Vice President Deposit Management

Edmonton State Bank; Glasgow (KY); On-site; USD 140,000 - 230,000; Full time

Job summary

Edmonton State Bank in Glasgow, KY is seeking a Vice President of Deposit Management to lead deposit strategy and growth. You will oversee product design, pricing, and diversification of deposits, while ensuring regulatory compliance and robust governance.

The role partners with treasury, retail, and marketing to optimize liquidity and profitability. The ideal candidate has 12+ years in banking, strong leadership, and data-driven decision-making with a customer-centric growth mindset.

Qualifications

• Bachelor's degree in Finance, Business Administration, Economics, or related field.
• 12–15+ years in banking with deposits, treasury, or retail/commercial exposure.
• Leadership experience managing multiple teams or functions.
• Strong deposit products knowledge and liquidity management.

Responsibilities

• Deposit strategy and growth across retail, commercial, and corporate segments.
• Design, manage, and price deposit products like savings, checking, and term deposits.
• Lead acquisition and retention initiatives for deposit customers.
• Collaborate with treasury on liquidity and balance sheet management.
• Coordinate with retail and commercial teams to mobilize deposits.
• Ensure regulatory compliance and strong internal controls.
• Develop KPIs, dashboards, and reporting to support decisions.
• Mentor teams and represent the bank with stakeholders.

Skills

Leadership

Strategic thinking

Analytical thinking

Data-driven decisions

Stakeholder engagement

Customer-centric growth

Financial analysis

Regulatory awareness

Education

Bachelor's degree in Finance, Business Administration, Economics, or related field

Job description

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Vice President Deposit Management

OFFICERS Management GLASGOW, KY, US

2 days ago Requisition ID: 1106

The Vice President of Deposit Management leads deposit strategy, drives growth, optimizes deposit products, and ensures regulatory compliance in a financial institution.

Role Overview

The VP oversees the bank’s deposit management across retail, commercial, and corporate segments. This role focuses on increasing low-cost, stable deposits, managing funding costs, and maintaining a diversified deposit base. The VP collaborates with treasury, retail, commercial, and marketing teams to align deposit initiatives with overall liquidity and strategic objectives.

Key Responsibilities

• Deposit Strategy & Growth: Develop and execute strategies to grow all deposit portfolios, including core retail deposits, small business accounts, and corporate accounts. Identify new market segments and innovate products for market expansion.
• Product Development & Pricing: Oversee the design, management, and pricing of deposit products such as savings, checking, and term deposits. Monitor performance metrics and adjust offerings as needed.
• Customer Acquisition & Retention: Lead initiatives to attract new deposit customers and enhance loyalty. Optimize the customer experience across branches, digital channels, and other platforms.
• Liquidity & Balance Sheet Management: Work with treasury to monitor deposit trends, runoff rates, concentration risks, and funding costs while maintaining stable deposits.
• Sales & Channel Management: Coordinate with retail and commercial teams to mobilize deposits, strengthen distribution channels, and provide training, incentives, and resources.
• Risk, Compliance & Governance: Ensure full compliance with banking regulations, including consumer protection and anti-money laundering laws. Maintain internal controls and reporting standards.
• Data, Reporting & Analytics: Develop key performance indicators, dashboards, and reporting processes to monitor performance and support executive decision-making.
• Leadership & Stakeholder Management: Mentor teams across product, sales, and operations; collaborate with internal stakeholders; represent the bank in industry forums.

Qualifications & Experience

• Education: Bachelor’s degree in Finance, Business Administration, Economics, or related field
• Work Experience: 12–15+ years in banking with significant experience in deposits, retail/commercial banking, or treasury. Leadership experience managing multiple teams or functions is essential.
• Technical Knowledge: Strong understanding of deposit products, pricing strategies, liquidity management, and banking regulations. Proficiency in balance sheet optimization and performance analytics.
• Strategic thinking and business acumen
• Leadership and team management
• Analytical and data-driven decision-making
• Customer-centric approach to growth and retention
• Effective stakeholder engagement and communication

Performance Metrics

• Growth in total deposits and low-cost deposits (COF)
• Optimization of funding costs and deposit mix
• Customer acquisition and retention rates
• Deposit product profitability and compliance outcomes

Reporting Structure

The VP reports to the President and supervises deposit management, treasury coordination, marketing, and strategic relationship management.

Regulatory & Operational Responsibilities

• Monitor regulatory changes and ensure all deposit products comply with applicable federal and state laws.
• Maintain governance and risk control frameworks.
• Collaborate with compliance and audit teams to ensure robust internal controls and reporting.

Working Conditions/Physical Demands

• Position operates in a professional office environment
• Routine use of standard office equipment, i.e. computers, phones, photocopiers, calculators, and filing cabinets
• Must be able to remain sedentary 50% of the time
• Employee will occasionally move about inside the office to access file cabinets, office machinery, etc.

Summary: The Vice President of Deposit Management plays a critical role in enhancing the bank’s financial stability, growth, and customer satisfaction, focusing on maximizing deposit quality and profitability while ensuring full regulatory compliance.