Product Manager (Banking & Finance)

Job description / Role

Key responsibilities:
• Formulate product strategies to grow market share and enhance profitability of existing products and conceptualise, propose and implement new product propositions and strategic marketing alliances to ensure high visibility and competitive advantage to grow customer share and overall profitability Monitor and control the product mix, portfolio composition, usage patterns and behavior, cost of funds and yields in accordance with business objectives and ensure all activities are in compliance with legal, regulatory, associations and bank guidelines Manage strong customer communication by way of collaterals and term sheets for product information and establish customer campaigns through various channels including advertisements and product promotions to ensure growth in customer share
• Constantly monitor market trends to ensure that any new developments either technology driven or other, are incorporated into the offerings of the bank Monitor and control the advertising and promotion funds allocated to product programs to ensure alignment to the allocated budgets
• Contribute constructively and creatively in the planning, development and implementation stages of all acquisition programs to drive maximum product sales and awareness of the product Monitor and analyse performance of all acquisition programs to ensure results are on track and if not, to identify the problems/issues and recommend solutions to rectify them
• Work closely with external partners, vendors, and other internal departments to achieve business objectives, conducting meetings and ensuring agreed reports submitted in a timely manner with partners Explore and seek opportunities to enhance value proposition to customers and each other
• Manage self and team in line with the companies people management policies, procedures, processes and practices to ensure adherence and to maximise own and employee contribution to business performance Manage the effective achievement of the team’s objectives through setting individual objectives, managing performance, developing the team and providing formal and informal feedback to maximise overall performance, engagement and motivation
• Contribute to the preparation of the business area’s budget and manage and monitor the financial performance against the budget so that areas of unsatisfactory performance are identified, rectified promptly and potential performance improvement opportunities are capitalised upon
• Recommend and implement improvements to departmental policies, procedures and processes covering all areas of activity so that all relevant procedural requirements are fulfilled while ensuring that the companies delivers best-in-class services, products and innovation
• Identify opportunities to contribute to organisational and departmental change initiatives, programmes and projects taking into account best practice and standards in the business environment
• Demonstrate Our Promise and apply the companies Service Standards to deliver the bank’s required levels of service in all internal and external customer interactions

About the role:
• To conceptualise, plan, develop, deliver and manage products and services catering to customer needs; define and implement the associated customer processes and system enhancements; manage partner relationships and marketing campaigns to meet the overall strategic and financial goals of Consumer Banking

Salary:
AED 35,000 to 40,000 per month inclusive of fixed allowances.
Additional benefits: + bonus + family benefits

Requirements

Essential skills:
• At least 5 years of experience in banking/financial institution
• Must have experience from a credit card division within a bank
• Bachelor’s Degree in Finance, Business or Economics
• Ideally 5 year’s experience in Product Management
• Numerical and financial analysis skills Advanced Microsoft Office (Excel, Word and PowerPoint)

About the Company

Pink Camel Recruitment is an award-winning recruitment agency specializing in IT, digital and technology recruitment in the Middle East. A true value-driven business helping to build world-class teams whilst using artificial intelligence and behavioural science to ensure talent retention. Born in Dubai we partner with clients across the GCC and become an extension of your brand.

We have revolutionised the way that recruitment is done. Offering a stand-out service with a technology-first approach and monthly payment options.