Assistant Product Manager Commercial Bank Dubai

Assistant Product Manager at Commercial Bank Dubai is responsible for BAU elements of product management as well as projects involving development and change. It also proposes new ideas, build project plans and develop excellent relationships with internal/external stakeholders. Role holder also contributes to the achievement of TBG plans by gaining approval for developing and successfully marketing new and existing products for the Bank to support its business strategy, by exploiting market opportunities, differentiating its offerings and meeting customer needs in the most effective way. Current, bank is hiring suitable candidate for this role. Submit your application if you are interested.

Responsibilities of Assistant Product Manager

• Review new developments in strategic markets, evaluate potential products & services and manage the development of new products and enhancement of existing product & services.
• Assist the Product Managers to drive the successful development of new products and the effective management and enhancement of existing products by making recommendations, based on analysis and research, regarding product design, pricing, distribution and other processes.
• Ensure business stability, growth, strategic alignment and enhanced profitability for all products.
• Act as an industry expert as well as being primary contact for all internal stakeholders on Escrow and Payments Products.
• Developing product opportunity studies highlighting benefits, costs & risks.
• Establish strategic priorities, sales objectives and revenue goals for products and the relevant distribution channels to maintain and accelerate revenue growth.
• Identify key levers and priorities for large amounts of information by applying critical thinking skills.
• Preparing business cases and strategy for new / enhanced products roll out with an excellence in analytical and product management skills with prior project management experience
• Ability to manage and document changes to policies and procedures that arise during the client on-boarding process to improve future client experience, bank’s operational and local regulatory experience.
• Behavioural Competencies with a demonstrated client centric mindset. A team player, eager to support and learn, and can foster collaborative working relationships across the organization
• Adhere to policies including escalation and compliance requirements.
• Follow any other relevant internal controls and procedures as they relate to process, products, policies and regulations.

What You’ll Do More?

• Develop customer document requirements for enrolling new services. Recommend adequate changes in the process for customer application forms, simplified on-boarding processes etc.
• Develop business requirements for enhancing existing platform and overall TBG capabilities, and work with IT department, audit, risk, compliance, operations and other stakeholders to formulate the project plan, delivery schedules testing and implementation.
• Monitor the project progress in all aspects from requirements conceptualization to implementation.
• Lead and monitor progress on IT meetings and the budget related activities for new product investments.
• Analyse, plan and execute Pilots and Proof of Concepts for emerging payments and new technologies.
• Monitor transactions and prepare reports on transaction volumes and customer enrolments statistics & digital penetration dashboards.
• Driving the digital & emerging payments product strategy supporting the bank. This will include identifying and prioritizing product initiatives.
• Conduct periodic client meetings to ascertain product performance and new requirement discussions.
• Support client mandates by providing RFP responses to product related queries, by joint calling with the client on important client pitches and other related activities such as T&C’s review, etc.

Eligibility Requirements

The requirements for role of Assistant Product Manager are as under:

• Bachelor’s Degree in Finance or Business Administration.
• Certified International Cash Management (Cert ICM) preferred.
• 5 -8 years experience in field of Escrow and Payments Product Development of which 4-5 years in financial services industry.
• Understanding of Payments & Receivables products, Escrow and Owners association, Liquidity Solutions, Electronic payments in banking and financial services sector

Private Banking Manager Commercial Bank of Dubai UAE