• Mashreq Bank Careers | Product Manager, Retail Deposits Job, Egypt

    Mashreq Bank Careers | Product Manager, Retail Deposits Job, Egypt

    Location: Egypt

    Job Description

    Mashreq Bank is currently recruiting for the role of Product Manager, Retail Deposits

    Drive the Retail Deposit Business for Individual customers in the UAE to achieve a profitable portfolio and facilitating customer propositions keeping customer value to Bank Products include (Conventional and Islamic): Current Account, Savings Accounts (Basic Savings, Easy Saver and Dream Saver), Term Deposits (Fixed Deposits, Unfixed Deposits and Step up Saver) and Mashreq Millionaire

    Duties and Responsibilities

    Your main responsibilities in this role include the following:

    • Manage the P&L for Retail Deposits – balance growth, sales, attrition control, revenue and expense management

    • Work closely with the Business Manager - Deposits and Remittances and assist to ensure alignment of products and proposition as well as leveraging of initiatives (ensuring no redundancies)

    • Make available superior products, either developed internally or negotiated with outside suppliers/vendors, to customers

    • Use the marketing budget to develop effective promotions

    • Expand the Distribution channels beyond the regular bank channels

    • Directly manage the portfolio movements of monies across different deposit products to achieve the overall balance sheet goals

    • People management – motivate people to deliver desired goals and behavior

    • Develop processes for product delivery and product booking to provide superior customer service without compromising on operational controls

    • Identify new opportunities for creating bundled packages

    • Ensure that all products and processes meet the Compliance requirements of the country

    • Control attrition of customer to targeted level through relationship management, loyalty enhancement programs and effective ant-attrition processes

    Job Requirements

    • 10+ years of related banking and finance experience

    • Strong understanding of profitability drivers and market development across various product life cycle stages

    • High level of analytical skills and ability to understand scientific marketing techniques including surveying and statistical analysis in marketing program development

    • Ability to manage and lead cross functional project teams

    • Familiarity with bank’s operations, sales and support environments and a strong customer focus

    • Appreciation of Islamic banking concepts

    Job Details

    Company: Mashreq Bank

    Employment Type: Full-time

    Job Location: Cairo, Egypt