VP, Pricing Strategy Consultant for Deposits and Lending

Location FORT MILL, South Carolina
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VP, Pricing Strategy Consultant for Deposits and Lending - Job Description:

Citibank North America (NA) Consumer Banking has over 30,000 professionals working together to provide consumers with credit card, retail banking, wealth management, small business, mortgage and commercial banking and payment products and services. Within North America Consumer Banking, there are three primary business areas, U.S. Consumer and Commercial Banking, Citi Cards, and the newly formed Global Enterprise Payments business. The pricing team for Consumer and Small Business within US Consumer and Commercial Banking provides market intelligence and pricing strategy and analytics for deposit and lending products. Core products include checking, savings, money market and certificate of deposit accounts as well as home equity loans and lines and unsecured loans and lines. The pricing team is focused on driving significant growth and market share with a disciplined, analytical decision process.The Pricing Strategy and Modeling Consultant is a highly visible position that works on industry leading initiatives with substantial impact to earnings. The individual contributes to the development and execution of loan and deposit pricing strategies in a dynamic test and learn environment. This includes deployment of highly technical and complex quantitative analytics, predictive modeling and statistically sound champion:challenger pricing experiments to advance Citis pricing optimization practice. As a recognized technical authority within the department, the individual will exercise a wide degree of latitude, independence and discretion. The consultant will also monitor and present Citis competitive position, demand trends and financial returns to an executive audience, and recommend changes when needed to maintain a competitive and profitable position in target client segments. Key partners include Product Management, Risk, Decision Management, Finance, Treasury, Legal, Compliance, Sales, Marketing and Citi technology groups. May also engage with external consultants and vendors on projects to enhance the pricing practice. Key responsibilities of this position include: - Apply advanced analytics and statistical and financial tools for portfolio and acquisition analysis to identify optimal pricing actions and analyze impacts to determine success of pricing strategy, offers and tests. Design champion:challenger experiments for pricing - Build tools to enhance and integrate descriptive, predictive and prescriptive demand and financial analytics to streamline the pricing decision process - Monitor and report on demand and performance trends, market share and competitive intelligence; correlate trends with pricing actions; integrate, organize and manage high volume of complex data from multiple sources; prepare and present materials for pricing committee and other executive audiences - Execute on pricing strategy and monitor results for consistency with long and short:term profitability and growth targets - Engage with external vendors and consultants as appropriate QualificationsCandidates must have experience with pricing financial services products and/or finance, risk management, product management or marketing analytics with 5 years of overall experience. Ideal candidates will have both strategic and tactical abilities and strong quantitative aptitude with a keen sense of how to position pricing to maximize success. Requires advanced degree in quantitative field such as, statistics, applied mathematics, economics, finance, MBA, or similar. SAS experience required; SAS/OR (Optmodel) desirable. Predictive modeling and forecasting experience highly desirable. Key, skills include: - Drives Results: the inherent motivation to provide continuous improvement using both business and analytical acumen while developing optimal strategies and tactics to achieve results. Emphasize strategy while maintaining focus on the details for a successful execution. - Analytics: experience utilizing advanced statistics and/or mod

Salary: Competitive

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