Senior Product Manager: Transactional Banking at Absa Group Limited (Absa)

Job Summary

• Accountable for the product design, development, deployment and management of the respective 
• Consumer Product Portfolio. To enable the fulfillment and implementation of the respective value 
• propositions and ongoing implementation and management of new and existing products in the respective 
• Product Portfolio.

Job Description

• Product Design and Development
• Provides the design and development of new and existing products, taking to market and run of compelling and commercially viable product propositions spanning the product lifecycle;
• Drives innovation around the product development and management cycle.
• Prepare business cases for new product developments.
• Manage marketing collateral of wealth-owned banking and credit products. Responsible for the operational query resolution on all aspects of the respective Product portfolio relating to product propositions.
• Product Management
• Collaborates with the respective stakeholders in ensuring that Product value propositions seamlessly integrate into segment and sector value propositions to support “golden baskets” and enable the acquisition and retention of customers in specific segments and sectors to support the targeted commercial and customer shapes.
• Management and coordination of activities relating to roll out of new products and product enhancements.
• Responsible for updates and change of product and process documentation.
• Provides exception reporting on rate and fee deviations and revenue leakage in maintaining key product performance indicators for the respective Product portfolio
• Control
• To ensure optimal and compliant control environment within the respective Product Portfolio that appropriately balance risk appetites and customer demand with the need to grow to achieve the financial ambitions and balance sheet aspirations of RB.
• Stakeholder Management
• Responsibility for service monitoring from product providers and monitors client experience with particular emphasis on banking products.
• Ensures service delivery is in line with SLA’s.
• Drive interaction with all relevant Infrastructure areas across the business in addressing product management requirements and priorities.
• Drive relevant communication related to product changes or new product implementations.

Education and experience required 

• Minimum B-degree (NQF level no.7) Desired Post Graduate Degree (NQF level no.8+)
• 3 -5 years Banking experience
• 3 -5 years of experience in Banking Products
• Experience specifically relating to the Product Portfolio is preferred

Education

• Bachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)