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U.S. Bank Group Product Manager in Minneapolis, Minnesota

At U.S. Bank, we're passionate about helping customers and the communities where we live and work. The fifth-largest bank in the United States, we’re one of the country's most respected, innovative and successful financial institutions. U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors.

Job Description

Are you naturally curious? Do you see the world as it might be and wonder “what if”? Do you get excited about how technology and software can make things better? Would you like to work in an area that improves the movement of goods in the global economy? Are you looking to apply your product development, product management, or product marketing skills in unique and impactful ways? If so, keep reading.

The U.S. Bank Freight Payment Product Team is currently seeking a Group Product Manager to own and oversee the strategic product management of a suite of applications and related services that support stronger supply chains and improved collaboration between large organizations and their transportation and shipping partners.

The incumbent will assist senior management in evaluating and developing product and service opportunities and in doing so will work with a variety of business partners within and outside the bank to identify, define, and cultivate opportunities to meet customer needs.

The U.S. Bank Freight Payment Product Team seeks a self-starter, self-learner, internal bridge-builder and technology sponge interested in absorbing all that is happening within and outside the Freight Payment industry and transforming that information into insights and ideas for new product and service offerings, product positioning, product development and pricing philosophy. You’ll need the ability to ideate as well as execute.

If you’re not interested in how goods get transported around the world, don’t apply. If you’re not interested in collaborating with sales, operations, finance and technology partners, don’t apply. If you’re not ready to uncover a customer’s unmet needs by combining the voice of the customer with your strategic thinking skills, don’t apply.

Job activities will include (but will not limited to)

  • Championing the customer experience, using input from Voice of the Customer events and customer journey mapping interviews to help prioritize future investments in product development

  • Evaluates market trends, legal/regulatory climate, competitive products, and more;

  • Monitors changes in marketplace technology;

  • Conducts research on product enhancements and new product offerings;

  • Presents findings and recommendations

  • Develops marketing strategy in partnership with marketing team ensuring consistency with organization and business line objectives and goals and meeting product profit and growth goals.

  • Develops roadmap and requirements for new and existing products

  • Ensures cross-functional alignment of product roadmap and priorities

  • Manages the development of product pricing and profitability analysis and recommends pricing

  • Manages competitive analysis and market research of competing products and services to identify customer needs and trends.

  • Manages the on-going research to track, monitor and analyze product performance, profitability and contribution.

  • Collaborates with sales teams to ensure that customer requirements are understood

  • Collaborates with marketing and training teams to ensure sales teams are ready to represent our latest product and service offerings.

  • Reviews risk data related to product line(s) and ensures risks are effectively monitored and managed.

  • Ensures products meet state and Federal regulatory requirements and coordinates legal review of all supporting collateral materials and documentation.

  • Plans, develops and controls product/project budgets.

Basic Qualifications

  • Bachelor's degree, or equivalent work experience

  • 10 or more years of product management experience

Preferred Skills and Experience

  • Knowledge of competitive market, operations and various products and services within the transportation industry

  • General knowledge of the bank’s business lines coupled with the ability to not think like a banker

  • Strong product development, product management and design skills

  • A basic appreciation for Agile product development methodologies

  • Demonstrated track record of project execution/implementation

  • Demonstrated research and investigative skills

  • Strong strategic, competitive and financial analysis skills

  • Well-developed verbal and written communication skills

  • Strong Office PC skills in a Microsoft Office environment

Benefits:

Take care of yourself and your family with U.S. Bank employee benefits. We know that healthy employees are happy employees, and we believe that work/life balance should be easy to achieve. That's why we share the cost of benefits and offer a variety of programs, resources and support you need to bring your full self to work and stay present and committed to the people who matter most - your family.

Learn all about U.S. Bank employee benefits, including tuition reimbursement, retirement plans and more, by visiting usbank.com/careers (https://www.usbank.com/careers/index.html) .

EEO is the Law

Applicants can learn more about the company’s status as an equal opportunity employer by viewing the federal EEO is the Law (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/eeopost.pdf) poster.

E-Verify

U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program (https://www.usbank.com/careers/verification-of-eligibility-for-employment.html) .

Our 74,000 employees work across departments to help our millions of retail, business, wealth management, payment, commercial and corporate, and investment services customers across the country and around the world turn their dreams into reality. Our employees are empowered to create change and drive our future, and we pride ourselves on diligently and ethically upholding U.S. Bank’s best-in-class financial record and legacy of more than 150 years in banking. Most importantly, we put people first, cultivating and treasuring meaningful relationships with the customers we serve, the colleagues we support and the communities where we live and work.

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