Product Development Manager – Transactional Banking at I&M Bank

Primary responsibilities:

• Lead on Cash management product conceptualization, business case documentation, development, testing, packaging and roll-out in conjunction with the various stakeholders.
• Effectively determine Transaction Banking product strategy and pricing to expand market share and ROI.
• Responsible and accountable for product benefit realization for all products implemented.
• Work with ICT, partners, and other stakeholders to ensure that the functionalities of the products are as per the required specifications before release to the market.
• Ensure 100% adherence with bank policy on product documentation and processes to achieve optimal efficiency, compliance, and cost containment.
• Conduct reviews of existing functionalities to ensure end to end process are functioning adequately.
• Establish and maintain strategic & mutually benefiting partnerships with key players like FinTech, Regulators and customers and lead in contract negotiation.
• Contribute to the overall growth of customer base for the bank through / jointly with internal and external service providers to ensure that product gaps that impair the client value propositions are addressed timely.
• Develop and support the launching of new initiatives, products, developing enhancements and new product concepts.
• Provide input to stakeholders on customer implementation progress for projects or solutions being rolled out.
• Provide product portfolio analysis and ensure product utilization and volume tracking of all customers across the segments.
• Keep abreast of MIS and Key Performance Indicators for all Corporate, Commercial, Business Banking and SME portfolio and increase utilization.
• Provide MIS of customer transaction behavior and metrics on progress of deals managed.
• Manage product/service mix, pricing, and margins according to agreed aims.
• Conduct regular product portfolio reviews to identify areas of improvement and develop tactical plans towards achieving set risk and compliance criteria.
• Review, evaluate and manage product risks to ensure strict adherence to the bank’s framework and wider industry regulations.
• Offer product training to staff across the bank.

Minimum requirements:

• Bachelor’s degree in a business or Information Technology related field.
• 5+ years banking or Fintech experience or equivalent.
• Experience in usage of advanced analytics tools including advanced Excel, Power BI, VBA, SQL, Python, R and other data analysis tools.
• Accounting or IT course and experience will be an added advantage.