Summary
Date Posted: Tuesday, January 03, 2023 , Base Salary: Not Disclosed

JOB DETAILS:
Job Purpose:
Responsible for asset product development, management and performance for Retail Banking while ensuring product profitability.

Main Responsibilities:
• Develop, implement, and manage a compelling Retail banking portfolio of Asset products.
• Ensure proper communication of new products before public launch, awareness, and training to branches and all key stakeholders
• Ensure new products are approved and in line with controls and regulations, customer centric concept and are fairly priced.
• Monitor, asses, and report new products framework and ensure the same is in line with the bank’s projections, targets, and budget.
• Analyze, manage, and identify all system faults that affect product performance then, suggest areas of improvement, get approvals for improvement, and ensure approved changes/enhancements are implemented within the agreed timelines.
• Monitor asset product quality by working with key stakeholders to ensure it remains within the acceptable bank’s threshold
• Play a key role in innovating Retail Banking asset products.
• Manage internal relationships with key stakeholders and business partners during introduction of new or existing products in accordance to bank risk appetite as well as customer needs
• Regular (Quarterly/Semi-Annually/Annually) Competitor Review vis-à-vis Retail Asset product offering.
• Conduct profitability analysis to ensure product performance as per targets
• Being pro-active to identify product issues and resolve them timely in a proactive manner.
• Responsible for products features enhancements and revamps where need be to ensure that all products features are relevant to customer’s needs and market competition in the industry.

Knowledge and Skills:
• Strong knowledge of constructing reports, executive summaries, and briefs
• In-depth understanding of product life cycle
• Business planning and Project management skills
• Strong analytical and numerical skills for calculation of statistics, figures and targets
• Credit knowledge
• Excellent Communication skills both written and oral
• Standard Computer skills
• Good interpersonal and networking skills
• Negotiation and Report writing skills
• Presentation, Coaching and Training skills

Qualifications and Experience:
• Bachelor’s degree or its equivalent in Business/Accountancy/Economics/Finance or any other related field.
• Any course or training in product development is an added advantage
• Minimum of 5 years’ experience in banking, out of which 3 should be in Credit or Asset product environment.

NMB Bank Plc is committed to creating a diverse environment and is proud to be an equal opportunity employer

Job closing date: 19-Jan-2023

Work Hours: 8

Experience in Months: 60

Level of Education: Bachelor Degree

Job application procedure
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