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    MA

    Mashreq Bank

    Banking

    Senior Product Owner – Portfolio and Proposition (Mashreq Bank of Pakistan)

    Any, PakistanOn-SiteFull-time8+ yrs experiencePosted 2w ago
    All Mashreq Bank jobs

    Job description

    Product Strategy & Development

    • Define and execute the strategy for deposit products and Propositions aligned banks strategy
    • Identify market trends, customer needs, and competitive offerings to have product innovation
    • Develop new deposit products or enhance existing ones to improve customer value and profitability

     Portfolio optimization

          - 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 

    Customer Experience & Engagement

    • Ensure deposit products meet customer needs and deliver a seamless experience 
    • Collaborate with marketing and customer service teams to promote products and gather feedback.
    • Address customer complaints and satisfaction metrics 

    Enhance Customer Value Proposition (CVP)

    • Design and refine CVPs for different customer segments through product bundling
    • Benchmark against competitors to ensure the bank’s offerings are differentiated and relevant.
    • Align product features, pricing, and service with the defined CVP
    • Collaborate with marketing and sales to communicate the CVP effectively
    • Cross Squad collaboration to deliver CVP for the segment

    Risk & Compliance Oversight

            - Ensure deposit products comply with regulatory requirements and internal policies

            - Manage operational, financial, and model risks associated with deposit products 

    Market & Competitive Analysis

            - Conduct ongoing research to benchmark against competitors. 

            - Adjust product features or pricing in response to market shifts

    Launch of Segmental CVPs

    • Launch Retailers, Freelancers, Schools, Software house, Agri, Women entrepreneurs CVPs

    • Ownership of liability products to support sub segmental CVPs

    Driving customer growth through engagement 

    • Handhold consumer journey from acquisition to retention and growth

    • Develop and execute lifecycle strategies to increase engagement, stickiness and extend customer lifetime value through loyalty programs, behavior driving tactical campaign, community banking

    • Monitor customer behavior and usage patterns to trigger timely interventions with timely upsell and win-back campaigns

    • Collaborate with analytics to develop segmental propensity models around attrition and deepening

    • Roll out rules for automating personalize lifecycle communications 

    • Data-driven decision-making: Use analytics to inform strategies and measure impact

    Cross-Sell Strategy and Deepening

          -   Enhance PPC engaging customers to adopt additional products such as booking, payroll, saving spaces, lending etc.

         - Identify cross-sell opportunities using data analytics and customer insights

         - Develop bundled offerings or incentives to encourage multi-product adoption

        - Ensure effective digital cross-selling as per the customer behavior and needs

         - Track cross-sell performance metrics and optimize campaigns based on results

        - Ensure a seamless digital experience for new products crossell

    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

    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 product, portfolio and lifecycle management

    3. Excellent negotiation, communication, and interpersonal skills, with the ability to work collaboratively with external partners and cross-functional teams.

    4. Strong analytical and problem-solving skills, with the ability to make data-driven decisions.

    5. In-depth knowledge of digital banking trends, technologies, and customer behaviors

    6. Knowledge of regulatory requirements and industry best practices 

    Ability to work in a fast-paced, dynamic environment with a high degree of flexibility and adaptability

    Job details are sourced from the employer's original posting.

    Open job posting
    MA

    About the company

    Mashreq Bank

    Mashreq Bank is a leading financial institution in the UAE, offering a wide range of banking and financial services.

    View all Mashreq Bank jobs
    Industry
    Banking
    Open roles
    418

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