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Principal - IT Product Management
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Scorecard
Based on Virginia data
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What they do
A Director of Product Management is responsible for directing the overall product management of a business. This may include of determining strategy for the product managers, and collaborating with other directors from the engineering, marketing, sales, and operations departments in order to ensure that the product management aligns across the business.
$206,385 / year median in Virginia
+11% projected growth
Job Description
Principal - IT Product Management Atlantic Union Bank life insurance, paid time off, 401(k) United States, Virginia, Glen Allen Sep 08, 2026
Description Principal -
IT Product Management Job Family:
Marketing & Product Management Job Sub-Family:
Product Management Career Specialization:
IT Product Management Career Stream:
Professional Career Level:
P4 Job Profile Position Description The Principal, IT Product Management provides strategic leadership for the development, enhancement, and maintenance of money movement products and online banking platform capabilities and supporting infrastructure. Works across Lines of Business to achieve key business objectives, translates customer and business needs into product solutions using qualitative and quantitative insights, and leads multidisciplinary teams to deliver high-impact capabilities. Serves as a trusted advisor and technical point of contact for business and operations stakeholders. Sub-Family Definition Product Management is responsible for driving business growth through the strategic management and development of products and services.
Activities may include:
Conducting market research to identify customer needs and preferences
Defining product vision and strategy
Overseeing the product lifecycle from conception to launch
Analyzing product performance metrics
P&L oversight and pricing strategy
Collaboration with marketing and sales teams to create promotional materials and ensure successful product positioning in the market Career Specialization Definition The IT Product Management participates in the IT leadership and relationship management discussion about the shape and content of the IT service portfolio delivered by the shared service organization.
Work may include:
Defines the nature and scope of the service, and works with other planning roles, relationship managers and capacity planners to forecast demand for each service.
Defines a cost allocation, cost recovery and pricing plan within the overall context of the IT chargeback or pricing model.
Negotiates with other IT product managers about the allocation of costs from infrastructure components or services that are shared among multiple services.
Regularly creates a service improvement plan in terms of people, processes and technology to improve a service.
Other duties as assigned. Career Level Definition Recognized subject matter expert in a job area typically obtained through advanced education and work experience.
Responsibilities typically include:
Managing large projects or processes with limited oversight from manager.
Coaching, reviewing and delegating work to lower level professionals.
Problems faced are difficult and often complex. Knowledge & Experience Bachelor's Degree required; equivalent combination of education and experience may be considered
Typically requires 6 - 8+ years prior experience, with deep knowledge of job area
Demonstrated ability to identify customer needs and translate insights into product enhancements and business value
Ability to align product strategy and execution with business objectives, key performance indicators, and stakeholder priorities
Strong technical acumen with the ability to leverage technology solutions and collaborate effectively with engineering teams and third-party vendors
Systems thinking and analytical problem-solving skills, with the ability to evaluate interconnected processes, platforms, and dependencies
Proven ability to influence, collaborate, and drive outcomes across cross-functional teams and stakeholder groups
Strong verbal and written communication skills, including the ability to present strategies, recommendations, and product updates to senior leadership
Job Code:
MKITPMP4 FLSA
Status:
Exempt Salary Grade:
118 Compensation offered will be based on a variety of factors, including but not limited to education, work experience, skills, certifications, and geographic location, etc. Eligible teammates may participate in a comprehensive benefits package that includes medical, dental, vision, life insurance, disability coverage, paid time off, retirement savings through a 401(k) plan, wellness resources, and other programs designed to support teammates' health and financial well-being, subject to plan terms and eligibility requirements. In addition, certain positions may be eligible for incentive compensation, bonuses, or other variable compensation, subject to applicable plans and performance criteria. General information on our comprehensive benefits package can be found by visiting Employee Benefits | Banking Career Benefits | Atlantic Union Bank We are proud to be an Equal Employment Opportunity employer. We maintain a drug-free workplace. Equal Opportunity Employer This employer is required to notify all applicants of their rights pursuant to federal employment laws.
For further information, please review the Know Your Rights notice from the Department of Labor.
Benefits
- Paid Time Off (PTO)
- 401(k) Plans
- Other Retirement and Savings
- Health Insurance