Product Manager Job; Retail Liabilities at NMB Bank Plc

Product Manager Job; Retail Liabilities at NMB Bank Plc… See details on how to apply for the opportunities available at NMB Bank Plc.

RESPONSIBILITIES:

• Developing, implementing and managing a compelling Retail banking portfolio of liability products for both foreign and local currencies.
• Manage the Retail Banking Liability product lifecycle from idea generation to conceptualization, design and development, implementation including UAT, Pilot and launch.
• Proper management of introducing a new product by developing and executing respective
• Communication on specific products to all branches. Ensure all branches are knowledgeable of any new product and that we have a clear public launch plan.
• Ensure new products are in line with controls, customer centric concept and are fairly priced.
• Ensure all new products are approved and are in line with regulations (BOT, FIU, TCRA and all other relevant regulators)
• Monitor, assess, and report new products framework and ensure the same is in line with banks projections, targets and budget.
• Analyze, manage and identify all system faults that affect product performance then, suggest areas of improvement, get approvals for improvement and ensure approved changes/enhancements are implemented within agreed time.
• Responsible for compliance and regulatory issues for Retail Banking Liability products and services before, during and after development and implementation.
• Play a key role of innovative Retail Banking Liability products which will drive and enhance bank deposits.
• Manage internal relationship with all stakeholders (Technology, Risk, Marketing, Operation, compliance etc.) to ensure any introduced new or existing product is accordance to bank risk appetite, customer needs and can drive sales.
• Regular (Quarterly/Semi-Annually/Annually) Competitor Review vis-à-vis Retail Liability Product Offering.
• Responsible for Income targets strategies and product profitability analysis
• Being pro-active to identify products issues and resolve them timely
• Improve product portfolio within authority level according to set standards.

Qualifications and Experience:

• Bachelor’s degree or its equivalent in Business, Accountancy, and Economy, Finance or any other related field.
• Training in product development is an added advantage
• A minimum of 3 years of working experience in Product Development within the Banking Industry.
• NMB Bank Plc is committed to creating a diverse environment and is proud to be an equal opportunity employer