Product
Manager; Retail Liabilities (1 Position(s))
Job
Location: Head Office, HQ
Job
Purpose:
· Responsible
for liability product development for Retail Banking and its end-to-end life
cycle monitoring.
· Liability
Product management and profitability monitoring to identify areas that require
fix, improvements and or amendment.
· Responsible
for products' features enhancements and revamps where need be to ensure that
all product features are relevant to customer's needs and market competition in
the industry.
· Weekly,
monthly, quarterly and annually monitoring and evaluation of Liability Products
for Retail Banking profitability and suggest way forward for underperformance
is any.
· Responsible
for developing, reviewing and ensure that tariff related to Retail Banking
Liability Products is well developed and approved to reflect proper pricing of
Retail Banking Liability products and services that is in line with bank's
budget.
Main
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-Ã -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.
Knowledge
and Skills:
- ·
A comprehensive knowledge of Tanzanian Banking
products and systems that support them.
- ·
Pricing and revenue monitoring skills
- ·
Conversant in Customer segmentation, Pricing
and Product Development procedures/processes.
- ·
Strong relationship management and stakeholder
engagement skills
- ·
Conversant of product offerings in the wider
financial services industry.
- ·
A wide knowledge of NMB strategy and policies
- ·
In-depth understanding of Retail buying
behavior, marketing techniques and evolving trends
- ·
Understanding of customer segmentation theory
and practice.
- ·
Understanding of banking industry, advisory,
regulatory and professional bodies.
- ·
A good understanding of legislation related to
financial services and channel delivery
- ·
Skilled in constructing reports, executive
summaries, and briefs
- ·
Greater understanding of product life cycle
- ·
Communication skills both written and oral;
Good interpersonal and networking skills
- ·
Business planning and Project management
skills
- ·
Strong analytical and numerical skills for
calculation of statistics, figures and targets
- ·
Standard Computer skills
- ·
Negotiation skills
- ·
Ability to explain and handle complex
information in a clear and simple manner
- ·
Ability to deal professionally, confidently,
and effectively with staff at all levels, internally and externally
- ·
Presentation and Training skills
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
Job opening date: 05-Oct-2022
Job closing date: 19-Oct-2022
Post a Comment