Key Responsibilities:

• Develop and execute a comprehensive product development strategy aligned with the bank's overall business objectives and market trends.
• Identify new product opportunities and conduct market research to validate their potential.
• Collaborate with cross-functional teams to define product requirements, conduct market research, and drive product roadmap decisions.
• Lead the end-to-end product development process, including ideation, conceptualization, design, testing, launch, training and ongoing management.
• Implement robust product lifecycle management practices to maximize the value and performance of existing products.
• Identify and establish strategic partnerships with fintech companies, technology providers, and other relevant organizations to enhance the bank's product offerings.
• Drive a customer-centric approach by understanding customer needs, preferences, and behaviours through research and data analytics.
• Leverage customer insights to develop and deliver personalized and seamless banking experiences through products.
• Foster a digital first culture within the organization, promoting experimentation, prototyping, and continuous improvement.
• Engage with senior management, department heads, and key stakeholders to gain support and alignment for product development initiatives.
• Collaborate with internal teams, including technology, marketing, risk management, and compliance, to ensure seamless execution and compliance with regulatory requirements.
• Develop and implement processes and controls to ensure ongoing compliance with regulatory guidelines and requirements.

Other Requirements

Education

• Bachelor’s degree in Business, Finance, Marketing, or related field from a recognized institution.
• A master’s degree will be an added advantage.
• Minimum of 10 years of experience in product development in the banking or financial services industry, with at least 3 years at senior level role.
• Certification in Products development and Research will be an added advantage.