Product Officer QNB First International recruitment
Essential Duties Responsibilities by Dimensions:
A. Shareholder Financial:
- Assist in establishment of agreed sales budget for QNB First Balances for the assigned distribution network and continuously monitor the product performance through their achievements.
- Assist in development of new products/ enhance existing products to cater to focussed customer bases to maximize market leadership in order to fulfil business objectives/ achieve assigned budget.
- Analyze portfolio behavior and trends (including competitor initiatives) to formulate retention strategies to minimize attrition and thereby help grow the QNB First portfolio.
B. Customer (Internal External):
- Analyse the market for the products assigned to gauge customer preferences and ensure that products launched are in line with customer needs.
- Build and maintain strong and effective relationship with all other related units to achieve the Group’s goals/ objectives with respect to retail assets products.
- Build and maintain strong and effective business relationships with the bank partners, with support from Corporate Banking for certain companies, to support product activities.
- C. Internal (Processes, Products, Regulatory):
- Assist in the review, refinement, development and launch of new products and services to maximize market share, revenues and profits in QNB First segment.
- Ensure processes are in place for launch of new products, including the smooth launch of the same, and that the same are in compliance with the applicable internal policies/ procedures and external regulations, including but not limited to pertinent legal requirements, as applicable.
- Assist in the management of the assigned products in terms of marketing, roll-out, sales and overall performance.
- Compile and present relevant MIS on periodic basis for the Product Manager to whom he reports.
D. Learning Knowledge:
- Possess good knowledge of the customer segment, products assigned and the related risks.
- Assist in training all front-end and sales channels viz. CROs, CSOs, Call Centre, branches and DSAs about the features/ characteristics of the products developed/ enhanced to promote product awareness amongst staff.
E. Other:
- Ensure high standards of data confidentiality to safeguard commercially sensitive information.
Education/Experience Requirements:
- 5 years banking experience in product development and/or branch exposure.
- Bachelor’s degree.
Required Special Skills:
- Knowledge of product development.
- Good oral and written communication skills in English and Arabic (preferred).
- Personal integrity and self-management.
- Planning, organizing and analytical ability.
- Sales/ marketing and finance background.
Operating Environment/ Location:
- The referenced position will be based in Qatar and will involve liaison with the support functions at HO.
- Will entail regular visits with Operations, branch sales staff and DSAs, as and when required.
Framework and Boundaries:
- Group overall strategic plan
- Budgetary/ scorecard targets.
- Applicable policies and procedures.
- Relevant regulatory pronouncements of the applicable local and international regulators and related best practices.
- Delegated authorities as per the delegation of authority structure.
Communications and Working Relationships:
- Operations, Risk, Credit, Front-end sales personnel (branches, DSAs etc).
Supervisory Responsibilities:
- None.
However the position is expected to liaise with Sales, Operations, Risk, IT and Service Quality to ensure delivery of the Products and Services.
April 20, 2012
• Tags: Asset Management careers in the Qatar, Product Officer QNB First International recruitment • Posted in: Financial