Join Our Team
For over 70 years, Teachers Federal Credit Union has been committed to guiding members toward building a strong financial foundation today for a better tomorrow. Named one of America's Best-In-State Credit Unions by Forbes Magazine in 2022, Teachers has grown into one of the leading credit unions in the United States. As we broaden our national reach, we will continue to ensure that Teachers is a Best Place to Bank and a Best Place to Work. Teachers offers a variety of exciting career opportunities ranging from part-time and full-time staffers to executive leadership roles.

Summary:
The Director, Deposit Products oversees product management and development activities supporting the consumer & small business deposit product portfolios. The Director ensures that deposit products reach profitability and growth objectives, and serves as a principal point of contact for Product Management with our internal and external relationships.

Education and/or Experience:

• Bachelor’s degree (BA, BS, BBA, etc.) required or a minimum of eight years directly related experience
• Minimum of 6 years of relevant experience with 3 years leading or influencing people
• General Banking knowledge of Deposit Products

Job Responsibilities:

• Leads a product team to establish, execute, evaluate and monitor the strategic direction of the consumer deposit product portfolios.
• Collaborate with Senior Director to create tactical plans and product roadmaps for assigned products and enhancements.
• Act as a team lead among cross functional teams to achieve effective solutions to complex issues. Assemble the appropriate resources from areas including marketing, operations, compliance, finance and administrative support to ensure the timely, cost-effective and efficient delivery of products and features.
  
• Conduct regular reviews of existing products to ensure that the organization remains competitive. Identify opportunities for new consumer & small business products and feature enhancements. Prepare new product launches and major enhancements to existing products.
  
• Act as a primary resource and subject matter expert to the Retail line of business by providing expert product knowledge, product applications, and exception pricing support.
  
• Manage the annual budgeting and strategic planning activities for the consumer portfolio, which includes deposit flows, fee income, and ongoing management of budget variances.
  
• Partner with the Finance team to forecast and monitor all drivers of the business: accounts, households, balances, margin, fee income, expense, etc.
  
• Ensure compliance with all applicable laws, regulations, policy, and risk requirements.
• Perform other duties as needed upon request by immediate supervisor.

Benefits of Joining the Teachers Team:

We provide a competitive compensation and benefits package that includes, but is not limited to:

• Paid time off for vacation, personal days, and holidays
• Fully-funded pension plan
• 401(k) company contribution
• Teachers pays 100% of Dental & Vision premium
• Tuition reimbursement is offered to full-time employees
• Exclusive employee discount of 0.96% APR on credit card loans and a 1.00% APR on all other loans through Teachers

The good faith range for this position is $136,000 - $170,000 annually. This range is an estimate, based on potential employee qualifications and operational needs. The salary may vary above and below the stated amounts, as permitted by applicable law.

All candidates will be subject to a background check, credit check, and drug test to determine employment eligibility.

To learn more about Teachers and to view a full list of our job opportunities please visit https://www.teachersfcu.org/about/careers

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