Product Manager (Structured Products)

Role Overview

Product Manager (Structured Products) at Emirates Islamic Bank. The role is based at Emirates NBD, a market leader across the MENAT region.

Company Overview

Emirates NBD is a market leader across the MENAT (Middle East, North Africa and Türkiye) region with a presence in 13 countries, serving over 9 million customers. The bank is the leading financial services brand in the UAE with a Brand value of approximately USD 4 billion. Emirates NBD serves customers through retail banking, corporate and institutional banking, Islamic banking, investment banking, private banking, asset management, global markets and treasury, and brokerage operations. The bank is a key participant in the global digital banking industry, with 97% of all financial transactions and requests conducted outside of branches. Emirates NBD also operates Liv, the lifestyle digital bank, which has over half a million users and continues to be the fastest-growing digital bank in the region.

Role Purpose

Drive the development, pricing, execution, and lifecycle management of Structured Products that support the investment needs of the bank's clients and its growth objectives. Identify and evaluate new product opportunities, collaborate with internal stakeholders to generate investment ideas, secure necessary product approvals through Legal, Compliance, and Risk functions, and partner with platform teams to enhance processes and develop innovative product capabilities.

Key Responsibilities

Product Development and Innovation

• Identify product needs for all customer segments across RBWM 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 end-user need.
• Ideate payoffs and underlyings in line with house views.
• Ideate, critically analyze, and optimize Structured Products.
• Develop, monitor, and continuously improve checks and balances to ensure desk activities are compliant with all relevant regulations, policies, and procedures.

Lifecycle Management and Monitoring

• Seek stakeholder interest and manage the lifecycle of the product.
• Establish consensus across sales, investment strategy, control functions, launch, and trade with assistance from issuers.
• 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.
• Monitor structured products trade book for escalation of yellow and red flags to WMIGC for exercising customer duty of care.
• Manage Structured Product trade-book for review of secondary market pricing, repeat sale opportunities for upcoming maturities, and sales feedback.

Operations and Process Improvement

• Improve processes and automate where possible.
• Reduce TATs on various activities.
• Take ownership of various sundry tasks that require the desk's involvement on a day-to-day basis.
• Automate desk activities wherever feasible.
• Continuously improve the infrastructure and desk capabilities, including agreements with issuers, LTVs, and digitization.

Strategic Development and Capability Building

• Project management for strategic enhancements for the benefit of the wealth management business.
• Establish delivery of a best-in-class educational framework for Structured Products.
• Understand business dynamics across the channels and segments to leverage product and service needs of the bank's customers to position Structured Products as a key part of a truly valuable customer proposition.

Stakeholder Management and Governance

• 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.
• 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.
• Postgraduate qualification in Finance from a reputed international university with specialized coursework and strong exposure to derivatives, structured products, and advanced financial markets (preferred).
• 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.
• Hands-on experience in the design, pricing, and structuring of derivative and structured investment products across asset classes.

Skills & Competencies

• 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.

Additional Information

• Flexible work policy with the ability to work from home as it suits your schedule.
• Competitive rewards, benefits and perks.
• Access to professional development opportunities to accelerate your career.