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Deposit Portfolio Manager - AVP

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Phaxis LLC

2024-11-05 17:35:25

Job location New York City, New York, United States

Job type: fulltime

Job industry: Banking & Financial Services

Job description

Growing international banking client is seeking a strong portfolio manager to join their deposits team.

Responsibilities:

Oversee client deposit portfolios to ensure alignment with specified deposit volume strategies. Review compliance profiles and recommend necessary remediation.

Work with teams from Treasury, Finance, Technology, Operations, Compliance, and Legal to carry out functions and improve processes across the bank.

Develop strategies to grow the Institutional Banking business within a framework that ensures long-term deposit growth.

Collaborate with the SVP and team to implement initiatives that enhance the customer experience in all aspects of deposit management.

Oversee portfolio costs, establish control measures to manage target balances and rates, and ensure compliance with internal procedures and regulations.

Perform timely annual reviews, understand KYC/AML onboarding requirements, and follow compliance policies for institutional customers. Review customer onboarding documentation to ensure adherence to policy and risk appetite.

Other Functions/Responsibilities:

Experience: At least 7 years of experience working with reciprocal banking deposit products, ideally overseeing an institutional or commercial banking portfolio.

Strong knowledge of deposit products and customer compliance, excellent organizational skills, and a solid understanding of Treasury Management or Wholesale Banking segments.

Base Salary - $125,000-$150,000 depending on experience

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