing new technology for our members.

We believe that work should be rewarding, challenging, and enjoyable. We're dedicated to creating a positive and supportive culture where our team members can thrive. If you're looking to use your skills and knowledge to make a difference in our members' lives, Patelco could be the perfect fit for you

Overview

The Principal, Deposits is a senior strategic leader responsible for the vision, growth, profitability, and long-term evolution of the organization's deposit portfolio. This role serves as a key advisor to executive leadership and is accountable for developing and executing enterprise deposit strategies that support growth, customer acquisition, funding objectives, profitability, and competitive differentiation.

As a recognized subject matter expert and emerging executive leader, the Principal, Deposits influences enterprise-wide decisions, partners with senior leadership across the organization, and drives initiatives that impact member experience, balance sheet performance, and organizational growth.

Responsibilities

Serve as a strategic partner to executive leadership in shaping the organization's deposit growth, funding, and customer engagement strategies.
Contribute to the development of multi-year business plans aligned with enterprise objectives.
Evaluate market opportunities, emerging business models, competitive threats, and industry trends to guide organizational strategy.
Lead large-scale, cross-functional initiatives with enterprise-wide impact.
Influence executive decision-making through data-driven recommendations and strategic insights.
Represent the deposit business in executive forums, governance committees, and strategic planning discussions.
Develop and maintain product-level forecasting models to support deposit growth strategies, balance forecasting accuracy, and inform business planning and decision-making.
Develop organizational capabilities and operating models that enable sustainable growth and scalability.
Build strong partnerships with senior leaders across Treasury, Finance, Lending, Digital, Technology, Risk, Compliance, Marketing, and Operations.
Present business cases, portfolio performance, and strategic recommendations to executive leadership and board committees as appropriate.
Balance member, financial, regulatory, and operational considerations when making strategic recommendations.
Act as a trusted advisor on deposit-related matters throughout the organization.
Develops and executes comprehensive deposit portfolio strategies that drive acquisition, retention, balance growth, and profitability while aligning with enterprise funding objectives.
Demonstrates deep expertise in deposit pricing, margin management, funding strategies, and portfolio economics.
Leverages financial analysis and market intelligence to influence pricing decisions, profitability improvement, and balance sheet optimization.
Translates market insights into actionable product and business strategies that strengthen competitive differentiation.
Understand and comply with all applicable federal and state laws and banking regulations (including those related to OFAC and Bank Secrecy Act / Anti-Money Laundering compliance) and Patelco Credit Union's policies and procedures.

Qualifications

Minimum Qualifications

10+ years of progressive experience in credit unions, banking, financial services, product management, treasury management, or related disciplines.
Leadership experience managing strategic business initiatives with enterprise impact.
Demonstrated success influencing senior executives and leading large, cross-functional programs.
Deep understanding of deposit portfolio management, pricing strategy, customer acquisition, profitability management, and funding objectives.
Experience developing strategic business cases and influencing investment decisions.
Strong executive communication and presentation skills.
Experience presenting to executive leadership, ALCO, management committees, or board-level stakeholders.
Experience managing business line strategy, financial performance, or P&L accountability.
Experience leading organizational transformation, digital modernization, or enterprise growth initiatives.

Physical Activities/Requirements

This role is based in Dublin HQ

Target Base Pay

$137,485 - $171,866 / yr

Compensation At Patelco

Please note that the salary information is a general guideline only. Patelco Credit Union considers factors such as (but not limited to) scope and responsibilities of the position, candidate's work experience, education/training, key skills, internal peer equity, as well as market and business considerations when extending an offer. We offer a competitive total rewards package including a Short-Term Incentive (STI) program for all regular positions and a wide range of medical, dental, vision, financial, and other benefits.

We Offer

Physical Health: