Product Manager-Business Banking

Idfc First Bank Limited; Mumbai; On-site; INR 1,800,000 - 2,400,000; Full time

Job summary

Idfc First Bank Limited in Mumbai seeks a Product Manager - Business Banking to shape the SME banking portfolio. You will own product strategy, lifecycle, pricing, and go-to-market plans, collaborating with sales, tech, risk, and operations to deliver customer-centric solutions.

The role requires a strong market sense for SMEs, data-driven decision making, and regulatory awareness. Bachelor's in business/finance is required, MBA preferred; minimum 4 years in product management in financial

Qualifications

• Bachelor's degree in business, Finance, or a related field (Full-Time).
• MBA (Preferred).
• Minimum 4 years of experience in product management, preferably in banking or financial services.
• Proven track record of successfully launching and managing business banking products.

Responsibilities

• Develop and implement product strategies and roadmaps for the Business Banking segment.
• Conduct market research and analyze customer needs and industry trends in the SME space.
• Collaborate with cross-functional teams to design, launch, and enhance products.
• Manage the product lifecycle from ideation to launch, including pricing, positioning, and go-to-market strategies.
• Monitor product performance and make data-driven recommendations for improvements.
• Ensure products comply with regulatory requirements and maintain competitive advantage.
• Build and maintain relationships with key stakeholders including sales teams, customers, and partners.
• Train and educate sales teams on product features and benefits to drive adoption and revenue.
• Conduct regular competitor analysis to identify market opportunities and threats.
• Develop and manage product budgets and forecasts.

Skills

SME market knowledge

Analytical skills

Project management

Collaboration

Interpersonal skills

MS Office

Data analysis tools

Regulatory knowledge

Education

Bachelor's degree in business/finance or related field

MBA (Preferred)

Tools

Microsoft Office

Data analysis tools

Job description

Job Description:

About the Role

The Product Manager - Business Banking will be responsible for developing, managing, and enhancing the suite of products and services offered to small and medium-sized enterprises (SMEs). This role involves strategic planning, market analysis, cross-functional collaboration, and lifecycle management of business banking products. Based in Mumbai, the Product Manager will play a key role in driving innovation, ensuring regulatory compliance, and supporting revenue growth through customer-centric product development.

Key Responsibilities

Primary Responsibilities

• Develop and implement product strategies and roadmaps for the Business Banking segment.


• Conduct market research and analyze customer needs and industry trends in the SME space.


• Collaborate with cross-functional teams to design, launch, and enhance products.


• Manage the product lifecycle from ideation to launch, including pricing, positioning, and go-to-market strategies.


• Monitor product performance and make data-driven recommendations for improvements.


• Ensure products comply with regulatory requirements and maintain competitive advantage.


• Build and maintain relationships with key stakeholders including sales teams, customers, and partners.

Secondary Responsibilities

• Train and educate sales teams on product features and benefits to drive adoption and revenue.


• Conduct regular competitor analysis to identify market opportunities and threats.


• Develop and manage product budgets and forecasts.

What We Are Looking For

Education

• Graduation: Bachelor's degree in business, Finance, or a related field (Full-Time)


• Postgraduation: MBA (Preferred)

Experience

• Minimum 4 years of experience in product management, preferably in banking or financial services.


• Proven track record of successfully launching and managing business banking products.

Skills and Attributes

• Strong understanding of the SME market and business lending products.


• Excellent analytical and problem-solving skills.


• Strong project management and organizational capabilities.


• Ability to work independently and collaboratively across teams.


• Effective interpersonal skills.


• Proficiency in Microsoft Office and data analysis tools.


• Knowledge of regulatory requirements for banking products is a plus.


• Fluent in English with strong business communication skills.