MUFG Union Bank Deposits Pricing Analytics Lead, Director in Los Angeles, California
Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 5th largest financial group in the world (as ranked by S&P Global, April 2018) with total assets of over $2.9 trillion (106.2 (JPY) as of March 30, 2018) and 150,000 colleagues in more than 50 countries. In the U.S., we’re 13,000 strong, working together to positively impact every customer, organization, and community we serve. At Union Bank, we aim to be the premier and most-trusted West Coast bank, serving customers with high-touch, local delivery and global capabilities as we leverage our rich, 150-year history. This is all part of our inclusive, high-performing culture supported by competitive Total Rewards, including our cash balance pension plan. Join a team that’s working to fulfill its vision to be the world’s most trusted financial group.
Reporting directly to the Head of Deposit Pricing and Portfolio Management, the Deposit Pricing Analytics Lead is responsible for researching, developing, and implementing new pricing strategies as market conditions continue to shift. Pricing strategies developed will drive the banks strategic retail deposit pricing and portfolio. Deposit strategy established by working with senior leaders across multiple functions to understand business priorities coupled with statistical analysis, elasticity scoring, and data-driven recommendations. Additional factors for deposit pricing will include leveraging competitive analyses and risk management objectives. Management or Supervision: No
Design and implement deposit pricing strategies across Union Bank and PurePoint brands Work with senior leadership, understanding risk coupled with desired favorable results through pricing.
Model pricing decisions with “what if” scenario analysis and rate optimization Research, develop and implement new pricing strategies through statistical analysis, elasticity scoring, and data-driven recommendations; ensure alignment with broader bank deposit portfolio strategy.
Responsible for executing retail deposit pricing activities, including competitive research, impact analysis of potential/proposed pricing strategies, and appropriate measurement of pricing actions and related objectives.
Partner closely and effectively with treasury teams to ensure statistically based modeling is appropriately incorporated into pricing strategies and analysis.
Collaborates with product management, marketing, finance, and sales teams to manage holistic execution of pricing strategies and tactics.
Leverage statistical models and advanced pricing tools and analytics to optimize deposit portfolio balances, spreads, and interest rates based on market, channel, brand, and competitive dynamics.
Analyze customer-level portfolio metrics with competitive data to understand trends and identify portfolio optimization opportunities.
Drive precision in pricing decisions to maximize efficient frontier of volume and profit.
Calculate and leverage critical portfolio metrics such as vintage and duration analytics and term deposit roll behavior.
Dynamically incorporate expected shifts in rate and competitive environment into pricing strategies and balance optimization tactics.
Analyze marginal cost of funds and trade-off between various campaigns and pricing actions.
Manage various rate schedules and pricing tiers across various products, geographies, term structure, and customer-level cohorts.
Develop deep knowledge of retail deposit market and competitor pricing strategies by market and channel.
Provide support for update and approval processes to Consumer Bank executive groups and updates taken to bank-wide pricing and interest rate committee, asset liability committee, and other governance bodies.
Develop and execute analytical pricing models to support pricing strategies and related tactics.
Maintain compliance with all regulatory requirements related to pricing and portfolio management.
Drive judicious and compliant development and maintenance of applications and analytical tools to develop, test, deploy, and validate pricing models.
Develop, cultivate, and manage relationships and a strong culture of ethics to ensure an appropriately collaborative environment with all stakeholders.
Ensure timely completion of all internal and external compliance, training, and risk management requirements
Over 10 years of both management experience and Retail deposit pricing and portfolio management experience, as well as prior experience with deposit elasticity modeling required
10 years functional work experience Superior communication and analytical skills
Advanced Excel skills and analytical modeling capability
Capable of executing and implementing deposit pricing, portfolio management and non-interest income strategies
Effective team work and team building skills
Ability to interface with senior management preferred
Graduate degree or equivalent preferred in a quantitative field (e.g. Economics, Finance, Statistics/Mathematics, and/or CFA designation)
The above statements are intended to describe the general nature and level of the work being performed. They are not intended to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified .
We are proud to be an Equal Opportunity / Affirmative Action Employer and committed to leveraging the diverse backgrounds, perspectives, and experience of our workforce to create opportunities for our colleagues and our business. We do not discriminate in employment decisions on the basis of any protected category.
A conviction is not an absolute bar to employment. Factors such as the age of the offense, evidence of rehabilitation, seriousness of violation, and job relatedness are considered in all employment decisions. Additionally, it’s the bank’s policy to only inquire into a candidate’s criminal history after an offer has been made. Federal law prohibits banks from employing individuals who have been convicted of, or received a pretrial diversion for, certain offenses.
Primary Location: WASHINGTON-Seattle
Other Locations: CALIFORNIA-Los Angeles, CALIFORNIA-Irvine
Schedule Full Time
Req ID: 10029522-WD