Product Jobs in Rutherford, NJ

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Retail Risk Product Owner

Rose International Rutherford, NJ

Rutherford, NJ

Today

$100 - $110/hr Full time Data Analytics Product Development Product Management

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Job Description

The Retail Risk Product Owner will lead product development and ongoing enhancements for a new Loss Forecast Platform supporting CCAR and internal loss forecast workflows. This role defines the product direction and partners with agile teams to deliver a robust, scalable, and compliant platform in a regulated environment.

Role & Responsibilities

Lead the development and enhancement of a new Loss Forecast Platform for use in CCAR and internal loss forecast processes.
Act as the connection point between Retail and Wealth Risk business needs, risk management requirements, and technical development teams.
Define product vision, strategy, roadmap, and feature priorities for next-generation risk analytics and forecasting capabilities.
Ensure the platform is robust, scalable, and compliant, including alignment with business objectives and regulatory expectations.
Conduct market research, competitive analysis, and gather stakeholder feedback to identify opportunities and inform product decisions.
Translate strategic objectives into detailed product requirements and user stories to improve execution efficiency.
Serve as primary liaison across risk management, finance, technology, and other stakeholders to capture, analyze, and prioritize requirements for CCAR, retail loss forecasting models, and additional platform functionalities.
Maintain a well-groomed product backlog, ensuring stories are clearly defined, estimated, and prioritized by business value, regulatory urgency, and technical feasibility.
Facilitate workshops and discussions to elicit detailed requirements and resolve ambiguities.
Provide guidance to development teams during sprint cycles to support accurate understanding and implementation of features.
Participate in agile ceremonies, including sprint planning, daily stand-ups, sprint reviews, and retrospectives.
Oversee user acceptance testing (UAT) to confirm delivered solutions meet requirements and quality standards.
Maintain in-depth knowledge of retail credit risk methodologies and relevant regulatory guidance, including CCAR, DFAST, CECL, and SR 11-7.
Ensure platform design supports data governance, model risk management, and auditability for regulatory submissions.
Collaborate with model development and validation teams to integrate advanced loss forecasting models effectively into the platform.
Communicate product updates, progress, risks, and challenges to senior management and key stakeholders.
Manage expectations and negotiate scope trade-offs to achieve optimal outcomes.
Monitor platform performance, user feedback, and regulatory changes to identify areas for continuous improvement and innovation.
Champion a data-driven approach to product development, using analytics to inform decisions.

Required Qualifications

10+ years of experience in product management, business analysis, or a similar financial services role with a strong focus on retail risk.
5+ years of direct experience with CCAR, DFAST, or similar regulatory stress testing frameworks and loss forecasting processes.
Proven success delivering complex technology platforms or products in an agile environment.
Strong understanding of retail credit products, including credit cards and mortgages, and associated risk drivers.
Knowledge of risk modeling concepts including PD, LGD, and EAD, and end-to-end flows from data to models to regulatory consumption.
Knowledge of relevant technologies such as Python, UI/UX, and SQL, and the platforms used in regulatory processes.
Deep expertise in retail credit risk, CCAR-related regulatory stress testing, and agile product management methodologies.
Ability to bridge Retail and Wealth Risk stakeholder needs across business, risk management, and technical teams.
Experience working closely with agile development teams (scrum masters, developers, QA) through the full product lifecycle.
Strong stakeholder management and communication skills.
Ability to define and execute on product vision, strategy, roadmap, and features for next-generation risk analytics and forecasting.
Ability to ensure platform design supports data governance, model risk management, and auditability for regulatory submissions.
Ability to monitor platform performance, user feedback, and regulatory changes for continuous improvement.
Bachelor’s degree in finance, Economics, Computer Science, Engineering, or a related quantitative field.

Technologies

Python
SQL
UI/UX

Education

Bachelor’s degree
Master’s degree or MBA preferred

Location & Employment Details

Location: Rutherford, NJ (hybrid)
Compensation: USD 100 - 110 per hourly
Minimum experience: 10 years

Benefits

401(k) matching
Dental insurance
Health savings account
Vision insurance

Preferred Qualifications

Experience using AI assisted tools is a plus

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