Purpose of the job
The Products Development Specialist – Asset and Liability will be responsible for setting the strategic direction of the Asset and Liability Management products range, facilitating the development of new products and collaborating across the organization to identify opportunities and enhancements that will competitively differentiate the offering over years’ timeframe.
Key Accountabilities
- Lead effort related to product feasibility analysis and product research, product optimization analysis, product portfolio management, pricing activities; develop plan, identify resources and establish working groups for product development.
- Successfully analyzing and delivering product related initiatives that address the needs of various distribution channels
- Assisting the sales team in resolution of customer queries and running various projects/initiatives to improve the productivity of sales workforce
- Engage with Business Teams or any other source of ideation both internally and externally to drive the development, enhancements of products that support the advancement of the Bank’ business strategy
- Supporting ongoing work to ensure each product range evolves to meet client demands, while complying with regulatory changes and profitability hurdles
- Systems and process changes associated with the continuous products portfolio review by coordinating Innovation in the different segments (Credits, IT, Operations, etc);
- Drive discovery of client and business needs and pain points, understand problem size, outline potential offerings / solutions, business models and unique value propositions;
- Lead business case development and direct the product roadmaps to match business growth goals and objectives;
- Define, track and report on product line success metrics and goals;
- Ensure pricing activities, optimizing distribution through all channels.
- Developing and delivering on marketing strategies, with a thorough understanding of the industry and competitive landscape.
- Supporting relationships with external product related strategic partnerships
- Understanding impact of regulatory requirements for the product range and helping to identify opportunities and threats
- Supporting the infrastructure and launch of new products for the Retail, Business and Corporate teams
Experience
- Must have at least 2 years’ experience in Products Development or similar role
- Must have a strategic business perspective
- Must have experience with banking regulations and practices
- Must have excellent leadership and people management skills
- Excellent report writing skills, and effective negotiation skills
