Product Manager- Save and Invest at Equity Bank Kenya

• To support the Group Save and Invest Product function in identifying, developing and exploiting opportunities that offer innovative product solutions to Equity Group customers across all channels and to all customer segments and sectors. This Product Management role shall work with the Product Director in ensuring the product shelf for savings and investment products is fully populated across channels and subsidiaries for the group. The role will be responsible for identifying gaps, populating comprehensive business cases, driving development and monitoring performance and support group product ownership.
• The role is to be executed in complete alignment and collaboration with the Commercial team in the Group and each Subsidiary who face the client and generate the demand for product solutions.

The effective execution of the role’s responsibilities should enhance the Equity Brand and purpose of transforming lives, giving dignity, and expanding opportunity for wealth creation for our customers by delivering on the below key responsibilities:

• Executing the mission for the Product house, aligned to the Group’s mission and vision.
• Own jointly and manage in collaboration with the Commercial team the P&L for the Product line.
• Developing and monitoring strategies for the growth of product/capability distribution across the group
• Product design, development, deployment and control - taking charge of mapping each product and/or capability with regard to its underlying characteristics and pipeline risk in line with the Group’s overall Commercial growth strategy.
• Supporting the development of products which are relevant to the different segments that the Group has chosen to serve.
• Prepare training and educational material for both frontline, digital channels and client communication in collaboration with the Communications team
• Monitor and coordinate the preparation and reporting of product financial and non-financial performance for the key stakeholders.
• Marketing products jointly with relationship management groups in all the chosen customer segments that the Group operates in – Retail, MSME, Corporate and Large entities and Government.
• Support the operations of the Product house with regards to its overall risk and compliance with applicable policies and procedures of the group.

Knowledge, Skills and Experience

• Holder of University Degree or equivalent 4-year post-secondary qualification
• MBA and/or CFA designation or equivalent (investment management or analysis qualification) will be an added advantage.
• A minimum of 5 years related experience in banking product management.
• Significant understanding of banking fundamentals such as balance sheet management including underlying drivers of balance sheet liquidity and drivers of capital, cost of funds, product behavior, risk, treasury financial planning and reporting and regulatory requirements
• Knowledgeable and experience in business case formulation and implementation.
• Ability to effectively present product strategies to stakeholders and clients.
• Experience in delivering Digital product solutions with a good understanding of the product development cycle and methodology.
• Strong commercial acumen/awareness including ability to assess risk and appropriate levels of return.
• Strong Marketing and Sales skills to drive Retail, SME and Corporate adoption of product solutions
• Excellent interpersonal skills including multicultural awareness and sensitivity
• Good understanding of regulatory compliance and corporate governance.