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Top three Private Bank
Location: Mumbai  Salary: INR 10-15 L   Opening(s): 1
Experience: 5 yrs
Posted on: 31-08-2012
Job Description
  1. Grade:        Manager /Sr. Manager

 

  1. Position:      One

 

  1. Role:           Product Manager –LAS and Non Schematic Products

 

  1. Role and Responsibilities:

 

The Officer would be responsible for

 

Product Development

 

Þ   Identify, develop and launch new products based on the new securities instruments available in the  market ( LAS, Loan Against FD, Loan against MF, Loans against Bonds etc)

Þ  Bouquet of products to be expanded to cater to varied requirements of customers approaching to avail loans against securities. Modification to existing products to suit changed requirements of customers and ensure an edge over  the competition

Þ  Tracking of efficacy of existing product and amending the same to ensure marketability.

Þ  Provide updates to management on developments in financial markets duly supported by market information and business data

 

 

Product maintenance & Portfolio Management

 

Þ     Periodical review to assess the composition, contribution and diversification of the existing portfolio to ensure sustainability and market competitiveness.. 

Þ     Review at regular intervals on quality, profitability and behavior of the portfolio.

Þ     Ensure the products/portfolio are compliant to regulatory guidelines. 

 

                      

Budgeting

 

Preparation of business budgets -  book size, yields , fee income -  in line with overall budgets allocated to the department 

Allocation of budgets Centre wise based on the potential of the location

Productivity norms to be fixed for manpower requirements and budgets prepared required to achieve the yearly targets

 

Profitability & Costs

 

Monitor profitability of the products under the portfolio.  Revision of products as required on Interest pricing, fee structure, taking into account cost of funds, profitability and productivity

 

 

 

 

 Liaising  with Stakeholders 

 

Þ     Liaison with Legal and Compliance department on adherence to internal compliances and external regulatory guidelines.  Extend support in closing Audit issues. Ensure branding and campaigns as marketing support to sales teams

 

 

Training

 

Train channels on the product at regular intervals to make the customer interface highly effective.  Create training modules on products and cascade the modifications in norms periodically

 

 

 

 

  1. Experience Profile:

 

Þ        5 years in similar role in an established Bank/NBFC

 

 

6.     Location: Central Office, Mumbai

 

  1. Age criterion :  25– 30 years

 

  1. Reporting Authority: Vice President Retail Assets, Central office

 

Desired Candidate Profile
Education: (MBA,PGDBM)
Company Profile

An Indian Private Bank among the top three