At a Glance
- Tasks: Drive product development for banking clients and enhance client experiences.
- Company: Join Arbuthnot Latham, a historic bank blending tradition with modern tech.
- Benefits: Enjoy competitive salary, health cover, and generous leave policies.
- Other info: Embrace a culture of inclusion and diversity with excellent career growth.
- Why this job: Make a real impact in banking while collaborating with diverse teams.
- Qualifications: Experience in product management within private banking or wealth management.
The predicted salary is between 56700 - 69300 £ per year.
Arbuthnot Latham has been associated with banking since 1833. We combine private and commercial banking, wealth planning and investment management. We believe in traditional relationship and service-led banking powered by modern technology.
Overview
To support the development and refinement of the banking products for private and commercial clients to drive sustainable business growth – working closely with the product owners, Head of Client Proposition and Product, and in collaboration with the banking Proposition Manager. Where applicable, to place the interests of customers at the centre of all activities, act in a way that is consistent with achieving good outcomes for consumers; and to comply with the FCA and PRA's Conduct Rules.
Key Responsibilities
- In partnership with the product owner and key stakeholders support the identification and assessment of opportunities to enhance our products and the delivery of our products to clients.
- Demonstrate curiosity about the performance of the products including identifying outliers, friction or missed opportunities.
- Identify foreseeable client harm and design controls to manage it.
- Stay abreast of relevant changes in the market, including product changes made by direct competitors and the ways client expectations are evolving.
- Manage continuous improvements of product processes and procedures to drive efficiency.
- Design and deliver product initiatives working with relevant teams across the bank and third parties when needed.
- Project manage delivery of initiatives to time and budget, set milestones, identify resource requirements, and coordinate SMEs across the business.
Product Management
- Regular document reviews to ensure product information is accurate and supports client understanding.
- Perform post-launch reviews of all new products to check the objectives set out in the design are being met and client outcomes are being delivered.
- Monitor product performance and keep stakeholders aware.
- Identify opportunities to improve existing products and make recommendations to product owners e.g. new product features.
- Identify pain points in client journeys, operational engagement to deliver improvements.
- Decommission products which are no longer required or are not delivering appropriate client or business outcomes.
Product & Proposition Governance
- Complete annual product and service reviews of all banking and treasury products, identify and make recommendations for improvements.
- Assess whether products & propositions operate in line with the requirements of Consumer Duty and other relevant regulatory frameworks.
- Product technical support, keep abreast of changes & developments in the banking and treasury market.
- Ensure compliance with product policies and procedures and risk frameworks.
Risk
Responsible for managing risks inherent to the role by diligently observing internal policies and procedures.
Key Interfaces
- Product owners for banking and treasury
- Senior stakeholders, Heads of Department
- Client Proposition and Product Team
- Compliance, Legal & Risk functions
- Marketing, Business Management, Operations and Change Teams
- Private and commercial banking front office teams and advisers
Person Specification
Knowledge/Experience/Skills
- Experience in a related role within the Private Banking / Wealth Management Sector, e.g. product development, product proposition/strategy
- Demonstrable track record of delivering new products
- Understanding of the regulatory environment e.g. Consumer Duty
- Demonstrable track record of managing and co-ordinating project work
- In depth understanding of banking, lending and treasury products
Skills
- Strong at forming partnerships and collaboration with good influencing skills.
- Excellent communication skills, oral and written.
- Client focus.
- Ability to think creatively and commercially to find solutions and implement change.
- Ability to work with MI and data sets to generate actionable insights.
- Clear focus on understanding and controlling risk.
Qualifications
- Business and Commercial Focus
- Influencing others
- Judgment & Problem Solving
- Communication & Confidence
About Us
Life, Work and Benefits
Arbuthnot Latham is committed to equal-opportunities for all staff and candidates. We embrace inclusion & diversity and understand why they are critical for the success of our business and people.
- Competitive salary, pension & holiday allowance
- BUPA Health cover
- 4x Life Assurance
- Discretionary bonus
- Market leading maternity/paternity and menopause policies
Banking Product Manager in London employer: Arbuthnot Latham & Co., Ltd
Arbuthnot Latham & Co., Ltd is an attractive employer due to its commitment to professional development and a supportive work culture. The company emphasizes ethical banking practices and places customer interests at the forefront of its operations.
Contact Details:
Arbuthnot Latham & Co., Ltd Recruitment Team
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We think this is how you could land Banking Product Manager in London
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