Product Manager-Business Banking

Job Requirements

Job Requirements

Position: Product Manager - Business Banking

Company Name: IDFC FIRST Bank

Job Type: Full-Time

Job Category: Retail Banking

Department: Retail Banking > Business Lending > Product & Program > Business Lending

Location: Mumbai, Maharashtra, India

IDFC FIRST Bank is seeking a highly motivated and experienced Product Manager to join our Retail Banking team. As a Product Manager for Business Banking, you will be responsible for developing and managing our suite of products and services for small and medium-sized enterprises (SMEs). This is a full-time position based in Mumbai, Maharashtra, India.

Key Responsibilities

• Develop and implement product strategies and roadmaps for the Business Banking segment
• Conduct market research and analysis to identify customer needs and trends in the SME market
• Collaborate with cross-functional teams to design and launch new products and enhance existing ones
• Monitor product performance and make data-driven recommendations for improvements
• Manage the product lifecycle from ideation to launch, including pricing, positioning, and marketing strategies
• Stay updated on industry and regulatory developments to ensure compliance and competitive advantage
• Build and maintain relationships with key stakeholders, including sales teams, customers, and partners
• Train and educate sales teams on product features and benefits to drive sales and revenue growth
• Conduct regular competitor analysis to identify opportunities and threats in the market
• Develop and manage product budgets and forecasts
  
  

• Bachelors degree in Business, Finance, or a related field; MBA preferred
• Minimum of 5 years of experience in product management, preferably in the banking or financial services industry
• Strong understanding of SME market and business lending products
• Proven track record of successfully launching and managing products
• Excellent analytical and problem-solving skills
• Strong project management and organizational skills
• Ability to work independently and in a team environment
• Excellent communication and interpersonal skills
• Proficient in Microsoft Office and data analysis tools
• Knowledge of regulatory requirements for banking products is a plus