Senior Deposit Product Manager

Wintrust provides community and commercial banking, specialty finance and wealth management services through its 16 bank charters and nine non-bank businesses. Wintrust delivers the sophisticated solutions of a large bank while staying true to the relationship-focused, personalized service of our community banking roots. We serve clients in all 50 states with more than 200 branch banking locations in Illinois, southwestern Florida, northwestern Indiana, west Michigan and southern Wisconsin and commercial banking offices in Chicago, Denver, Milwaukee, Grand Rapids, Mich., and in key branch banking locations throughout Illinois. Our people are the heart of our business and we are proud to rank consistently as a top place to work. Wintrust is a $66 billion financial institution based in Rosemont, Illinois, and listed on the NASDAQ Global Select Market under the symbol “WTFC.”

Why join us?

• An award-winning culture! We are rated a Top Workplace by the Chicago Tribune (past 12 years) and Employee Recommended award by the Globe & Mail (past 6 years)
• Competitive pay and discretionary or incentive bonus eligible
• Comprehensive benefit package including medical, dental, vision, life, a 401k plan with a generous company match and tuition reimbursement to name a few
• Family-friendly work hours
• With 200+ community bank locations, we offer opportunities to grow and develop in your career
• Promote from within culture

Position Overview:

Reporting to the Director, Retail & Small Business Deposit Performance, the Senior Deposit Product Manager serves as a key contributor responsible for managing the day-to-day performance, evolution, and operational execution of retail and small business deposit products. This role combines product management, business analysis, and operational expertise to identify growth opportunities, implement product and pricing initiatives, improve processes, and ensure a competitive and well-governed deposit portfolio.

What you’ll do:

Deposit Product Performance & Portfolio Management

• Monitor balances, account growth, attrition, portfolio mix, and profitability
• Analyze pricing effectiveness, promotional performance, and customer behaviors.
• Develop recommendations to improve growth, retention, and customer engagement.
• Support annual budgeting, forecasting, and performance planning.
• Conduct competitor and market analyses.
• Prepare performance reporting and executive summaries.

Product Development & Implementation

• Manage day-to-day product lifecycle activities.
• Develop business requirements and process documentation.
• Coordinate implementation of product enhancements and new offerings.
• Lead user acceptance testing (UAT) and business validation activities.
• Manage product-related project deliverables and timelines.
• Partner with technology teams on system enhancements and releases.

Deposit Operations Partnership & Process Improvement

• Partner with Deposit Operations to identify customer and operational pain points.
• Perform root-cause analysis for recurring issues.
• Recommend and implement workflow improvements.
• Support operational readiness for product and system changes.
• Assist with procedure updates and process documentation.
• Evaluate automation opportunities and operational efficiencies.

Risk, Compliance & Governance

• Review proposed product changes for compliance impacts.
• Coordinate with Compliance, Risk, Legal, and Audit teams.
• Support audits, exams, issue remediation, and control reviews.
• Maintain product documentation, disclosures, and governance materials.
• Monitor regulatory developments impacting deposit products

Vendor, Channel & Stakeholder Management

• Partner with digital banking, marketing, retail banking, treasury, and finance teams.
• Participate in vendor relationship management and ongoing performance reviews.
• Coordinate communication and training for product changes.
• Represent product management in cross-functional working groups.

Qualifications:

• 3-5 years of related experience.
• 5+ years working in a financial services environment with an emphasis on Project Management, Operations, Analysis, and Implementation.
• Strong expertise in a collaborative work environment.
• Excellent written and verbal communication skills.

Benefits:

Medical Insurance • Dental • Vision • Life insurance • Accidental death and dismemberment • Short-term and long term Disability Insurance • Parental Leave • Employee Assistance Program (EAP) • Traditional and Roth 401(k) with company match • Flexible Spending Account (FSA) • Employee Stock Purchase Plan at 5% discount • Critical Illness Insurance • Accident Insurance • Transportation and Commuting Benefits • Banking Benefits • Pet Insurance

Compensation:

The estimated salary range for this role is $85,000 - $100,000, along with eligibility to earn an annual bonus. Actual salaries may vary based on several factors, such as a candidate’s qualifications, skills, and experience.

LI-HYBRID

From our first day in business, Wintrust has been proud to serve a variety of unique communities and people from all walks of life. To build a company that reflects the communities we serve, we believe that fostering a unique and inclusive workplace where everyone feels valued and empowered to succeed will support our ongoing success. Wintrust Financial Corporation, including community banking and financial services subsidiaries, is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, national origin, disability, veteran status, genetic information, and other legally protected categories.