Deposit Product Pricing Manager

Are you a strategic thinker with a passion for numbers and a strong understanding of the banking industry? Look no further! Bank of America is seeking a highly motivated Deposit Product Pricing Manager to join our team. As a leader in the financial services industry, Bank of America strives to provide top-notch products and services to our customers. We are looking for a talented individual with a keen eye for detail and a knack for crafting competitive pricing strategies to help us achieve this goal. If you are ready to take on a challenging and rewarding role, keep reading to learn more about this exciting opportunity.

1. Develop and implement pricing strategies for deposit products based on market trends, customer needs, and competitive analysis.
2. Monitor and analyze product performance, making strategic adjustments as needed to maximize profitability and customer satisfaction.
3. Collaborate with cross-functional teams to gather insights and data to inform pricing decisions.
4. Stay up-to-date on industry trends and innovations in order to continually improve and refine pricing strategies.
5. Conduct regular reviews and evaluations of current pricing strategies, making recommendations for improvements and adjustments.
6. Communicate pricing decisions and strategies to relevant stakeholders, including senior management.
7. Work closely with product development teams to ensure new and existing products are priced competitively and effectively.
8. Act as a subject matter expert on deposit product pricing, providing guidance and support to other teams within the organization.
9. Monitor and comply with all regulatory requirements related to deposit product pricing.
10. Identify opportunities for cost savings and revenue growth through effective pricing strategies.
11. Train and mentor junior team members on deposit product pricing methodologies and best practices.
12. Collaborate with marketing and sales teams to develop and implement promotional pricing strategies.
13. Conduct market research and competitive analysis to understand customer preferences and behaviors related to deposit product pricing.
14. Develop and maintain strong relationships with internal and external stakeholders, including customers, vendors, and industry professionals.
15. Contribute to the overall success of the organization by identifying and implementing innovative pricing strategies to drive business growth and profitability.

According to JobzMall, the average salary range for a Deposit Product Pricing Manager in Charlotte, NC, USA is between $104,000 and $156,000 per year. This can vary depending on factors such as the size and location of the company, the candidate's level of experience, and their specific job responsibilities.

Bank of America Corp. is a bank and financial holding company, which engages in the provision of banking and nonbank financial services. It operates through the following segments: Consumer Banking, Global Wealth and Investment Management, Global Banking, Global Markets, and Legacy Assets and Servicing. The Consumer Banking segment offers credit, banking, and investment products and services to consumers and small businesses.