Product Manager II

at  First Interstate Bank

**If you are a current FIB employee, please apply through the Career Worklet in the
Employee Portal.
This position can be located at our Billings, MT Downtown, Sioux Falls, SD Downtown and Spokane, WA Downtown branch.
What’s Important to You

We know your career is just one aspect of a meaningful, complex, and demanding life. That’s why we designed our compensation and benefits package to provide employees and their families with as much choice as possible.

• Accrue and use your paid time off (PTO) immediately – no waiting period – plus paid federal holidays in addition to PTO.
• To assist employees in paying down student loan debt, we will make monthly payments of $100 directly to eligible loan service providers on behalf of our employees until the loan is paid off.
• Our retirement plan is one of the best in the region, including a 6% employer match on your 401(k). Employees (including temporary) scheduled to work 20 or more hours per week are automatically enrolled day one.
• The health and happiness of the places we call home matter to us. Learn a little more about what we do for the communities we serve and why we want YOU to be a part of it.

We encourage you to apply. Reach for what you want and tell us why your work ethic and willingness to learn make you a natural fit for #TeamFirstInterstate.

SUMMARY

The Product Manager II will work in collaboration with the Product Management team in the ongoing development, implementation and management of bank products. The Product Manager II will oversee all aspects of product lifecycle management, from idea generation to implementation and sunset for a defined product set. The Product Manager II will provide assistance in support of the daily functions of the Product Department including project leadership, developing product materials and tools, conducting product research and analysis with focus on short-term execution and long-term strategy, vision, growth, and end-to-end user experience.

ESSENTIAL DUTIES & RESPONSIBILITIES include the following: other duties may be assigned.

• Manages the development of the assigned product roadmap, in alignment with the bank’s annual operating plan and strategic initiatives.
• Partner with business units and key vendors to keep bank’s product set ahead of changing landscape.
• Creates and manages project plans and business cases including scoping the project, identifying key dependencies, vendors and systems, performing product analysis, financial review and assessments.
• Facilitate product compliance requirements including monitoring regulatory changes, risk management and reputational risk of product line. Maintain current knowledge of industry regulatory and compliance requirements.
• Develop business requirements for products sourced through vendor relationships.
• Responsible for evaluating and enhancing actively sold and serviced products, identifying opportunities for revenue enhancements, tracking profitability, and managing changes to assigned products. This includes evaluating the impact of regulatory changes, risk assessments, incorporating Bank initiatives, and customer needs analysis on new and/or enhanced products and services. Utilizes customer feedback, customer and industry surveys, employee input and analysis of competitive products and services.
• Develop a deep expertise in all assigned products and services.
• Maintain content of product grids, fee schedules, rate sheets, disclosures, and other product related materials to ensure accuracy, completeness and compliance.
• Create product materials and tools for training use and spearhead communications regarding product updates, launches, campaigns or procedural changes.
• Act as the subject matter expert and provide responsive assistance to branches, client support and other departments company-wide for product related support and solutions.
• Evaluate product data sets and reports and communicate results and recommendations to product managers.
• Assist with promotional campaigns in collaboration with marketing to prepare campaign material, order collateral materials, track results and coordinate with branches, sales and delivery.
• Proactively monitor the marketplace to identify product trends, risks and opportunities and report these finds as needed.

QUALIFICATIONS

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
EDUCATION &/or EXPERIENCE
Bachelor’s degree (B. A.) from a four-year college or university and five or more years related industry experience and/or training.

LANGUAGE SKILLS

Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations. Ability to effectively present information and respond to questions from groups of managers, clients, customers and the general public.

MATHEMATICAL SKILLS

Ability to work with mathematical concepts such as probability and statistical inference, and fundamentals of plane and solid geometry and trigonometry. Ability to apply concepts such as fractions, percentages, ratios, and proportions to practical situations.

• Manages the development of the assigned product roadmap, in alignment with the bank’s annual operating plan and strategic initiatives.
• Partner with business units and key vendors to keep bank’s product set ahead of changing landscape.
• Creates and manages project plans and business cases including scoping the project, identifying key dependencies, vendors and systems, performing product analysis, financial review and assessments.
• Facilitate product compliance requirements including monitoring regulatory changes, risk management and reputational risk of product line. Maintain current knowledge of industry regulatory and compliance requirements.
• Develop business requirements for products sourced through vendor relationships.
• Responsible for evaluating and enhancing actively sold and serviced products, identifying opportunities for revenue enhancements, tracking profitability, and managing changes to assigned products. This includes evaluating the impact of regulatory changes, risk assessments, incorporating Bank initiatives, and customer needs analysis on new and/or enhanced products and services. Utilizes customer feedback, customer and industry surveys, employee input and analysis of competitive products and services.
• Develop a deep expertise in all assigned products and services.
• Maintain content of product grids, fee schedules, rate sheets, disclosures, and other product related materials to ensure accuracy, completeness and compliance.
• Create product materials and tools for training use and spearhead communications regarding product updates, launches, campaigns or procedural changes.
• Act as the subject matter expert and provide responsive assistance to branches, client support and other departments company-wide for product related support and solutions.
• Evaluate product data sets and reports and communicate results and recommendations to product managers.
• Assist with promotional campaigns in collaboration with marketing to prepare campaign material, order collateral materials, track results and coordinate with branches, sales and delivery.
• Proactively monitor the marketplace to identify product trends, risks and opportunities and report these finds as needed