Deposit Portfolio Manager

Well-established full-service commercial bank is seeking an AVP-Deposit Portfolio Manager to join their dynamic team in NYC. You will play a pivotal role in monitoring client deposit portfolios for deviations from specified deposit volume strategy. Your responsibilities will include reviewing compliance profiles and providing recommendations for remediation where necessary.

Key Responsibilities:

• Support the strategy to grow Institutional Banking business within a framework to ensure long-term deposit growth.
• Demonstrate strong customer service, sales, interpersonal, and communication skills while maintaining a positive and customer-focused approach.
• Provide customers with exceptional financial support and recommendations to ensure the highest levels of service delivery.
• Conduct all retail banking financial transactions and resolve issues related to bank products and services with the goal of deepening relationships.
• Leverage the bank's service and sales culture to increase customer engagement.
• Work professionally and knowledgeably to address complex financial needs face-to-face with customers.
• Collaborate with Senior Vice President and team in initiatives that enhance the customer experience in all aspects of deposit management.
• Stay informed about current market conditions, and regularly conduct competitive analyses to maintain the competitiveness of our deposit services and uncover new business opportunities.
• Oversee portfolio costs and establish necessary control measures to manage target balances and rates, ensuring adherence to internal procedures, compliance standards, and regulations.
• Perform timely ongoing annual reviews while effectively understanding KYC/AML onboarding requirements and compliance policies for institutional customers.
• Review customer onboarding documentation to ensure accurate reflection of the Bank’s risk appetite.
• Ensure thorough and on-time completion of financial documentation such as financial statements and required tax forms for customer profiles.
• Complete renewals & annual reviews in a timely manner to maintain a "satisfactory" rating from internal audits with no risk rating failures or Bank examiners.

Qualifications:

• Bachelor's degree in Accounting, Finance, or a related field.
• Proven ability to provide exceptionally strong financial support, organizational skills, and solid knowledge of Treasury Management or Wholesale Banking.
• Minimum of 7+ years of experience in a banking environment handling deposit portfolios with a significant focus on commercial or institutional banking.
• Proficiency with ICS, CDARS, Escrow Accounts, DDA/MMDA, Cash Management/Online Banking, and FX experience or knowledge.

Location : Manhattan (Bryant Park), NY

Hybrid (3 Days On-site)

Salary: $100-140k DOE