Product Manager - Transaction Banking & Strategy

About the RoleThe Product Manager for Transaction banking & Strategy will be responsible for developing, managing, and enhancing cash management solutions for corporate clients. This role ensures the product portfolio meets client needs, complies with regulatory requirements, and supports the bank’s strategic objectives. Key Responsibilities Product Strategy & Development - Define and execute the product roadmap for cash management services (payments, collections, cross border payments and virtual accounts). - Identify market trends, client needs, and competitive offerings to drive innovation. - Collaborate with technology teams to design and implement digital solutions. Lifecycle Management - Manage end-to-end product lifecycle, including pricing, profitability, and performance monitoring. - Ensure compliance with internal policies and external regulations. Client Engagement - Work closely with Relationship Managers to understand client requirements. - Support client pitches and provide product expertise during onboarding. Risk & Compliance - Ensure products adhere to AML, KYC, and regulatory standards. - Conduct periodic reviews to mitigate operational and financial risks. Stakeholder Collaboration - Coordinate with Operations, IT, Legal, and Compliance for product implementation. - Drive training and awareness programs for internal teams. Sales Management Support development and implementation of sales strategies for Business Banking. Assist in resolving escalated client issues. Prepare product-related sales forecasts and performance reports. Analyze data to identify growth opportunities. Key Skills & Competencies - Strong knowledge of cash management products (payments, liquidity, virtual accounts). - Understanding of corporate banking operations and regulatory frameworks. - Analytical and strategic thinking with problem-solving skills. - Excellent communication and stakeholder management abilities. - Familiarity with digital banking platforms and APIs is a plus. Qualifications - Bachelor’s degree in Finance, Business, or related field (MBA preferred). - 5+ years of experience in transaction banking or product management. - Proven track record in developing and managing banking products. KPIs - Product revenue growth and profitability. - Client adoption and satisfaction scores. - Compliance and risk management adherence. - Successful delivery of product enhancements and digital initiatives. Future Trends & Digital Transformation Focus - Embrace API-driven banking to enable seamless integration with client systems. - Develop real-time payment capabilities to support instant fund transfers. - Leverage AI and machine learning for predictive cash flow forecasting and anomaly detection. - Promote digital onboarding and self-service capabilities for enhanced client experience.