Job Opportunity at NMB Bank PLC - Assistant Product Manager Asset (1 Position)

Job Opportunity at NMB Bank PLC – Assistant Product Manager Asset (1 Position) 

Assistant Product Manager Asset (1 Position)

Job Purpose:
Responsible for product development, feature enhancements and revamps where need be to ensure that all product features are relevant to customer’s needs and market competition in the industry.
Main Responsibilities:

  • Responsible for asset product development for Retail Banking and its end-to-end life cycle monitoring.
  • Asset Product management and profitability monitoring to identify areas that require fix, improvements and or amendment.
  • Weekly, monthly, quarterly, and annually monitoring and evaluation of Asset Products for Retail Banking profitability and suggest way forward for underperformance if any, ensuring continued profitability and Balance Sheet Growth.
  • Responsible for developing, reviewing Asset product pricing to ensure product profitability
  • Tracking and review of asset product portfolio quality.
  • Working closely with Credit and Sales to ensure quality of Asset product portfolio remains within the Banks acceptable thresholds.
  • Developing, implementing, and managing a compelling Retail banking portfolio of Asset products.
  • Manage the Retail Banking Asset product lifecycle from Idea generation to conceptualization, design and development, implementation including UAT, Pilot and launch.
  • Proper management of introducing a new product by developing and executing respective Communication on specific products to all branches. Ensure all branches are knowledgeable of any new product and that we have a clear public launch plan.
  • Ensure new products are in line with controls, customer centric concept and are priced.
  • Ensure all new products are approved and are in line with regulations (BOT, FIU, TCRA and all other relevant regulators).
  • Monitor, assess, report new products framework, ensure the same is in line with banks projections, targets, and budget.
  • Analyze, manage, and identify all system faults that affects product performance then, suggest areas of improvement, get approvals for improvement, and ensure approved changes/enhancements are implemented within agreed time.
  • Managing relationships with national and international business partners (NGOs, financial institutions, government etc.) who are interested to work with NMB to introduce new products, services or product extension to the market.
  • Responsible for compliance and regulatory issues for Retail Banking Asset products and services before, during and after development and implementation.
  • Play a key role in innovating Retail Banking asset products.
  • Manage internal relationships with all stakeholders (Technology, Risk, Marketing, Operation, compliance etc.) for teamwork to ensure any introduced new or existing product is in accordance to bank’s risk appetite, customer needs and can drive sales.
  • Regular (Quarterly/Semi-Annually/Annually) Competitor Review vis-à-vis Retail Asset Product Offering.
  • Product(s) life cycle management and Pricing and revenue monitoring.
  • Income targets strategies and product profitability analysis.
  • Regular review of individual performance targets and give constructive feedback for development.
  • Being pro-active to identify products issues and resolve them timely in a proactive manner.
  • Improve product portfolio within authority level according to set standards.
  • Manage relationship with business partners and all other stakeholders.
  • Responsible for any other assigned action by your line manager.


  • A good knowledge of constructing reports, executive summaries, and briefs.
  • Greater understanding of product life cycle.
  • Broad understanding of Asset related product.
  • Business planning and Project management.
  • Strong analytical and numerical skills for calculation of statistics, figures, and targets.
  • Ability to explain and handle complex information clearly and simply.
  • Communication skills both written and oral.
  • Standard Computer skills and Good interpersonal and networking skills.
  • Negotiation and Report writing skills.
  • Ability to explain and handle complex information clearly and simply.

Qualifications and Experience:

  • A Bachelor’s degree in Business/Accountancy/Economics/Finance or any other related field.
  • Any course or training in product development is an added advantage.
  • 3 years’ experience in banking

Experience :
3.0 Year(s)
No. of Positions : 1
Job closing date : 23-Nov-2021



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