Lending Product Manager
Job Title: Lending Product Manager
Location: Letchworth Garden City, 2-3 days working from home per week.
Salary: Depending on experience
Hours: Monday-Friday 9am-5pm
Benefits:
15% Contributory Pension
26 days holiday plus bank holidays
Private Health Insurance
Critical Illness Insurance
Death in Service
Income ProtectionAbout our client and the role of Lending Product Manager
Our client is a fast-growing Challenger Bank in a high growth phase and have an exciting new opportunity for a Lending Product Manager to join their fast-paced Product and Strategy team. The successful candidate will be responsible for supporting the growth ambitions of the Bank's existing and new lending products, as well as ensuring the Bank delivers its product financial targets on margins, balance growth and customer volumes. The successful candidate will also assess market conditions, taking into account the market opportunity and growth potential, competitor activity, existing capabilities and risk appetite, in order to gain and sustain the Bank's competitive edge and results.
The successful candidate, alongside the Director of Products and Strategy will ensure the Bank's new and existing products are performing as customers would expect and are in line with legal and regulatory obligations, internal policy, and industry best practice. In addition to this provide in-depth analysis of relevant MI to help determine strategy, provide insight and assess risk within the portfolio.
Responsibilities for the role of Lending Product Manager
Support the Director of Products & Strategy on the Bank's diversification strategy, assessing new market opportunities for presentation and approval at Executive & Board level Committees; end-to-end product and pricing management for existing product lines and any new product lines the Bank launches in accordance with the Bank's Business Plan as well as managing future 3rd party relationships as appropriate.
Plan product launches utilising appropriate marketing and promotion initiatives to maximise the business volumes and ensure successful launch.
Review and enhance the features of existing products and engage in designing new services that fulfil the requirements of SME customers.
Define processes, procedures and KPIs to manage the end-to-end customer journey for lending products.
Keep track of the market and regulatory changes to ensure customer needs are constantly being met and TCF principles adhered to.
Review regular reports on product performance, tracking key performance indicators (KPIs) such as risk indicators, revenue & market share, getting insights from sales and support.
Attendance at the monthly Marketing and Product Committee meeting and presenting where appropriate.
Assess the risk of new and existing lending products and report those within the risk and governance framework of the Bank.
Assess the viability, customer benefit, risk, and P&L benefit of any new asset classes that the Bank will launch as part of its Strategic Plan.
Work closely with Business Development Managers to understand market intelligence to support development of new and existing products.
Work alongside the Director of Products & Strategy to identify and propose new external partner relationships and channels for new lending products / asset classes. Provide first class external stakeholder management through the due diligence process, and on-going as appropriate.
Work closely with Credit Underwriting and Credit Operations to understand improvements to the customer journey / experience and recommend changes to process for cost efficiencies and customer benefit.
Work closely with Marketing to ensure product promotion of lending products is maximised through both internal and external media.Experience and skills required for the role of Lending Product Manager
Experience in the financial services or banking sector, preferably within a SME environment.
Relevant product knowledge, including knowledge of lending products, the regulatory and competitive environment.
Knowledge of both secured and unsecured lending is preferred, including previous management of asset classes such as Invoice Finance, Unsecured Lending and Asset Finance.
Must understand how to wite product proposals and manage relationships with stakeholders.
Attention to detail; can do attitude and willingness to go the extra mile.
Ability to prioritise
Self-motivatedFor more information regarding the role of Lending Product Manager please contact us
Stellar Select is acting as an employment agency and is a corporate member of the REC.
Due to a high volume of applications, we will only contact you if your application has been successful. We aim to contact all successful contacts within two business days
Location: Letchworth Garden City, 2-3 days working from home per week.
Salary: Depending on experience
Hours: Monday-Friday 9am-5pm
Benefits:
15% Contributory Pension
26 days holiday plus bank holidays
Private Health Insurance
Critical Illness Insurance
Death in Service
Income ProtectionAbout our client and the role of Lending Product Manager
Our client is a fast-growing Challenger Bank in a high growth phase and have an exciting new opportunity for a Lending Product Manager to join their fast-paced Product and Strategy team. The successful candidate will be responsible for supporting the growth ambitions of the Bank's existing and new lending products, as well as ensuring the Bank delivers its product financial targets on margins, balance growth and customer volumes. The successful candidate will also assess market conditions, taking into account the market opportunity and growth potential, competitor activity, existing capabilities and risk appetite, in order to gain and sustain the Bank's competitive edge and results.
The successful candidate, alongside the Director of Products and Strategy will ensure the Bank's new and existing products are performing as customers would expect and are in line with legal and regulatory obligations, internal policy, and industry best practice. In addition to this provide in-depth analysis of relevant MI to help determine strategy, provide insight and assess risk within the portfolio.
Responsibilities for the role of Lending Product Manager
Support the Director of Products & Strategy on the Bank's diversification strategy, assessing new market opportunities for presentation and approval at Executive & Board level Committees; end-to-end product and pricing management for existing product lines and any new product lines the Bank launches in accordance with the Bank's Business Plan as well as managing future 3rd party relationships as appropriate.
Plan product launches utilising appropriate marketing and promotion initiatives to maximise the business volumes and ensure successful launch.
Review and enhance the features of existing products and engage in designing new services that fulfil the requirements of SME customers.
Define processes, procedures and KPIs to manage the end-to-end customer journey for lending products.
Keep track of the market and regulatory changes to ensure customer needs are constantly being met and TCF principles adhered to.
Review regular reports on product performance, tracking key performance indicators (KPIs) such as risk indicators, revenue & market share, getting insights from sales and support.
Attendance at the monthly Marketing and Product Committee meeting and presenting where appropriate.
Assess the risk of new and existing lending products and report those within the risk and governance framework of the Bank.
Assess the viability, customer benefit, risk, and P&L benefit of any new asset classes that the Bank will launch as part of its Strategic Plan.
Work closely with Business Development Managers to understand market intelligence to support development of new and existing products.
Work alongside the Director of Products & Strategy to identify and propose new external partner relationships and channels for new lending products / asset classes. Provide first class external stakeholder management through the due diligence process, and on-going as appropriate.
Work closely with Credit Underwriting and Credit Operations to understand improvements to the customer journey / experience and recommend changes to process for cost efficiencies and customer benefit.
Work closely with Marketing to ensure product promotion of lending products is maximised through both internal and external media.Experience and skills required for the role of Lending Product Manager
Experience in the financial services or banking sector, preferably within a SME environment.
Relevant product knowledge, including knowledge of lending products, the regulatory and competitive environment.
Knowledge of both secured and unsecured lending is preferred, including previous management of asset classes such as Invoice Finance, Unsecured Lending and Asset Finance.
Must understand how to wite product proposals and manage relationships with stakeholders.
Attention to detail; can do attitude and willingness to go the extra mile.
Ability to prioritise
Self-motivatedFor more information regarding the role of Lending Product Manager please contact us
Stellar Select is acting as an employment agency and is a corporate member of the REC.
Due to a high volume of applications, we will only contact you if your application has been successful. We aim to contact all successful contacts within two business days