Full-Time

Principal Product Owner

Home Loans

Confirmed live in the last 24 hours

Discover

Discover

Compensation Overview

$113.5k - $159.1kAnnually

Senior

No H1B Sponsorship

Wheeling, IL, USA

Must be authorized to work in the United States.

Category
Product Management
Product
Required Skills
Agile
Product Management
Data Analysis
Requirements
  • Bachelor’s Degree in Information Technology, Engineering, Business Administration and Management, Finance, Mathematics, Economics, Statistics or related
  • 6+ years of experience in Product Management or Engineering experience in Financial Services or Tech Industry, or related
  • In lieu of a degree, 8+ years of experience in Product Management or Engineering experience in Financial Services or Tech Industry, or related
  • Thorough knowledge and understanding of Home Loans/Home Equity Loans product, services, policies, procedures and appropriate regulatory requirements as related to daily job function
  • Manage operational and regulatory risk
  • Knowledge of Lending originations process (like Sales, Processing, Underwriting, Closing etc.)
  • Working experience with Loan Origination System (LOS) or Disclosure generation partners or Servicing vendors
  • Manage the overall technology delivery for all the Discover Home Loans applications
  • Streamline release management process by managing risks and resolving challenges by maintaining quality
  • Manage priorities across business unit by setting up a robust, unified roadmap by coordinating between technology, business and vendor partners. Including dependencies
  • Manage release activities as per plan, adhering to milestones and meeting SLAs related to Development, UAT, Performance testing, Go-Live approvals and post-production validations
  • Evaluate the release Cadence to propose changes needed to get to the latest/modern delivery model (SDLC, Waterfall, Agile, etc..) and implement them
  • Align Change and issue management process with Enterprise standards.
Responsibilities
  • Partnering with stakeholders to define the product vision at the team level while prioritizing 'what' the team is working on to deliver value to the customer
  • Assesses the performance of and shapes the structure and direction of new/existing product lines and develops or assists in developing and executing strategic product plans
  • Assists the team in achieving specific goals for each product, including evaluating product performance, and identifying innovations to deliver business value and address customer needs to improve the product's performance
  • Actively manages and escalates risk and customer-impacting issues within the day-to-day role to management
  • Builds product backlog, prioritizes its items to achieve Objectives and Key Results (OKRs) and continuously keeps it up to date
  • Holds meetings with the product team to continuously update product backlog
  • Ensures product features and processes align with applicable Discover compliance and risk management standards
  • Ensures product adheres to the highest quality standards, including releasing security patches not linked to customers
  • Participates in the development of Key Performance Indicators (KPIs) and Objectives and Key Results (OKRs) for the product team and ensure alignment with senior leadership
  • Creates and/or maintains key product documentation (e.g., customer journey map, technical specs, process mapping, etc.)
  • Identifies and defines key non-functional requirements (e.g., security, availability, performance, etc.) to achieve necessary product metrics
  • Define and execute strategic product roadmaps to build new products, enhance existing products, or improve performance
  • Interacts and collaborates with stakeholders on key product considerations and aligns with product vision, features and roadmap
  • Leverages customer insights, feedback, financials, compliance, and risk data to define product features and roadmap in partnership with other SMEs
  • Contributes to defining the Minimum Viable Product (MVP) and responsible for delivering MVP/ features/user stories for delivery product roadmap
  • Defines functional and non-functional product requirements; ensure completeness; integral and consistent; source of requirements for product team
  • Creates and validates user story acceptance criteria
  • Defines and ensures appropriate testing frameworks for product features (e.g., market testing, functional performance, etc.)
  • Works with Data stewards in their respective LOBs to ensure required Data quality controls are identified and implemented
  • Inspect and evaluate product progress through each iteration
  • Partners with business technology to create technical features that are required to continuously optimize system components and underline infrastructure maintenance
  • Identify sources, monitor, analyze (Business Analysis), test, and interpret key product performance metrics including financials, network volumes, other key statistics, and internal/external customer feedback trends, industry trends, research findings, and competitive innovations then develop and communicate findings, and make strategic and tactical recommendations for performance improvements throughout the product lifecycle
  • Collaborate with cross functional teams to develop and execute go-to-market strategies
  • Builds a culture of accountability and ownership by empowering the product team to make decisions as close to the work as possible
  • Serve as business lead on cross-functional teams and assist in managing dependencies with other team's functions while identifying, building, and managing strategic partnership across different product teams

Company Stage

N/A

Total Funding

N/A

Headquarters

N/A

Founded

N/A