Product Innovation Specialist- Alliance Banking

Access Bank Plc; Johannesburg; On-site; ZAR 600 000 - 800 000; Full time

Job summary

A prominent financial institution in Johannesburg is seeking a Product Innovation Specialist to lead the development of new financial products. This role requires strong market analysis and project management skills, as well as a bachelor's degree in a relevant field. The ideal candidate has 3-5 years of experience in product innovation within the banking or fintech sector. This position offers full-time employment and attractive benefits, including medical aid and training opportunities.

Benefits

Medical Aid

Provident Fund

Group Life Cover

Income Disability Cover

Funeral Cover

Training & Development

Qualifications

• 3-5 years of experience in product innovation, market research, or product development in banking or fintech.
• Strong organizational skills to manage multiple product development projects.
• Ability to work cross-functionally with diverse teams.

Responsibilities

• Lead the creation, development, and implementation of new financial products.
• Conduct market research to identify trends and gaps.
• Manage product lifecycle from concept to launch.

Skills

Innovation & Creativity

Market Analysis

Project Management

Collaboration

Customer Focus

Analytical Skills

Communication Skills

Technology Savvy

Entrepreneurship

Education

Bachelor's degree in finance, Economics, Information Systems, Accounting or a related field

Job description

Product Innovation Specialist – Alliance Banking

Job Mission / Objective: The Product Innovation Specialist is responsible for leading the creation, development, and implementation of new financial products and services for Access Bank South Africa.

The role focuses on identifying market trends, customer needs, and innovative solutions to drive the bank's growth, enhance customer experience, and ensure a competitive edge in the financial services market.

The Product Innovation Specialist will collaborate closely with cross‑functional teams to ensure successful product launches and continuous product improvement.

Innovation Pipeline

• Number of new products or features introduced, and their success in terms of market uptake and partner feedback.
• Lead the ideation, design, and development of new products and services that align with customer needs and market opportunities.
• Conduct market research to identify trends, gaps, and competitive products, providing insights that will shape product innovation strategies.
• Develop product roadmaps and manage the product lifecycle from concept to launch, ensuring timely and successful execution.
• Create innovative solutions that leverage technology, digital platforms, and partnerships to enhance Access Bank's product portfolio.

Revenue Growth

• Contribution to cross‑selling opportunities and increased revenue generation through innovative product solutions.

Market Research

• Quality and relevance of insights from market research, and their application to product development strategies.

Product Launches

• Timeliness and success of product rollouts in partnership ecosystems.

Requirements

• Academic Knowledge: Bachelor's degree in finance, Economics, Information Systems, Accounting or a related field.
• Work Experience: 3-5 years of experience in product innovation, market research, or product development in the banking or fintech sectors.
• Skills:
  • Innovation & Creativity: Ability to think outside the box and design unique products that set Access Bank apart from competitors.
  • Market Analysis: Expertise in identifying market trends, customer needs, and competitive gaps that drive product development.
  • Project Management: Strong organizational skills to manage multiple product development projects simultaneously, with attention to timelines and budget.
  • Collaboration: Ability to work cross‑functionally with diverse teams and lead collaborative efforts in product development.
  • Customer Focus: Deep understanding of customer behaviour and needs, with a focus on delivering solutions that enhance customer satisfaction.
  • Analytical Skills: Strong data analysis skills to evaluate product performance, identify improvement areas, and make data-driven decisions.
  • Communication Skills: Excellent verbal and written communication skills to present ideas, proposals, and reports to stakeholders.
  • Technology Savvy: Understanding of digital platforms, emerging technologies, and how to leverage them for product innovation in banking.
  • Entrepreneurship: Proven entrepreneurial mindset and drive to innovate within a banking context.

Benefits

• Medical Aid
• Provident Fund
• Group Life Cover
• Income Disability Cover
• Funeral Cover
• Training & Development

Seniority level: Mid‑Senior level

Employment type: Full-time

Job function: Product Management and Marketing

Industries: IT Services and IT Consulting