Senior Product Manager-Deposits(Mashreq Digital Bank of Pakistan)

Job Purpose

1. Product Strategy & Development

• Design, develop, and refine deposit products aligned with customer needs and market trends.
• Translate business goals into product roadmaps and feature requirements.
• Lead new product initiatives and enhancements across SME.
• Manage the performance of deposit products (balances, profitability, usage).
• Monitor interest rate risk and deposit margin.
• Conduct financial modeling and simulations to assess product impact.
• Monitor and manage product-level profitability, including margins and fee income,
• Prepare financial forecasts and performance analyses to optimize pricing strategies and interest/profit rate structures
• Analyze market trends, customer behavior, and competitor offerings.
• Recommend pricing strategies and promotional campaigns.
• Work closely with IT, operations, legal, compliance, marketing, finance, and sales teams.
• Coordinate product launches and ensure operational readiness.
• Ensure products comply with regulatory requirements.
• Monitor and mitigate product-related risks.
• Develop and track KPIs (e.g., acquisition, retention, profitability).
• Prepare reports and insights for senior management.

1. Portfolio Management
2. Market & Competitive Analysis
3. Cross-Functional Collaboration
4. Regulatory & Risk Compliance
5. Performance Tracking & Reporting

Key result Areas

New Product Launch

• Current Account, Saving account, Saving Spaces, Term deposits

Financial Performance

• Net Interest Margin (NIM): Measures profitability from deposit-related interest income vs. expenses
• Core Deposit Growth Rate: Tracks growth in stable, low-cost deposits.
• Cost-to-Income Ratio (CIR): Efficiency of operations related to deposit products.
• Operating Income Margin: Profitability of deposit products relative to total revenue.

Cross-Functional Collaboration

• Work with IT, operations, compliance, legal, and marketing to launch and maintain products.

Lead cross-functional teams to implement product changes or new initiatives

Knowledge, Skills and Experience

1. Bachelor's degree in business, finance, marketing, or a related field. An MBA or other relevant postgraduate degree is preferred.
2. Minimum 8 years of deposits product and portfolio management experience
3. Excellent negotiation, communication, and interpersonal skills, with the ability to work collaboratively with external partners and cross-functional teams.