VP, Product

Medallion BankSalt Lake City, UT

Apply with Sonara

Automate your job search with Sonara.

Submit 10x as many applications with less effort than one manual application.¹

Reclaim your time by letting our AI handle the grunt work of job searching.

We continuously scan millions of openings to find your top matches.

Overview

Schedule

Full-time

Career level

Director

Remote

Hybrid remote

Benefits

Career Development

Job Description

About Medallion Bank

Medallion Bank is an FDIC‑insured, Utah‑chartered industrial bank headquartered in Salt Lake City. We specialize in point‑of‑sale consumer financing delivered through recreation dealers (RV, marine) and home improvement contractors, and we support strategic partners with Banking‑as‑a‑Service lending programs.

Role Summary

The VP, Product leads product, pricing, and user experience across Medallion Bank's recreation and home improvement lending businesses. This leader will build and scale a modern product organization-loan product management & development, online/offline UX, and competitive intelligence-while partnering closely with Sales, Credit/Risk, Technology, Marketing, Operations/Servicing, Finance, Legal/Compliance, and Executive Leadership. The mandate: accelerate profitable loan volume growth, identify specialty lending segments, align to competitive markets, raise approval and conversion rates, and deliver a best‑in‑class borrower and partner experience with uncompromising regulatory rigor.

Key Responsibilities

Own the multi‑year product strategy & roadmap across partner channels (dealer/contractor and embedded/POS), aligning to growth goals, risk appetite, funding/capital plans, and regulatory obligations.
Assess and lead new loan product development and enhancement (secured/unsecured installment, promotional APR, same‑as‑cash, revolving lines, credit card, etc.) and feature delivery from discovery to launch to iteration with clear OKRs/KPIs (approval, conversion, NIM/ROA, loss rates, NPS/CSAT).
pricing: build rate/fee/promotional constructs and risk‑based pricing; partner with Credit/Risk and Finance on tests that optimize unit economics while maintaining loss discipline.
Partner with Credit/Risk & Data Science on underwriting policy and decisioning: evaluate scorecards, cash‑flow/alt‑data, fraud controls, and verification workflows.
Lead end‑to‑end borrower and partner experiences across online and offline journeys (pre‑qual, app, verification, decisioning, funding, servicing/collections) including dealer/contractor and internal user interfaces ensure accessibility and inclusive design.
Scale POS enablement for home improvement contractors and recreation dealers (APIs/UIs, partner portals, training and sales enablement) in tight coordination with Sales.
Institutionalize competitive intelligence (rates, terms, SLAs, merchant incentives, UX patterns); convert insights into roadmap, recommended pricing moves, and channel strategies.
Embed Legal/Compliance and Audit throughout the lifecycle to ensure controls for Reg Z/E, UDAAP, FCRA, ECOA, privacy, and FFIEC expectations; deliver clean exams and audit outcomes.
Build and lead a high‑performing product organization (loan product managers, UX research/design, Competitive Intelligence (); establish operating rhythm (QBRs, Program Increment (planning), dashboards, and experimentation practices.
Drive cross‑functional execution with Engineering/Platform/Decisioning, Operations/Servicing, Sales, and Marketing; clear dependencies, sequence delivery, and communicate trade‑
Represent Product in and with key channel partners; present performance, insights, and investment cases with clarity and data.

Qualifications

10+ years in financial services product management with 5+ years leading consumer lending products at a bank/fintech/credit union; proven P&L ownership and scaled delivery.
Demonstrated cooperative leadership of pricing and portfolio performance (growth vs. losses; approval vs. yield; acquisition vs. retention).
Hands‑on leadership of digital UX and assisted/partner experiences; strong experimentation (A/B, incrementality) and analytics skills.
Fluency partnering with Credit/Risk and Data Science on underwriting, policy, and decisioning platforms; familiarity with fraud/identity controls.
Regulatory fluency and experience embedding compliance by design (Reg Z/E, UDAAP, FCRA, ECOA; FDIC/State expectations).
Executive‑level communication and influence across Sales, Tech, Finance, and the C‑suite; ability to recruit, coach, and scale teams.

Physical Environment

In office work required with hybrid work permitted as needed.
Overtime and some travel may be required.

Special Requirements

Required to pass a background check and maintain a clear background.

Automate your job search with Sonara.

Submit 10x as many applications with less effort than one manual application.

Apply with Sonara Apply manually

FAQs About VP, Product Jobs at Medallion Bank

What is the work location for this position at Medallion Bank?

This job at Medallion Bank is located in Salt Lake City, UT, according to the details provided by the employer. Some roles may also include multiple work locations depending on the requirement.

What pay range can candidates expect for this role at Medallion Bank?

Employer has not shared pay details for this role.

What employment applies to this position at Medallion Bank?

Medallion Bank lists this role as a Full-time position.

What experience level is required for this role at Medallion Bank?

Medallion Bank is looking for a candidate with "Director" experience level.

What is the process to apply for this position at Medallion Bank?

You can apply for this role at Medallion Bank either through Sonara's automated application system, which helps you submit applications 10X faster with minimal effort, or by applying manually using the direct link on the job page.