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Senior Lead Product Manager, Revenue Innovation

About This RoleWells Fargo is seeking a Senior Lead Product Manager responsible for growing fee revenue in a sustainable way, through new, innovative products or services that our customers find valuable and help solve critical pain points. This role is on the Deposit Based Services team, responsible for developing strategic product value propositions, experiences, and go-to market strategies that drive customer and balance growth with high customer satisfaction. Learn more about the career areas and business divisions at wellsfargojobs.com.In This Role, You Will• Develop new ways to grow fee revenue through products and services• Deliver solutions that are long-term, large scale, and require consideration of global market dynamics, trends, regulatory impact, and risk management• Identify market trends, customer needs, and competitive landscape to inform product strategy.• Collaborate with senior management to align strategy with overall business objectives• Lead the design and development of new revenue-generating initiatives• Engage with other Deposit Product teams, technology, operations, and marketing teams to ensure seamless product delivery and customer experience• Set an achieve financial targets for the P&L• Conduct regular financial analysis and reporting to monitor product performance and identify areas of improvement• Develop pricing strategies and conduct competitive analyses to maintain a competitive edge• Serve as an adept advisor to leadershipRequired Qualifications:• 7+ years of Product Management, product development, strategic planning, process management, change delivery, or agile product owner experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, educationDesired Qualifications:• Financial product management experience - banking experience preferred• Strong understanding of banking products and services, specifically fee-based• Demonstrated experience in strategic planning and financial analysis• Knowledge of regulatory requirements related to banking products• Ability to collaborate with stakeholders and deliver high impact presentations to senior leaders that leverages data to convey a meaningful story• Detail oriented with solid analytics and insights skills and the ability to synthesize data to make decisions• Knowledge and understanding of product or program management: development of roadmaps, strategies, and management of products ranging from concepts in ideation through to market delivery• Proven track record of delivering results• Self-starter with high energy and motivation who works well independently and can lead cross-functional teams• Ability to develop and maintain strong relationships with key partners• Strong sense of urgency and results oriented with the ability to motivate teams and mobilize resources• Strong relationship management, influencing, vision, operational and execution skills• Proven ability to influence, educate and advocate for an idea or vision and gain alignment• Ability to visualize, articulate, and solve problems• Comfortable working with a wide variety of corporate executives, channels, marketing, operations, and other business partners• Strong ability to assess market and competitive conditions and to develop creative, break-through approaches supporting improved customer experiences and operational efficiencies.• Exceptional organization, coordination, and time management skills• High level of proficiency with data, analysis, metrics and financials to identify opportunities or understand problemsJob Expectations:• Willingness to work on-site at stated location on the job opening• This position offers a hybrid work schedule• Ability to travel up to 5% of time• This position is not eligible for Visa sponsorship• Required location(s) listed belowJob posting may come down early due to volume of applicantsPosting Locations:• 401 S Tryon St. - Charlotte NC 28202• 3075 Loyalty Circle - Columbus, OH 43219• 550 S 4th St. - Minneapolis, MN 55415• 11601 N Black Canyon Hwy - Phoenix, AZ 85029• 2700 S Price Road - Chandler, AZ 85286• 150 E 42nd St.- New York, NY 10017• 333 Market St.- San Francisco, CA 94103Pay Range:• New York - New York Pay Range: $133,300 - $237,100 annual (this range may not be applicable to other locations)• San Francisco - California Pay Range: $133,300 - $237,100 annual (this range may not be applicable to other locations)• Minneapolis - Minnesota Pay Range: $111,100 - $197,500 annual (this range may not be applicable to other locations)Pay RangeReflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to achievements, skills, experience, or work location. The range listed is just one component of the compensation package offered to candidates.$111,100.00 - $237,100.00BenefitsWells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed below. Visit Benefits - Wells Fargo Jobs for an overview of the following benefit plans and programs offered to employees.• Health benefits• 401(k) Plan• Paid time off• Disability benefits• Life insurance, critical illness insurance, and accident insurance• Parental leave• Critical caregiving leave• Discounts and savings• Commuter benefits• Tuition reimbursement• Scholarships for dependent children• Adoption reimbursementPosting End Date:16 Dec 2024• Job posting may come down early due to volume of applicants.We Value DiversityAt Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law.Employees support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit's risk appetite and all risk and compliance program requirements.Candidates applying to job openings posted in US: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.Applicants With DisabilitiesTo request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo .Drug and Alcohol PolicyWells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.Wells Fargo Recruitment And Hiring Requirements• Third-Party recordings are prohibited unless authorized by Wells Fargo.• Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.Reference NumberR-421933-3
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What You Should Know About Senior Lead Product Manager, Revenue Innovation, Wells Fargo

If you’re a seasoned professional looking to make a significant impact in the banking industry, then the role of Senior Lead Product Manager for Revenue Innovation at Wells Fargo in Charlotte, NC is for you! Imagine being at the forefront of developing innovative products and services that not only enhance customer experience but also drive fee revenue in a sustainable manner. You will be responsible for leading the Deposit Based Services team, providing strategic direction to create valuable propositions that address real customer pain points. You'll dive deep into market trends and the competitive landscape to inform your product strategy while collaborating with senior management to ensure alignment with broader business objectives. Your skills in financial analysis and strategic planning will come into play as you set ambitious financial targets and monitor product performance. Additionally, this role offers a unique opportunity to design and develop large-scale solutions that are mindful of global market dynamics. If you thrive on collaboration and have a track record of successfully managing cross-functional teams, you'll fit right in at Wells Fargo. With responsibilities that intertwine product development, customer engagement, and strategic analysis, you’ll truly be a vital player in shaping the future of banking at this iconic institution. So, if you're ready to take on an exciting new challenge that allows you to leverage your expertise in banking, product management, and strategic planning, why not explore this opportunity with Wells Fargo today?

Frequently Asked Questions (FAQs) for Senior Lead Product Manager, Revenue Innovation Role at Wells Fargo
What are the primary responsibilities of a Senior Lead Product Manager at Wells Fargo?

The primary responsibilities of a Senior Lead Product Manager at Wells Fargo include developing innovative strategies to grow fee revenue through the creation of new products and services. This role involves conducting market research to identify customer needs, leading the design of revenue-generating initiatives, and collaborating with various teams to ensure seamless product delivery. Additionally, the manager will be responsible for setting financial targets and conducting performance analysis to optimize overall product performance.

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What qualifications are required to apply for the Senior Lead Product Manager position at Wells Fargo?

To apply for the Senior Lead Product Manager position at Wells Fargo, candidates should have over 7 years of experience in product management, strategic planning, or related fields. A background in financial product management is strongly desired, with a solid understanding of banking products and services, particularly fee-based offerings. Strong analytical and presentation skills, along with the ability to lead cross-functional teams, are also crucial for success in this role.

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How does Wells Fargo support career growth for Senior Lead Product Managers?

Wells Fargo supports career growth for Senior Lead Product Managers by providing numerous opportunities for professional development, including access to training programs and ongoing education. The company values diversity and inclusion, ensuring that all employees can thrive and advance within the organization. Furthermore, Senior Lead Product Managers are often involved in high-level strategic initiatives, allowing them to gain valuable experience and exposure to senior leadership.

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What is the work environment like for a Senior Lead Product Manager at Wells Fargo?

The work environment for a Senior Lead Product Manager at Wells Fargo is collaborative and dynamic, with opportunities for both remote and hybrid work options. Employees are encouraged to engage with various teams and stakeholders, promoting an inclusive workplace culture that values diverse perspectives. The role is fast-paced and result-oriented, empowering managers to drive innovative solutions and lead strategic initiatives effectively.

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What type of benefits can a Senior Lead Product Manager expect at Wells Fargo?

Senior Lead Product Managers at Wells Fargo can expect a comprehensive benefits package, including health benefits, a 401(k) plan, paid time off, and numerous options for professional development such as tuition reimbursement. Additionally, benefits extend to family-related programs, such as parental leave and adoption reimbursement, underscoring the company’s commitment to supporting employees both personally and professionally.

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Common Interview Questions for Senior Lead Product Manager, Revenue Innovation
Can you describe your experience with product management and how it applies to the Senior Lead Product Manager role at Wells Fargo?

In answering this question, focus on specific experiences where you managed a product lifecycle from ideation to market delivery. Highlight your understanding of customer needs and market dynamics, and how you've successfully collaborated with cross-functional teams to deliver results. Tailor your response to demonstrate how your past experiences align with the goals and responsibilities of the Senior Lead Product Manager position.

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What strategies have you used to identify customer pain points and develop relevant products?

Discuss your methodology for customer research, including both qualitative and quantitative approaches. Explain how you've utilized feedback loops and market analysis to uncover customer pain points, and how this informed your product development strategies. Provide examples of successful products you've launched based on this data.

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How do you prioritize competing projects and manage stakeholder expectations?

To effectively answer this question, share specific frameworks you use for prioritization, such as the Eisenhower Matrix or weighted scoring models. Discuss your communication strategies for keeping stakeholders informed, and provide an example where you successfully balanced multiple priorities while delivering on time.

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Can you share an example of a successful product you launched that generated significant revenue?

This is your opportunity to showcase your achievements. Provide details surrounding the product's concept, development, and launch. Focus on the unique strategies employed to drive revenue, including pricing, marketing, and customer acquisition tactics. Quantify the results to illustrate your impact.

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What financial analysis techniques are you familiar with that would be applicable in a banking context?

Mention specific financial analysis techniques such as cost-benefit analysis, break-even analysis, or customer lifetime value analysis. Make sure to discuss how these techniques have informed your decision-making in previous roles, particularly in the context of risk management and regulatory compliance in banking.

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How do you ensure that a product remains competitive in the market?

Explain your process for ongoing market assessment and the use of competitive intelligence tools to monitor trends and competitor actions. Discuss how you adapt your strategies based on feedback and performance data to ensure that your products stay relevant and appealing to customers.

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What role does collaboration play in your work as a product manager?

Explore how collaboration with different teams, such as marketing, technology, and operations, is essential for delivering successful products. Share your philosophy on fostering cross-functional teamwork and communication, and provide examples of how this has led to productive outcomes in your previous positions.

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Describe a challenging situation in a previous project and how you resolved it.

Share a specific challenge, focusing on your problem-solving approach. Detail the steps you took to identify the root cause, the strategies you implemented to overcome the obstacle, and the ultimate resolution. Highlight how your leadership influenced the outcome.

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What methods do you use to keep yourself updated on industry trends?

Enumerate your strategies for continuous learning, such as attending conferences, participating in webinars, subscribing to industry publications, or engaging with professional networks. Discuss how this knowledge influences your strategic planning and product management efforts.

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Why do you want to join Wells Fargo as a Senior Lead Product Manager?

Here, emphasize your alignment with Wells Fargo's values and mission. Discuss your admiration for their commitment to customer service and innovation in banking. Connect your professional goals and past experiences to how you can contribute to the success of the Revenue Innovation team and overall company objectives.

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Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets, proudly serves one in three U.S. households and more than 10% of small businesses in the U.S. Wells Fargo is No. 47 on Fortu...

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DATE POSTED
December 13, 2024

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