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SalaryOverview:
WHAT IS THE OPPORTUNITY?
Residential Lending Division
Make a meaningful difference as a member of City National's Residential Lending group. This is a great opportunity to grow your career with a stable and expanding organization while enhancing and retaining bank client relationships through competitive mortgage products and solutions with exceptional service and care.
What you will do
Benefits and Perks
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT
City National Bank is an equal opportunity employer committed to diversity and inclusion. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or any other basis protected by law.'
ABOUT CITY NATIONAL
MGR PRODUCT & PRICING INITIATIVES
WHAT IS THE OPPORTUNITY?
Position will be responsible for Consumer & Small Business Deposit Pricing. Requires using pricing optimization based on survey data, competitive analyses, performance vs. benchmarks, and product profitability. This position will partner closely with executive and senior management stakeholders to develop and execute pricing recommendations that align with City National's business goals.
Residential Lending Division
Make a meaningful difference as a member of City National's Residential Lending group. This is a great opportunity to grow your career with a stable and expanding organization while enhancing and retaining bank client relationships through competitive mortgage products and solutions with exceptional service and care.
What you will do
- Develop CNB’s pricing strategy based on a data-centric approach supported by a robust understanding of CNB’s business fundamentals, and a strong financial analysis background
- Follow an analytics based pricing approach with a “test-and-learn” methodology to continually refine and enhance pricing
- Evaluate competitive analysis, market trends and emerging technologies to bring strategic perspective to pricing recommendations
- Fully utilize both internal data and survey data to develop segment based strategies
- Collaborate with the Lines of Business and Marketing leadership to optimize pricing structure and develop pricing promotions
- Drive and foster a Risk Management centric culture of accountability and control
Must-Have*
- Bachelor's Degree or equivalent experience
- 10+ years pricing background, preferably including pricing deposits for High Net Worth clients
- 3+ years of management experience
Skills and Knowledge
- Demonstrated experience managing and collaborating with multiple teams, coordinating across different cross-functional initiatives, and reaching consensus with diverse stakeholders.
- Advanced understanding of pricing fundamentals and frameworks
- Strong financial analysis background / understanding of product profitability, including modeling the financial impact and break-even for pricing alternatives
- Experience managing direct and cross-functional teams including coaching and development of junior team members
- Master’s Degree preferred (in Business or quantitative field such as Finance, Economics, Physical Sciences, Math, Statistics, Engineering)
- Process oriented, with strong analytical capability
- Excellent written and verbal communication skills, experience communicating with all levels of an organization
- Demonstrated experience managing and collaborating with multiple teams, coordinating across different cross-functional initiatives, and reaching consensus with diverse stakeholders.
- Excellent judgment and independent decision-making ability.
- Experience using survey data from Curinos deposit analyzers and call report data to drive business deposit strategy and pricing decisions
Compensation
Starting base salary: $127,626 - $237,014 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.
- To be considered for this position you must meet at least these basic qualifications
Benefits and Perks
At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues. Get an inside look at our Benefits and Perks.
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT
City National Bank is an equal opportunity employer committed to diversity and inclusion. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or any other basis protected by law.'
ABOUT CITY NATIONAL
We start with a basic premise: Business is personal. Since day one we've always gone further than the competition to help our clients, colleagues and community flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues to be at the heart of our company today. City National is a subsidiary of Royal Bank of Canada, one of North America’s leading diversified financial services companies.
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