Credit Product Manager Job Description
Credit Product Manager Duties & Responsibilities
To write an effective credit product manager job description, begin by listing detailed duties, responsibilities and expectations. We have included credit product manager job description templates that you can modify and use.
Sample responsibilities for this position include:
Credit Product Manager Qualifications
Qualifications for a job description may include education, certification, and experience.
Education for Credit Product Manager
Typically a job would require a certain level of education.
Employers hiring for the credit product manager job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Business, MBA, Marketing, Education, Finance, Engineering, Management, Computer Science, Economics, Business/Administration
Skills for Credit Product Manager
Desired skills for credit product manager include:
Desired experience for credit product manager includes:
Credit Product Manager Examples
Credit Product Manager Job Description
- Accompany Sales on client presentations/proposals when necessary
- Prepare information and documents for internal and external audience
- Participate in customer events and speak at conferences
- Develop project plans, budgets and timelines, and monitors progress
- Manage relationships with key internal stakeholders and external strategic partners
- Understands the business impact of any product changes
- Facilitate business buy-in, ownership and approval of key change and transition activities
- Develop a communications plan that is targeted and supports the communications of all stakeholder groups impacted by the change, both internal and external
- Determine resources required and monitors performance
- Manage scope changes and boundaries, and negotiates with stakeholders
- Creation of New Product Approval materials to be used for presentation at the New Product Approval Committee meetings
- Partner with the Marketing and Communications team to develop appropriate internal and external communications and marketing materials relative to our product offering
- Previous project experience a must
- Knowledge Credit Related Products is a plus
- Ability to define user acceptance test plans and test case
- Thorough knowledge of product line assigned including operational and marketing aspects
Credit Product Manager Job Description
- Coordinates the execution of client projects with a variety of internal functional areas to ensure customer satisfaction
- Tracks product performance, assesses contribution to company revenue and market position, and recommends product or marketing modifications to maximize value and increase product penetration
- Coordinates the development and implementation of marketing vehicles to support product promotion including collateral, trade shows, press releases, product briefs, and corporate intranet
- Maintains customer communications to maintain product visibility and solicit new sales
- Reduce product costs by partnering with Risk, Operations, to develop products and simple, efficient processes that minimize processing and underwriting costs while maintaining acceptable asset quality and cost of credit characteristics
- Product management – customer insights & needs, distribution channel considerations, product benefits & features, communications, pricing & offer strategy
- End-to-end focus on customer experience – from application/underwriting strategy across multiple channels including in store, online, direct mail, phone, through onboarding, rewards & engagement and retention
- Growth strategy & prioritization – drive breakthrough, sustained growth
- Lead cross functional teams – partner & influence effectively across diverse stakeholder groups, including research, marketing planning, channel marketing, operations, finance, analytics, risk management, legal, compliance
- P&L management – deep understanding of credit card P&L to ensure products both deliver market leading customer value value to our shareholders
- Results-driven and possess strong verbal and written communication skills
- Proven track record and extensive experience with CDS (Single/Index), CLN, and Tranches
- Experience with CLO^n would be beneficial
- Ability to explain and translate developments into detailed technical requirements for programmers and quants to execute
- Proven knowledge of market standard derivative valuation techniques
- Knowledge of risk management and CVA hedging
Credit Product Manager Job Description
- Focuses on business performance and / or conducting analysis and reviews
- Develops and / or assesses significant business cases / new initiatives applying expertise and ensuring criteria for own area met
- Undertakes and completes a variety of moderately complex projects and initiatives
- Executes on the strategic direction of the reporting and analytics function
- Works with various stakeholders and technology partners to design and maintain effective information systems
- Identification of new areas for revenue generation within repo and financing space via existing relationships and development of new ones
- Responsible for relationship management of securities lenders, asset managers and hedge funds in co-ordination with sales/traders on desk (coverage in Asia/US and UK)
- Repo trading backup to existing matchbook traders in London
- Co-ordination of desks funding requirements, focus on optimising funding profile of the desk and European GCP, diversification to new counterparties, maturity management etc
- Onboarding and prioritisation of new clients, liaising with legal, CRM, client onboarding
- Knowledge of at least one front-to-back system
- Prior experience with advanced concepts, practices, & procedures of finance & accounting
- Extensive knowledge of credit management as it relates to Corporate Cash Management products
- Experience in working within complex projects within a credit focused role
- A keen interest in the FinTech sector , in particular virtual accounts
- Strong analytical, writing skills, influencing and project management skills
Credit Product Manager Job Description
- Liquidity metric analysis for the desk and for European GCP
- Liaison between traders and CRM, Operations, Product control
- Special projects – adhoc responsibilities ie legal entity migration
- E Trade – manage the electronic trading plan, platform access, market data tools
- Point of liaison for triparty service providers
- Management reporting packs
- Solid trading experience in the Repo credit markets
- An ability to be a team player
- An academic background of minimum degree or equivalent level in a quantitative discipline
- Managing all aspects of the product development process
- Requires hearing to be able to communicate effectively verbally and in writing with co-workers, vendors, clients, and others for work-related purposes
- 10+ years in lending-related positions, preferably wealth management credit
- Thorough knowledge of commercial and consumer lending policies, procedures and related regulations
- Thorough knowledge of activities associated with Wealth Management lending and the high net worth segment
- Prior experience of market risk including credit markets and derivatives is preferable, although broader and deeper understanding can be developed through job experience
- Credit expertise required
Credit Product Manager Job Description
- Ability to understand and manage the customer experience
- Understanding of Regulatory / compliance requirements
- Development and management of risk strategies
- Administers Account and Loan origination systems, including system updates, new products and user security
- Administers Risk Based Lending Program including underwriting rules, pricing tiers and portfolio review
- Analyzes credit score performance and underwriting guidelines in an effort to align our risk appetite to grow loans
- Writes and maintains policy and procedures for new account and loan underwriting and processing
- Collaborates on Loan and Account origination process design, enhancements and cross-sell tools
- Benchmarks performance with other organizations and makes recommendations for improvements in the account and loan origination process
- Oversees compliance and regulatory changes
- Strong strategic analysis and product management skills
- Considerable knowledge of product/program development, research, pricing, and implementation planning
- Experience in high net worth or wealth management preferred
- Must be able to think strategically and work independently
- Senior Product Managers, Product Solutions senior Management Team, Contact Centre, Proposition Head (Advance)
- Strateguc thinking capability, ability to analyze complex data points and provide concise recommendations