Product Manager, Retail Business at First Bank of Nigeria Limited

Product Manager, Retail Business at First Bank of Nigeria Limited

Product Manager, Retail Business at First Bank of Nigeria Limited. First Bank of Nigeria Limited (FirstBank) is Nigeria’s largest financial services institution by total assets and gross earnings. With more than 10 million customer accounts, FirstBank has over 750 branches providing a comprehensive range of retail and corporate financial services. The Bank has international presence through its subsidiaries, FBN Bank (UK) Limited in London and Paris, FBNBank DRC, FBNBank Ghana, FBNBank Gambia, FBNBank Guinea, FBNBank Sierra-Leone and FBNBank Senegal, as well as its Representative Offices in Johannesburg, Beijing and Abu Dhabi.

We are recruiting to fill the vacant position below:

Job Title: Product Manager, Retail Business

Ref Id: 1900002A
Location: Lagos
Job: FBN GEN. Job Family
Organization: DMD Directorate
Schedule: Regular
Shift: Standard
Job Type: Full-time

Job Objectives

  • Grow Bank’s retail risk asset (SME)
  • Generation of cheap deposits mix for the Bank
  • Drive product uptake and increase share of the wallet as well as increased Top Of the Mind Awareness (TOMA)
  • Profit generation
  • Product development and management
  • External and internal resource management
  • Business creation and retention
  • Resource planning and coordination

Duties & Responsibilities

  • First of all, Assist in the development and review of Retail Business products (KDF for FMCG, Cement, PDF , Telecoms, Invoice Discount, Local Purchase Order & Contract Finance).
  • Also, Assist in the coordination, deployment and uptake of Retail Business products across the Bank’s Business Unit.
  • Also, Monitor and report Bank wide performance of Retail Business products to Team Lead and recommend appropriate growth strategies.
  • Make product presentations (in liaison with Business Units) to multi-nationals, large corporates, contractors and suppliers on the bank’s Retail Business offerings.
  • Also, Assist in conducting product knowledge training for the bank’s workforce and key distributors of major principals.
  • Also, Assist in conducting market intelligence and generation of marketing leads to Business Units.
  • Assist in conducting risk assessment of relevant industries as it relates to KDF products and advise BUs accordingly.
  • Also, Monitor all borrowing SMEs accounts and promptly engage BUs on accounts not following the transaction dynamics.
  • Handle enquiries from BUs and confirm distributorship status from Principals.
  • Also, Engage BUs on expiring/expired facilities for renewal.
  • Also, Assist in organizing customer engagement for key distributors and suppliers.
  • Report industry trends/behavior as it affects the bank’s business in KDF to Team Lead.
  • Comply with the principles and policies in the Information Security Handbook
  • Comply with the principles and policies in the Operational Risk Management Handbook

Job Requirements
Education:

  • Minimum Education: Degree(s) in Business related discipline, higher degrees/Professional Certification (an added advantage)

Experience:

  • Minimum experience – Four years relevant experience

Key Competency Requirements
Knowledge:

  • Corporate Relationship management
  • Banking structure, policies and procedures.
  • Product development skills
  • Industry knowledge
  • Banking Operations
  • Banking services/products
  • Use of Banking applications
  • Financial/Business Analysis

Skill/Competencies:

  • Portfolio Management
  • Credit Assessment and Structuring
  • Marketing/Sales
  • Business/Product Development
  • Customer Relationship Management
  • Client Industry Knowledge
  • Budget Planning & Control
  • Financial Analysis
  • Data Gathering and Analysis
  • Process Improvement

Application Closing Date
Not Specified.

How to Apply
Interested and qualified candidates should:
Click here to apply online

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