Payments Product Manager - (US-IL-Chicago - 60827)

Minimum Education: None
Job Type: Full Time
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Responsibilities and Requirements : Responsible for researching and identifying new institutional trust products, enhancements to existing products, and new distribution methods for institutional trust clients. Provides direction for product development including market and industry analyses, product and package design, marketing strategy, and advertising.Knowledge/SkillsACH (Automated Clearing House)product management and/or ACH operations experience highly preferred. Knowledge of wire transfer and SWIFT preferred. Knowledge of marketing analysis and product development usually acquired through a four year degree or related work experience is required to develop institutional trust products. Knowledge of interfacing systems and operations is needed to assess and plan for processing requirements. Organizational skills are needed to coordinate project teams.Major Duties1. Researches, analyzes, and identifies new products which meet the needs of institutional trust clients and maintains the bank''s competitive advantage. 2. Consults with clients to identify product and service needs and to determine how well current products and services are meeting their needs. 3. Determines and implements new product development and delivery strategies and policies; researches client''s needs, surveys competitors, reviews legislation, and presents recommendations. 4. Functions as key liaison between the involved partner areas, outside consultants or vendors and the client to ensure that all product development and implementation needs are addressed, prioritized, and met. 5. Maintains a thorough knowledge and awareness of legal requirements, regulatory environment, legislative changes, and marketing trends in the institutional trust industry to determine the direction for new products or enhancements to existing products. 6. Works closely with systems, trust operations areas, and vendors or consultants, to assess processing capabilities of changes on existing systems and operations and to determine measures required for development and implementation.

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