Product Manager

The role of the Product Manager involves managing and developing liability products while working with distribution/sales channels and supporting units to grow the retail liabilities portfolio. The job holder is expected to support the Head of Liabilities in meeting overall Liabilities Balance and Revenue targets.

Key Responsibilities

• Support the Head of Liabilities to develop and execute effective business development strategies and marketing plans to achieve the company's business objectives.
• Design, plan, and implement end-to-end products and campaigns to acquire new customers, increase liabilities balances, and control customer/balance attrition.
• Monitor day-to-day performance of all liability products and produce reports and forecasts about portfolio behavior and revenue, recommending the best course of action.
• Determine and implement effective pricing strategies to ensure competitiveness and affordability.
• Proactively analyze competitors’ business and marketing activities to understand market trends.
• Coordinate with distribution/sales channels and supporting units to grow the deposit portfolio.
• Assist the Head of Liabilities in conducting regular sales performance reviews.
• Engage with branches and other sales channels to ensure awareness and alignment with liabilities product policies, procedures, and promotions.
• Provide support to the Head of Liabilities on strategic projects and other important initiatives, including international branch product development.
• Liaise with other related units, teams, and departments to carry out all relevant activities.

Requirements

• Extensive analytical skills and knowledge of liabilities-related revenue and fee income.
• High MIS skills with proficiency in Excel and other basic computer software.
• Strong knowledge of the UAE market.
• Fair knowledge of financials and budgeting.
• Strong background in product development.
• Fair knowledge of Islamic Banking.