Product Manager - Transactional & Liabilities in Lagos, Nigeria

at Stanbic IBTC Bank

Banking / Financial Services
Financial Services
Minimum Qualification
Bachelor's Degree
Required Experience
3 - 5 years
Employment Type
Full Time
Male or Female
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Job Description

• Operates within a matrix business environment and uses knowledge, experience and abilities to obtain positive business outcomes;
• Draws on knowledge and experience to build and implement sustainable product strategies that meet customer needs;
• Identifies and executes short term initiatives to drive product performance;
• Manages and co-ordinates product projects;
• Looks for new ways to improve the business and new products and services to grow the business;
• Understands payments and platforms
• Manages the day-to-day business of the product portfolio;
• Analysis’s product information to model and understand trends, behaviours and profitability;
• Understands the environment and business within which the product portfolio operates.

Key responsibilities
• Business growth & sustainability
• Product performance & profitability (financial performance)
• Product target setting (budgeting)
• Product alignment with customer value propositions and the business operating model
• Development & implementation of product and funding strategies
• Conceptualisation & implementation of new products/services
• Identification of new business, revenue and cost reduction opportunities
• Effective product interest rate management and product pricing
• Product process enhancements/re-engineering
• Development of product sales / service tools
• Product support to network
• Customer and branch query resolution
• Conceptualisation and drive of business campaigns
• General product management
• Delivery of key projects
• Monitoring, understanding and reacting to business/competitive environment
• Provision of appropriate management information


• Liabilities deposit balance growth
• Effective Margin Management
• Account management
• Product revenues (net interest income and non-interest income)
• Product costs
• Optimisation of profit

• Develop and understand core customer insights
• Sales/cross sell strategies aligned to overall customer offerings
• Customer Information
• Product training material

Product management
• Grow the deposit base
• Support sales and distribution across segments
• Retention and management of existing deposits
• Product Insights and analysis by segment
• Tactical marketing initiatives
• Competitor Analysis
• New Product Development

Improve Efficiencies and Effectiveness
• End to end processing across all channels
• Account maintenance and management
• Legal and compliance


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