Product Manager - Mutual Fund

Role Description:

- This is a full-time Product Manager role for Mutual Funds at a leading small finance.

- The Product Manager will be responsible for overseeing the development, management, and marketing of mutual fund products.

- This is an on-site role located in Mumbai, where the Product Manager will collaborate with various teams to drive the success of mutual fund offerings.

EDUCATIONAL QUALIFICATIONS & CERTIFICATIONS:

- Experience in Product Management and Mutual Funds.

- Strong analytical and problem-solving skills.

- Excellent project management skills.

- Ability to collaborate with cross-functional teams.

- Knowledge of financial markets and regulations.

- Good communication and presentation skill.

- Bachelor's degree in finance, Business Administration, or a related field.

- MBA or equivalent advanced degree is preferred.

KEY RESPONSIBILITIES:

Compliance Management:.

- Ensure that all mutual fund products and related services comply with relevant regulations (e.g., SEBI, AMFI).

- Monitor and interpret changes in regulatory requirements and assess their impact on the bank's mutual fund products.

- Collaborate with legal and compliance teams to develop, update, and enforce policies and procedures for mutual fund products.

- Conduct regular audits and reviews to ensure ongoing compliance with regulatory and internal standards.

Product Strategy & Development:

- Develop and execute the mutual fund product strategy in alignment with the bank's objectives.

- Identify market trends, customer needs, and competitive products to drive innovation and differentiation in the mutual fund offerings.

- Collaborate with fund houses to select and launch new funds, ensuring they meet customer needs and regulatory requirements.

- Manage the product lifecycle from inception to discontinuation, ensuring a balanced product portfolio.

Risk Management:

- Identify and assess compliance risks associated with mutual fund products and work with relevant teams to mitigate these risks.

- Develop and maintain a risk management framework specific to mutual fund products, including regular risk assessments and reporting.

Reporting and Documentation:

- Prepare and present compliance reports to senior management, highlighting key compliance risks, issues, and mitigation strategies.

- Maintain accurate records of compliance activities, audits, and risk assessments.

- Ensure timely and accurate filing of all required regulatory reports.

Sales & Distribution:

- Work closely with the sales team to develop and implement sales strategies for mutual funds.

- Provide training and support to sales teams on product features, benefits, and market positioning.

- Develop marketing and promotional campaigns to drive product sales and customer engagement.

- Monitor sales performance and take corrective actions to achieve sales targets.

Customer Experience:

- Enhance the customer experience by ensuring easy access to mutual fund products through digital and traditional channels.

- Gather and analyse customer feedback to continuously improve the product offerings.

- Develop and manage loyalty programs or incentives to increase customer retention and cross-sell opportunities.

Stakeholder Management:

- Build and maintain strong relationships with fund houses, distribution partners, and other key stakeholders.

- Coordinate with internal teams such as marketing, legal, operations, and IT to ensure seamless.

Skills:

- Strong understanding of mutual funds, investment products, and financial markets.

- Excellent analytical skills with the ability to interpret market trends and customer needs.

- Strong communication and presentation skills, with the ability to influence and negotiate with stakeholders.

- Proficient in using financial analysis tools and CRM software.

- Ability to manage multiple projects and work effectively in a fast-paced environment.

PERSONAL ATTRIBUTES:

- High ethical standards and integrity.

- Ability to work independently and take initiative.

- Strong problem-solving skills.

Experiene: 5-7 years