Senior Product Manager (Lending) - Private Bank Senior Product Manager (Lending) - Private Bank …

MW Recruitment
in London, England, United Kingdom
Permanent, Full time
Last application, 15 Jun 19
£80,000 - £95,000 + Bonus & Benefits
MW Recruitment
in London, England, United Kingdom
Permanent, Full time
Last application, 15 Jun 19
£80,000 - £95,000 + Bonus & Benefits
Overall objectives of the job: Responsible for the development and execution of the product strategy, including: strategic objectives, product design, pricing & end-to-end process design in line with the banks overarching customer value proposition and core principles Responsible for the all aspects of product performance including volumes, operational and compliance performance, profitability and monitoring and reporting

Manage all aspects of product management including:   

Product design – development of product portfolio to anticipate/respond to customer and market demand, industry trends and regulatory change

Pricing strategy – develop and implement pricing strategies for new and existing products aligned with and in support of  customer strategies

Product performance – manage the performance of products, tracking and responding to performance trends

Develop appropriate MI to support performance management 

Undertake regular competitor and market analysis producing regular written and verbal updates to Senior management. Using the analysis to make recommndatuions on the banks lending product suite including new products and changes to existing products. All recommendations supporting the banks customer value proposition.

End-to-end process management – working with all contributors to the value chain manage the underlying processes that support the product delivery 

Manage suppliers relationships with all parties including third parties in line with the banks contract framework

Compliance of products – ensure at all times with the support of the compliance and legal teams that the products meet all regulatory standards and are within the internally set risk appetite Ensure appropriate engagement and sign-offs by governance stakeholders at all times

Work closely with the process improvement programme in the design and build of product related end –to-end processes, policies and procedures

Report regularly to the Management committee on the product performance and strategy

Incorporate feedback and input from customers and other departments on product strategy and find ways to expand product reach

Act as Project Sponsor and a member of Steering for projects   Issue management and resolution and completion of any root cause analysis to ensure likelihood of repetition is both understood and where possible reduced

To become a subject matter expert of scheme rules where applicable and any emerging payment scheme developments

Lead product initiatives to deliver a simple, integrated and responsive customer experience, including process improvements; identify customer pain points and work with key stakeholders to deliver product and service improvements

Represent the bank at relevant industry forums eg UK Finance, ensuring developments are widely disseminated and understood by the impacted business areas 
 
 

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