Ford Motor Company · 13 hours ago
Director of Bank Products
Salt Lake City, UT
Full-time
Hybrid
Director/Executive
10+ years expFord Motor Company is a global automotive leader committed to innovation and excellence. They are seeking a Director of Bank Products to lead the strategic direction, development, and performance of their new bank's products, ensuring alignment with the overarching business plan and market opportunities.
AutomotiveAutonomous VehiclesManufacturingTransportation
No H1B
Responsibilities
Define and articulate a compelling product vision and strategy that supports the bank's long-term goals, customer needs, and competitive positioning
Lead ongoing market research, competitive analysis, and customer segmentation studies to identify new product opportunities, assess market trends, and understand evolving customer behaviors
Oversee the entire product lifecycle, from ideation and concept development through design, launch, performance monitoring, enhancement and eventual retirement
Drive the development of innovative and competitive banking products (e.g., deposit accounts, lending products, digital solutions) by collaborating closely with cross-functional teams including IT, Operations, Marketing, Legal, Compliance, and Risk Management
Develop robust business cases for new product initiatives, including financial projections, risk assessments, and resource requirements, ensuring alignment with the bank's profitability targets and risk appetite
Ensure all product offerings and development processes adhere to relevant banking regulations, internal policies, and risk management frameworks
Establish key performance indicators (KPIs) for all products, regularly monitor performance, analyze results, and recommend strategies for optimization, growth, and profitability
Collaborate with Marketing and Sales teams to develop effective go-to-market strategies, launch plans, and communication materials for new and enhanced products
Guarantee that all product development and management activities are fully consistent with and contribute to the bank's approved business plan and strategic objectives
Lead the annual process for developing and updating the bank's comprehensive three-year strategic plan, ensuring a structured, data driven, and collaborative approach
Conduct thorough internal and external environmental scans, including macroeconomic trends, industry shifts, technological advancements, regulatory changes, and competitive landscape analysis, to inform strategic direction
Facilitate the definition of clear, measurable, achievable, relevant, and time-bound strategic objectives and key performance indicators (KPIs) that cascade across the organization
Partner with senior leaders across all business units (e.g., Retail, Commercial,, Operations, IT, Finance) to gather input, align on priorities, and integrate departmental strategies into the overall bank plan
Develop comprehensive strategic plan documents, presentations, and supporting materials that clearly articulate the bank's vision, mission, strategic pillars, objectives, initiatives, and expected outcomes
Present the strategic plan to the bank's senior leadership team, facilitate discussions, incorporate feedback, and secure their endorsement prior to Board submission
Confidently present the strategic plan to the Bank's Board of Directors, effectively communicating the strategic rationale, financial implications, and execution roadmap to gain their formal review and approval
Establish and manage a robust framework for monitoring the execution progress of the strategic plan, regularly reporting on key milestones, performance against KPIs, and any necessary adjustments to senior leadership and the Board
Interface with the Bank’s regulators including the FDIC and Utah Department of Financial Institutions, take the lead on product and strategy related exam questions and responses
Travel approximately 20% of the time
Qualification
Required
Bachelor's degree from an accredited four-year college or university in business administration, finance or related field required, advanced degree in business or related field is ideal
10+ years in Bank strategy required
10+ years of management experience
Proven track record of leading and developing high-performing teams, fostering collaboration, and influencing stakeholders at all levels of an organization, including executive leadership and Board members
Exceptional analytical and strategic thinking capabilities, with the ability to synthesize complex information, identify critical issues, and develop innovative solutions
Deep understanding of banking products, services, market dynamics, competitive landscape, and regulatory environment
Strong project management skills, with the ability to manage multiple initiatives concurrently and drive them to successful completion
Strong written, verbal, presentation, and organization skills
High emotional intelligence with proven ability to motivate, mentor and coach others
Effectively and self-sufficiently solves problems with effective results
Preferred
Successfully interact with and influence senior leadership, including executive management
Benefits
Immediate medical, dental, vision and prescription drug coverage
Flexible family care days, paid parental leave, new parent ramp-up programs, subsidized back-up child care and more
Family building benefits including adoption and surrogacy expense reimbursement, fertility treatments, and more
Vehicle discount program for employees and family members and management leases
Tuition assistance
Established and active employee resource groups
Paid time off for individual and team community service
A generous schedule of paid holidays, including the week between Christmas and New Year’s Day
Paid time off and the option to purchase additional vacation time.
Company
Ford Motor Company
We don't just make history -- we make the future.
10001+ employees
Funding
Current Stage
Public CompanyTotal Funding
$16.23BKey Investors
US Department of EnergySoros Fund Management
2025-07-29Post Ipo Debt· $3B
2023-08-17Post Ipo Debt· $4B
2023-06-22Debt Financing· $9.2B
Leadership Team
James Farley
Chief Executive Officer
Efrat Barit
COO
Recent News
2026-01-25
2026-01-24
Company data provided by crunchbase