IDFC FIRST Bank—Product Manager-Business Banking

Job description

<strong>Job Requirements </strong><br><h3>About the Role</h3><p>The <strong>Product Manager – Business Banking</strong> will be responsible for developing, managing, and enhancing the suite of products and services offered to small and medium-sized enterprises (SMEs). This role involves strategic planning, market analysis, cross-functional collaboration, and lifecycle management of business banking products. Based in Mumbai, the Product Manager will play a key role in driving innovation, ensuring regulatory compliance, and supporting revenue growth through customer-centric product development.</p><h3>Key Responsibilities</h3><h5>Primary Responsibilities</h5><ul><li>Develop and implement product strategies and roadmaps for the Business Banking segment.</li><li>Conduct market research and analyze customer needs and industry trends in the SME space.</li><li>Collaborate with cross-functional teams to design, launch, and enhance products.</li><li>Manage the product lifecycle from ideation to launch, including pricing, positioning, and go-to-market strategies.</li><li>Monitor product performance and make data-driven recommendations for improvements.</li><li>Ensure products comply with regulatory requirements and maintain competitive advantage.</li><li>Build and maintain relationships with key stakeholders including sales teams, customers, and partners.</li></ul><h5>Secondary Responsibilities</h5><ul><li>Train and educate sales teams on product features and benefits to drive adoption and revenue.</li><li>Conduct regular competitor analysis to identify market opportunities and threats.</li><li>Develop and manage product budgets and forecasts.</li></ul><h3>What We Are Looking For</h3><h5>Education</h5><ul><li><strong>Graduation</strong>: Bachelor’s degree in business, Finance, or a related field (Full-Time)</li><li><strong>Postgraduation</strong>: MBA (Preferred)</li></ul><h5>Experience</h5><ul><li>Minimum 4 years of experience in product management, preferably in banking or financial services.</li><li>Proven track record of successfully launching and managing business banking products.</li></ul><h5>Skills and Attributes</h5><ul><li>Strong understanding of the SME market and business lending products.</li><li>Excellent analytical and problem-solving skills.</li><li>Strong project management and organizational capabilities.</li><li>Ability to work independently and collaboratively across teams.</li><li>Effective interpersonal skills.</li><li>Proficiency in Microsoft Office and data analysis tools.</li><li>Knowledge of regulatory requirements for banking products is a plus.</li><li>Fluent in English with strong business communication skills.</li></ul><br><br>