Product Manager Wholesale Islamic Banking Mashreq Bank UAE

Mashreq Bank UAE is presently accepting applications from suitable candidate for the job role of Product Manager Wholesale Islamic Banking Emiratization. The role holder is responsible for addressing the gaps in Wholesale Islamic offering Identified by business and develop the Islamic wholesale proposition. The applicant is also responsible to work with key product partners like Shariah, GTB, OPS, Legal, CX etc. to address product gaps, service issues, CX journeys etc. They will also tasked to support sales in terms of Islamic queries and develop the Islamic digital platform working with the digital squads.

Responsibilities of Product Manager

• Lead the bank’s wholesale Islamic product development initiatives by addressing the gaps in Wholesale Islamic offering Identified by the incumbent, and the wholesale business 1) between Mashreq’s Al Islami and Mashreq’s Conventional offerings, and 2) viz-e-viz the competition.
• Develop new product areas or enhancements required for Islamic wholesale business in coordination and work closely with all counterparties.
• Support gap analysis across Wholesale Islamic business. Be fully responsible for end-to end synergic, comprehensive and best in class wholesale proposition/offering.
• Work on the propositions to develop/enhance the Islamic Banking offering, ensuring that basic infrastructure, technological support, operational processes are in place or built, to ensure smooth execution of the Islamic Banking business/products.
• Supporting business & sales team with product onboarding & execution, guiding RMs on product & offering familiarity.
• Regular interaction with RMs to explain the Islamic Structure/offerings and take the RM through the details.
• The job holder is entrust with completing and upgrading the Islamic offering in terms of reviewing and enhancing.
• Interact with the Shariah Team/Legal/Ops/Compliance etc to ensure all requisite approvals are in place.
• Work with the respective digital squads (Titan, Nitro etc.) to make sure Islamic is being comprehensive incorporated in the offering.
• Work with Marketing on promoting Mashreq Al Islami Proposition
• Work with the Business Intelligence Unit /Advance Data Analytics teams to create dash boards for Islamic Business monitoring.

Audit/Governance

• SOPs, Product Manuals, PPGs, SLAs, Diagnostics
• Work closely with the Shariah Team to make sure all documentation, FATWA’s, AAOIFI’s and any Shariah policies are being implemented.

Financial

• Ensure all Fee/Annuity revenue is correctly captured into Islamic GLs and all Annuity Accruing products’ completeness is ensured via systemic checks.
• Ensure correct Account / rate set up by operations on Islamic cases, account by account tracking on Islamic cases.

Requirements of Product Manager

• Bachelors degree in Business, Finance, Accounting or related field.
• Minimum 10 years of banking and finance experience with superior knowledge in business backend, execution requirements in general banking segment, Experience of working within large and complex financial institution/(s) is a must.

Skills and Knowledge Desired

Tagged as: Product Manager