Head of Products

Education & Training

• A Business Degree in Banking, Commerce, Business Administration, Economics, Statistics, management or any relevant field.
  
• Relevant practical training in banking
  
• Relevant practical training in research or product development
  

Skills & Experience

• A minimum of 7 years’ experience in a Bank setting, of which 4 must be in a Sales, Marketing or Product Development function.
  
• This position requires a highly self-directed individual with independent judgment
  
• Must have critical thinking, analytical, attention to detail and problem-solving skills.
  

• Lead the thought process and coordinate efforts to develop products that are in line with HFB’s business strategy and market positioning.
  
• Work with business segment heads to identify and define target market segments, market requirements, key business strategies and the competitive environment for HFB’s niche portfolio.
  
• Manage the Bank’s product development cycle through chairing the Products Innovation Committee (PIC), recommending and seeking approval from Management Assets & Liabilities Committee (MALCO) and Board Assets & Liabilities Committee (BALCO) for all new, reviewed and recalled bank products.
  
• Monitor market trends and information (acquisitions, pricing changes and new products and features) to identify potential areas for the development of new products, and the restructuring of existing products.
  
• Lead and coordinate efforts for market and product research either through internal or external resources and aid the thought processes for internal product review, improvement and innovation.
  
• Champion new and modified business products from concept to implementation across all lines of business for the target niche.
  
• Responsible for monitoring strategic aspects of existing product portfolio including monitoring product performance, continuous competitor analysis and recommending appropriate actions, strategies and tactics to sustain product performance.