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

Job PurposeProduct Strategy & DevelopmentDesign, 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 structuresAnalyze 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.Portfolio ManagementMarket & Competitive AnalysisCross-Functional CollaborationRegulatory & Risk CompliancePerformance Tracking & ReportingKey result AreasNew Product LaunchCurrent Account, Saving account, Saving Spaces, Term depositsFinancial PerformanceNet Interest Margin (NIM): Measures profitability from deposit-related interest income vs. expensesCore 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 CollaborationWork with IT, operations, compliance, legal, and marketing to launch and maintain products.Lead cross-functional teams to implement product changes or new initiativesKnowledge, Skills and ExperienceBachelor's degree in business, finance, marketing, or a related field. An MBA or other relevant postgraduate degree is preferred.Minimum 8 years of deposits product and portfolio management experienceExcellent negotiation, communication, and interpersonal skills, with the ability to work collaboratively with external partners and cross-functional teams.