Product Conceptualization and Design Team Member at First Bank

(1900005B)
Description
 
DUTIES & RESPONSIBILITIES

• Determine customer needs and desires by specifying the research needed to obtain market information.
• Develop project rationale and perform scoping assessments to determine feasibility of products
• Recommends the nature and scope of present and future product lines by reviewing product specifications and requirements; appraising new product ideas and/or product changes.
• Develop product delivery estimates & complete financial model (costs, savings, revenue opportunities, investment horizon, etc.)
• Brings new products to market by analyzing proposed product requirements and following through on implementation/delivery of products; establishing time schedules with related stakeholders.
• Introduces and markets new products by developing time-integrated plans with sales, advertising, and production.
• Monitor the realization of benefits against what was defined in business case.
• Ensure that relevant stakeholders are involved in specification of new services and/or major upgrades to existing services
• Assesses market competition and obtain product market share data by benchmarking against similar products in the market.
• Assesses product performance by engaging existing and prospective customers.
• Determines product pricing by utilizing market research data and anticipating customer adoption vis-à-vis customer requirements/needs.
• As part of the organisation’s information security requirements, maintain the security of all information entrusted and comply with the principles and policies in the information security handbook.

Knowledge

• Experience of analysing and breaking down problems and information using structured frameworks and methodologies
• Proficient understanding of business financial models and business justifications
• Proficient knowledge of functional requirements design
• Experience of analysing and breaking down problems and information using structured frameworks and methodologies
• Understanding of financial services market
• Banking services/product
• Quantitative technique (mathematical and statistical).
• Business development and sales planning.
• Client Industry Knowledge
• Business/Operational Strategy
• Business/Product Development

Skill/Competencies

• Core SFIA 5 Skill Requirements
• Requirements Definition and Management (REQM 3)
• Business Analysis (BUAN 5)
• Benefits Management (BENM 5)
• Other SFIA 5 Skill Requirements
• Service Acceptance (SEAC 4)
• Stakeholder Relationship Management (RLMT 4)
• Portfolio, Programme and Project Support (PROF 2)
• Learning Delivery (ETDL 3)
• Other Required Knowledge and Capabilities
• Sound interpersonal and communication skills and the ability to work effectively with  other business unit leads
• Sound conflict management skills
• Customer-centricity
• Creative, results-oriented and  analytical with strong problem-solving capability
• Good leadership and influencing ability
• Coaching

Qualifications

Education

Minimum of a first degree or its equivalent in a business /IT related discipline

Experience

Minimum experience : 4+ years of experience in product management, 1+ years of experience in managing relationships with internal business customers.