Senior Product Manager Asset at NMB Bank

Vacancy title:
Senior Product Manager Asset

Jobs at:

NMB Bank

Deadline of this Job:
Tuesday, May 02 2023

Duty Station:
Within Tanzania , Dar es Salaam, East Africa

Summary
Date Posted:Tuesday, May 02 2023, Base Salary: Not Disclosed

JOB DETAILS:

Job Purpose:
• Responsible for asset product development, management and performance for Retail Banking
• Monitoring and ensuring asset product profitability and its end-to-end life cycle

Main Responsibilities:

• Develop, implement and manage a compelling Retail banking portfolio of Asset products.
• Ensure proper communication of new products before public launch, awareness, and training to branches and all key stakeholders
• Ensure new products are approved and in line with controls and regulations, customer centric concept and are fairly priced.
• Monitor, assess and report new products framework and ensure the same is in line with Bank’s 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.
• Monitor asset product quality by working with key stakeholders to ensure it remains within the acceptable bank’s threshold
• Play a key role in innovating Retail Banking asset products.
• Manage internal relationship with all stakeholders and business partners during introduction of new or existing products in accordance to bank risk appetite as well as customer needs.
• Responsible for products’ feature enhancements and revamps where need be to ensure that all product features are relevant to customer’s need and vis-à-vis market competition
• Conduct product profitability analysis to ensure product performance as per target
• Proactive to identify and suggest way forward for underperformance product if any, ensuring continued profitability and Balance Sheet Growth.

Knowledge and Skills:
• Strong analytical and numerical skills for calculation of statistics, figures and targets
• In-depth understanding of product life cycle
• Business planning and Project management skills
• Strong credit skills/ knowledge
• Sound understanding of bank’s loan products, policies and procedures.
• Conversant of product offerings in the wider financial services industry and systems supporting them
• Detailed knowledge of Retail buying behavior, marketing techniques and evolving trends
• An understanding of customer segmentation theory and practice.
• Detailed understanding of banking industry, advisory, regulatory and professional bodies.
• Good understanding of legislation related to financial services and channel delivery.
• Strong knowledge of constructing reports, executive summaries and briefs.
• Excellent communication skills both written and oral
• Standard Computer skills
• Able to deal professionally, confidently and effectively with staff at all levels, internally and externally.
• Good interpersonal and networking skills
• Negotiation and Report writing skills
• Ability to explain and handle complex information clearly and simply.
• Presentation, Coaching and Training skills.
• Ability to keep abreast of industry changes in both business and marketing environments.

Qualifications and Experience:
• Degree/Advanced Diploma in Business, Accountancy, and Economy, Finance or any other related field.
• A Master’s Degree will be an added advantage
• Any course or training in product development is an added advantage
• A minimum of 5 years working experience in Product Development within the Banking Industry and at least 2 years’ experience in credit
• Familiar with a variety of the field’s concepts, practices, and procedures.
• Conversant in Customer segmentation, Pricing and Product Development procedures/processes.
• NMB Bank Plc is committed to creating a diverse environment and is proud to be an equal opportunity employer.

Work Hours: 8

Experience in Months: 60

Level of Education: Bachelor Degree

Job application procedure

Only shortlisted candidates will be contacted

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