FirstBank Recruitment|PRODUCT MANAGER, COMMUNITY BANKING

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 branch at 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.
  • To smooth the diversification of asset revenue and liability generation by rolling out new and best-priced Asset Products to the segment through all touch points.
  • 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 products performance to ensure that targeted products for the segment are met.
  • 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 Asset 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 complies 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 which 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.
  • 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 products portfolio).
  • Ensure the profitability of assigned asset products.
  • Initiates new relationships and transfer it to appropriate SBUs.
  • The product manager is doing the periodic product reviews based on monthly, quarterly and annually to track assigned products 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 products sales.
  • Participate in User’s Acceptance Test (UAT) sessions and ensure that test results comply with approved products terms and conditions.
  • The manager makes sure that assigned new products are launched within the approved time frame.
  • Managing of the assigned products 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.”

JOB REQUIREMENTS

Education

  • Applicant must possess at least First Degree certification.
  • Applicants in possession of higher degrees MBA/professional certifications will be accorded advantage.

Experience

  • Applicant must possess at least three years of experience in general banking.

KEY COMPETENCY REQUIREMENTS

Knowledge

  • Applicant must have the knowledge of competitor products and their application.
  • 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

  • Applicant must possess at least First Degree certification.
  • Applicants in possession of higher degrees MBA/professional certifications will be accorded advantage.

Experience

  • Applicant must possess at least three years of experience in general banking.

KEY COMPETENCY REQUIREMENTS

Knowledge

  • Applicant must have the knowledge of competitor products and their application.
  • 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

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