FirstBank Recruitment – PRODUCT MANAGER, COMMUNITY BANKING FirstBank recruitment is currently ongoing, and applications are invited for the position of PRODUCT MANAGER, COMMUNITY BANKING in one of the bank’s branches in Lagos – Nigeria.
JOB OBJECTIVE(S)
- To deepen FirstBank’s share of wallet on the Asset and Liability products business of the Community Banking Market segment through the development and launch of bespoke products.
- Smooths the diversification of asset revenue and liability generation by rolling out new and best-priced Asset Products to the segment through all touchpoints.
- To implement and develop marketing strategies for effective Asset and liability Product sales to the segment through the bank’s distribution channels.
DUTIES & RESPONSIBILITIES
- The position holder drives Community Banking Asset and liability product performance to ensure that targeted products for the segment are met.
- The product manager detects competitive product offerings and gives recommendations on how to improve our products to ensure that the bank’s Asset and liability product offerings maintain their competitive advantage.
- He/she recognizes market opportunities in the segment and launch additional Asset and liability Products.
- She/he initiates ideas that will develop new Asset and liability Products or that will improve the existing products.
- Helps in strategies development for the creation of Assets to grow the bank’s total Asset Portfolio.
- Participate in organizing strategies to increase Asset Products uptake in the Bank for the segment.
- The position holder ensures that assigned Asset and liability Products (new & existing) meets and comply with regulatory requirements.
- Work closely with M&CC, SBU, and other stakeholders to ensure managed FirstBank’s Asset products are highly visible in the market.
- Developing and implementing strategies for the effective monitoring or tracking of managed Asset Products.
- Developing and implementing strategies that will ensure that all LADs are of good quality.
- Intelligence/Information gathering on the product(s) being managed Relationship Management.
- Has the responsibility of promotional activities/schemes initiation to reward loyal customers and at the same time increase the market share in terms of deposits.
- Participating and carrying out presentations at various SBUs monthly/quarterly performance review sessions.
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- Participate in joint marketing calls with relevant BUs to provide adequate product and marketing support.
- Responsible for developing promotional materials for products and events assigned to support the marketing of products by the customer-facing SBUs.
- Developing and sending out regular product tips on assigned products to improve product knowledge and assist in overall product performance.
- Collaborate with RMS/BMs to ensure effective and coordinated sales of assigned asset and liability products bank-wide.
- Go on joint marketing calls with RM/BM/BDMs.
- He/she makes sure that assigned asset products have NPLs within tolerance level (currently 5% of the total product portfolio).
- Ensure the profitability of assigned asset products.
- Initiates new relationships and transfers them to appropriate SBUs.
- The product manager is doing periodic product reviews based on monthly, quarterly and annually to track assigned product performance across the SBUs in the bank and across the industry.
- Collaborate with CAP, CRM, CAM, Operations, IT and other SRFs to ensure effective deployment of resources to support market-facing SBUs for effective product sales.
- Participate in User’s Acceptance Test (UAT) sessions and ensure that test results comply with approved product terms and conditions.
- The manager makes sure that assigned new products are launched within the approved time frame.
- Managing the assigned product life cycle, starting from inception to launch, to evaluation/refinement and make necessary recommendations.
- Act as a clearinghouse between the market-facing SBU & the various SRFs for effective product knowledge/sales.
- Accomplish other responsibilities if assigned by the Head, Community Banking.
- “As part of the Bank’s Information Security requirements, maintain the security of all Information entrusted to the staff and comply with the principles and policies in the Information Security Handbook.â€
JOB REQUIREMENTS
Education
- Applicants must possess at least First Degree certification.
- Applicants in possession of higher degrees MBA/professional certifications will be accorded an advantage.
Experience
- The applicant must possess at least three years of experience in general banking.
KEY COMPETENCY REQUIREMENTS
Knowledge
- Applicants must know about competitor products and their applications.
- Banking structure, policies, and procedures
- Core Business Processes
- Data Gathering and Analysis
- Regulatory Compliance
- Banking Operations
- Extensive knowledge of First Bank’s services/products
- Relationship management
MORE FIRSTBANK RECRUITMENT POSITIONS
JOB REQUIREMENTS
Education
- Applicants must possess at least First Degree certification.
- Applicants in possession of higher degrees MBA/professional certifications will be accorded an advantage.
Experience
- The applicant must possess at least three years of experience in general banking.
KEY COMPETENCY REQUIREMENTS
Knowledge
- Applicants must know about competitor products and their applications.
- Banking structure, policies, and procedures
- Core Business Processes
- Data Gathering and Analysis
- Regulatory Compliance
- Banking Operations
- Extensive knowledge of First Bank’s services/products
- Relationship management
- Applicant must be knowledgeable of Bank’s Loan originating & management application system
Skill/Competencies
- Credit Assessment and Structuring
- Marketing/ Sales
- Business/Product Development
- Customer Relationship Management
- Financial Analysis
How To Apply For The FirstBank Recruitment
Visit https://firstbanknigeria.taleo.net/careersection/fbnex/jobdetail.ftl
