Assistant Product Manager Everyday Banking

2 weeks ago

Sydney, Australia AMP Full time

Assistant Product Manager Everyday Banking

If you live in Australia or New Zealand, you've likely heard of AMP. But at a time when society is changing, we are too. We're now a nimbler business with new leadership and thinking.

For us, these are exciting times. There's a real potential for big thinkers to help us redefine what financial services could be. And turn our legacy into something even more positive and powerful for the future.

**Help people create their tomorrow, while you create yours**

We help people with their banking, super, retirement and finances. Through upturns, downturns, recessions, and major life transitions. Every day, we help people see and make more of their financial potential, so that they can create their tomorrow. And we've been doing it for over 170 years.

If we do our job well, we genuinely add to the prosperity of our country and its people.

**How you'll make an impact**

The purpose of this role is to ensure AMP Bank has the optimal deposit product features and pricing for current deposit products to meet its growth and margin targets and overall strategy. The role will assist the Everyday Banking Senior Product Manager in developing the product strategy for current products, pricing, continuous improvement, and operational execution.

This role will also be critical in working closely with 'Project Thomas' in managing the pricing and funding mix across all deposits. Project Thomas is the project building a new digital banking platform for AMP Bank using the SaaS 'Engine' platform (the technology underpinning the UK Bank 'Starling'). This platform will be used for a new division of the Bank which will look to manage the transaction needs of smaller businesses from early 2025.

This role will also be responsible for assisting the Everyday Banking Senior Product Manager in managing the run-off and simplification of current deposit products as the Bank builds up deposits on the new Engine platform including co-ordinating customer communications and appropriate disclosures whilst continuing to meet volume and margin targets.

You'll make an impact by:

- Continually monitoring volumes and competitor movements to ensure in line with expectations and propose repricing as required.
- Represent Everyday Banking at Product and Pricing Committee to update position of deposit portfolio, and seek approval of pricing and product recommendations
- Manage and approve requests for discretionary pricing
- Manage customer complaints relating to pricing or product features for Everyday Banking products.
- Develop models and improved processes to develop pricing and to measure product profitability and performance.
- Support the Everyday Banking Senior Product Manager

**What you will bring to the team**
- 3+ years experience in Financial Services/Banking
- Preparation of business cases, product positioning and pricing proposals preferred
- Deposit Product Management in a Bank, ADI or specialist banking service provider
- Excellent organisation and prioritisation skills
- Strong analytical skills

**You'll thrive here if...**

If you can adapt from BAU to the ambiguous with ease, you'll do well here. Change is never easy, so bring your commitment, grit and growth mindset.

Because we run lean, you'll be expected to jump in and deliver across a variety of areas. Meaning, you'll be closer to the action and executive decisions that influence where we go next.

If you're someone that can hold their own, you'll find AMP quite liberating.

**Why we think you'll love working at AMP**

Doing what we've always done is not an option, so your clever ideas will get airtime here. You'll be encouraged to speak up and try new things. If they don't work, we move on - better for it.

We know there's no one way of doing things. So, you won't have to sacrifice who you are or how you work to fit in here. We're inclusive and flexible in many of the ways you'd expect. And in some of the ways you wouldn't. As long as your health and wellbeing come first - at home and at work.

In fact, most of what makes AMP such a welcoming, enjoyable place to work are our people. Wherever you go, you'll find moments to connect, feel valued and do meaningful work.

Whether it's through our first-class leaders who are invested in you and your success. Through year-round opportunities to volunteer, fundraise and give back to the community. Or in the everyday challenges you face as we work together to strengthen this great organisation. Challenges that will stretch you, amplify your potential and compound the impact you have.

**We believe in the power of inclusion and diversity**

We're dedicated to fostering inclusion, diversity, and a warm feeling of belonging at AMP. It sparks creativity, ignites innovation, and turns up the dial on the quality of our decisions and performance. This not only makes our workplace more engaged, but also leads to better connections with our customers.

We're your allies in the search for the perfec

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