Product Development Officer at Al Baraka Bank South Africa

Product Research and Development

• Conduct research on products and or services including reviews of local and international products and prepares submissions to the Product Development Committee (to be established) and obtain approval from EXCO.
• Assess the viability of the product / service and how it meets specific customer needs and covers all aspects that go into making a product / service a success.  Champion the conduct of feasibility studies of all potential products and services          
• Ensure that the proposals are fully costed, and new business potential is taken into account.
• Establish the requirements for customer services and staffing required to support the potential product or service
• Propose a detailed training plan to up skill all stakeholders on the knowledge of the product / service.
• Evaluate and provide proposals on the enhancement of current products and services including analysis and recommendations on the sustainability of existing products and services.

Implementation and roll out of the new products and services.

•  Member of the Projects team to contribute to the implementation of new products and services.

Innovation and ideas generation

• Assist with the innovation and ideas generation through structured initiatives such as presentations, surveys and make recommendations regarding ideas / innovation for implementation.
• Partner with the marketing department in order to propose new innovative ideas that will meet customer needs for products and services.
• Play an active role in monitoring ABG’s Products Intelligence and Database
• Participate in Albaraka Bank Groups Centre for Excellence in Product Development

Reporting                                                                                                                                                                                                                                                               

• Provide monthly reporting at all product development committee meeting and to EXCO.

Other Projects

• Assist with other projects as and when required.

Requirements

QUALIFICATIONS

• Appropriate Tertiary Qualification - B. Comm, Marketing, IT, or other relevant degree / qualification.
• Qualification in Research and Development and or Project Management will be an added advantage.

PREFERRED EXPERIENCE

• Minimum of 3 years’ experience in the Banking environment.
• Preferably with experience in project management.