Pan Africa Head of Product Management: Institutional Trade at Absa

Job Summary

• The Pan Africa Head of Product Management for Institutional Trade will be required to plan, develop and grow the Institutional Trade product propositions. The Product Head will work closely with key stakeholders to articulate the vision/ direction of the product and the product priorities. Build consensus across the organisation on the product direction and priorities and obtain commitment from stakeholders across the group to align behind the product plans. This is achieved by driving, developing and implementing the strategic direction and managing or influencing the execution of tactical activities for the Institutional Trade business across all key markets.

Job Description

In this role you will be accountable for;

• Understand customer needs to develop and drive the customer proposition per segment and product area
• Own respective product P&L
• Develop the short and  medium  term  product strategy across segment & sectors for the product environment for the required product set
• Drive the appropriate use of expert teams in developing plans that will ensure market growth and customer satisfaction. These teams include but are not limited to the research team, other product teams, sales, operations, helpdesk, marketing, legal and compliance, change and technology teams.
• Develop and grow the market through the development of new revenue generating  products or enhancing existing solutions
• Work with the FI sales team to determine appropriate product strategy per sector to enable pipeline opportunities
• Responsible for ensuring that all impacted stakeholders across the Group understand and support the agreed strategies for the area i.e.  Change, IT, Digital Operations, Risk teams, Credit, Segment and Sector, etc.
• Ensure that the New Product Approval process is followed with regard to any new products or reviews.
• Ensure the use of industry best practices for product planning, life cycle management, measurement, growth and profitability. This means amongst others, addressing the strategies covering the eight P's of services (Product. Price, Promotion, Place, Processes. Physical evidence, People and Profitability).
• Ensure that all members of the team understand processes, control requirements and risk management frameworks that have been designed for the area.
• For audit findings that have an impact on the area,  identify, sign off and ensure implementation required actions
• During scheduled audits and management assurance reviews, ensure that all information required by the auditors are provided timorously.
• Allocate duties to team members in order to achieve operational targets including prioritisation and work schedules.
• Based on gaps identified, motivate requests to the manager for additional resources including people, budget and equipment.

Send in your application if you have the following:

• A PostGraduate Degree
• 10 years (Technical/Managerial) experience specifically in Trade Finance is required. Preference will be given to candidates that have over 5 yrs Distribution experience
• 10 years’ experience Product Management  in the banking environment

Education

• Bachelor Honours Degree: Business, Commerce and Management Studies (Required)