Product Manager-Business Banking

Job RequirementsJob Requirements Position: Product Manager - Business BankingCompany Name: IDFC FIRST BankJob Type: Full-TimeJob Category: Retail BankingDepartment: Retail Banking > Business Lending > Product & Program > Business LendingLocation: Mumbai, Maharashtra, IndiaIDFC FIRST Bank is seeking a highly motivated and experienced Product Manager to join our Retail Banking team. As a Product Manager for Business Banking, you will be responsible for developing and managing our suite of products and services for small and medium-sized enterprises (SMEs). This is a full-time position based in Mumbai, Maharashtra, India.Key Responsibilities Develop and implement product strategies and roadmaps for the Business Banking segment Conduct market research and analysis to identify customer needs and trends in the SME market Collaborate with cross-functional teams to design and launch new products and enhance existing ones Monitor product performance and make data-driven recommendations for improvements Manage the product lifecycle from ideation to launch, including pricing, positioning, and marketing strategies Stay updated on industry and regulatory developments to ensure compliance and competitive advantage Build and maintain relationships with key stakeholders, including sales teams, customers, and partners Train and educate sales teams on product features and benefits to drive sales and revenue growth Conduct regular competitor analysis to identify opportunities and threats in the market Develop and manage product budgets and forecastsQualifications Bachelor's degree in Business, Finance, or a related field; MBA preferred Minimum of 5 years of experience in product management, preferably in the banking or financial services industry Strong understanding of SME market and business lending products Proven track record of successfully launching and managing products Excellent analytical and problem-solving skills Strong project management and organizational skills Ability to work independently and in a team environment Excellent communication and interpersonal skills Proficient in Microsoft Office and data analysis tools Knowledge of regulatory requirements for banking products is a plusIf you are a dynamic and results-driven individual with a passion for product management and a strong understanding of the SME market, we want to hear from you! Join our team at IDFC FIRST Bank and help us drive growth and innovation in our Business Banking segment.