Product Development Manager

Job description / Role

The Product Development Manager supports the Director of Commodity Services in building DMCC’s strength in the Commodities space by developing and implementing new products and services that will develop into commercially viable initiatives and grow the trade of commodities through Dubai.

DMCC has increased the breadth and depth of coverage across commodity sectors. To stay on top of emerging opportunities and trends DMCC must understand all commodity markets, be constantly in touch with experts and innovators in order to introduce the future suite of platforms and initiatives that will continue to develop the trade of a growing set of commodities through Dubai. The job holder’s objectives will include creating business case studies and models for DMCC to explore new growth opportunities and make investment decisions.

Key Areas of Responsibility:

New Product Development
- Create a product development agenda based on DMCCs objectives for developing commodities trade
- Prioritize and maintain a product development pipeline which ensure DMCC is continuously innovating and bringing necessary solutions to the market

Research and Communications
- Demonstrate impeccable communications and presentation skills to produce presentations, reports and communicate relevant information with regards to the industry that can be communicated to external stakeholders as well as DMCC management
- Demonstrate good research skills and good research methodologies to always look for necessary relevant information that supports decision making and is accurate and obtained in a timely manner

Business Feasibility
- Prepare business cases, build, stress test, conduct feasibility studies on unique opportunities brought to DMCC or developed internally
- Advise the Director of Commodity Services on benefits, disadvantages and risk of developing

Project Implementation and Management
- Evaluate, design and deliver new commodity products
- Manage projects to enhance the commodity product offering

Requirements

- Bachelor's degree required, masters preferred (no specific discipline required)
- 5-7 years of experience in business planning frameworksProblem solving and strong analytical capabilities

About the Company

Dubai has historically been an international hub for the physical trade of not only gold, but also many other commodities and so the establishment of the Dubai Gold & Commodities Exchange (DGCX) was the next logical step for the region and the local economy. DGCX commenced trading in November 2005 as the regions first commodity derivatives exchange and has become today, the leading derivatives exchange in the Middle East.

DGCX is a subsidiary of Dubai Multi Commodities Centre (DMCC), a strategic initiative of the Government of Dubai, with a mandate to enhance commodity trade flows through the Emirate by providing the appropriate physical, market, financial infrastructure and services required. The Management team of DGCX comprises senior personnel from the commodities, securities and financial services industries bringing a wealth of experience and expertise to ensure the success of DGCX.