Product Manager-CMS

URGENTLY HIRING!

JOB DESCRIPTION:

Strategic/ Managerial Responsibilities:

▪ Market Research & Analysis: Continuously monitor market trends, regulatory changes, and competition to identify new business opportunities and innovations in the clearing space. Collaborate with stakeholders to enhance the banks positioning in the market.

▪ Partnership Development: Build and maintain strong relationships with key stakeholders, including stock exchanges, regulatory bodies, clearing corporations, and brokers to strengthen the PCM proposition and facilitate smooth operational collaborations.

▪ Revenue Growth & Profitability: Define pricing strategies and ensure achievement of revenue targets for the PCM product. Work closely with cross-functional teams to optimize cost structures and improve profitability.

▪ Innovation & Digital Initiatives: Lead the digital transformation and technology initiatives for PCM operations, focusing on automation, improving service offerings, and reducing manual dependencies

Core Responsibilities:

▪ Product Ownership: Take end-to-end ownership of the PCM product line, from conceptualization to delivery, including ongoing enhancements and upgrades. Develop clear product definitions, guidelines, and policies to ensure operational excellence.

▪ Client Engagement: Collaborate with sales teams to support existing and potential clients, ensuring customer satisfaction, timely resolutions of issues, and identifying opportunities to cross-sell other bank products.

▪ Process Improvement: Drive operational efficiency by refining processes for clearing, settlement, and risk management. Ensure adherence to regulatory standards and support the development of best practices.

▪ Regulatory Compliance: Liaise with regulatory bodies such as SEBI, exchanges, and clearing corporations to ensure the product meets all legal and compliance requirements. Manage audits, inspections, and filings with regulatory authorities as required.

▪ Risk Mitigation: Identify risks in PCM operations and take proactive steps to mitigate these risks. Work closely with risk, compliance, and legal teams to ensure effective risk controls are in place for all clearing activities.

People Management or Self Management Responsibilities:

▪ Team Leadership & Development: Lead a cross-functional team, driving collaboration between operations, IT, legal, and compliance departments. Mentor junior team members, fostering a culture of ownership, accountability, and continuous learning.

▪ Performance Management: Set clear performance objectives for the team and monitor their progress against key performance indicators (KPIs). Provide regular feedback, identify training needs, and develop plans for individual growth.

▪ Stakeholder Communication: Ensure consistent and transparent communication with internal and external stakeholders, including senior leadership. Regularly update progress, risks, and opportunities for improvement.

▪ Self-Management & Leadership: Demonstrate strong leadership skills and the ability to work independently with minimal oversight. Take accountability for key deliverables while fostering a culture of collaboration and mutual respect.

Risk and Internal Control Responsibilities:

▪ Risk Framework Implementation: Implement a robust risk management framework for PCM operations, ensuring adequate checks, controls, and safeguards to protect against market, credit, and operational risks.

▪ Internal Audit & Compliance: Collaborate with internal audit and compliance teams to ensure that all PCM processes and activities are fully compliant with the banks risk policies and external regulatory requirements.

▪ Operational Risk Monitoring: Monitor Daily Risk Management Process (e.g., Limit updation, squaring off position, Reporting to Exchange) and ensure timely interventions when risks exceed acceptable thresholds.

▪ Escalation Procedures: Establish clear escalation processes for risk events and ensure timely reporting of any operational lapses, including root cause analysis and corrective action plans.

* IF INTERESTED KINDLY SHARE YOUR UPDATED ON vibha.shelar.ext@yesbank.in *