Prepare for and practice interview questions from Popular Bank.

Popular Bank Interview Guides

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<li>Popular Bank is a renowned financial institution serving communities in Puerto Rico, the United States, and the Virgin Islands. With a commitment to making customers' dreams come true, we offer a range of financial solutions tailored to each stage of their lives. Our employees' dedication to innovation and community support is the cornerstone of our resilient journey.</li>
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Join over 8,000 passionate individuals in a rewarding career at Popular, where your diverse skills and backgrounds are valued. As a Data Engineer, you'll play an essential role in driving advanced analytical solutions and collaborating with experts across various business units to propel enterprise data and analytics forward.
Are you ready to make a significant impact? Dive into this guide to explore Popular Bank’s interview process and discover how you can be part of our dedicated and innovative community.

- Popular Bank is a renowned financial institution serving communities in Puerto Rico, the United States, and the Virgin Islands. With a commitment to making customers' dreams come true, we offer a range of financial solutions tailored to each stage of their lives. Our employees' dedication to innovation and community support is the cornerstone of our resilient journey.

Join over 8,000 passionate individuals in a rewarding career at Popular, where your diverse skills and backgrounds are valued. As a Data Engineer, you'll play an essential role in driving advanced analytical solutions and collaborating with experts across various business units to propel enterprise data and analytics forward.

Are you ready to make a significant impact? Dive into this guide to explore Popular Bank’s interview process and discover how you can be part of our dedicated and innovative community.

Overview

You are testing hundreds of hypotheses with many t-tests. What considerations should be made?

What is a key disadvantage of the F-test when compared to multiple t-tests?

What is a key disadvantage of the F-test when compared to multiple t-tests?

Hundreds of Hypotheses

You are testing hundreds of hypotheses with many t-tests. What considerations should be made?

In an A/B test, how can you check if assignment to the various buckets was truly random?

In an A/B test, which of the following is a common method to determine if the assignment to the test groups was truly random?

In an A/B test, which of the following is a common method to determine if the assignment to the test groups was truly random?

Random Bucketing

Suppose there exists a new airline named Jetco that flies domestically across North America. Jetco recently had a study commissioned that tested the boarding time of every airline, and it came out that Jetco had the fastest average boarding times of any airline.

What factors could have biased this result, and what would you look into?

What could potentially bias the average boarding time in favor of an airline that only flies domestically?

What could potentially bias the average boarding time in favor of an airline that only flies domestically?

Boarding Times Bias

A new airline came out as the fastest average boarding times compared to other airlines.  What factors could have biased this result and what would you look into?

Popular Bank Salaries by Position

Date: Oct 1, 2024

Location: New York, NY, US, 10004

Company: Popular

Workplace Type: Hybrid

Senior Product Manager - Commercial Deposits

Segment Marketing and Deposit Products
Popular Bank is seeking a highly experienced and motivated Senior Product Manager who is passionate about delivering innovative banking solutions, outcomes, and experiences that enable customers to succeed. As senior Product Manager for Commercial Deposits, you will own the full product management lifecycle for the Bank’s core commercial deposit product set. The role reports to our Head of Product and will provide an opportunity to influence strategy and make meaningful changes to our commercial product line. These responsibilities will require you to rethink every aspect of our products to ensure we deliver an exceptional customer experience while helping the Bank attain its strategic goals.

This role requires a sense of urgency and a passion for the end-to-end client experience. It is a hands-on position that works across the entire lifecycle: product-market fit, customer experience design, implementation, go-to-market delivery, performance measurement and post-launch support.

In this position, you will:
Strategic Ownership

Set the strategic direction of the commercial deposit product set by defining and communicating the product vision, strategy, and roadmap, ensuring alignment with overall business objectives and segment strategies.

Collaborate with internal stakeholders on customer research, leveraging resulting insights, internal data, and market feedback to identify product opportunities, close gaps, and enhance client satisfaction.

Conduct market research to proactively identify product design opportunities, close competitive gaps, and understand competitive trends.

Build business cases for new value propositions, as well as enhancements to existing value propositions, based on customer needs and the competitive landscape. Responsible for analyzing financial information, including feasibility assessments, and profitability — pricing, operational costs, and recurring revenue.

Develop and manage a product roadmap by prioritizing features based on market and competitive analysis. Align priorities with sales and technical teams to drive continuous product enhancement and successful launches, ensuring customer needs are met.

Identify and manage existing and emerging risks that stem from business activities, and ensure risks associated with business activities are effectively identified, measured, monitored, and controlled

Outcome Owner and Domain Expert

Define, measure, and provide visibility of product metrics, including performance, adoption, usability, quality of enhancements, and emphasizing achievement of OKRs.

Accountable for the financial success and viability of complex products within the Business Line, taking responsibility for profitability and overall outcomes.

Leverage subject matter expertise or domain expertise to understand customer needs, communicate effectively with product stakeholders, make informed decisions, collaborate with cross-functional teams, and identify opportunities for innovation.

Collaborate with functional areas and marketing teams to develop content that supports the product value proposition for delivery through training, marketing, communications, process and compliance procedures.

Lead and/or supports change management plans for sales strategies, training, and delivery processes in collaboration with Sales, Segment, and Digital teams.

Demonstrates thought leadership by integrating analytics to provide actionable insights that enable key product decisions. Synthesize analysis for audiences of different levels to get buy-in for tactical and strategic plans.

Responsible for ensuring the successful launch of new products, including stakeholder alignment and engagement to ensure their support of launches; drafting BRDs and partnering with Core Systems on product design; managing New Product Committee process; ensuring end-to-end testing is completed prior to launch; ensuring any post-launch issues are resolved promptly

Lead resolution or remediation of issues and opportunities for improvement that arise with product, including acting as quarterback with partner teams (data entry, loan ops, branch admin, credit, fraud) to ensure issues are resolved appropriately

Responsible for responding to requests from audit, risk, compliance, legal, and other monitoring bodies for matters related to products under management

To be considered, you will need:

7+ years of commercial deposit product management and end-to-end product delivery

Bachelor’s Degree required, preferably in business, marketing, or related field

Strong conceptual & analytical skills with an ability to problem solve, recommend solutions, and intuitively prioritize business issues

Ability to work on multiple projects simultaneously and independently, managing time and resources to ensure work is completed efficiently and within established timeframes

Demonstrated ability to build partnerships and foster collaboration

Microsoft Office suite with marked proficiency using PowerPoint and Excel

Excellent written and oral communications skills, and the proven ability to communicate effectively with senior management

Salary Range Information
Our base salary for this position located in New York generally ranges between $170,000.00 and $180,000.00 annually, depending on business need and on your qualifications and experience. Base salary does not include incentive compensation, commission, or any other type of remuneration or benefits.

Important:  The candidate must provide evidence of academic preparation or courses related to the job posting, if necessary.

ABOUT US

Popular is Puerto Rico’s leading financial institution and have been evolving since it was founded over a century ago. From a small bank it has developed into a large corporation that offer a wide variety of services and financial solutions to our customers, with presence in the United States, the Caribbean and Latin America.

As employees, we are dedicated to making our customers dreams come true by offering financial solutions in each stage of their life. Our extensive trajectory demonstrates the resiliency and determination of our employees to innovate, reach for the right solutions and strongly support the communities we serve; therefore, we value their diverse skills, experiences and backgrounds.

We reaffirm our commitment to always offer essential financial services and solutions for our customers and communities, including during emergency situations and/or natural disasters. Popular’s employees are considered essential workers, whose role is critical in the continuity of these important services even under such circumstances. By applying to this position, you acknowledge that Popular may require your services during and immediately after any such events.

If you have a disability or need more information about requesting an accommodation, please contact us at asesorialaboral@popular.com. This email inbox is monitored for such types of requests only. All information you provide will be kept confidential and will be used only to the extent required to provide needed exemptions or reasonable accommodations. Any other correspondence will not receive a response.

Are you ready for a rewarding career?

Popular is an Equal Opportunity Employer
Learn more about us at www.popular.com and keep updated with our latest job postings at www.jobs.popular.com.  Connect with us!

Nearest Major Market:  Manhattan
Nearest Secondary Market:  New York City
Job Segment:  Compliance, Change Management, Manager, Legal, Management

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Popular Bank Interview Questions

Popular Bank Interview Guides

Overview

Popular Bank Interview Questions

Popular Bank Salaries by Position

Popular Bank Opening Jobs