Description

The Mortgage Product Development and Strategy Manager will drive the design, development, enhancements and strategic position of mortgage products to meet evolving market needs and organizational goals. This role will collaborate across internal stakeholders including Capital Markets, CRA, Credit Risk, Compliance, Legal, Marketing, Sales, Operations, and Technology to launch competitive, innovative, and customer-centric mortgage offerings. The position is responsible for lifecycle product management, market analysis, competitive benchmarking, strategic roadmap creation, and ensuring that products align with business objectives and regulatory/investor requirements.

Key Responsibilities & Duties:

Define and own the residential mortgage product strategy for both common market products (GSE and Govie) and custom product solutions that drive differentiation Lead the Community Development efforts for the business, monitoring and collaborating across Citizens to develop affordable solutions that help meet community needs and CRA commitments Create a competitive advantage for Citizens through the development and successful commercialization of select proprietary products that offer unique and differentiated customer solutions that deliver enhanced margins and returnsContinually push to understand customer needs and ensure the customer is considered in prioritization and trade-off discussionsDrive products towards a meaningful balance between user needs, business objectives and technical feasibilityProvide direction on the development, testing, and refinement of UX prototypes in a hybrid agile/waterfall environmentParticipate in Design Thinking, Agile, and LEAN rituals which establish rhythm for the team, promote ongoing communications, and iterative refinement of roadmaps Serve as an intake of product, credit, and feature inputs from partners including Investor Relations, Capital Markets, Sales, Credit Risk, Operations and CRAMaintain a competitive assessment of product offerings by channelIdentify customer gaps and innovate solutions that drive differentiation through features and/or custom product solutionsDevelop a product roadmap using internal/external inputs and rationalized through analytics & business casesSponsor reporting and monitoring at the product level that provides actionable insightsSet product performance expectations and drive change to our product and policy guidelines in response to risk appetite, competitive needs, investor changes, and risk controlsDefine and manage product requirements and go-to market plans, ensuring product and credit policy guidelines are fulsome, accurate, clear and compliantManage overall product and policy change activities by maintaining an inventory through to implementationServe as subject matter expert, contributing practitioner, thought leader, career guide, and mentor to the product development and credit admin teams (~10 FTE)Drive strong commercialization of launched programs and continuous product improvements through recurrent product review meetings with mortgage leadership and partnersPartner with Investor Relations and Capital Markets for their role and responsibilities to support products and product strategy intersections, including: on and off-balance sheet strategiesinvestor negotiations, contractsexecution and delivery strategiespricing profitabilityPartner with Risk, Legal, Operations, Technology, Servicing, CRA, Market, and all areas where stakeholder intersections exist for transparency and fulsome change management

Skills:

Excellent command of mortgage credit and residential productsIn-depth product risk knowledge, credit policies and investor requirements within secondary market, portfolio, sales and senior managementStrong organizational and leadership skills: plans, reviews and tackle obstacles to excellence; ability to utilize persuasion and build relationships to win support for the benefit of the businessIdentifies product gaps and innovates solutions Ability to work independently, manage a team of 10-15 FTE, and collaborate across the business lineStrong Project Management discipline, with attention to detail and ability to manage multiple initiatives simultaneouslyFinancial acumen to build business cases and monitoring resultsBuilds confidence and inspires others to achieve success for the business Excellent communication skills, both written and verbal, with the ability to effectively tell the story of the business to all internal and external stakeholders, including leaders at all levels within Citizens, regulatory agencies, and industry associations

Education:

Bachelors degree required and MBA or an advanced degree is preferred

Experience:

10+ years of leadership experience, preferably in a high-growth consumer lending business with a proven track record of delivering results 

Some job boards have started using jobseeker-reported data to estimate salary ranges for roles. If you apply and qualify for this role, a recruiter will discuss accurate pay guidance.

Equal Employment Opportunity

Citizens, its parent, subsidiaries, and related companies (Citizens) provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to age, ancestry, color, citizenship, physical or mental disability, perceived disability or history or record of a disability, ethnicity, gender, gender identity or expression, genetic information, genetic characteristic, marital or domestic partner status, victim of domestic violence, family status/parenthood, medical condition, military or veteran status, national origin, pregnancy/childbirth/lactation, colleague’s or a dependent’s reproductive health decision making, race, religion, sex, sexual orientation, or any other category protected by federal, state and/or local laws. At Citizens, we are committed to fostering an inclusive culture that enables all colleagues to bring their best selves to work every day and everyone is expected to be treated with respect and professionalism. Employment decisions are based solely on merit, qualifications, performance and capability.