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Description
At RAKBANK, we believe in fostering a culture of innovation, growth, and excellence. We are not just a bank – we are a community that thrives on teamwork, cutting-edge solutions, and the highest standards of governance.
As a Product Manager – Retail Assets, you will lead the strategic development and management of personal loan products, ensuring competitive market positioning and strict adherence to bank policies.
What You’ll Do
- Assist in the review and development of existing and new personal loan products or their variants.
- Prepare business documentation for product launches and market research.
- Manage the smooth operation of personal loans, ensuring significant income generation for the bank.
- Regularly monitor product utilization and introduce new variant features based on market trends.
- Review product profitability and recommend changes to improve profitability and reduce costs.
- Ensure the bank’s website is updated and effectively promotes personal loans.
- Represent personal loan products effectively through cross-sell campaigns.
- Manage the end-to-end process of developing and enhancing processes, systems, and procedures for new and enhanced product offerings.
- Serve as the central point of contact for all product-related activities and procedures, ensuring compliance with AML and internal control standards.
- Manage and monitor the generation of MIS for personal loans monthly to assess business performance.
Skills
What We're Looking For
- Bachelor's degree in Business, Finance, or a related field; MBA preferred.
- Minimum 5-7 years of work experience in banking.
- Initiative and drive to achieve set targets and service standards.
- Leadership skills to motivate and influence a team of sales and service people.
- Self-motivated, creative, and a proven self-starter.
- Good written and verbal communication skills, including negotiation and problem-solving skills.
- Good negotiation and networking skills with internal and external customers.
- Proficiency in English and Arabic preferred.
Opportunity Details
RAKBANK
RAKBANK, the trading name of the National Bank of Ras Al-Khaimah, is a public joint stock company, headquartered in the emirate of Ras Al-Khaimah, in the UAE. The Head Office of the bank is situated in RAKBANK Building, Emirates Rd, Ras Al-Khaimah. The bank is 52.75% owned by the Government of Ras Al-Khaimah.
Shares are publicly traded. Board consists of several members of the ruling family of the emirate of Ras-Al Khaimah and businessmen from UAE and Kuwait. The bank is engaged in providing retail and corporate banking services through a network of thirty three branches in the United Arab Emirates, but all the transactions are handled on a strictly commercial basis.
Board of Directors
H.E. Shaikh Omar bin Saqr Al-Qasimi Chairman U.A.E
H.E. Shaikh Salim bin Sultan Al-Qasimi Member U.A.E
Mr. Hamad Abdulaziz Al Sagar Member Kuwait
Mr. Abdul Aziz Abdulla Al Zaabi Member U.A.E
Mr. Yousuf Obaid Essa Al Nuaimi Member U.A.E
Mr. Ahmed Essa Al Naeem Member U.A.E
Mr. Salem Ali Abdulla Saeed Al Sharhan Al Nuaimi Member U.A.E