Deposit Growth Officer - To $150K - Arlington, VA - Job # 3404b

Deposit Growth Officer – To $150K – Arlington, VA – Job # 3404b

Who We Are

The Symicor Group is a boutique talent acquisition firm based in Lincolnshire, IL & Rockport, TX. Our nationally unique value proposition centers around providing the very best available banking and accounting talent. In fact, most of our recruiters are former bankers or accountants themselves!

We know how to evaluate the very best banking and accounting talent available in the market. Whether you are a candidate seeking a new opportunity or a bank or company president trying to fill an essential position, The Symicor Group stands ready to deliver premium results for you.

The Position

Our bank client is seeking to fill a Deposit Growth Officer role in the Arlington, VA area. The position is responsible for overseeing and managing deposit-related activities at the Bank. The CDO develops and implements strategies to grow and maintain the bank’s deposit base, enhance customer relationships, and ensure the profitability and competitiveness of deposit products. This individual works closely with other executives and operational teams to align the overall strategy with deposit growth initiatives while adhering to regulatory standards.

The position offers a generous salary of up to $150K and a full benefits package. (This is not a remote position).

Deposit Growth Officer responsibilities include:

• Develop and execute the bank’s deposit growth strategy to increase market share, balance sheet growth, and overall profitability.
• Provide leadership oversight and guidance to the teams fueling deposit-related activities, including Commercial, Specialty Deposits, Banking Centers, and Digital Banking teams.
• Identify and implement innovative deposit products, including fintech deposits, and services tailored to the needs of individual and business customers. Lead the creation, management, and enhancement of deposit products and services ensuring they meet the needs of our client base.Collaborate with executive leadership to align deposit growth initiatives with the bank’s overall strategic plan.
• Lead the design, pricing, and management of deposit products and ensure that deposit products remain competitive in the market by analyzing industry trends, customer behavior, and competitor offerings.
• Oversee customer retention programs to reduce attrition and improve the lifetime value of deposit relationships.
• Develop and implement customer acquisition and engagement strategies to grow deposit accounts across various customer segments.
• Foster a strong relationship with key business and retail clients to drive deposits and ensure customer satisfaction.
• Lead initiatives to improve the customer experience and loyalty, leveraging technology to optimize service delivery. Oversee all deposit-related processes to ensure a seamless client experience.
• Ensure all deposit activities comply with federal and state regulations, including adherence to FDIC and other banking requirements.
• Manage deposit-related risks by developing and enforcing internal controls and policies that safeguard the bank’s financial assets.
• Work closely with risk management, legal, and compliance teams to ensure deposit operations meet all regulatory obligations.
• Monitor and report on the financial performance of the deposit portfolio, ensuring alignment with profitability and liquidity goals.
• Analyze performance metrics and make data-driven decisions to optimize deposit pricing and account structures. Use data and research to stay informed about industry trends, customer preferences and competitor products.
• Collaborate with the finance department to forecast deposit growth and its impact on the bank’s financial position.
• Build, lead, and mentor a high-performing deposit management team to support growth objectives.
• Create a culture of accountability, excellence, and customer-centricity within the deposit team.

Who Are You?

You’re someone who wants to influence your own development. You’re looking for an opportunity where you can pursue your interests and your passion. Where a job title is not considered the final definition of who you are, but merely the starting point for your future.

You also bring the following skills and experience:

• 10+ years of banking experience, with at least 5 years in an executive or senior management role, focusing on deposits and treasury management.
• Bachelor’s degree in Finance, Business Administration, or a related field or Master’s degree preferred.
• Strong understanding of banking regulations, deposit products, and financial services.
• Proven track record of growing and managing a deposit portfolio in a competitive market environment.
• Experience managing sales teams and developing incentive programs preferred.
• Excellent leadership, communication, and relationship-building skills.
• Local market knowledge and the ability to develop, retain and expand relationships a plus.
• Ability to set long-term strategies for deposit growth and align them with the bank’s overall goals.
• Past experience leading high-performing teams, fostering collaboration, and driving a high-performance culture.
• Strong competence in analyzing financial data, market trends, and competitor actions to inform decision-making.

The next step is yours. Email us your current resume along with the position you are considering to:

[email protected]