Product Head at RMB - Rand Merchant Bank

Job Description

To manage products throughout the product lifestyle
To ensure optimal product rollout across the entire value chain

• Define and execute management product strategies for trade products and or services and or enhancements to existing trade products and or services
• Select appropriate channels through which trade products will be delivered and scope the high level product requirements for those channels
• Agree on budgets and targets for the product
• Work with relevant stakeholders to negotiate the optimal credit facilities within the group to compliment the growth strategy
• Compile a document detailing all requirements for risk, operations, compliance, internal audit, tax, sales, marketing, financial reporting, capital implications, processes specific regulations, pricing guide, pricing models, as well as legal documentation
• Meet with relevant stakeholders to ensure these are conducted comprehensively
• Present document to DCF forum and obtain electronic sign off, and conduct the product launch
• Expand asset base through either increased penetration in existing distribution channels or broadening distribution channels
• Optimise products in line with bank risk appetite, regulatory changes, statutory changes, tax, market conditions and client requirements
• Provide feedback on product performance to internal and external stakeholders
• Enhance processes and operational capabilities for products to the point that they are ready to be handed over to Middle Office
• Perform ongoing research and development
• Price exotic trades and hybrid derivatives
• Engage in dual curve construction for collateralisation, index construction and ensuring efficient numerical methods
• Demonstrate pride in the organisations brand services and products by consistently delivering on the brands promise
• Follow through to ensure that personal quality and productivity standards are consistently and accurately maintained
• Stay relevant and up to date with legislations and new developments
• Maintain a positive attitude and respond openly to feedback
• Handle stress in ways that do not negatively impact others
• Plan and manage own workflow anticipating obstacles juggling priorities and following through on objectives within agreed time frames and according to quality standards
• Take ownership of personal career development leveraging formal and informal opportunities
• Read situations and organisational realities
• Set aside personal agenda for the greater good
• Act in an ethical transparent and morally defensible manner including highlighting unethical practices
• Share debate and communicate learnings
• Flag and debate issues constructively
• Promote a friendly cooperative climate