Job Description: Financial Product Development Manager
Position Overview: We are seeking an innovative and experienced Financial Product Development Manager to lead the development and launch of new financial products and services. The Financial Product Development Manager will be responsible for managing the entire product lifecycle, from concept ideation to market introduction. This role requires a blend of strategic vision, market analysis, and project management skills to drive successful product innovation and growth.
Roles And Responsibilities - Product Strategy and Planning:
- Develop and execute the strategic roadmap for new financial products and enhancements to existing products.
- Conduct market research and competitive analysis to identify market opportunities and customer needs.
- Define product requirements, features, and specifications based on market insights and business objectives.
- Cross-functional Collaboration:
- Collaborate closely with cross-functional teams including marketing, sales, operations, legal, and compliance to ensure alignment throughout the product development lifecycle.
- Work with technology teams to define technical requirements and capabilities necessary for product implementation.
- Project Management:
- Lead the end-to-end product development process, including concept development, prototyping, testing, and commercialization.
- Establish project timelines, milestones, and budgets, and manage resources effectively to meet deadlines.
- Monitor and report on project progress, identifying and mitigating risks as needed.
- Regulatory Compliance and Risk Management:
- Ensure compliance with regulatory requirements and industry standards for financial products.
- Conduct risk assessments and implement risk mitigation strategies related to product development and launch.
- Product Launch and Go-to-Market Strategy:
- Develop comprehensive go-to-market plans, including marketing strategies, pricing strategies, and sales enablement materials.
- Coordinate product launches and monitor initial market response, gathering feedback for continuous improvement.
- Performance Monitoring and Analysis:
- Establish KPIs and metrics to measure product performance and success post-launch.
- Analyze product performance data, customer feedback, and market trends to make data-driven decisions for product enhancements and optimizations.
Skills And Qualifications
- Bachelor’s degree in Business Administration, Finance, Economics, or related field; MBA or equivalent preferred.
- Proven experience (5+ years) in financial product management, product development, or related roles within the financial services industry.
- Strong understanding of financial markets, products, and regulatory requirements.
- Demonstrated track record of successfully launching and managing financial products or services.
- Excellent project management skills with the ability to lead cross-functional teams and manage multiple projects simultaneously.
- Strategic thinker with analytical and problem-solving capabilities.
- Effective communication skills, both written and verbal, with the ability to influence and collaborate across all levels of the organization.
Compensation
- The salary for this position will be competitive and commensurate with experience and qualifications.
- Comprehensive benefits package including health insurance, retirement plans, and professional development opportunities.