Senior Product Manager Consumer Checking

* This position can be located near any of our regional headquarters - Indianapolis, IN:
Columbus, OH:
Farmington Hills, MI:
Monroe, MI*

First Merchants Bank is seeking a Senior Product Manager Consumer Checking to join our team! This position plays a pivotal role in shaping and driving the strategic direction of financial products within a designated Line of Business (LOB), specific to the Consumer Bank Checking product suite. This role demands a deep understanding of customer needs, market dynamics, and regulatory requirements to ensure products are not only competitive and compliant but also aligned with broader business objectives.

The Senior Product Manager acts as a product champion, influencing cross functional teams and senior leadership to deliver innovative solutions that enhance customer experience and drive sustainable growth.

• Product Strategy & Roadmap
  • Develop and continuously refine the product vision, strategy, and multi-year roadmap to reflect evolving market trends and customer expectations. Conduct in-depth market research, customer segmentation analysis, and competitive benchmarking to inform strategic decisions. Ensure alignment of product strategy with enterprise-wide goals and LOB-specific priorities, fostering collaboration across departments to execute strategic initiatives.
• Financial Ownership
  • Own the product-level Profit & Loss (P&L), including pricing strategies, revenue targets, and cost management. Monitor key financial metrics such as revenue growth, margin performance, and cost-to-serve to ensure profitability and operational efficiency. Develop robust business cases for product enhancements, new feature development, and strategic investments, presenting recommendations to executive leadership.
• Product Performance & Optimization
  • Track and analyze product performance indicators including adoption rates, customer retention, and market share. Identify and prioritize opportunities for product growth, customer engagement, and process optimization. Collaborate with analytics teams to build and maintain dynamic KPI dashboards that provide actionable insights for decision making.
• Compliance & Risk Management
  • Ensure all products adhere to applicable regulatory requirements and internal risk management standards. Work closely with Legal, Compliance, and Risk teams to conduct audits, manage product reviews, and address emerging risks. Proactively identify compliance gaps and implement mitigation strategies to safeguard the organization and its customers.
• Cross-Functional Collaboration
  • Partner with digital and platform teams to digitize and modernize product offerings, enhancing customer accessibility and experience. Engage with Operations, Marketing, Technology, and Customer Service teams throughout the product lifecycle to ensure seamless execution and support. Facilitate cross-functional workshops and steering committees to drive alignment and accountability across stakeholders.

• Bachelor's degree in business, marketing or a related field of study.
• A minimum of five (5) years of product management experience specific to Consumer Bank Checking Accounts.

• Master of Business Administration

• Base Pay PLUS Bonuses
• Medical, Dental and Vision Insurance
• 401k
• Health Savings and Flexible Spending Accounts
• Vacation/Sick Time
• Paid Holidays
• Paid Parental Leave
• Tuition Reimbursement
• Additional Benefits

First Merchants is guided by a genuine philosophy of being a meaningful place to work and having a prosperous impact across all walks of life throughout the communities we serve, including consumers, businesses and other organizations. Our Vision, Mission and Team statement reflect and reinforce that authentic service philosophy.

To enhance the financial wellness of the diverse communities we serve.

To be the most responsive, knowledgeable, and high-performing financial organization for our clients, teammates, and shareholders.

"We are a collection of dynamic colleagues with diverse experiences and perspectives who share a passion for positively impacting lives. We are genuinely committed to attracting and engaging teammates of diverse backgrounds. We believe in the power of inclusion and belonging."

Apply today to begin your career with us!

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities. This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.