Personal Finance Products Manager

SAB; Riyadh; On-site; SAR 260,000 - 380,000; Full time

Job summary

SAB in Riyadh seeks a Personal Finance Products Manager to lead the development, launch and profit lifecycle of lending products within Wealth & Personal Banking. You will partner with Marketing, IT, Legal and Risk teams to design value propositions, specify product features and ensure profitable delivery across channels.

The role requires about 5 years in Personal Finance product management, with a strong banking product background and ability to translate consumer needs and market trends into

Qualifications

• Around 5 years of experience in Personal Finance Product management.
• Strong technical background in personal banking products.

Responsibilities

• Conducts analysis to assess performance, revenue and profitability of lending products against plans.
• Designs lending products based on consumer needs and competitive landscape to increase customer base.
• Develops value propositions, specifications and features for new lending products.
• Coordinates with stakeholders across CRM, IT, branches, marketing, legal and risk for product development and launch.
• Develops training and sales support materials to communicate product value proposition.
• Supports marketing programs and campaigns to drive demand and customer acquisition/retention.
• Collaborates with Marketing and Retail Banking/Wealth Management to understand business requirements and ensure profitability.

Skills

Personal finance

Product management

Lending products

Stakeholder management

Marketing collaboration

Job description

Job Title: Personal Finance Products Manager

Group: Wealth & Personal Banking

Department: Personal Finance Products - Customer Value Management

Core Resposnibilities:

• Conducts the requisite analysis to assess the performance, revenue and profitability of lending products services against established plans.
• Designs lending products based on understanding of consumer needs, competitive landscape, internal and external environment etc. in order to increase the customer base for SAB.
• Develops the new products value proposition, specifications and features to translate the conceptualized design in to product offerings.
• Liaises with key stakeholders from Customer Relationship Management through periodic meetings to collate data related to consumer requirements, market trends, economic trends, competitor analysis etc. for ensuring a holistic understanding of the internal and external environment while development of new lending products.
• Manages the coordination of new lending products development efforts facilitating the development cross-functional teams (Information Technology, Branches, Marketing, Legal and Risk etc.) for implementation plans, marketing and communication, legal andamp; compliance issues etc.
• Manages the development of value proposition training manuals, sales training and sales support on the new products offering to ensure effective communication of the product value proposition at all times.
• Provides any product specific inputs for development of effective marketing programs and campaigns to drive product demand, increase customer acquisition, retention from conceptualization and execution to analytical support.
• Works in close coordination with key stakeholders from Marketing for all aspects pertaining to development of marketing and promotional campaigns for launch and promotion of new product offerings.
• Works in close coordination with key stakeholders from the Retail Banking andamp; Wealth Management through periodic meetings to understand the specific business requirements related to lending products.
• Works in close coordination with Senior Manager Lending Products for development of commercial service description for new lending products and ensures adherence to profitability and cost-efficiency guidelines.
• Identifies and evaluates potential partners for requisite support on all matters related to launch and promotion of the new products as required.
• Manages the preparation of requisite reports (weekly/monthly/quarterly/ad-hoc) and MIS through periodic reviews to ensure accuracy and timeliness in reporting the right information for facilitating informed decision making.

Role Requirements:

• Around 5 years of experience in Personal Finance Product management.
• Strong technical background in perosnal banking products.