Our client a nonbank financial institution licensed by CBN is seeking to hire Product Managers.
Job Summary:
As a Product Manager specializing in assetcreation Products within our financial service organization the incumbent will play a pivotal role in driving the development enhancement and management of our assetcreation product portfolio. This position requires a strategic thinker with a deep understanding of financial services a passion for innovation and the ability to collaborate across various teams to deliver marketleading solutions.
Responsibilities:
Product Strategy and Development:
- Understand and execute the strategic vision for the wealth management product portfolio in alignment with organizational goals.
- Conduct market research and competitor analysis to identify opportunities trends and potential risks
- Collaborate with crossfunctional teams including Finance Software and Sales to develop and enhance wealth management products.
- Develop and propose comprehensive product strategies providing market outcome projections for informed decisionmaking.
Product Lifecycle Management:
- Oversee the entire product lifecycle from ideation to launch ensuring products meet and exceed customer expectations.
- Develop and maintain detailed product requirement documents incorporating feedback and adapting to changing market dynamics.
- Implement effective product launch strategies and coordinate marketing efforts with relevant teams.
- Formulate strategies to package and market products ensuring differentiation compelling value propositions and ease of both selling and buying.
- Identify and manage the ongoing rationalization of the businesss product portfolio for enhanced efficiency and effectiveness in product management.
Performance Monitoring and Analysis:
- Establish key performance indicators (KPIs) for wealth management products and regularly assess product performance against set benchmarks.
- Analyze market trends customer feedback and performance data to make informed decisions and recommendations for product improvements.
- Monitor market trends competitor activities and price movements providing recommendations for key decisionmaking.
- Drive consumer intelligence by developing external and internal data sources improving the businesss understanding of the products market competitor activities and consumer behaviors.
Financial Modelling:
- Undertake financial modeling for products or services and target markets fostering a deep understanding of the relationships between the product and its market.
- Conduct comprehensive financial modeling to analyze and project the financial performance of products and target markets.
Regulatory Compliance:
- Stay abreast of regulatory changes affecting wealth management products and ensure compliance with industry standards.
- Work closely with legal and compliance teams to navigate regulatory challenges and maintain a thorough understanding of industry regulations.
CrossFunctional Collaboration:
- Collaborate with the Software team to ensure seamless integration and functionality of wealth management product application
- Work closely with relationship managers financial advisors and other stakeholders to understand client needs and feedback.
- Collaborate with sales and marketing teams to create effective gotomarket strategies promotional materials and sales training.
- Foster strong relationships with internal departments to facilitate effective communication and coordination.
Research Tools and Methods:
- Develop and adopt research tools sources and methods that contribute to the businesss product marketing management intelligence. 8. Reporting and Recommendations:
- Generate reports and make recommendations to the Product team serving as guidance for decisionmaking regarding new and existing products.
Any other task as assigned by the Line Manager
Requirements
- Bachelor s degree in Finance Business or a related field.
- Relevant certifications (CFA CFP etc.) is a plus.
- Proven experience (2 years) in product management within the financial services sector with a knowledge of wealth management products.
- Strong understanding of financial markets investment products and regulatory frameworks.
- Excellent analytical strategic thinking and problemsolving skills.
- Exceptional communication and interpersonal skills to collaborate effectively with diverse stakeholders.
- Proven ability to manage multiple projects simultaneously and meet tight deadlines.
- Familiarity with agile development methodologies is an advantage.
Bachelor s degree in Finance, Business, or a related field. Relevant certifications (CFA, CFP etc.) is a plus. Proven experience (2+ years) in product management within the financial services sector, with a knowledge of wealth management products. Strong understanding of financial markets, investment products, and regulatory frameworks. Excellent analytical, strategic thinking, and problem-solving skills. Exceptional communication and interpersonal skills to collaborate effectively with diverse stakeholders. Proven ability to manage multiple projects simultaneously and meet tight deadlines. Familiarity with agile development methodologies is an advantage.