For more than 70 years, IDB Bank has made it our mission to be the best bank for our clients by putting their needs first, and the success we’ve enjoyed fundamentally comes down to our people. Here at IDB, you’ll work side by side with some of the most talented professionals in the industry who share a strong sense of teamwork and a passion for providing exceptional service down to the smallest detail. We offer a comprehensive benefits package that includes generous paid time off and the ability to participate in our medical coverage and 401(k) plan on your very first day with us. We are also committed to diversity and inclusion, and to providing all of our team members with an equal opportunity to succeed and make meaningful contributions within a work environment that is respectful, welcoming and inclusive.
Monitor client deposit portfolios for deviations from specified deposit volume strategy, review compliance profiles, and provide recommendations for remediation, where necessary. Manage the workflow and collaborate with teammates from Treasury, Finance, Technology, Operations, Compliance and Legal, when applicable, to carry out functions and improve processes across the Bank
- Support strategy to grow Institutional Banking business within framework to ensure long-term deposit growth
- Strong customer service, sales, interpersonal, and communication skills; ability to remain positive and customer focused at all times
- Provides customers with exceptional financial support and recommendations while ensuring the highest levels of service delivery.
- Conducts all retail banking financial transactions and solves issues related to bank products and services with the goal of deepening relationships.
- Leverages the bank’s service and sales culture to increase customer engagement.
- Is professional, knowledgeable, and capable of working face-to-face with customers to address complex financial needs.
- Work alongside SVP and team to set in motion initiatives that enhance the customer experience in all aspects of deposit management.
- Remain informed about current market conditions, routinely conduct competitive analysis to maintain the competitiveness of our deposit services, and actively unearth new avenues for business.
- Oversee portfolio costs, establish necessary control measures to manage target balances and rates, while ensuring adherence to internal procedures, compliance standards, and regulations.
- Perform timely Ongoing annual reviews by effectively understanding KYC/AML onboarding requirements and following compliance policies of desired risk profile of Institutional customers.
- Review customer onboarding documentation together with stakeholders to ensure policy guidance is met and any agreements are accurately reflecting the Bank's risk appetite.
- Ensure thorough and on-time collection of information such as financial statements, expired Tax Forms or other items needed to be completed for customer profile
- Complete renewals & annual reviews in a timely & thorough manner to maintain a "satisfactory" rating from internal audit; no risk rating failures or Bank examiners
Other Functions/Responsibilities
- Implementing effective client outreach campaigns
- Manage the bank-wide reciprocal deposit program and oversee deposit support activities Bank wide.
- Supporting other Division Bankers in new customer acquisition serving as a Deposit SME.
- Launch new deposit campaigns for the Bank
- Work along with stakeholders from different areas to manage and launch deposit products
- Ensure the availability of appropriate deposit products and competitive rates within Jack Henry banking systems
#LI-Hybrid
- Bachelor's degree in Accounting, Finance or in a related field is a requirement
- Portfolio Manager needs to have strong deposit product knowledge, customer compliance understanding, organizational skills as well as solid understanding of working in a Treasury Management area or Wholesale Banking segment.
- 7+ years experience in working with reciprocal banking deposit products, ideally overseeing an institutional or commercial banking portfolio.
- Proficient in Jack Henry / Silverlake system environment and with computers and the use of various programs and software applications, including Microsoft Suite (Outlook, Word, Excel, etc.).
- Demonstrated strength in funds transfer pricing, and forecasting
- Must be able to work as part of a team and colleagues
- Willingness to take on special projects as they arise.
- Should possess strong communication skills (verbal and written)
- Ability to work in a collaborative environment and while meeting tight deadlines
- Results-oriented with a history of driving business growth, an individual comfortable with change and possessing excellent persuasion skills.
Compensation
The expected annual salary for this position is between $100,000 and $140,000 at the start of employment. A salary offer is determined on an individualized basis, taking into consideration factors such as an individual’s skills and experience. In addition to base salary, our total rewards package also includes eligibility for an annual bonus, medical, pharmacy, dental, and vision plans, life and disability insurance, employee wellness program, retirement and savings plans with employer contributions, generous holiday and paid time off schedules, parental leave, and tuition reimbursement.
The Bank will make reasonable accommodations to the following employees to allow them to perform the essential functions of their position, except where doing so would result in undue hardship to the Bank:
- Those with a known mental or physical disability.
- Pregnant individuals and/or individuals with pregnancy or childbirth-related medical conditions.
- Victims of domestic violence, sex offenses or stalking.
- Employees with religious observance and practice obligations.
Any employee who believes he or she needs an accommodation for any of the above reasons should contact their supervisor or a member of Human Resources to request such an accommodation. In each case, the Bank will engage in a good faith written or oral dialogue concerning the individual’s accommodation needs; potential accommodations that may address the individual’s accommodation needs, including alternatives to a requested accommodation; and the difficulties that such potential accommodations may pose for the employer.
The Bank retains the ultimate discretion to choose the appropriate reasonable accommodation. Upon reaching a final determination at the conclusion of the cooperative dialogue, the Bank will provide the requesting individual with a written final determination identifying any accommodation granted or denied. In addition, the Bank will maintain any information regarding the employee’s request and status in the strictest confidence, except as requested by the employee, as required on a need-to-know basis or as otherwise required by law.
Disclaimer
The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. All personnel may be required to perform duties outside of their normal responsibilities from time to time, as needed.
All your information will be kept confidential according to EEO guidelines.
Due to COVID-19, we are now operating on a hybrid schedule. We value the safety of our employees because we’re all in this together.
NO AGENCIES PLEASE.
IDB BANK, INCLUDING ITS SUBSIDIARIES AND DIVISIONS, PROVIDES EQUAL EMPLOYMENT OPPORTUNITIES TO ALL EMPLOYEES AND APPLICANTS FOR EMPLOYMENT WITHOUT REGARD TO RACE, COLOR, RELIGION, SEX, SEXUAL ORIENTATION, NATIONAL ORIGIN, AGE, DISABILITY, GENETIC STATUS, CITIZENSHIP STATUS, MARITAL STATUS, MILITARY OR VETERAN STATUS, CURRENT UNEMPLOYMENT OR ANY OTHER LEGALLY PROTECTED CATEGORY IN ACCORDANCE WITH APPLICABLE FEDERAL, STATE AND LOCAL LAW. NOTHING IN THIS SITE CONSTITUTES A PROMISE OR OFFER OF EMPLOYMENT.
New York, New York
Full Time