Manager - Savings Product Management

General information

Ref # 21531

Remote? No

Ally and Your Career

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Ally Financial only succeeds when its people do - and that's more than some cliché people put on job postings. We live this stuff! We see our people as, well, people - with interests, families, friends, dreams, and causes that are all important to them. Our focus is on the health and safety of our teammates as well as work-life balance and diversity and inclusion. From generous benefits to a variety of employee resource groups, we strive to build paths that encourage employees to stretch themselves professionally. We want to help you grow, develop, and learn new things. You're constantly evolving, so shouldn't your opportunities be, too?

The Opportunity

This role will be responsible for driving execution and strategy for the Deposit savings product offering (Savings, Money Market, and Trust/Fiduciary). Responsibilities include maturing the product offering and driving alignment amongst resources (pricing, marketing, technology, contact center, and operations) to deliver on business goals. The ideal candidate must be able to coordinate a cross-functional team through idea generation, product definition, development, product launch, and ongoing product management to ensure successful execution against the business strategy. Success in this role places a premium on relationship building and ability to collaboratively develop solutions.

Critical to this role is an understanding of the deposits business, and ability to synthesize disparate concepts, information, and data to form opinions that will help shape the business. This individual will need to understand customer segments, consumer behaviors, product economics, and features/capabilities as well as the broader competitive landscape to inform tactics and strategies.

The ideal candidate should understand product specifics for Savings, Money Market, and Trusts/Fiduciary deposit products including deposit operations, servicing, fraud, and market dynamics. Also necessary is working knowledge of key risk management practices, risk frameworks, and legal and compliance requirements appropriate for deposit savings products. This role will support new product and program development and integration with the Consumer Banking product suite, encompassing savings product tools and features.

In office role - Ally work locations are Charlotte NC, Fort Washington PA, Jacksonville FL, Lewisville TX

Hybrid weekly work schedule 3 days in office and 2 from home

The Work Itself

• Ownership of strategy definition, value proposition, product profitability, and end-to-end customer experience for the Ally Bank Deposits savings products
• Generate recommendations for new product ideas, revenue opportunities, and business improvements leveraging competitive analysis, consumer research, and innovation
• Ensure growth of product portfolios and quality customer engagement via cross-sell, relationship deepening, and retention strategies
• Lead programs and full product lifecycle through all stages including ideation, business case and financial analysis to secure funding, business and technical requirement definition, and managing implementation
• Work across partner teams (pricing, marketing, operations, contact center, digital, finance, legal, compliance, risk) to ensure consistency and alignment with strategic direction
• Partner with pricing, analytics, and finance to understand customer models and optimal strategies for business growth
• Review monthly business performance to assess trends and opportunities, and develop a forward-looking outlook (NIE, revenue, balances, customer growth)
• Ownership for first line risk, compliance, regulatory and legal aspects of deposit savings products, serving as business SME for any relevant policies and procedures
• Work closely with vendors to manage performance, SLA's, contract dynamics, and overall relationship

The Skills You Bring

• 5+ years of experience in financial services required
• 3+ years in product management, project management or marketing experience preferred
• Bachelor's degree in Business, Finance, or equivalent background preferred
• Experience in Customer-centric focused product management, creating premium customer experiences based on customer and associate feedback and behavior trends
• Proven ability to work well with banking operations, servicing, and digital/tech
• Ability to manage all aspects of a complex partnership with third-party vendors
• Knowledge of banking regulations, compliance, and its product implications
• Financial planning and quantitative skills with experience in P&L management preferred
• Strong analytical skills with experience of working directly with analytics, finance, and pricing teams to identify trends, solve problems, and develop cost benefit analyses
• Prior success demonstrating leadership skills across all levels - up, down, and across
• Ability to work at a very detailed level, as well as synthesize and present key action items and insights to unlock value
• Excellent presentation and written communication skills with proficiency in MS office tools (PowerPoint, Excel, Vizio)
• Thrives in a dynamic environment - no standard day

How We'll Have Your Back

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Ally's compensation program offers market-competitive base pay and pay-for-performance incentives (bonuses) based on achieving personal and company goals. But Ally's total compensation - or total rewards - extends beyond your paycheck and is designed to support and enrich your personal and professional life, including:

• Time Away: competitive holiday and flexible paid-time-off, including time off for volunteering and voting.
• Planning for the Future: plan for the near and long term with an industry-leading 401K retirement savings plan with matching and company contributions, student loan and 529 educational assistance programs, tuition reimbursement, and other financial well-being programs.
• Supporting your Health & Well-being: flexible health and insurance options including dental and vision, pre-tax Health Savings Account with employer contributions and a total well-being program that helps you and your family stay on track physically, socially, emotionally, and financially.
• Building a Family: adoption, surrogacy, and fertility support as well as parental and caregiver leave, back-up child and adult/elder day care program and childcare discounts.
• Work-Life Integration: other benefits including LifeMatters® Employee Assistance Program, subsidized and discounted Weight Watchers® program and other employee discount programs.

Who We Are:

Ally Financial is a customer-centric, leading digital financial services company with passionate customer service and innovative financial solutions. We are relentlessly focused on "Doing it Right" and being a trusted financial-services provider to our consumer, commercial, and corporate customers. For more information, visit

Ally is an equal opportunity employer committed to diversity and inclusion in the workplace. All qualified applicants will receive consideration for employment without regard to age, race, color, sex, religion, national origin, disability, sexual orientation, gender identity or expression, pregnancy status, marital status, military or veteran status, genetic disposition or any other reason protected by law.

Where permitted by applicable law, must have received or be willing to receive the COVID-19 vaccine by date of hire to be considered, if not currently employed by Ally.

We are committed to working with and providing reasonable accommodation to applicants with physical or mental disabilities. For accommodation requests, email us at [email protected]. Ally will not discriminate against any qualified individual who is capable of performing the essential functions of the job with or without reasonable accommodation.

Base Pay Range:

An individual's position in the range is determined by the scope and responsibilities of the role, work experience, education, certification(s), training, and additional qualifications. We review internal pay, the competitive market, and business environment prior to extending an offer.

Emerging: 90000

Experienced: 120000

Expert: 150000

Incentive Compensation: This position is eligible to participate in our annual incentive plan