Head of Product- Unsecured Loan

Functional Role:  Product Head – Unsecured Loan
Experience: 15+ Years

Qualification: Should have MBA / Post Graduate Degree, Preference for IIM or Premier Institute background

Vertical: Unsecured Loan

Location: Jaipur , Jagatpura

Department: Product Management & Communication

Relevant Experience: 12- 15 years with good Knowledge of commercial & business credit card domain.

Work Mode: 5.5 Days WFO(1st, 3rd and 5th Sat working)

Functional Competencies:

• Proven experience in product management, preferably in financial services, fintech, or lending. 

• Strong understanding of personal loan products, lending processes, and relevant regulations. 

• Familiarity with Agile development methodologies, product management tools (Jira, Confluence), and data analysis platforms.                                                                    

Behavioral Competencies:

• Outstanding communication, presentation, data analytic and leadership skills                       

• Strong communication and interpersonal skills with aptitude in building relationships with professionals of all organizational levels                        

• Extremely collaborative and influential                                                

Job Responsibilities:                                                

Financial Responsibilities

• Developing and owning the product vision, roadmap, and strategy for personal loans, aligning it with the overall business goals. 

• Leading the entire product lifecycle, from discovery and ideation to launch and iteration, ensuring a seamless and engaging user experience

• Conducting market research, analyzing competitor offerings, and identifying opportunities for product differentiation and growth. 

• Understanding user needs and behaviors, translating them into product requirements, and ensuring a user-centric approach to product development. 

• Working closely with engineering, design, marketing, sales, and other teams to ensure seamless product development and launch. 

• Utilizing data and analytics to track product performance, identify areas for improvement, and make data-driven decisions. 

• Integrating the personal loan product into the broader ecosystem, including other platforms and channels. 

• Ensuring the product adheres to all relevant regulatory and compliance requirements. 

• Collaborating with marketing and sales teams to develop effective go-to-market plans.

• Leading and mentoring a team of product managers, fostering a collaborative and high-performing environment. 

Non-Financial Responsibilities

• Manage technology, network and IT teams for implementation of business requirements to provide best in class product value proposition.

• Periodic review of product features and market feedback to enhance the product features and set road map.

• Product processes to achieve quick product scale with minimum TAT and complete adherence by stakeholders.

• Ensuring complete compliance with all regulatory guidelines at all times; Address audit/compliance queries. Implementation of all RBI guidelines

• Training and capability building of sales teams across branches on product proposition, operational processes, Query handling and resolution.

• Building of detailed L&D modules to make learning process simpler for teams

Compliance & Risk Responsibilities                                    

• Ensure compliance, operational risk controls in accordance with Bank policies or regulatory standards and policies; and optimize relations with regulators by addressing any issues                

• Ensure employees apply compliance, operational risk controls in accordance with AU Bank regulatory standards and policies; and optimize relations with regulators by addressing any issues