Product Manager-Cash Management

Job Requirements

Role/ Job Title: Product Manager-Cash Management

Function/ Department: Wholesale Banking

Job Purpose:

To develop, structure and customize Escrow Service Deals alongside provide advisory services in line with internal processes and regulatory guidelines. Develop new products according to changing customer needs & conduct research on new product development & market with regards to Escrow Product & Services

Job Responsibilities:

• Working with Regional Sales/Coverage heads& Legal/Compliance teams internally for designing customized Escrow related deals (incl. CMS solutions) for sustained Escrow Account fee income and balances.
• Liaise with regulatory and internal audit teams and ensure nil regulatory/control deviations.
• Work with Product Lead & Product Head for Cost optimization and ensure profitability of Escrow mandates.
• Benchmarking product offerings with competition and work on new-age technology to provide differentiated Escrow solutions, focused efforts to increase digital footprint by increasing CIB usage for CMS/Escrow customers.
• Handling of day-to-day transaction approvals and issues across collection and payment products.
• Work closely with Ops and IT to ensure smooth execution of various product offerings.
• Work on system development initiatives and implementation.
• Process standardization and optimization along with Operations and other stakeholders.
• Cost saves, achieve product profitability in line with defined KPI/KRA and objectives.