Product Manager – Local SME product

Job Summary

We are looking for a dedicated and experienced Local SME Bank Loan Product Manager to oversee and enhance our lending products tailored for small and medium enterprises (SMEs). This role will focus on developing, managing, and promoting loan products that meet the unique needs of local businesses while driving growth and profitability for the bank.

Key Responsibilities

• Design and develop loan products specifically for SMEs, ensuring they align with market needs and regulatory requirements. 
• Conduct market research to identify trends, customer preferences, and competitive offerings in SME lending.
• Manage the entire product lifecycle, from concept to launch and ongoing enhancements. 
• Monitor product performance, making adjustments as necessary to optimize results and customer satisfaction.
• Collaborate with the sales team to develop effective strategies for promoting SME loan products. 
• Provide training and support to sales staff to ensure they understand product features and benefits.
• Build and maintain relationships with local businesses to understand their financial needs and challenges.
• Gather feedback from customers to inform product improvements and new offerings.
• Ensure all loan products comply with relevant regulations and internal policies.
• Assess and manage risks associated with SME lending, implementing strategies to mitigate potential issues.

Requirements

• Bachelor’s degree in Finance, Business, Economics, or a related field
• Proven experience in product management, particularly in banking or financial services.
• Strong understanding of SME lending practices and market dynamics.
• Excellent analytical, organizational, and communication skills.
• Ability to work collaboratively in a team environment and manage multiple projects simultaneously.