Digital Trade Product Manager, GTB (UAE National Only)

Mashreq Corporate & Investment Banking Group; Dubai; On-site; AED 120,000 - 200,000; Full time

Job summary

A leading financial institution is seeking a skilled Trade Product Manager to oversee digital trade product strategy and delivery. The role involves optimizing product performance, managing compliance with regulations, and fostering innovation across markets including the UAE, Egypt, and international centers. Ideal candidates will have at least 3 years in product management with strong analytical and leadership skills.

Qualifications

• Minimum 3 years of trade product management experience.
• Strong understanding of international trade products and practices.
• Experience in agile product and technology development approaches.

Responsibilities

• Develop and roll out digital trade products across various markets.
• Drive product innovation based on market and sales feedback.
• Work with partners to digitize delivery channels and automate processes.

Skills

Strong analytical and data rationale mindset

Strong people management skills

Strong communication and interpersonal influencing ability

Experience in agile product development

Job description

Overview

This role will be part of the Documentary Trade product team that drives the overall strategy and delivery of Trade products within the Bank.

The role is accountable end to end management responsibility for product strategy, innovation, development, commercialisation, and compliance of digital products and solutions with global / local regulatory requirements and bank policies.

Operating locations where GTB Trade products are offered include GCC countries (United Arab Emirates, Qatar, Kuwait, and Bahrain), Egypt, and International FI Centers in Hong Kong, New York, Mumbai, and London.

The role will be responsible for developing and rolling out digital trade products across these markets, supported by in-country Trade product managers where they exist for local development.

Key Responsibilities

Contribute to Overall Financial Performance – Commercialize existing digital products and launch new products / solutions to grow trade volumes and trade assets.

Work with Technology and Operations to identify opportunities to digitise processes and lower costs

Understand the Market – understand the market landscape for your products by constantly scanning the market for regulatory developments, trends, drivers, client needs and competitor offerings (including fintechs and alternative providers) through market analysis, feedback from Sales, direct client interaction, participation in industry bodies and associations, interaction with colleagues at other banks, discussions with Compliance and regulators, industry research papers, and feedback from voice of the client surveys

Develop the Product Strategy – develop a comprehensive strategy for digital trade offering by clearly defining the market landscape and drivers, core product proposition, target market and client segments, addressable market size, projected share of wallet and associated volumes / revenues, competitor capability assessment, product development roadmap, and commercialisation strategy

Drive Product Innovation – identify opportunities to launch global products, develop new local products or enhance existing products based on market / sales feedback, client needs and / or regulatory changes.

Build a pipeline of potential product developments by advancing and testing concepts with key stakeholders, prioritizing developments based on a sound commercial assessment of each opportunity, preparing formal investment plans, and seeking internal approvals

Support Product Development – work with the Product Development team (and Operations and Technology teams where relevant) to deliver new products or enhancements by participating in the working level project team as the Subject Matter Expert for your products.

Clearly defining the scope of each product build / enhancement by preparing a comprehensive Business Requirements Document, or modifying global documents for local use, and providing regular and real-time feedback on any product impacts from the systems development and testing as it progresses for each product.

Participate in the development of test cases, standard operating procedures and the product implementation guide supporting delivery of the product to market

Commercialise Offering – develop and execute a comprehensive ‘Go to Market’ plan for each core product including revenue / volume targets, client target market and prospect lists, core marketing / sales materials, and product training for the Sales and Coverage teams.

Track and monitor execution against specific calling targets and pipeline, participate in joint calls on clients to propagate product knowledge, support solutions for key deals, and directly engage with teams who are not meeting product targets to agree remedial actions and / or remove roadblocks

Seek out Partnerships and New Channels – identify third party service providers, fintechs, digital platforms, ecosystems, and emerging channels (where relevant in your local market) that can either support or drive volumes in your products or act as a future source of new business or competitive advantage through bundling of capabilities.

Evaluate commercial models and prospects of partnering, investing, or buying in capabilities and present investment or partnering opportunities to the central product teams for validation.

Establish partnerships for approved projects including commercial terms and service levels and manage ongoing performance

Optimise Product Performance – constantly look for opportunities to improve the client experience and performance of your products by engaging with Operations, Service, Technology, Risk, Legal and Compliance to identify opportunities for continuous improvement in all aspects of product performance.

Work with partners to digitise delivery channels and automate processes wherever possible.

Regularly review pricing strategies and market positioning to maximise financial and volume performance as well as product cross-sell opportunities.

Identify opportunities to refresh the product strategy, enhance products or focus more attention or resources on underperforming products.

Retire products that have limited revenues and growth opportunity.

Monitor revenues, costs, volumes, pricing, turnaround times and efficiency to ensure your products are performing as expected and take remedial action to address underperformance.

Engage in industry advocacy and submissions to improve the regulatory and legal framework including scheme rules where this can improve the effectiveness, market demand or operational delivery of products in the market

Adhere to Product Governance & Compliance – own the Product Program Guidelines (PPG) based on a comprehensive understanding of the inherent risks associated with your products and the legal, regulatory, compliance, tax, credit risk in your market together with other relevant frameworks and internal policies governing your products, including regulatory and scheme rule requirements.

Regularly engage key stakeholders to understand the impact of these areas on your products including changes on the regulatory horizon and pro-actively manage the development and delivery of your products to ensure alignment with the Bank’s policies, guidelines, risk management processes and risk appetite.

Communicate key changes to Country Product Management, GTB Management, Sales and Coverage to promote awareness of risk and compliance issues

Represent GTB Product in Management Forums

Key Measures

Product Drivers – transaction volumes and revenues

Product Innovation – new products or enhancements developed

Product Commercialization – growth in strategic / priority products and segments

Product Governance – adherence to GTB and bank compliance frameworks

Teamwork – working with key stakeholders to deliver the product

Minimum 3 years of trade product management experience

Strong understanding of international trade products and practices

Experience in agile product and technology development approaches

Strong people management skills

Strong analytical and data rationale mindset

Strong communication and interpersonal influencing ability