Vice President, Payments Product Manager, Global Transaction Banking Department

Sumitomo Mitsui Banking Corporation; Singapore; On-site; SGD 80,000 - 120,000; Full time

Job summary

A leading banking institution is seeking a Payments SME for Corporate Internet Banking to lead product development and management in payment solutions. The role involves defining business requirements, establishing a testing framework, and collaborating with various teams to drive innovation. Candidates should possess a strong background in product management and payments, along with excellent communication and analytical skills.

Qualifications

• Extensive experience (7+ years) in product management within the payments sector.
• Proven track record of launching and managing payment products.
• Prior experience in Corporate Internet Banking Payment product role.

Responsibilities

• Work with cross-functional teams to define business requirements for the corporate internet banking portal.
• Develop, manage, and implement payment products that align with business objectives.
• Facilitate training sessions for internal stakeholders and clients.

Skills

Product Management

Stakeholder Collaboration

Analytical Skills

Communication

Problem-solving

Education

Bachelor's degree in business, Finance, or related field

MBA

Job description

Payments SME for Corporate Internet Banking

• Work in partnership with cross-functional teams to gather, analyze, and define business requirements for the corporate internet banking portal, with a specific emphasis on payments and collections features.

Product / User AcceptanceTesting

• Lead the establishment of a robust product / user acceptancetesting COE framework that incorporating industry best practices, governance, strategies, and methodology.
• Collaborate closely with Operations, IT, and cross-functional teams to ensure that all products undergo thorough testing, gathering feedback to refine functionality and user experience before launch.
• Facilitate training sessions and materials for internal stakeholders and clients to ensure understanding of product capabilities and testing processes.

Product Commercialization

• Develop pricing strategies and commercialization plans for payment products, ensuring profitability while remaining competitive in the marketplace.
• Collaborate with marketing teams to create compelling product positioning, messaging, and promotional strategies that resonate with target audiences.
• Establish, Monitor and Track key performance indicators (KPIs) to measure the success and impact of payment products, regularly reporting on performance to executive leadership.

Product Development

• Develop, Manage and implement a comprehensive payment product that aligns with the organization's overall business objectives, focusing on building new and enhancing payments and collections product offering.
• Oversee the entire product lifecycle from ideation to launch, particularly for cross-border payments, ensuring that all products meet market demands, user experience standards, and regulatory compliance.
• Conduct market research and competitive analysis to identify emerging trends and technologies in the payments landscape, making data-driven recommendations for product enhancements and innovations.

Stakeholder Collaboration

• Foster strong relationships with external partners, vendors and internal teams across Sales, Operations, Service, Implementation and IT including Local branch team to enhance product offerings and drive innovation in payment solutions.

Job Requirements

• Bachelor's degree in business, Finance, or a related field; MBA preferred.
• Extensive experience (7+years) in product management within the payments sector, with a proven track record of successfully launching and managing payment products.
• Prior experience of working on Corporate Internet Banking Payment product role.
• Prior experience in establishing and managing a User AcceptanceTesting COE.
• Exceptional communication and interpersonal skills with the ability to influence cross-functional teams and drive product initiatives, further capable of engaging with stakeholders at all levels.
• Excellent analytical and problem-solving skills, with a data-driven approach to decision-making.