Senior Product Manager: Transactional Banking

Absa Group; Sandton; On-site; ZAR 800 000 - 1 200 000; Full time

Job summary

A prominent banking institution seeks a dynamic Senior Product Manager to oversee the design and management of SME transactional banking products. This role involves leading product innovation, preparing business cases, and collaborating with stakeholders to enhance customer acquisition and retention. Candidates should possess a Bachelor's degree and 5-10 years of relevant banking experience, particularly in transactional products.

Qualifications

• Minimum 5-10 years of banking experience focusing on business clients.
• Experience in Banking Products with emphasis on transactional portfolio.

Responsibilities

• Design and develop SME transactional banking products.
• Drive innovation in product development cycle from ideation to launch.
• Prepare business cases for new product developments and enhancements.

Skills

Product Management

Transaction Banking knowledge

Collaboration

Root cause analysis

Business case preparation

Education

Bachelor's Degree in Business, Commerce or Management Studies

Post Graduate Degree

Job description

Empowering Africa’s tomorrow, together…one story at a time.

With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.

Job Summary

It is not too late to elevate your Product Management career to the next level. Here is an exciting opportunity just for you. Dynamic and commercially astute Senior Product Manager accountable for the product design, development and management of the respective SME (Small and Medium Enterprises) transactional product portfolio. To enable the fulfilment and implementation of the respective value propositions and ongoing implementation, enhancements and management of new and existing SME products and capabilities in the respective Product Portfolio.

Job Description

• Has a solid understanding of the Transaction Banking income statements and the elements that drive adoption and growth.
• Able to facilitate root cause analysis and determine the necessary actions to protect and grow revenue lines.
• Understanding of cost drivers in the value chain with an emphasis on reducing the cost to serve.
• Lead the end-to-end design and development of SME transactional banking products aligned with strategic objectives and market demand. Provides the design and development of new and existing products, taking to market and run of compelling and commercially viable product propositions spanning the product lifecycle.
• Drives innovation around the product development and management cycle, from ideation to launch and continuous improvement.
• Prepare business cases for new product developments, enhancements and new capabilities.

• Collaborates with the multiple stakeholders in ensuring that Product value propositions seamlessly integrate into segment and sector value propositions to support and enable the acquisition and retention of customers in specific sub-segments to support the targeted commercial and customer shapes.
• Management and coordination of activities relating to roll out of new products and product enhancements, including updates and change of product and process documentation.
• Manage specific product rationalisation and simplification initiatives to create a concise and clear product portfolio without ambiguity.

Education and experience required

• Minimum B-degree (NQF level no.7) Desired Post Graduate Degree (NQF level no.8+)
• 5 -10 years Banking experience with focus on Business clients
• 5 -10 years of experience in Banking Products
• Experience specifically relating to the Transactional Portfolio and value chain is preferred

Education

Bachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)

Absa Bank Limited is an equal opportunity, affirmative action employer. In compliance with the Employment Equity Act 55 of 1998, preference will be given to suitable candidates from designated groups whose appointments will contribute towards achievement of equitable demographic representation of our workforce profile and add to the diversity of the Bank.

Absa Bank Limited reserves the right not to make an appointment to the post as advertised