Product Head

  • Mumbai
  • 25-30 lakh
  • 15-17 years
  • 07 Jul 2015

  • Audit and Assurance

  • Banking - Retail
Job Description

Roles and Responsibilities:

- Conceptualize new products.

- Prepare blue prints for new products on their features & offerings

- Coordinate with support groups like legal and compliance, on end-to-end loan documentation.

- Design process & system launch for new products in consultation with operations, risk, and technology teams

- Present the product & process notes to the Committee of Directors (COD) and Product & Process Committee (PAC) for their approval

- Conduct pilot run of the product, evaluate results and roll out the product pan India.

- Process re-engineering of existing processes and check feasibility for automation of processes.

- Portfolio monitoring on a monthly basis to check performance of the product, develop early warning signals to keep triggers under control, and conduct bucketing analysis for delinquencies

- Designing an automated spreadsheet (CAM) and disbursement memo (DM) to partially automate the processes of credit appraisal and loan boarding on Finnone

- Devising cross-sell opportunities for liability products like bundling of insurance along with dairy loan, crop loan, etc.

- Working with the internal audit department (IAD) in incorporating the learnings regarding process streamlining

- Developing controls of all processes for SOX testing and walkthroughs

- Prepared various training tools, like training kits, ready reckoner, for educating employees and channel partners on the different products being offered and processes to be followed

Competencies/Skill sets for this job

New Products Training End-to-end Documentation Triggers Designing

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