Product Manager - Bank Assurance

Job Description

To manage the performance of the Bank Assurance products and team, that includes life and general insurance products.KEY ACCOUNTABILITIES:Supervision of Subordinates?? Organise and supervise the activities and work of subordinates to ensure that all work within a specific area of the activity is carried out in an efficient manner, which is consistent with operating procedures and policy.?? Provide on-the-job training, coaching and constructive feedback to subordinates to support their overall development. This will include an Insurance Product Specialist as a direct report and a small team of telesales insurance agents.Product Strategy?? Responsible for formulating the Retail wide product insurance strategy and ensure the implementation and delivery of underlying product objectives.Budgets, Planning and monitoring?? Contribute to the preparation of the budget and monitor financial performance versus the budget, in order to ensure that the business is aware of anticipated costs/revenues and areas of unsatisfactory performance are identifiedBanking Products?? Facilitate conceptualization, design and review of CB Retail Banking Insurance products through the utilization of analytics data, market insights and internal capabilities. Work with relevant stakeholders in order to provide the bank with captivating customer offers in order to win in the market place.??? Implement, communicate and monitor CB Retail Banking products (by liaising with key stakeholders, developing activity and enhancing service, product and brand offerings whenever possible) in order to drive growth and maintain retention of customers.??? ???? ?Acquisitions of Salaried Accounts/ Target Customers??? Plan and drive customer acquisition and cross sale, by developing products that appeal to targeted customers and are market leading.??? Work with internal stakeholders to achieve acquisition strategies across all segments and nationalities in order to generate customer acquisition growth and revenue for the bankWealth Management??? Support the implementation and ongoing development of wealth management through provision of relevant product suppliers as required??? Ensure wealth management offering is competitive and in line with international standards??? Monitor product development and third party product supplier management, pricing and maintenanceInsurance?? Manage product and delivery of insurance products through effective management of insurance providers?? Ensure insurance related products are competitive and aligned to the bank?s strategy and customer needsReporting and Operational Needs Assessment??? Provide periodic and / or ad hoc reports and analysis for Retail banking product and proposition performance, in order to provide senior management with insights and clarity of banking product current activities and performanceContinuous Improvement?? Motivate subordinates and contribute to the identification of opportunities for continuous improvement of systems, processes and practices taking into account ?international leading practice?, improvement of business processes, cost reduction and productivity improvement.Policies, Systems, Processes? and Procedures?? Recommend improvements to functional procedure and direct the implementation of instructions and controls covering a specific area of activity so that all activities are conducted in compliance with risk, audit, and regulatory requirements while delivering a quality, cost-effective serviceMIS and Reports?? Prepare departmental MIS statements and reports timely and accurately to meet CBQ and department requirements, policies and standardsRelated Assignments?? Perform other related duties or assignments as directed

Keyskills :
Product ManagementBankingManagementSalesInsurance