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Product Manager - MSME Trade & Forex at IndusInd Bank

Location
Gurugram,haryana
Job type
Full time
Posted on 28 Sep
Description

Role Details

This job involves identification of new customer value propositions that can then be converted into product offerings to support growth of SME banking segment of the Bank. To plan, develop, market and set up distribution of the new / existing products around Trade and Treasury requirements for MSME clients of the bank. Candidate is expected to monitor and measure the performance of the products after the launch and take necessary iterative efforts to drive the business growth expectation

Overall Job Description

  • Product management and development:

  • Create SME product plans and roadmaps by identifying, analyzing and recommending newer markets, products and business streams for Trade, Forex and Treasury vertical within the bank.
  • Work with Head of Products & Segmentation to identify Industry segments, collect and analyze feedback from sales team, lateral teams and other stakeholders to shape requirements, features and end products to target identified segments
  • Ideate and develop new innovative digital products & journeys leveraging current ecosystem capabilities while being in line relevant Statutory guidelines and policies
  • Plan the development, marketing and distribution of the product and continuously measure and monitor the performance of the products and platform post launch.
  • Assume complete ownership of the customer journeys and funnels and work in-sync with other business stakeholders to optimise the same
  • Produce and review product requirements documents
  • Participate in growth activities and driving the innovation agenda of digital SME product team

Desired skill set.

  • Experience as a Digital Product Manager in Bank/NBFC in SME segment, managing end-to-end customer experience involving multiple touch points
  • Preference to candidates having exposure to Trade and Forex product and workflows; exposure to importers and exporters as a customer segment is desired
  • Should be abreast with the latest digital tools, ecosystem capabilities and government guidelines
  • Experience in product life-cycle management and stakeholder management
  • Organizational and leadership abilities
  • Excellent communication skills
  • Should be able to be run independently with directional oversight and management support

EDUCATION

Tier 1 MBA/PGDM

WORK EXPERIENCE

Essential requirement: 3-5 years of post MBA experience in product management including hands-on experience of product/portfolio as part of a digital team for banks / neo-banks / fintechs




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Frequently Asked Questions

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Why Work at IndusInd Bank

Choosing to work at IndusInd Bank is a decision propelled by a multitude of reasons, particularly if you're seeking an exceptional career opportunity as a Product Manager - MSME Trade & Forex. IndusInd Bank is one of India's most renowned banking institutions, known for its robust foundation and dynamic growth trajectory. You’ll be joining a workplace that fosters innovation, diversity, and professional development. The bank's commitment to nurturing talent ensures that every employee can realize their fullest potential.

Moreover, IndusInd Bank prides itself on maintaining an inclusive and collaborative environment where employees' insights and creativity are highly valued. With a focus on technological advancements and the digitization of banking services, working here puts you at the forefront of the industry's future. As an employee, you will also benefit from a comprehensive package of perks and benefits that support your overall well-being and career progression.

What's It Like to Work at IndusInd Bank

Working at IndusInd Bank is an enriching experience characterized by a blend of professional rigor and a supportive work-life balance. Employees describe the culture as both challenging and rewarding. The bank encourages continual learning and provides ample resources for professional development, including training programs, seminars, and a supportive mentorship system.

Employee welfare is given high priority with various programs in place to ensure physical, emotional, and financial well-being. Regular team-building activities and corporate social responsibility initiatives foster a sense of community and collective purpose. The bank's commitment to innovation means you'll be constantly exposed to cutting-edge technologies, which not only enhances your professional skills but also keeps your work engaging and dynamic.

What's It Like to Work as a Product Manager - MSME Trade & Forex at IndusInd Bank

In the role of Product Manager - MSME Trade & Forex at IndusInd Bank, your responsibilities will be both critical and impactful. Your role will involve analyzing market trends, developing new products, managing existing portfolios, and ensuring customer satisfaction within the MSME (Micro, Small, and Medium Enterprises) Trade & Forex sector. The work environment is collaborative, with cross-functional teamwork being the norm.

You will have the opportunity to work with some of the brightest minds in the industry, crafting financial solutions that cater to the dynamic needs of MSMEs. The bank provides the tools and resources necessary for you to excel in your role, including advanced analytics platforms, customer relationship management systems, and continuous feedback mechanisms. The position demands strategic thinking, effective communication, and strong leadership skills, all nurtured and supported by the bank’s professional development programs.

Product Manager - MSME Trade & Forex Interview Questions at IndusInd Bank

Preparing for an interview for the position of Product Manager - MSME Trade & Forex at IndusInd Bank involves understanding the types of questions that are typically asked. Here are some examples:

  1. Can you describe your experience with product management in the financial sector, specifically related to MSME Trade & Forex?
  2. How do you approach market research and analysis for product development?
  3. What strategies would you employ to increase the market share of IndusInd Bank's MSME Trade & Forex products?
  4. How do you prioritize features and initiatives for product development?
  5. Can you provide an example of a successful product launch you spearheaded and the outcomes it achieved?
  6. How do you handle feedback and criticism from stakeholders and customers?
  7. What methodologies do you use to ensure product compliance with regulatory standards?

Product Manager - MSME Trade & Forex Interview Preparation at IndusInd Bank

To ace your interview for the Product Manager - MSME Trade & Forex position at IndusInd Bank, thorough preparation is essential. Start by familiarizing yourself with the bank’s history, mission, values, and the specifics of their MSME Trade & Forex services. Understanding the bank’s market position and the competitive landscape will also give you a solid foundation.

Refresh your knowledge of current trends in MSME banking and forex markets. Prepare to discuss your past experiences with concrete examples, focusing on how your expertise aligns with the job requirements. Practice common interview questions with a friend or mentor to build confidence. Additionally, be ready to showcase your analytical skills through case studies or hypothetical problem-solving scenarios that might be presented during the interview.

Product Manager - MSME Trade & Forex Interview Tips at IndusInd Bank

  1. Research the Company: Have an in-depth understanding of IndusInd Bank’s products, services, and recent developments in their MSME Trade & Forex offerings.
  2. Understand the Role: Clearly comprehend the responsibilities and expectations attached to the Product Manager - MSME Trade & Forex position.
  3. Prepare Your Stories: Use the STAR (Situation, Task, Action, Result) method to structure your answers, ensuring you highlight your problem-solving and leadership skills.
  4. Ask Insightful Questions: Prepare questions that demonstrate your eagerness to understand the role and contribute to the bank’s business objectives.
  5. Professional Attire: Dress in professional attire to make a positive first impression.
  6. Follow-Up: Send a thank-you email after the interview, reiterating your interest in the position and the bank.

By following these tips and preparing thoroughly, you can position yourself as a strong candidate for the Product Manager - MSME Trade & Forex role at IndusInd Bank.