Plans and directs all aspects of retail banking product development and implementation. Responsible for the overall design and marketing of products that are competitive and profitable. Researches new trends and studies competitors offerings. Reviews existing products and develops enhancements. Recommends an overall strategy for all retail products as well as for each product line. May require an advanced degree. Typically reports to top management. Manages a departmental function within a broader corporate function. Develops major goals to support broad functional objectives. Approves policies developed within various sub-functions and departments. Comprehensive knowledge of the overall departmental function. Typically requires 8+ years of managerial experience.
These charts show the average base salary (core compensation), as well as the average total compensation for the job of Top Retail Banking Product Executive in the United States. The base salary for Top Retail Banking Product Executive ranges from $142,584 to $220,058 with the average base salary of $180,117. The total compensation, which includes bonus, health and retirement, can vary anywhere from $151,564 to $235,645 with the average total compensation of $191,075.