Job Description
Operating in the UAE for over 50 years, CBD manages the financial requirements of some of the largest corporates and businesses operating in the country, driving the UAE economy. Over the years, CBD has transformed into a progressive and modern banking institution winning multiple awards for its digital initiatives, credit cards, bank accounts, mobile app features and services.
CBD has been recognized as the number one bank in the UAE on the Forbes list of The World's Best Banks 2022.
As we continue to build upon our successes, we are looking for ambitious individuals who are passionate about the banking and finance industry and the markets in which CBD operates. Just as important to us is your ability to demonstrate a talent for dealing with people - your colleagues and our customers and delivering service that really goes the extra mile.
Job Purpose:
To manage and enhance wealth and investment product proposition reflecting an increase in revenue and building a sustainable & profitable portfolio. The individual will work closely with product teams and sales teams to implement competitive and compliant investment solutions that enhance the bank's wealth management portfolio.
Principal Accountabilities:
Product Development & Management
Assist product manager in lifecycle management of wealth and investment products, including mutual funds, fixed-income products, alternative investments, structured notes, FX products.
Identify market trends and client needs to create innovative investment solutions that align with the bank's strategic objectives
To formulate, maintain and seek approval on the product program / policy to facilitate business growth and to actively manage existing investment product
Prepare, maintain and periodical update of Standard Operating Procedures associated with key process of the products.
Prepare, maintain and periodical update of Key Facts Statement associated with key functionalities of the product.
Financial Analysis and MIS Reporting
Generate product performance metrics, client feedback, and market data to drive continuous improvement and profitability.
Prepare regular reports on product performance, trends, and strategic insights for senior management and stakeholders
Generate dashboards for comprehensive reporting pack; liaise with different units within the bank for data as and when required.
Work with technology to automate and upgrade the MIS requirement on an ongoing basis to facilitate enhanced portfolio monitoring capabilities.
Planning & Budgeting
Assist in developing and implementing strategic initiatives to drive product growth, increase client acquisition, and expand the bank's market share in wealth management.
Monitor competitor offerings, regulatory changes, and market developments to keep the product lineup relevant and compliant.
Process Improvement
Recommend and follow up system changes request to meet changing business needs and to improve product offering.
Support in automation of product programs / policies/ process and parameters across banking systems as and when required.
Audit Trail
Ensure acceptable audit rating by maintaining effective audit trails for each activity.
Risk and Compliance Management
Ensure all investment products comply with regulatory standards and internal risk management policies.
Conduct regular product reviews and audits to manage risk exposure, enhance performance, and uphold the bank's standards for product quality and compliance.
Channel Support and Training
Partner with sales teams to promote wealth and investment products, providing training and insights to equip advisors and relationship managers with product knowledge and sales strategies.
Create and update product materials, marketing collateral, and training modules to facilitate effective client engagement.
Lead digital first agenda in collaboration with digital team
Channel Support and Training
Partner with sales teams to promote wealth and investment products, providing training and insights to equip advisors and relationship managers with product knowledge and sales strategies.
Assist in creating and updating product materials, marketing collateral, and training modules to facilitate effective client engagement.
Support digital first agenda in collaboration with digital team
Requirements:
Education And Experience
Minimum required - Bachelor's degree qualifications with specialization in finance
Minimum 5 Years Of Experience
Good knowledge of retail banking / Private banking product and best market practices
Experience of product development & MIS
