VP- Remittance Products

First Abu Dhabi Bank; Abu Dhabi; On-site; AED 120,000 - 180,000; Full time

Job summary

An established industry player is seeking a seasoned product manager to lead the development of innovative remittance services. This role involves crafting strategies to enhance product profitability and market share while ensuring compliance with regulatory standards. The ideal candidate will have a strong background in product and portfolio management, with a focus on driving growth through collaboration with marketing and operational teams. Join a dynamic environment where your expertise will directly impact the success of cutting-edge financial solutions that cater to a diverse client base. If you thrive in a fast-paced setting and are passionate about product innovation, this opportunity is perfect for you.

Qualifications

• 10+ years of experience in product and portfolio management required.
• Strong knowledge of marketing strategies and client relationship management.

Responsibilities

• Develop and manage product strategies to drive revenue growth.
• Collaborate with internal teams to enhance product offerings and client satisfaction.

Skills

Product Management

Portfolio Management

Marketing Strategy

Client Relationship Management

Regulatory Compliance

Education

Bachelor's degree in Business Administration

Master's degree in Business Administration

Job description

The role holder is responsible for establishing a profitable remittance business by introducing new remittance capabilities/functionalities to increase the penetration of customers using FAB remittance services.

Core Responsibilities

Product management

• Supports Head of Everyday Banking in developing and managing strategies aimed at generating revenue through assigned line of products in alignment with PBG objectives.
• Leads the effort to develop and execute marketing campaigns to drive product growth ensuring collaboration with the internal marketing team to ensure alignment with FAB brand.

Identifies and evaluates potential business partners for new and innovative solution to grow the business.

• Establishes profitable and sustainable product mix.
• Leads harmonisation of products or services and ensures maintaining the level of knowledge about products and services offered by the competition in the UAE and region.

Product Development

• Develops product and client propositions and get agreement from various stakeholders in an efficient manner in alignment with client needs.
• Leads the new product approval process for new products and enhancements by syndicating and getting approvals from relevant stakeholders.
• Partners with Compliance and Legal teams to ensure that products meet all regulatory requirements ensuring efficiency.
• Collaborates with Marketing to develop educational and promotional product literature to support uptake of new products.
• Serves as product expert and respond to requests and questions from internal business partners.
• Develops policies and procedures related to the assigned products in order to ensure adherence to guidelines and mitigate risk.
• Enhances current products and services based on new industry trends or opportunities as well as identifying gaps in current products based on the feedback received from customer service team in order to ensure client satisfaction.

Relationship Management

• Collaborates with the Distribution and Channels IT Digital transformation and mobile platforms teams in order to develop innovative and efficient electronic delivery solutions for assigned products and services ensuring client satisfaction.
• Attends industry forums events and conferences in order to stay abreast of new trends and client requirements for product development.
• Collaborate with external partners (payment schemes, exchange houses, fintechs, etc.) to come up with attractive products and services for FAB customers.

Internal Collaboration

• Develops relationships and coordinates with other departments to meet client service expectations.
• Engages with stakeholders including Operations, Technology, Branches, Legal, etc. to develop products based on market needs.

Specific Accountability

• Product Profitability
• Market share of the Bank in the Product
• Growth in volumes
• Time-to-market of new products
• Adherence to policies, processes and procedures of FAB
• Product performance according to plan/business case
• No negative audit finding or product risk profiles

Qualifications :

• Bachelor's degree in Business Administration, Business Management, Finance or any related discipline
• Master's degree in Business Administration, Business Management, Finance or any related discipline is preferred

Minimum of 10 years of experience in product management and portfolio management etc.

Remote Work :

No

Employment Type :

Full-time