Section Head, Deposit & Fee-Based Product Development

Bank Pertanian Malaysia Berhad (Agrobank); Kuala Lumpur; On-site; MYR 90,000 - 120,000; Full time

Job summary

A prominent bank in Malaysia is seeking a Section Head for Deposit & Fee-Based Product Development. You will oversee product research and development, ensuring compliance with Shariah requirements and enhancing bank profitability. Ideal candidates possess 6-8 years of relevant experience and strong communication skills. Join a robust team focused on innovative financial solutions within the agricultural sector.

Qualifications

• 6 - 8 years of relevant experience in product development/management, preferably in banking.
• Experience in deposit and fee-based products is essential.
• Strong self-motivated, proactive & result-oriented approach.

Responsibilities

• Assist Head, Product Research and Development with all product development aspects.
• Guide team members for product development and approval.
• Drive research initiatives on new business opportunities.

Skills

Product development management

Communication skills

Analytical skills

Strategic vision

Multitasking

Education

Degree in Banking, Finance, Business Administration or equivalent

Tools

Microsoft Outlook

Microsoft Excel

Microsoft PowerPoint

Microsoft Word

Job description

Section Head, Deposit & Fee-Based Product Development

Responsible to assist Head, Product Research and Development on all aspects of product research, development, enhancement, packaging, and review especially in Deposit and Fee-Based Product Development in order to meet Bank’s profitability, Shariah requirements and regulatory requirements within the Bank’s mandated role.

Execute the overall product origination process in developing and reviewing Agrobank’s products and services.

Organize and/or coordinate with the working committee from the relevant departments/stakeholders in order to execute the product development process.

Guide and supervise team members and subordinates for the end-to-end product development, approval and implementation.

Drive research initiatives on new business prospects and create paths to utilize more untested but acceptable product concepts in a pragmatic way.

Conduct R&D activities and develop a conceptual framework for product development.

Plan and design a new product, packaging and/or related business initiatives with appropriate Shariah concept and ensure compliance with the Bank’s policies and regulatory requirements.

Prepare/Review business proposals and obtain necessary approvals (i.e. Shariah Committee, MRC, ALCO, BRMC, BNM etc., whichever applicable.)

Review the operation manual and/or product guideline and obtain required internal and/or external approval.

Provide product briefing/ training, business support and advisory function.

Ensure that all communications, concurrences, and approvals are obtained based on the SOP in a specific and timely manner.

Address factors/challenges that affect product competitiveness and collaborate with relevant stakeholders (e.g., product developers and business units) to improve utilization of products for new business.

Promote ongoing business improvements to work processes that lead to improvement in product time-to-market.

QUALIFICATION & REQUIREMENTS

• 6 - 8 years of relevant experience in product development/management preferably in development banking and or relevant banking / financial environment.
• Degree in Banking, Finance, Business Administration or equivalent.
• Experience in deposit and fee-based products in Banking and Financial Institutions, with an understanding of industry requirements that can be met via decisioning solutions.
• Disciplined, self-motivated, proactive & result-oriented with a strong desire to succeed and ability to work under pressure and independently.
• Candidates also require excellent multitasking and good communication skills.
• Strong strategic vision and creative/innovation skills balanced by a highly analytical, detail-oriented and result-oriented approach.
• A strong communication and collaboration management style with the proven ability to influence key decisions via business partnering and negotiation throughout the organization.
• Proficient in the use of Microsoft Outlook, Excel, PowerPoint and Word.
• Strong communication skills (written and verbal).

About Agrobank

Agrobank is a Government-owned Bank under the Minister of Finance Incorporated (MFI). The bank’s financing of the agricultural sector is driven by a policy set forth by the Ministry of Agriculture and Agro-Based Industry (MOA). Agrobank today operates through 190 branches throughout Malaysia, and employs over 3,400 employees. With a wide network of branches throughout Malaysia, we provide a holistic range of financial services and banking facilities with a focus on the agricultural sector, offering savings activities, banking services, takaful, financing and advisory services.