Product Manager-Business Banking

Job Description

Job Requirements

About the Role

The Product Manager – Business Banking will be responsible for developing, managing, and enhancing the suite of products and services offered to small and medium-sized enterprises (SMEs). This role involves strategic planning, market analysis, cross-functional collaboration, and lifecycle management of business banking products. Based in Mumbai, the Product Manager will play a key role in driving innovation, ensuring regulatory compliance, and supporting revenue growth through customer-centric product development.

Key Responsibilities

Primary Responsibilities

Develop and implement product strategies and roadmaps for the Business Banking segment.
Conduct market research and analyze customer needs and industry trends in the SME space.
Collaborate with cross-functional teams to design, launch, and enhance products.
Manage the product lifecycle from ideation to launch, including pricing, positioning, and go-to-market strategies.
Monitor product performance and make data-driven recommendations for improvements.
Ensure products comply with regulatory requirements and maintain competitive advantage.
Build and maintain relationships with key stakeholders including sales teams, customers, and partners.

Secondary Responsibilities

Train and educate sales teams on product features and benefits to drive adoption and revenue.
Conduct regular competitor analysis to identify market opportunities and threats.
Develop and manage product budgets and forecasts.

What We Are Looking For

Education

Graduation: Bachelor’s degree in business, Finance, or a related field (Full-Time)
Postgraduation: MBA (Preferred)

Experience

Minimum 4 years of experience in product management, preferably in banking or financial services.
Proven track record of successfully launching and managing business banking products.

Skills and Attributes

Strong understanding of the SME market and business lending products.
Excellent analytical and problem-solving skills.
Strong project management and organizational capabilities.
Ability to work independently and collaboratively across teams.
Effective interpersonal skills.
Proficiency in Microsoft Office and data analysis tools.
Knowledge of regulatory requirements for banking products is a plus.
Fluent in English with strong business communication skills.

Frequently Asked Questions

What are the eligibility criteria for the Product Manager-Business Banking job at IDFC FIRST Bank?

Eligibility typically includes the qualifications and experience outlined in the job description above, with around 0-2 Years years of relevant experience expected for this role.

What are the primary responsibilities of a Product Manager-Business Banking at IDFC FIRST Bank?

The key responsibilities for this role are detailed in the Key Responsibilities section above, covering the core duties expected of a Product Manager-Business Banking at IDFC FIRST Bank.

Is prior experience required for this position?

This role requires around 0-2 Years years of relevant experience, as specified in the job listing. Please refer to the Qualifications & Experience section above for full details.

What skills are important for this role?

Skills relevant to this position are outlined in the Qualifications & Experience section above. In general, strong communication, domain knowledge, and the ability to meet role-specific targets are valued across similar BFSI positions.

How do I apply for the Product Manager-Business Banking role at IDFC FIRST Bank?

You can apply directly using the Apply Now button on this page, which will take you to IDFC FIRST Bank's application process for this role.

IDFC FIRST Bank — Mumbai, MUMBAI