Retail Product Manager III

Sovereign Bancorp, Inc., ("Sovereign") (NYSE: SOV), is the parent company of Sovereign Bank, a financial institution with principal markets in the Northeastern United States. Sovereign Bank has 750 community banking offices, over 2,300 ATMs and approximately 12,000 team members.  Sovereign offers a broad array of financial services and products including retail banking, business and corporate banking, cash management, capital markets, wealth management and insurance. For more information on Sovereign Bank, visit or call 1-877-SOV-BANK.  ESSENTIAL DUTIES and RESPONSIBILITIES: Administer weekly pricing meetings with Treasury, Sales and Product Work with treasury to track and monitor funding costs, spreads and relevant market indexes that impact rates. Insure appropriate transfer pricing is in place for each product Develop models and forecasts to provide vision into the total portfolio impact of pricing changes, trade-offs and balances necessary to manage total retail P&L.  Develop and maintain forecast models to estimate the impact of rate changes on balances, margins and profitability. Participate in strategic planning process to develop a consistent approach and forecast for transfer pricing, etc. Manage the retail level fee forecasting process.  Coordinate and work with Product managers to estimate the impact of service fee changes on revenue. Develop pricing strategies across product lines.  Analyze portfolio profitability, margin and originations and work with product managers to support recommendations for pricing consistent with meeting annual goals.  Conduct rigorous balance sheet analytics in support of structural and/or promotional pricing considerations to forecast financial impact or recommended actions. Interface with, and build strong working relationships with, all areas of the organization as necessary to develop and deploy consistent financial reporting. Other duties as assigned or requested EDUCATION / EXPERIENCE and QUALIFICATIONS: A Bachelor’s Degree preferably in Business, Economics or Finance.  Advanced degree is a plus A minimum of 10 years in financial services with background in finance and/or accounting, planning and product management. Strong problem solving/research skills; Flexible schedule with attention to detail/accuracy; Strong mathematical and analytical skills; Strong written and verbal communication skills; Ability to work on multiple projects simultaneously Experience working with Treasury, Corporate Planning and Finance areasTo apply to this position: Please go to www.sovereignbank.com, select the “About Sovereignâ€� tab, and then select the “Careersâ€� tab. This will take you to a screen where you will select “Employment Opportunitiesâ€�. Chose the “Advanced Searchâ€� and fill in Job ID# 34795. Select the position for which you are applying and please upload OR copy and paste your resume onto the application.   ABOUT SOVEREIGN:Sovereign Bancorp, Inc., (“Sovereignâ€�) (NYSE: SOV), is the parent company of Sovereign Bank, afinancial institution with principal markets in the Northeastern United States. Sovereign Bank has750 community banking offices, over 2,300 ATMs and approximately 12,000 team members. Sovereign offers a broad array of financial services and products including retail banking, business andcorporate banking, cash management, capital markets, wealth management and insurance. For moreinformation on Sovereign Bank, visit http://www.sovereignbank.com or call 1-877-SOV-BANK.We value the advantages afforded only through a diversework force and encourage all to apply. EOE M/F/D/V