Head of Products

Reports to (Title of Line Manager), Head Of Corporate Region OR Department Corporate Banking

 JOB PURPOSE To lead the thought process and coordination of cross-functional efforts for innovation and development of new products that are in line with the corporate business strategy and marketing positioning. He/she will be responsible for managing the strategic and tactical aspects of the existing product portfolio, including monitoring the risks to the products and reporting on product performance.
KEY RESPONSIBILITIES • Identify and define target market segments, market requirements, key business strategies, and the competitive environment for the Corporate portfolio. • Monitor market trends and information (acquisitions, pricing changes, and new products and features) to identify potential areas for the development of new products and the restructuring of existing products. • Lead and coordinate efforts for market and product research, either through internal or external resources, and aid the thought processes for internal product review, improvement, and innovation. • Responsible for monitoring strategic aspects of existing product portfolio, including monitoring product performance, continuous competitor analysis, and recommending appropriate actions, strategies and tactics to sustain product performance. • Work with the relevant business segments and Marketing and Communications teams to prepare and execute local product launches and report on expectations of market size, market uptake, market share and expected budgeted sales. • Propose practical solutions based on research and background knowledge of the latest developments in the banking industry and other micro and macroeconomic drivers. • Develop mechanisms and tools for continuously assessing customer needs and requirements for defined segments and lead the thought processes and strategies for responding to the customer needs in a proactive manner. • Contribute to the formulation, implementation and review of the Bank’s Strategy. • Provide oversight to trade finance and transactional banking teams. • Provide oversight of Debt Finance, structuring and Review in collaboration with the Relationship Management Team.

MINIMUM POSITION QUALIFICATION REQUIREMENTS a. Academic & Professional Particulars Detail Specific Field or Qualification Need Type1
Education Bachelor’s degree Commerce, Business Administration, Economics, Statistics, management or any relevant field. RQ
Professional Qualifications AA Master’s degree AA
b. Experience
Total Minimum No of Years Experience Required 6
Detail Minimum No of Years Need Type
• Sales, Marketing, or Product Development function. • Knowledge of commonly used concepts and practices, and procedures within the fields of product research and development. • in-depth understanding of banking product features, pricing, benefits, positioning, design, and promotions , as well as a lateral understanding of banking industry value drivers and trends 3 ES
• Governance controls and Risk management. • Relationship Management &Customer Engagement. • Banking operations 3 ES


How to Apply:All applications will be received and reviewed through the BrighterMonday Portal by clicking on the 'Apply Here' section