Novella Africa Limited - Our client, a non-bank financial institution licensed by CBN, is recruiting to fill the position below:
Job Title: Product Manager (Asset Creation)
Location: Lagos
Employment Type: Full-time
Job Summary
As a Product Manager specializing in asset-creation Products within our financial service organization, the incumbent will play a pivotal role in driving the development, enhancement, and management of our asset-creation product portfolio.
This position requires a strategic thinker with a deep understanding of financial services, a passion for innovation, and the ability to collaborate across various teams to deliver market-leading solutions.
Responsibilities
Product Strategy and Development:
Understand and execute the strategic vision for the wealth management product portfolio in alignment with organizational goals.
Conduct market research and competitor analysis to identify opportunities, trends, and potential risks
Collaborate with cross-functional teams, including Finance, Software, and Sales, to develop and enhance wealth management products.
Develop and propose comprehensive product strategies, providing market outcome projections for informed decision-making.
Product Lifecycle Management:
Oversee the entire product lifecycle from ideation to launch, ensuring products meet and exceed customer expectations.
Develop and maintain detailed product requirement documents, incorporating feedback and adapting to changing market dynamics.
Implement effective product launch strategies and coordinate marketing efforts with relevant teams.
Formulate strategies to package and market products, ensuring differentiation, compelling value propositions, and ease of both selling and buying.
Identify and manage the ongoing rationalization of the business's product portfolio for enhanced efficiency and effectiveness in product management.
Performance Monitoring and Analysis:
Establish key performance indicators (KPIs) for wealth management products and regularly assess product performance against set benchmarks.
Analyze market trends, customer feedback, and performance data to make informed decisions and recommendations for product improvements.
Monitor market trends, competitor activities, and price movements, providing recommendations for key decision-making.
Drive consumer intelligence by developing external and internal data sources, improving the business's understanding of the product's market, competitor activities, and consumer behaviors.
Financial Modelling:
Undertake financial modeling for products or services and target markets, fostering a deep understanding of the relationships between the product and its market.
Conduct comprehensive financial modeling to analyze and project the financial performance of products and target markets.
Regulatory Compliance:
Stay abreast of regulatory changes affecting wealth management products and ensure compliance with industry standards.
Work closely with legal and compliance teams to navigate regulatory challenges and maintain a thorough understanding of industry regulations.
Cross-Functional Collaboration:
Collaborate with the Software team to ensure seamless integration and functionality of wealth management product application
Work closely with relationship managers, financial advisors, and other stakeholders to understand client needs and feedback.
Collaborate with sales and marketing teams to create effective go-to-market strategies, promotional materials, and sales training.
Foster strong relationships with internal departments to facilitate effective communication and coordination.
Research Tools and Methods:
Develop and adopt research tools, sources, and methods that contribute to the business's product marketing management intelligence. 8. Reporting and Recommendations:
Generate reports and make recommendations to the Product team, serving as guidance for decision-making regarding new and existing products.
Any other task as assigned by the Line Manager
Requirements
Bachelor’s Degree in Finance, Business, or a related field.
Relevant certifications (CFA, CFP etc.) is a plus.
Proven experience (2+ years) in product management within the financial services sector, with a knowledge of wealth management products.
Strong understanding of financial markets, investment products, and regulatory frameworks.
Excellent analytical, strategic thinking, and problem-solving skills.
Exceptional communication and interpersonal skills to collaborate effectively with diverse stakeholders.
Proven ability to manage multiple projects simultaneously and meet tight deadlines.
Familiarity with agile development methodologies is an advantage.