Product Development

Gender

Muscat

On-site

OMR 12,000 - 18,000

Full time

11 days ago

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Job summary

DB in Muscat seeks a Product Manager to drive the product lifecycle from market research to launch and post-launch analysis. You will translate market opportunities and customer needs into compelling concepts aligned with DB's strategy.

Responsibilities include leading design and development of new banking products, managing lifecycles, preparing business cases, coordinating internal approvals, and reporting on performance with data-driven insights.

Qualifications

Bachelor's degree in relevant discipline.
4 to 6 years of experience in relevant discipline.
Strong analytical and problem-solving skills with a data-driven approach.
Excellent communication, interpersonal, and collaboration skills.
Proficient in Microsoft Office Suite and financial modelling software (a plus).

Responsibilities

Lead the design and development of new banking products.
Manage product lifecycles, including revisions, enhancements, and discontinuation based on market performance.
Contribute to departmental strategy alignment and cross-functional coordination.
Review and enhance existing products to improve competitiveness and efficiency.
Prepare and conduct comprehensive reports with findings from data analysis, market research, and customer feedback.
Develop product concepts, value propositions, and business cases.
Prepare detailed business cases including financial projections, risk assessment, and expected impact.
Evaluate product profitability, sustainability, and alignment with bank strategy.
Coordinate internal approvals for product launch.
Work with internal teams and regulators to ensure compliance and smooth rollout.
Support product rollout and training; monitor KPIs and performance.

Skills

Analytical thinking

Data-driven decisions

Communication

Project management

Team collaboration

Financial literacy

Education

Bachelor's degree in relevant discipline

Tools

Microsoft Office Suite

Financial modelling software

Job description

To drive innovation and growth by leading the product lifecycle, including researching market opportunities and customer needs aligned with DB's strategy, developing compelling concepts, ensuring successful launches, managing post-launch activities, and presenting data-driven reports.

2. Duties and Responsibilities

Lead the design and development of new banking products.

Manage product lifecycles, including potential product revisions, enhancements, and potential discontinuation based on market performance.

Contribute to the development of departmental strategy as cascaded down from the functional strategy and its implementation within own section and its operations, in order to ensure vertical alignment and horizontal integration with other interfacing departmental strategies across DB.

Review and enhance existing products to improve competitiveness and efficiency to the management.

Prepare and conduct comprehensive reports that include detailed findings from data analysis, market research, identify customer needs, industry trends, and gaps, customer feedback, product performance metrics, and internal assessments, along with actionable recommendations.

Develop product concepts, value propositions, and business cases.

2. Business Case & Feasibility

Prepare detailed business cases including financial projections, risk assessment, and expected impact.

Evaluate product profitability, sustainability, and alignment with bank strategy.

Coordinate internal approvals for product launch.

3. Stakeholder Coordination

Work closely with Business, Risk, Legal, IT, Operations, and Compliance teams to ensure smooth product development and rollout.

Liaise with external stakeholders (regulators, partners, fintechs, consultants).

4. Product Implementation

Support product rollout including policies, procedures, and system requirements.

Conduct internal awareness and training sessions.

5. Monitoring & Performance

Recommend improvements based on KPIs and market feedback.

Ensure compliance with regulatory and internal policies.

6. Strategic Contributions

Support strategic initiatives related to financial inclusion, sustainability, and development sectors.

Contribute to innovation programs (digital banking, green finance, partnership models).

Apply the strategy of PD section and driving a new data driven approach; analyze market data and identify opportunities for new products and services that contribute to DB's growth and strategic goals.

7. Operational

Contribute to the development and consolidation of the departmental budget and monitor own section s financial performance versus the budget, in order to ensure the exercising of financial authority within established limits and the control of sectional budget expenditure

Manage the section s daily operations by providing expertise, enabling teamwork, and aligning processes, in order to achieve high performance standards and meet established targets

Communicate with internal and external data / information providers to ensure consistency, standardization and timeliness of information provided for reporting and analysis purposes.

Perform any other relevant task assigned from time to time by the management.

KEY INTERACTIONS

1. Internal

All internal department and branches

2. External

Vendors, Service providers, Consultants, Regulatory authorities

As part of operational activities

3. Level of external interaction

This position requires a medium level of external interaction

MINIMUM EDUCATION, QUALIFICATIONS & SKILLS

Education:

Bachelor's degree in relevant discipline.