Head of Deposits Product Management

• When you join Sallie Mae, you become a champion for all students.
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We're on a mission to power confidence as students begin their unique journey. To help them plan their higher education, successfully finish, and prepare for life after school. To help them Start smart. Learn big.

Students need guidance navigating this important time in their life. They need someone who acknowledges that their education path is unique. They need a partner willing to evolve and not only meet but surpass their expectations. We're changing. Because students need a better way.

We're looking for people who are excited to drive this transformation. To break barriers and think of new ways to adapt, help, and create better experiences for students-and for each other.

This is where diverse backgrounds, beliefs, and perspectives matter. It's where you're empowered to bring your authentic self to work.

Feeling your best allows you to do your best. Our benefits take care of the whole you-from physical and mental to financial and professional. You'll get opportunities to further your education and career, support for you and your family (including your pets!), paid time off to volunteer for the things that matter to you, and more.

We're obsessed with impact and making a real difference. For us, that means putting relationships first, asking "why not?" when tackling challenges, and continuously learning new skills.

Come do more than join something, change something. For students, for future generations, for the future of education.

• What You'll Contribute
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The Head of Deposits Product Management will have profit and loss responsibility for our Deposits portfolio responsible for the day-2-day business management. The candidate will work across a broad group of direct and indirect reports to manage our product suite and be an end-2-end champion across the business to drive growth, reduce costs, optimize client experiences, simplify our tech stack, and maintain a strong Controls environment.

• What You'll Do:
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+ Serve as a P&L steward for our Retail & Brokered Deposits portfolio spanning a series of products across High Yield Savings, CDs, and Money Market Deposit Accounts totaling $21B in balances

+ Own Deposit Pricing and hold responsibility for managing our cost of deposits to plan and industry benchmark targets

+ Direct day-2-day business management across Product, Distribution, Client Experience, Marketing, Operations, Technologies, Legal, Risk, Controls, Compliance, and Finance teams.

+ Maintain awareness around industry and competitive trends in order to formulate prudent actions for Sallie Mae

+ Maintain a strong Controls environment with oversight of exceptions monitoring and ensuring accuracy in pricing and disclosure management in addition to serving as the primary contact for Audit and Regulatory inquiries

+ Provide direction to the Product Development process in regards to what should be built, why, and the economic opportunity

+ Hire, coach, mentor, and development junior talent on the team and across the organization

+ Prepare & deliver Business Performance updates across multiple senior forums throughout the organization

• What You Have:
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+ Bachelor's degree in Finance, Economics, or a related field. MBA or Master's degree candidates preferred

+ 15+ years of experience in Financial Services with a focus on retail banking with expertise in Consumer or Small Business Deposits.

+ Superior business and financial acumen with proven expertise in Deposit pricing; able to think end-2-end across multiple functional areas including Product, Marketing, Risk, Operations, Technologies, and Finance

+ Experience in managing business controls and ensuring compliance with regulatory and internal policy requirements

+ Ability to form and influence relationships across a matrix organization to gain buy in and drive forward towards an aligned direction

+ Dynamic people leader, able to guide, develop, and motivate a broad audience of direct and indirect reports

+ Proven experience driving business & product direction, go-to-market strategy, and design with data-driven decisions within an Agile Product environment

+ Intellectual curiosity with the ability to learn fast and drive results in the right way

+ Ability to operate independently and work with a sense of urgency

+ Strong attention to detail but can also elevate up and see the big picture

+ Proficiency with Microsoft Office products

• Feeling your best helps you do your best:
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• Our benefits take care of the whole you-so you can build your work around your life (not the other way around!).
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+ Competitive base salaries

+ Bonus incentives

+ Generous PTO, Floating Holidays and 12 Federal Holidays observed

+ Support for financial-well-being and retirement 401k with employer match

+ Comprehensive medical, dental, vision, hospital indemnity, critical illness, pet insurance and more

+ Employer paid short-term/long-term disability and basic life insurance

+ Flexible hybrid working arrangements.

+ Paid parental leave and adoption reimbursement programs

+ Free access to on-site staffed fitness centers (in Delaware) and gym subsidy (for locations outside Delaware)

+ Confidential counseling support (EAP), Health Advocacy services and Wellness program with financial incentives

+ Tuition Reimbursement and Family Scholarship Programs

+ Career development and training opportunities

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• Sallie Mae is proud to be an equal opportunity (EEO) employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, gender, sexual orientation, national origin, age, genetic information, gender identity, disability, Veteran status or any other characteristic protected by federal, state or local law. (
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• to view the California Employee Privacy Notice.
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• Reasonable accommodations are available for applicants with disabilities in all phases of the application and employment process. To request an accommodation please call (855) #-# and choose option 9. All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.
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Sallie Mae is proud to be an equal opportunity (EEO) employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, gender, sexual orientation, national origin, age, genetic information, gender identity, disability, Veteran status or any other characteristic protected by federal, state or local law. If you'd like more information about your EEO rights as an applicant, please click Click to view the U.S. Pay Transparency Policy.