Head of Transactional and Savings Products at Postbank (SOC) Ltd

Job Responsibilities

• Collaborate with cross-functional teams, including marketing, operations, IT, and compliance, to ensure seamless product delivery and implementation.
• Develop the product strategy and roadmap (detailed product and project plan) to ensure seamless execution and clear product direction
• Develop new products based on strategic priorities, revenue opportunities, industry experience, idea generation, company technological capability, staff resources, and site and marketplace research
• Optimize and analyze product performance and respond quickly to diagnose and correct any problems
• Manage product lifecycle and submit plans relevant parties for lifecycle-related development and retirement activities
• Monitors product development at predefined checkpoints to assure compliance with requirements, functional specifications and market strategy; reports status to Management Team and recommends risk mitigation strategies
• Work with Business Development, marketing and sales to assess opportunities that have product definition implications to ensure a revenue-generating offering
• Conduct market research to identify customer needs, market trends, and competitive offerings, particularly for underserved and unbanked populations.
• Develop a user experience and offering that exhibits an expertise with respect to the competitive offerings, from both a user and advertiser perspective, to ensure the product is competitive with the market.
• Build, lead, and mentor a high-performing product management team, fostering a culture of innovation, collaboration, and excellence.
• Ensure the efficient management, control, compliance and reporting of the function / resources in accordance with the stipulations of the PFMA, fraud prevention and risk management principles, corporate governance, legislation, company policies, processes, regulations, Delegation of Authority, etc.
• Develop and manage budgets for product development, marketing, and operational initiatives.

Role Requirements:
Qualifications:

• Applicable Post Graduate Degree (NQF 8) in Commerce/Science or Engineering. A recognised MBA will be an added advantage.

Experience:

• Minimum of 10 years of experience in product management within the banking or financial services industry, with at least 5 years in a senior leadership role
• Fulfil the terms of FAIS, any related legislation or regulation and any guidelines or regulations issued by the Financial

Sector Conduct Authority (FSCA)

• Computer literacy – Microsoft Office package (MS Word, Excel, PowerPoint, Outlook)