Product Managers (Asset Creation) at a Non-bank Financial Institution - Novella Africa Limited

Novella Africa Limited - Our client, a non-bank financial institution licensed by CBN, is recruiting to fill the position below:

Job Title: Product Manager (Asset Creation)

Location: Lagos
Employment Type: Full-time

Job Summary

• As a Product Manager specializing in asset-creation Products within our financial service organization, the incumbent will play a pivotal role in driving the development, enhancement, and management of our asset-creation product portfolio.
• This position requires a strategic thinker with a deep understanding of financial services, a passion for innovation, and the ability to collaborate across various teams to deliver market-leading solutions.

Responsibilities
Product Strategy and Development:

• Understand and execute the strategic vision for the wealth management product portfolio in alignment with organizational goals.
• Conduct market research and competitor analysis to identify opportunities, trends, and potential risks
• Collaborate with cross-functional teams, including Finance, Software, and Sales, to develop and enhance wealth management products.
• Develop and propose comprehensive product strategies, providing market outcome projections for informed decision-making.

Product Lifecycle Management:

• Oversee the entire product lifecycle from ideation to launch, ensuring products meet and exceed customer expectations.
• Develop and maintain detailed product requirement documents, incorporating feedback and adapting to changing market dynamics.
• Implement effective product launch strategies and coordinate marketing efforts with relevant teams.
• Formulate strategies to package and market products, ensuring differentiation, compelling value propositions, and ease of both selling and buying.
• Identify and manage the ongoing rationalization of the business's product portfolio for enhanced efficiency and effectiveness in product management.

Performance Monitoring and Analysis:

• Establish key performance indicators (KPIs) for wealth management products and regularly assess product performance against set benchmarks.
• Analyze market trends, customer feedback, and performance data to make informed decisions and recommendations for product improvements.
• Monitor market trends, competitor activities, and price movements, providing recommendations for key decision-making.
• Drive consumer intelligence by developing external and internal data sources, improving the business's understanding of the product's market, competitor activities, and consumer behaviors.

Financial Modelling:

• Undertake financial modeling for products or services and target markets, fostering a deep understanding of the relationships between the product and its market.
• Conduct comprehensive financial modeling to analyze and project the financial performance of products and target markets.  

Regulatory Compliance:

• Stay abreast of regulatory changes affecting wealth management products and ensure compliance with industry standards.
• Work closely with legal and compliance teams to navigate regulatory challenges and maintain a thorough understanding of industry regulations.

Cross-Functional Collaboration:

• Collaborate with the Software team to ensure seamless integration and functionality of wealth management product application
• Work closely with relationship managers, financial advisors, and other stakeholders to understand client needs and feedback.
• Collaborate with sales and marketing teams to create effective go-to-market strategies, promotional materials, and sales training.
• Foster strong relationships with internal departments to facilitate effective communication and coordination.

Research Tools and Methods:

• Develop and adopt research tools, sources, and methods that contribute to the business's product marketing management intelligence. 8. Reporting and Recommendations:
• Generate reports and make recommendations to the Product team, serving as guidance for decision-making regarding new and existing products.
• Any other task as assigned by the Line Manager

Requirements

• Bachelor’s Degree in Finance, Business, or a related field.
• Relevant certifications (CFA, CFP etc.) is a plus.
• Proven experience (2+ years) in product management within the financial services sector, with a knowledge of wealth management products.
• Strong understanding of financial markets, investment products, and regulatory frameworks.
• Excellent analytical, strategic thinking, and problem-solving skills.
• Exceptional communication and interpersonal skills to collaborate effectively with diverse stakeholders.
• Proven ability to manage multiple projects simultaneously and meet tight deadlines.
• Familiarity with agile development methodologies is an advantage.

Application Closing Date
Not Specified.