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    Payments Product Manager Team Lead - Los Angeles, United States - Comerica Bank

    Comerica Bank
    Comerica Bank Los Angeles, United States

    3 weeks ago

    Default job background
    OTHER
    Description
    Product Management Team Leader


    Responsible for ensuring assigned product(s) is relevant, sold properly, and is managed to a positive customer experience as it relates to sound infrastructure and integrity levels.

    Responsible for the management of assigned product(s), including market research, financial analysis, product planning, product development and implementation, and coordination of sales and marketing strategies, objectives and programs.

    Product profitability, management of risk, evaluation of product performance and measurement of results are key components of this position. Serve as subject matter expert on suite of products. Manages a staff of Product Managers and oversees management of several TM products.


    Position Responsibilities:
    Roadmap Management

    Serve as a market expert for assigned product(s) through research (internal and external), discovery, validation and customer interactions and presentations, white papers, etc.

    Define market problems by gathering and analyzing market, customers, non-customers and potential customer information; understanding product, position, competition and SWOT; and through technology assessment and win/loss analysis.

    Develop solutions through strategic planning, including product roadmap and business plan development; profitability, pricing and positioning assessment; understanding customer buying process, buyer/user personas and use scenarios; develop solution requirements; represent voice of customer throughout requirements, design and development process; ensure solution addresses defined market problem(s) and aligns with solution development.

    Manage products, monitor product life cycle, and recommend pricing and marketing strategies to improve profitability and/or reduce expense, and to enhance customer retention and acquisition.

    Define, measure and manage product risk -Measure assigned product(s) success and communicate results.
    Product Promotion/Advocacy
    Create and own assigned product set's market message. Participate in development of go-to-market materials. Develop internal training materials and conduct training as necessary.
    Conduct customer, non-customer and prospective customer interviews to gather user persona intelligence.
    Monitor trends and customer adoption of assigned product(s).
    Portfolio and Revenue Management
    Continuously evaluate current economic conditions 20% and advise management of possible impact to assigned products.

    Ensure profitability, competitive positioning and integration of assigned product(s) into sales planning and Annual Profit Plan -Develop and recommend pricing strategies that will result in meeting product objectives.

    Product Initiatives

    Research/define market problems for assigned product(s); investigate market opportunities and effect of existing products on market; evaluate ideas for new products; make recommendations for economically attractive products.

    Perform discovery and validation of market problems, including interacting with customers, non-customers and potential customers.
    Recommend criteria for testing newly developed products and enhancements to existing products.
    Development and regular review of implementation workflows.
    Partner with Operations area(s)
    To ensure appropriate product stability.
    To ensure an efficient escalation and resolution protocol is in place for production (system/operational) issues and outages.
    For continuous improvement of production (system/operational) processes.
    To evaluate/review customer complaints, concerns and suggestions relative to assigned product(s).
    Manage staff of Product Managers
    Ensure appropriate training.
    Motivates staff to achieve department goals Conducts Performance Reviews.
    Develop Talent.
    Vendor Management
    Participate in the contract negotiation process.
    Manage the day-to-day relationship with strategic vendors.
    Monitor Service Level Agreement performance.
    Leadership
    Lead cross-functional teams for key initiatives related to assigned product(s) to ensure successful and timely completion.


    Position Qualifications:
    Bachelor's Degree from an accredited University
    10 years of experience with Treasury Management Products
    1 year experience management experience

    Comerica Bank Tower
    8:00am – 5:00pm Monday – Friday
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