وصف الوظيفة
Role Overview
Product Manager at Emirates NBD, based in the United Arab Emirates. This role drives the development, pricing, execution, and lifecycle management of Structured Products that support the investment needs of the bank's clients and growth objectives.
Company Overview
Emirates NBD is a market leader across the MENAT region (Middle East, North Africa and Türkiye) with presence in 13 countries, serving over 9 million customers. It is the leading financial services brand in the UAE with a Brand value of approximately USD 4 billion. The bank serves customers through retail banking, corporate & institutional banking, Islamic banking, investment banking, private banking, asset management, global markets and treasury, and brokerage operations. Emirates NBD is a key participant in the global digital banking industry, with 97% of all financial transactions and requests conducted outside of branches. The bank operates Liv, the lifestyle digital bank by Emirates NBD, which has over half a million users and is the fastest-growing digital bank in the region.
Role Purpose
The Product Manager identifies and evaluates new Structured Product opportunities, collaborates with internal stakeholders to generate investment ideas, secures necessary product approvals through Legal, Compliance, and Risk functions, and partners with platform teams to enhance processes and develop innovative product capabilities aligned with house views and client needs.
Key Responsibilities
Product Development & Structuring
- Identify product needs for all customer segments across Retail Banking & Wealth Management in conjunction with segment and channel leads and eliminate product gaps in the product and service offering.
- Continuously innovate and identify ideas that align with the house view and client needs.
- Follow house views, global markets and events that may create an end-user need.
- Ideate payoffs and underlyings in line with house views and seek stakeholder interest.
- Ideate, critically analyze, and optimize Structured Products.
- Establish consensus across sales, investment strategy, control functions, launch, and trade with assistance from issuers.
- Hands-on involvement in the design, pricing, and structuring of derivative and structured investment products across asset classes.
Lifecycle Management
- Manage the lifecycle of products from conception through maturity.
- Answer client queries during the life of the product.
- Monitor products during the life of the product for yellow and red flags.
- Suggest replacements at maturity.
- Manage Structured Product trade-book for review of secondary market pricing, repeat sale opportunities for upcoming maturities, and sales feedback.
- Monitor structured products trade book for escalation of yellow and red flags to WMIGC for exercising customer duty of care.
Process Improvement & Automation
- Improve processes and automate where possible to reduce turnaround times on various activities.
- Automate desk activities wherever feasible.
- Continuously improve the infrastructure and desk capabilities, including agreements with issuers, loan-to-value ratios, and digitization.
- Develop, monitor, and continuously improve checks and balances to ensure that desk activities are compliant with all relevant regulations, policies, and procedures.
Stakeholder Management & Education
- Manage relationships with all related internal and external counterparties to ensure smooth running of the distribution channels in delivering targets for the business.
- Act as a point of contact for all stakeholders, internal and external, in relation to Structured Products.
- Establish delivery of best-in-class educational framework for Structured Products.
- Understand business dynamics across channels and segments to leverage product and service needs of the bank's customers to position Structured Products as a key part of a valuable customer proposition.
Strategic Planning & Operations
- Take ownership of various sundry tasks that require the desk's involvement on a day-to-day basis.
- Project management for strategic enhancements for the benefit of the wealth management business.
- Jointly own the budget for Structured Products in partnership with segments and channels.
Qualifications & Experience
- Degree in Engineering or Mathematics from a globally recognized top-tier university.
- Preferred Postgraduate qualification in Finance from a reputed international university, with specialized coursework and strong exposure to derivatives, structured products, and advanced financial markets.
- Proven experience in Equities, Rates, FX, Fixed Income, or Structured Payoff Structuring within a leading bank.
- Experience within Global Markets, Quantitative Structuring, or Structured Products.
Skills & Competencies
- Demonstrated programming and quantitative development skills with evidence of coding experience in languages and tools such as Java, VBA, Python, C++, GitHub, SQL, or similar technologies.
- Ability to build pricing tools, automate workflows, develop quantitative models, and support structuring activities through technology-driven solutions.
- Experience working closely with Trading, Sales, Structuring, Quantitative Research, Risk Management, and Technology teams to deliver innovative client solutions.
Additional Information
- Emirates NBD offers a flexible work policy allowing work from home whenever it suits.
- The bank provides extremely competitive rewards, benefits and perks.
- Professional development opportunities are available to accelerate your career.