Product Development Manager at Careerbuilder in New York, New York

Posted in Other 6 days ago.

Job Description:


CIT is a leading national bank focused on empowering businesses and personal savers with the financial agility to navigate their goals. CIT Group Inc. (NYSE: CIT) is a financial holding company with over a century of experience and operates a principal bank subsidiary, CIT Bank, N.A. (Member FDIC, Equal Housing Lender). The company's commercial banking segment includes commercial financing, community association banking, middle market banking, equipment and vendor financing, factoring, railcar financing, treasury and payments services, and capital markets and asset management. CIT's consumer banking segment includes a national direct bank and regional branch network. Discover more at .


Generally has responsibility for a single Cash Management product or a set of less complex product (s). Identifies product development and tactical plans based on voice of the customer and industry trends. Maintains financial responsibility for product (s) which includes P&L accountability for revenue, profit margins, etc. May act as an individual contributor or may lead a smaller team in developing and/or influencing product strategy and developing and driving products in Cash Management. Provides comprehensive solutions to complex problems or needs. Has extensive technical or functional knowledge of product(s) managed.

This role is a unique opportunity to help shape the future of electronic payments in the US. The payments product management team is responsible for driving product strategy, technology development and commercialization for US electronic/digital payments. Specifically, the role will be responsible for:

  • Develop product strategy for ACH / Real-time Payment / Wire and related fraud protection products.

  • Create business cases for market growth initiatives and investment.

  • Drive ACH / Wire digital technology roadmap, including API strategy

  • Manage execution of investment program.

  • Develop client relationships and represent the "voice of the client"

  • Support large client deals P&L management and revenue planning

  • Partner with Sales, Technology, Operations, Service, and Risk management on strategic development and execution


  • Experience with a variety of digital payment types and solutions.

  • General understanding of web services and backend technical processes.

  • Ability to mix technical knowledge with practical real world experience to bridge between business and technology.

  • Understanding of sales process to traditional customers (corporate clients, merchants and technology partners).

  • Project management, and matrix-management skills are critical.

  • Ability to influence internal and external business partners

  • Business Acumen with the ability to provide solutions that drive positive results to the customer and client.

  • Attention to detail

  • Self-motivated with a proven track record of delivering success while operating within a team environment

  • Embody the client leadership principles: demonstrate courage & resolution; encourage teamwork, integration, & inclusion; execute the global strategy; inspire & empower; operate with a sense of urgency.

  • Transformational strategic thinker and entrepreneurial spirit.

  • Ability to execute large, complex projects.

  • Experience working with broad, cross-functional teams.

  • Outstanding written and verbal communication skills, including ability to present to senior management.

  • Exceptional analytic ability, including how to make complex problems simple.

  • Experience with end-to-end product management Cash management / transaction services experience required.

  • Bachelor's Degree / MBA Preferred