Vast Bank is looking to hire an EVP, Chief Product Officer!
About Vast Bank
Since February of 1982, we've been a financial institution that has served customers in Northeast Oklahoma and beyond. Our deep roots in the community and commitment to personal service have enabled us to grow alongside our customers, creating conveniences and solutions to fit unique problems and lifestyles. For over 40 years, we've built a legacy on personal service, flexibility, strength, and integrity. Now, with bold leadership and a renewed commitment to customer-centricity, we're aiming higher for the next 40 years. New ideas, strong partnerships, and modern technology will accompany a winning culture to deliver more control and a surprisingly easy banking experience.
We're a company that believes in taking care of the people who make working here possible. In addition to competitive compensation, we offer a leading employee benefit package:
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Comprehensive benefits package & 401(k) match
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Professional development- opportunities for advancement!
- Tuition assistance
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Transit reimbursement
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Paid time off
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& more!
Summary Of Role
The Chief Product Officer (CPO) serves as a strategic and operational leader responsible for the end-to-end product lifecycle across the enterprise. As a key member of the executive leadership team, the CPO defines and executes a comprehensive product strategy that drives revenue growth, enhances client experience, and strengthens competitive positioning.
This role ensures that all products—across consumer, commercial, treasury, and digital channels—are aligned with the organization’s strategic priorities, risk appetite, and regulatory expectations. The CPO brings a disciplined, data-driven approach to product development while fostering innovation, speed to market, and operational excellence.
Major Duties and Responsibilities
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Enterprise Product Strategy & Portfolio Management
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Develop and continuously refine a multi-year product strategy aligned with enterprise objectives and financial targets
- Lead portfolio prioritization across all product lines, ensuring optimal allocation of capital and resources
- Establish product segmentation, lifecycle management standards, and sunset strategies for underperforming offerings
- Evaluate build vs. buy vs. partner decisions to accelerate growth and capability expansion
- Monitor competitive landscape, fintech disruption, and emerging technologies to inform strategic direction
- Oversee the full product lifecycle: ideation, business case development, design, build, launch, optimization, and retirement
- Implement scalable product development frameworks (e.g., Agile, stage-gate governance) to drive efficiency and accountability
- Ensure disciplined execution against timelines, budgets, and defined success metrics
- Partner with Technology leadership to align on architecture, integrations, and platform scalability
- Drive consistency and standardization across product development practices
- Champion a client-centric culture that delivers a consistent, high-quality experience across all channels
- Lead digital product strategy, including online account opening, mobile banking, payments, and treasury platforms
- Utilize customer insights, journey mapping, and behavioral analytics to identify opportunities for improvement
- Drive innovation pipelines, including pilot programs, partnerships, and new product incubation
- Ensure alignment between product capabilities and frontline execution (Retail, Commercial, Private Banking)
- Own product-level P&L, including revenue growth, margin expansion, and cost optimization
- Establish pricing strategies, fee structures, and product profitability models
- Partner with Finance to develop forecasting, budgeting, and performance reporting frameworks
- Drive product adoption, cross-sell, and wallet share growth across client segments
- Monitor KPIs and take corrective action to address underperformance
- Ensure all products comply with applicable regulatory requirements, including consumer protection, fair lending, UDAAP, and data privacy standards
- Establish and maintain robust product governance frameworks, including product approval committees and periodic product reviews
- Partner closely with Risk, Compliance, Legal, and Audit to proactively identify and mitigate risks
- Ensure appropriate controls, documentation, and oversight are embedded throughout the product lifecycle
- Support regulatory exams and internal audits related to product management
- Serve as a key liaison between Product, Technology, Operations, Risk, Finance, Marketing, and business lines
- Ensure alignment between product strategy and frontline teams, including Retail, Commercial, and Treasury
- Drive enterprise-wide accountability for product performance and client outcomes
- Influence and support strategic initiatives, including M&A integration, vendor partnerships, and platform modernization
- Build, lead, and develop a high-performing product organization, including product management, UX/UI, and product analytics
- Establish clear roles, responsibilities, and performance expectations across the product function
- Foster a culture of innovation, accountability, and continuous improvement
- Attract, retain, and develop top talent, including succession planning for critical roles
- Must comply with applicable laws and regulations, including but not limited to, the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control.
Knowledge & Skills
Experience
Seven plus years of leading a team
Education/Certifications/Licenses
Interpersonal Skills
A significant level of trust and diplomacy is required to be an effective subject matter expert in the position. In-depth dialogues, conversations and explanations with customers, direct and indirect reports and outside vendors of a sensitive and/or highly confidential nature is a normal part of the day-to-day experience. Communications can involve motivating, influencing, educating and/or advising others on matters of significance.
Role Important Behavioral Skills
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Strong communication skills to develop good working relationships and to promote cooperation and compromise among various departments.
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Display the ability to research and comprehend a high level of knowledge in current and developing regulations.
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Ability to develop and maintain effective working relationship at all levels by proactively participating and contributing to a positive work environment, controlling emotions and temperament, and exhibiting courteous, respectful, and professional behavior.
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Ability to quickly adapt to changing environments, processes, and technologies. Technological ability and willingness to work remotely from home as required.
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Strong organizational skills.
- Ability to maintain composure under pressure or adverse circumstances, using effective strategies for managing personal stress.
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Ability to maintain personal and work direction when faced with ambiguity.
ADA Requirements
Physical Requirements
Is able to bend, sit, and stand in order to perform primarily sedentary work with limited physical exertion and occasional lifting of up to 10 lbs. Must be capable of climbing / descending stairs in an emergency situation. Must be able to operate routine office equipment including computer terminals and keyboards, telephones, copiers, facsimiles, and calculators. Must be able to routinely perform work on a computer for an average of 6-8 hours per day, when necessary. Must be able to work extended hours or travel off site whenever required or requested by management. Must be capable of regular, reliable, and timely attendance.
Working Conditions
Must be able to routinely perform work indoors in climate-controlled shared work area with minimal noise.
Mental and/or Emotional Requirements
Must be able to perform job functions independently or with limited supervision and work effectively either on own or as part of a team. Must be able to read and carry out various written instructions and follow oral instructions. Must be able to complete basic mathematical calculations, spell accurately, and understand computer basics. Must be able to speak clearly and deliver information in a logical and understandable sequence. Must be capable of dealing calmly and professionally with numerous different personalities from diverse cultures at various levels within and outside of the organization and demonstrate highest levels of customer service and discretion when dealing with the public. Must be able to perform responsibilities with composure under the stress of deadlines / requirements for extreme accuracy and quality and/or fast pace. Must be able to effectively handle multiple, simultaneous, and changing priorities. Must be capable of exercising the highest level of discretion on both internal and external confidential matters.
EEO Statement It is the policy of Vast Bank to afford equal opportunity in all phases of employment without regard to an individual’s race, color, creed, religion, gender, national origin, age, disability, marital status, ancestry, sexual orientation, unfavorable military discharge for qualified individuals with disabilities, and for qualified disabled veterans and veterans of the Vietnam era, to the extent required by applicable local, state and federal law.
