Deposit Portfolio Manager

IDB Bank • New York, NY, United States • $200k - $250k / year • 4w ago

Israel Discount Bank of New York, also known by its registered service mark, “IDB Bank,” is a full-service commercial bank chartered by the State of New York and a member of the Federal Deposit Insurance Corporation (FDIC). Our liquidity and capital ratios are strong, and we are ranked by Crain’s New York Business as the 14th largest commercial bank in the New York area. The Bank provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, sex, sexual orientation, national origin, age, disability, genetic status, citizenship status, marital status, military or veteran status, current unemployment or any other legally protected category in accordance with applicable federal, state and local law.

IDB is seeking an experienced candidate to assist in deposit gathering efforts of Institutional Business and portfolio management of existing clients.

Job Description

Support strategy to grow Institutional Banking business within framework to ensure long-term deposit growth.
Strong customer service, sales, interpersonal, and communication skills; ability to remain positive and customer-focused at all times.
Provides customers with exceptional financial support and recommendations while ensuring the highest levels of service delivery.
Is professional, knowledgeable, and capable of working face-to-face with customers to address complex financial needs.
Work alongside SVP and team to set in motion initiatives that enhance the customer experience in all aspects of deposit management.
Remain informed about current market conditions, routinely conduct competitive analysis to maintain the competitiveness of our deposit services, and actively unearth new avenues for business.
Oversee portfolio costs, establish necessary control measures to manage target balances and rates, while ensuring adherence to internal procedures, compliance standards, and regulations.
Perform timely ongoing annual reviews by effectively understanding KYC/AML onboarding requirements and following compliance policies of desired risk profile of Institutional customers.
Review customer onboarding documentation together with stakeholders to ensure policy guidance is met and any agreements are accurately reflecting the Bank's risk appetite.
Ensure thorough and on-time collection of information such as financial statements, expired Tax Forms or other items needed to be completed for customer profile.
Other ad hoc SME deposit product engagements.

Qualifications

Bachelor's degree in Business, Finance, Marketing or in a related field is a requirement.
Strong deposit product knowledge, customer compliance understanding, organizational skills as well as solid understanding of working in a Treasury Management area or Wholesale Banking segment.
5+ years of experience in working with deposit products, ideally overseeing an institutional or commercial banking portfolio.
Proficient in Jack Henry / Silverlake system environment and with computers and the use of various programs and software applications, including Microsoft Suite (Outlook, Word, Excel, etc.).
Demonstrated strength in understanding funds transfer pricing and forecasting.
Must be able to work as part of a team and with colleagues.
Willingness to take on special projects as they arise.
Should possess strong communication skills (verbal and written).
Ability to work in a collaborative environment while meeting tight deadlines.
Results-oriented with a history of driving business growth, an individual comfortable with change and possessing excellent persuasion skills.

Compensation

The expected annual salary for this position is between $100,000 and $150,000 at the start of employment. A salary offer is determined on an individualized basis, taking into consideration factors such as an individual’s skills and experience. In addition to base salary, our total rewards package also includes eligibility for an annual bonus, medical, pharmacy, dental, and vision plans, life and disability insurance, employee wellness program, retirement and savings plans with employer contributions, generous holiday and paid time off schedules, parental leave, and tuition reimbursement.

Additional Information

The Bank will make reasonable accommodations to the following employees to allow them to perform the essential functions of their position, except where doing so would result in undue hardship to the Bank:

Those with a known mental or physical disability.
Pregnant individuals and/or individuals with pregnancy or childbirth-related medical conditions.
Victims of domestic violence, sex offenses or stalking.
Employees with religious observance and practice obligations.

Any employee who believes he or she needs an accommodation for any of the above reasons should contact their supervisor or a member of Human Resources to request such an accommodation. In each case, the Bank will engage in a good faith written or oral dialogue concerning the individual’s accommodation needs; potential accommodations that may address the individual’s accommodation needs, including alternatives to a requested accommodation; and the difficulties that such potential accommodations may pose for the employer.

The Bank retains the ultimate discretion to choose the appropriate reasonable accommodation. Upon reaching a final determination at the conclusion of the cooperative dialogue, the Bank will provide the requesting individual with a written final determination identifying any accommodation granted or denied. In addition, the Bank will maintain any information regarding the employee’s request and status in the strictest confidence, except as requested by the employee, as required on a need-to-know basis or as otherwise required by law.

Disclaimer

The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. All personnel may be required to perform duties outside of their normal responsibilities from time to time, as needed.

All your information will be kept confidential according to EEO guidelines.

Due to COVID-19, we are now operating on a hybrid schedule. We value the safety of our employees because we’re all in this together.

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