Overview
PRODUCT MANAGER, TRADE AND RECEIVABLE FINANCE- Dubai, UAE
Company Commercial Bank of Dubai
Position PRODUCT MANAGER, TRADE AND RECEIVABLE FINANCE
Location UAE
Education Must have Ideally a Bachelor’s degree or equivalent.
Experience At least a Minimum overall 5-7 years of experience gained from P&L management, product development, testing, implementation and trade & receivable finance.
Vacancies 1
Job Type Full Time
DESCRIPTION
Job Purpose:
The role holder will be responsible for maintaining and driving the end to end management of Documentary Trade and Receivables financing (including Supply Chain Finance, Purchase of Receivables, Asset Based Lending) by ensuring a solid product governance across the Trade value chain, coordinating execution, engaging in sales practice managements, and be a key driver in digital transformation programmes.
Principal Accountabilities:
Ensure business stability, growth, strategic alignment and enhanced profitability across the trade and receivable finance realm.
Act as an industry expert as well as being the primary contact for all internal stakeholders on Trade and Receivable Finance.
Develop product opportunity studies highlighting benefits, costs & risks. In addition, preparing business cases and strategy for new/enhanced products and roll-outs.
Establish strategic priorities, sales objectives, and revenue goals for trade finance products and the relevant distribution channels to maintain and accelerate revenue growth.
Own and maintain the product governance framework for Trade & Receivables Finance.
Manage and document changes to policies and procedures that arise to improve future client experience, bank’s operational and local regulatory experience.
Adhere to policies including escalation and compliance requirements and follow any other relevant internal controls and procedures as they relate to process, products, policies and regulations.
Develop customer document requirements for enrolling new services. Recommend adequate changes in the process or customer application forms and management of the digital transformation projects.
Develop business requirements for building trade and receivable finance capabilities, and work with IT department, audit, risk, compliance, operations and other stakeholders to formulate the project plan, delivery schedules testing and implementation. Monitor the project progress in all aspects from requirements conceptualization to implementation.
Recommend adequate product suggestions and feedback for product and process improvement ensuring to follow the set Bank’s procedure. Keep status of applications, implementations and fee recovery updated.
Analyse, plan and execute Pilots and Proof of Concepts for product innovation in the trade and receivable finance space.
Serve as subject matter expert for coverage RMs and Trade Operations, assist in implementation of client solutions and serve as liaison with internal and external service providers to resolve complex client issues.
Ensure to comply with the audit requirements, internal and external reporting obligations etc in line with the policy guidelines, to ensure high standards of uniformity and consistency across the Bank.
Work with Legal, Audit, Compliance, Operational Risk, Technology, Central Operations , and other stakeholders to successfully launch and manage products & services in trade and receivable finance. Identify trade and receivable finance product issues and provide resolution to potential problems.
Provide assistance to, train & develop reporting staff to build their capabilities to carry out acquisition effectively.
Conduct periodic competitive landscape exercise at trade and receivable finance within the industry.
Understand banks infrastructure to ensure that operations and systems are able to support the trade and receivable finance products launched and work with technology and Operations to ensure that the functionalities are as per required specifications.
REQUIREMENTS
Education & Experience
Bachelor’s degree or equivalent
Minimum overall 5-7 years of experience gained from P&L management, product development, testing, implementation and trade & receivable finance
PRODUCT MANAGER, TRADE AND RECEIVABLE FINANCE – Dubai, UAE
About
The example of overcoming adversity of the Commercial Bank of Dubai throughout recent a long time as far as improvement and thriving has remained forever inseparable from the turn of events and flourishing of the Unified Bedouin Emirates itself.
Today, the Commercial Bank Bank of Dubai is very pleased with its commitment to the financial advancement of the UAE and Dubai specifically.
The Bank’s foundation in 1969 matched with a period when the emirate of Dubai was seeing a quick change into an undeniably significant local, recently worldwide, exchange center point, under the savvy authority of the late His Excellency Sheik Rashid container Saeed man-made intelligence Maktoum, the organizer behind present-day Dubai.
As quite possibly of the most seasoned nearby bank, the Commercial Bank Bank of Dubai assumes a significant part in funding the UAE’s exchange and improvement projects, a job which developed extensively following the foundation of the League of the Unified Bedouin Emirates in 1971. The Bank has since kept on funding infrastructural projects, advancing the improvement of exchange, business, industry, and administration all throughout the organization.
Commercial Bank of Dubai is resolved to proceed with this commitment to the nation’s thriving and offer help to both public and confidential areas.
Today, we value the predictable steadfastness of our clients, who have kept up with close relations with the Bank throughout the course of recent a long time notwithstanding expanded contest in the commercial center.
We could never have accomplished this without our assurance to serve our clients to the best expectations, giving them redid answers to fulfilling their particular requirements and building solid associations with them recognized by our typical individual touch. We are additionally pleased with the crucial job we play in the country’s monetary flourishing. Beginning with a 10-worker branch in 1969, we presently have 15 branches and north of 121 ATMs all through the UAE, utilizing exactly 1469 staff.
Our needs before very long are to build our portion in the nearby and local business sectors and we are certain that our solid relations with our clients and accomplices will keep on giving us a significant upper hand, permitting us to confront future provokes and keep on enrolling palatable development rates to measure up to the assumptions of our investors.
