Head Product Proposition

Empowering Africa’s tomorrow, together one story at a time.
- With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.Job Summary

The purpose of this role is to develop and drive the strategy across transactional banking products with the aim of simplifying delivery and ensuring leading edge product design, coordination and prioritization around product development and enhancement, keeping the needs of the customers in mind. Ensure that the strategic approach is aligned to the group requirements and standards. Analyze the market in order to develop an awareness of the affordability of the products and the strength of the competition. Ensure the overall objectives of business profitability are met, through revenue growth, cost and impairment management and customer growth. Deliver on market share growth objectives

**Job Description**:
Accountability: Strategy and Planning
- Design, define and formulate the strategic vision and direction of transactional banking products.
- Ensure the product managers align, integrate, and deliver on the product strategy in line with and group strategies.
- Ensure that product managers map all products per needs, group in order to measure its relative performance in the context of the lifecycles of individual products and define strategies to enhance and increase product uptake.
- Ensure that product managers to maintain and overall product portfolio roadmap and monitor the performance of the overall portfolio in the context of financial objectives and targets.
- Ensure the appropriate stakeholders implement all product rationalization, migration, and consolidation and termination initiatives on route to realizing the overall EVERYDAY BANKING and group-wide strategy for product.

Accountability: Product Management
- Ensure that product managers drive and implement a robust product management methodology for all products.
- Guide the product managers to manage product planning in the context of an overall product roadmap based on the product lifecycle with its associated price, promotion, distribution and customer needs objective.
- Monitor the continuous product performance analysis in terms of all product parameters (including market share, customer take up, utilization ⁄ activity, financial performance etc.) and create a focus on market activity to gain traction and market share in the industry.
- Oversee and ensure that product managers implements regular profitability analysis that is conducted on products to determine their continued viability.
- Entrench governance with the product managers to work with EVERYDAY BANKING Legal and EVERYDAY BANKING Compliance to review product features, processes and procedures to ensure that they are compliant with the legal and regulatory requirements (e.g. CPA, Competition Commission etc.) and incorporate best practices and efficiencies.
- Ensure that the product managers actively work with the management teams of the sales and operations ⁄ support areas to ensure a common understanding of the services required and the constraints within which those areas have to operate. Initiate process reengineering projects where required.
- Enable the team, through driving a set strategy, to successfully integrate new products or migration products to provide enhancements thorough project planning, customer communication and sales team enablement.
- Provide direction, guidance and input to the product managers on the development and management of processes to ensure the effective delivery of products.
- Entrench the use of industry best practices for product planning, life cycle management, measurement, growth and profitability. This involves addressing the strategies covering the 8p’s of services (product, price, promotion, place processes, physical evidence, people and profitability).

Accountability: Relationships
- Create a network of alliances and business partners to optimize the operation of the value chain across product.
- Develop, manage and maintain effective relationships with service providers from within the group, such as technology to support the product development process.
- Develop and maintain a network of alliances throughout the industry, signing up the required alliances to ensure optimal delivery of financial solutions.
- Build and maintain strong relationships with all executives to ensure that the correct long-term view is obtained for the growth and success of the product environment.
- Proactively develop relationships with key external stakeholders, vendors and industry leaders, including local regulators, key clients and external regulatory bodies to ensure that Absa gets appropriate co-operation when required and that the group meets and is seen to meet regulatory compliance.
- Regularly