As a Senior Product Owner at Amar Bank, you will lead the charge in developing strategies to enhance customer engagement and retention. You will oversee the design implementation and optimization of retention-focused products and features, driving business growth and improving customer lifetime value. This role requires a keen understanding of digital banking trends, consumer behavior, and the ability to leverage data-driven insights for impactful product enhancements.
Responsibilities:- Develop and implement retention strategies to increase active user engagement and improve overall customer loyalty across Amar Bank’s digital banking offerings.
- Collaborate with cross-functional teams (Product Design, Research, Data, Engineering, Marketing, Compliance, and Business) to design, execute, and optimize retention-focused initiatives, including loyalty programs, rewards systems, and personalized experiences.
- Leverage customer insights, market research, and user behavior data to inform the product roadmap and prioritize retention-focused features.
- Define, track, and analyze key metrics related to customer retention, churn, and engagement, using these insights to drive continuous product improvement.
- Develop and execute A/B tests and other experiments to validate retention strategies, working closely with data science and analytics teams to ensure statistically significant results.
- Present retention metrics and insights to senior leadership, recommending strategies to enhance customer retention and meet Amar Bank’s growth objectives.
- Stay updated with industry trends, competitor activities, and innovations in digital banking to ensure Amar Bank’s retention strategies are competitive and impactful.
Requirements:- 5+ years of experience in product management, with a focus on customer retention, preferably within the financial services or digital banking industry.
- Proven experience in leading customer retention strategies that demonstrate measurable success in reducing churn and increasing engagement.
- Strong analytical skills, with proficiency in data-driven decision-making, A/B testing, and customer segmentation analysis.
- Solid understanding of digital banking products, customer lifecycle, and market trends related to customer engagement and retention.
- Excellent project management skills, with the ability to juggle multiple projects and collaborate effectively across teams.
- Strong communication and presentation skills, with the ability to convey complex ideas to both technical and non-technical stakeholders.