Bharat Banking:Product Manager - Gold Loans

Bharat Banking: Product Manager

INTERNAL USAGE:

No. of Vacancies:

Reports to:

Product Head

Is a Team leader

NO

Team Size:

NA

Grade:

AM/DM/M

Business:

Retail Lending

Department:

Bharat Banking

Sub-Department:

Gold Loan

Location:

About Bharat Banking

The increasing income diversification, evolution of the tech stack, various government schemes to improve livelihoods, and integrating the country via roads and the internet have provided strong tailwinds to the rural and semi urban (RUSU) or Bharat markets.

To better capitalize on the growth runway and open the world of possibilities for the Bharat customer, the bank has set up a separate Bharat Bank vertical. It is an amalgamation of products and geography, handling certain core products across the country and all the products in the RUSU branches.

The objective is to accelerate the growth journey by expanding distribution reach via branches, partnerships, and digital presence, creating tailored products and processes, and using the One Axis strategy to harness synergies in all parts of the Bank to deliver to the Bharat customer.

The Bank also continues to focus on growing the book profitably by enhancing productivity, improving operational efficiency to reduce cost, and containing risk by leveraging technology such as AI and ML & rigorous portfolio monitoring.

With a customer-centric view, Bharat Banking wants to create a multi-channel distribution and penetrate deeper into the market to provide access to quality financial services and unlock its true potential to significantly improve the lives of our consumers.

AbouttheRole

The Product Manager will define the why, what, and how of building Gold Loan product to cater to the consumers needs. Preferably, the candidate should have excellent listening and analytical skills, with the ability to work in tandem with multiple teams. Also, the person should be result-oriented, creative and comfortable to work within tight deadlines.

Key Responsibilities

1.Define and manage long-term and short-term goals for product and set priorities to achieve the same.

2.To understand the regulatory guidelines on banking policies issued by RBI, guidelines on insurance issued by IRDA, laws and regulations concerning the business, and the KYC and Anti-Money laundering policies.

3.Interact with key stakeholders to define the metrics, measurements, benchmarks, and tools to quantify business goals and translate them into products

4.Ability to work on raw data, and provide insights based on the same, aligned with the KPIs defined beforehand, which help to achieve goals of the team

5.Review and monitor business performance via regular MIS reports, and look to improvise/ introduce new MIS to support business

6.Prepare presentations and reports for the senior management review

7.Communication: Liaising with central marketing team for marketing initiatives and innovative engagement activities

8.Digital Initiatives:Drive usage of Digital platforms through trainings and contest

9.Develop and work closely with Risk, Credit, Fraud Control, and Operations to have best in class TATs and credit risk monitoring processes.

10.Do effective channel management and drive product communication through various channels

11.Liaise with various partners like L&C, Audit, Technology, and Finance & Marketing for the product update and business compliance.

Preferred Skills:

1.Prior work experience in products/ business teams in bank/ NBFC

2.Data Analytics, with Advanced Excel and Power point Skills

3.Experience of having developed financial products from conceptualization to launch is a big plus

4.Experience in designing incentive structures and sales contests will be handy

5.Experience in writing goals, stories, test-case documents, BRDs will be good to have

6.Creating Schemes to drive product/ platform usage