Lead - Product Development - Remittances

Designation: Product Development Foreign Remittances
Job Location: Goregaon, Mumbai
About NIPL:
NPCI International Payments Limited (NIPL), incorporated in April 2020, is a profit oriented wholly owned subsidiary of National Payments Corporation of India (NPCI). NIPL was established to enable acceptance of RuPay & Unified Payments Interface (UPI) outside of India. For NPCI, to become a best global payment network, creating a footprint in international market is non-negotiable so NIPL was established to expand in global market using set of different use case and approaches.
NIPL is looking for ambitious, energetic, innovative remittance product development manager.
NIPL represents an incredible opportunity to address a vast new market segment and customer base and is an area of high interest for NPCI. We are focused on building payment solutions across market places and regions by leveraging on the proven & sophisticated technology of NPCI and existing/prospective strategic partners.

The job
You will be responsible for developing remittance products for NIPL including the planning, designing and implementation of product strategies for UPI-Cross Border Remittances product globally for NIPL. Experience in Cross Border Remittances, knowledge of FEMA and other RBI regulations related to cross border remittances will be an added advantage.

What youll do
Product Development

• Create and deliver a business model for UPI Cross Border Remittances product as well as ensure a competitive LRS and Retail FX product proposition.
• You will own the remittance product roadmap execution/delivery and help us accelerate our growth into new markets.
• Create business requirement document as well as define and document business and operational processes, audit system changes, support governance and fraud operations. Ensure a robust process creation and execution to ensure risk controls of all types
• Create and deliver competitive proposition across sales process tools, systems
• Ensure creation of product documents and operating rules and regulations for the clients
• Internal engagement across Compliance, Risk, Operations, Finance and Business teams. The position will work closely with various departments and vendors to maintain best in class Remittance product and drive optimization in the NIPL Digital remittance product offerings
• Responsible for driving revenue, decrease loss and improving customer experience
• Support new product launches with detailed and regular communication to stakeholders
• Conduct interviews to gather current business, technical, and functional processes and thoroughly document existing business processes and requirement
• Actively work with the project management team to complete detailed business requirements, assesses impacts of projects, and ensure key tasks are incorporated to project plans.
• Overall Project management and execution including initiating and planning. Engage in project releases and user acceptance testing
• Lead projects to identify control gaps and support continuous process improvement. Works closely with internal audit and stakeholders to conduct reviews to ensure controls are maintained and SLAs are achieved
• Ensure functional testing and proper processes are in place to minimize exceptions
• Provide accurate and timely communication to stakeholders What you will need to succeed:
• Proven ability to work cross-functionally, collaborate, influence and work as part of a team .

You have

• A creative problem solver, with excellent analytical, judgment, negotiation & conflict resolution skills
• Experience in Agile Environment and should be energetic, flexible, collaborative and proactive
• Proven ability to effectively analyze data and present solid recommendations
• Strong organizational skills and the ability to handle stringent deadlines
• Ability to manage and prioritize multiple projects and tasks independently
• Familiarity with information technology implementation and or systems development and implementation lifecycles from both IT and functional (business) perspective
• Passionate and knowledgeable about risk and payments, with strong technical level understanding
• Self-starter with proven track record of translating strategic thinking in to action plans ,execution and results in risk and payment products
• Proven experience with remittance marketplaces or payments companies with different methodologies and approaches
• Strong interpersonal and leadership skills with the ability to interact with many departments and levels of Management. Dealing with a cross section of colleagues, influencing skills and building bridges to achieve desired results
• Good communication skills, business writing, presentation skills( both oral and written) that can help to promote clarity and present persuasive options
• Experience in Product Development/Consulting/Business Development in Cross Border remittances /IT domain/banking.
• UG degree – any specialization, MBA/PGDM is strongly preferred.
• Proficiency in Excel, PowerPoint, Modern analytical tools like Tableau etc.,

What NIPL offers

• Competitive compensation
• Excellent medical insurance, with options to fit you and your family’s needs
• A dynamic, ambitious, fun and work-life balance environment
• Opportunity to work on high impact projects of national importance