Assistant Vice President, Product Management

Alliance Bank; Kuala Lumpur; On-site; MYR 80,000 - 120,000; Full time

Job summary

A leading financial institution in Kuala Lumpur is seeking a professional to plan and design Shariah compliant products. This role requires at least 7 years of experience in product development and a solid understanding of both conventional and Islamic banking. The ideal candidate will have effective communication, project management, and decision-making skills, with a preference for those experienced in consumer financing.

Qualifications

• General knowledge on conventional and Islamic banking products and practices.
• At least 7 years of working experience in product development or management.
• Experience in credit card or general consumer financing is preferable.

Responsibilities

• Plan and design Shariah compliant products and services.
• Ensure compliance with Shariah, legal and regulatory requirements.
• Research to assess marketability of new products.
• Draft product documentation and provide training to teams.

Skills

Effective communication

Project management

Decision making

Knowledge of Islamic banking

Understanding of regulations

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.

Job Requirements and Experience:

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