Product Head

FirstRand Bank Limited; Sandton; On-site; ZAR 900,000 - 1,300,000; Full time

Job summary

FirstRand Bank Limited in South Africa seeks a Product Manager to oversee the lifecycle of trade products and services, shaping strategy, channel delivery, and risk-aware pricing.

The role collaborates with stakeholders to drive growth, ensure regulatory compliance, and deliver robust product launches across the value chain.

Applicants should have a strong track record in product management within financial services and be prepared to work within the FirstRand Corporate Centre framework.

Qualifications

• To manage products throughout the product lifestyle
• Define and execute management product strategies for trade products and or services and or enhancements to existing trade products and or services
• Select appropriate channels through which trade products will be delivered
• Agree on budgets and targets for the product
• Compile requirements for risk, operations, compliance, tax, sales and marketing, financial reporting, and pricing
• Present document to DCF forum and obtain sign-off
• Expand asset base through distribution channel penetration
• Optimise products in line with bank risk appetite, regulatory changes, statutory changes, tax, market conditions and client requirements
• Provide feedback on product performance to internal and external stakeholders
• Enhance processes and operations so products are ready for handover to Middle Office
• Perform ongoing research and development
• Price exotic trades and hybrid derivatives
• Engage in dual curve construction for collateralisation, index construction and efficient numerical methods
• Demonstrate pride in the organisation's brand services and products by delivering on the brand's promise
• Follow through to maintain personal quality and productivity standards
• Stay up to date with legislations and new developments
• Handle stress without negatively impacting others
• Plan and manage own workflow and priorities to meet objectives
• Take ownership of personal career development
• Read situations and organisational realities
• Set aside personal agenda for the greater good
• Act ethically and transparently including highlighting unethical practices
• Share debate and communicate learnings
• Flag and debate issues constructively
• Promote a friendly cooperative climate

Responsibilities

• To manage products throughout the product lifestyle
• Define and execute management product strategies for trade products and or services and or enhancements to existing trade products and or services
• Select appropriate channels through which trade products will be delivered and scope the high level product requirements for those channels
• Agree on budgets and targets for the product
• Compile a document detailing all requirements for risk, operations, compliance, internal audit, tax, sales, marketing, financial reporting, capital implications, processes specific regulations, pricing guide, pricing models, as well as legal documentation
• Meet with relevant stakeholders to ensure these are conducted comprehensively
• Present document to DCF forum and obtain electronic sign off, and conduct the product launch
• Expand asset base through either increased penetration in existing distribution channels or broadening distribution channels
• Optimise products in line with bank risk appetite, regulatory changes, statutory changes, tax, market conditions and client requirements
• Provide feedback on product performance to internal and external stakeholders
• Enhance processes and operational capabilities for products to the point that they are ready to be handed over to Middle Office
• Perform ongoing research and development
• Price exotic trades and hybrid derivatives
• Engage in dual curve construction for collateralisation, index construction and ensuring efficient numerical methods
• Demonstrate pride in the organisations brand services and products by consistently delivering on the brands promise
• Follow through to ensure that personal quality and productivity standards are consistently and accurately maintained
• Stay relevant and up to date with legislations and new developments
• Handle stress in ways that do not negatively impact others
• Plan and manage own workflow anticipating obstacles juggling priorities and following through on objectives within agreed time frames and according to quality standards
• Take ownership of personal career development leveraging formal and informal opportunities
• Read situations and organisational realities
• Set aside personal agenda for the greater good
• Act in an ethical transparent and morally defensible manner including highlighting unethical practices
• Share debate and communicate learnings
• Flag and debate issues constructively
• Promote a friendly cooperative climate

Skills

Pricing guide

Pricing models

Risk

Compliance

Internal audit

Tax

Sales

Marketing

Financial reporting

Capital implications

Job description

Job Description

To manage products throughout the product lifestyle To ensure optimal product rollout across the entire value chain Define and execute management product strategies for trade products and or services and or enhancements to existing trade products and or services Select appropriate channels through which trade products will be delivered and scope the high level product requirements for those channels Agree on budgets and targets for the product Work with relevant stakeholders to negotiate the optimal credit facilities within the group to compliment the growth strategy Compile a document detailing all requirements for risk, operations, compliance, internal audit, tax, sales, marketing, financial reporting, capital implications, processes specific regulations, pricing guide, pricing models, as well as legal documentation Meet with relevant stakeholders to ensure these are conducted comprehensively Present document to DCF forum and obtain electronic sign off, and conduct the product launch Expand asset base through either increased penetration in existing distribution channels or broadening distribution channels Optimise products in line with bank risk appetite, regulatory changes, statutory changes, tax, market conditions and client requirements Provide feedback on product performance to internal and external stakeholders Enhance processes and operational capabilities for products to the point that they are ready to be handed over to Middle Office Perform ongoing research and development Price exotic trades and hybrid derivatives Engage in dual curve construction for collateralisation, index construction and ensuring efficient numerical methods Demonstrate pride in the organisations brand services and products by consistently delivering on the brands promise Follow through to ensure that personal quality and productivity standards are consistently and accurately maintained Stay relevant and up to date with legislations and new developments Maintain a positive attitude and respond openly to feedback Handle stress in ways that do not negatively impact others Plan and manage own workflow anticipating obstacles juggling priorities and following through on objectives within agreed time frames and according to quality standards Take ownership of personal career development leveraging formal and informal opportunities Read situations and organisational realities Set aside personal agenda for the greater good Act in an ethical transparent and morally defensible manner including highlighting unethical practices Share debate and communicate learnings Flag and debate issues constructively Promote a friendly cooperative climate

All appointments will be made in line with FirstRand Group’s Employment Equity plan. The Bank supports the recruitment and advancement of individuals with disabilities. In order for us to fulfill this purpose, candidates can disclose their disability information on a voluntary basis. The Bank will keep this information confidential unless we are required by law to disclose this information to other parties.

FirstRand provides a comprehensive range of financial services in South Africa and certain markets in broader Africa. The group also offers certain niche products and services in the UK and India. Listed on the Johannesburg Stock Exchange (JSE) and the Namibian Stock Exchange (NSX), FirstRand Limited is the largest financial institution by market capitalisation in Africa. The group follows a multi-branding approach. Its portfolio of financial services businesses includes FNB, RMB, WesBank, Ashburton Investments, Aldermore, MotoNovo and DirectAxis. Many are leaders in their respective segments and markets, offering transactional, lending, investment and insurance products and services The FirstRand Corporate Centre houses many of the critical functions required by a large and complex financial services group. The group's track record of delivering superior returns to shareholders has been achieved through a combination of organic growth, acquisitions, innovation and the creation of completely new businesses. The group’s purpose of delivering Shared Prosperity provides many opportunities for employees to innovate to address social and environmental challenges in our markets. All of our businesses have successful Volunteering programmes which also allow employees to adopt and support causes close to their hearts.

Closing Date: 13/10/26