Assistant Vice President, Product Management

Alliance Bank Malaysia Berhad; Kuala Lumpur; On-site; MYR 150,000 - 200,000; Full time

Job summary

A leading financial institution in Malaysia is looking for a Product Management Executive with at least 7 years of experience in developing Shariah compliant products. The candidate will oversee compliance with regulations and work collaboratively with stakeholders. Ideal candidates will have knowledge of both conventional and Islamic banking and possess strong communication and project management skills.

Qualifications

• At least 7 years of working experience.
• Preferably experience in credit card or general consumer financing product development.

Responsibilities

• Plan and design Shariah compliant products and services.
• Ensure compliance with Shariah and regulatory requirements.
• Draft product documentation and provide training to teams.

Skills

Knowledge of conventional and Islamic banking products

Effective communication skills

Project management

Decision making skills

Education

Certification in Islamic finance

Job description

Responsibilities

• Planning and design of Shariah compliant products and services to meet the needs of customers and the business strategies of the Bank.
• Ensuring that the Islamic products are compliant with Shariah, legal and regulatory requirements at all times.
• Formulation of processes and procedures for Shariah compliant products and services.
• Research to maintain competitiveness of the product suite and assess marketability of new products to be developed.
• Preparation of product proposal and obtaining approval or endorsement from all relevant approving authorities.
• Drafting of product documentation, including vetting materials, provided by stakeholders.
• Provide training and briefing sessions to the lines of business and operation teams.
• Collaborating with stakeholders for initiatives and for the launch of new or variations of Shariah compliant products.
• Management of all product requirements including system fixes and enhancements and implementation of regulatory requirements and internal policies.
• Obtain advice and support cross department whenever necessary.
• Attend to audit inquiries and issues relevant to Islamic consumer products and services.
• Provide assistance and guidance for relevant consumer product queries via Islamic Helpdesk.
• Execution of adhoc projects.
• Liaison person for matters involving Islamic consumer banking products and services.
• Acting as alternate representative for Head of Product Management whenever necessary.
• Presenting at the various committees and boards as an alternate to the Head of Product Management.
• Liaising with external parties such as AIBIM, Bank Negara Malaysia, panel solicitors and PIDM.
• Coaching other team members and guiding them in their job activities.

Qualifications

• General knowledge on conventional and Islamic banking products and practices.
• Well versed with relevant regulations in Islamic Finance.
• Certification in Islamic finance would be an added advantage.
• At least 7 years of working experience.
• Possess effective communication, project management and decision making skills.
• Preferably those who have at least 7 years solid experience in credit card or general consumer financing product development/management area.

Application Questions

• What's your expected monthly basic salary?
• Which of the following types of qualifications do you have?
• How many years' experience do you have as a Product Management Executive?
• How much notice are you required to give your current employer?

About Alliance Bank Malaysia Berhad

Alliance Bank Malaysia Berhad and its subsidiary, Alliance Islamic Bank Berhad, offers banking and financial solutions through its consumer, SME, corporate, commercial and Islamic banking. The Bank provides easy access to its broad base of customers throughout the country via multi-pronged delivery channels that include retail branches, Privilege Banking Centres, Business Centres, Investment Bank branches, and mobile and Internet banking.

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