About this role
Job Pupose:
The Vice President, Product for Business Loans will manage the complete lifecycle of our business loan products, ensuring profitable growth and market adoption. This role requires a professional with a deep understanding of market dynamics, customer needs, and financial acumen to define product strategy, oversee development, and ensure successful market integration. A key focus will be on government-backed loan schemes, particularly Mudra loans. The role will collaborate extensively with Credit Risk, Platforms, Marketing, Sales, and Operations teams to deliver innovative and customer-centric business loan solutions.
Key Accountabilities:
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Product Strategy & Definition (Business Loans):
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Define the strategy and roadmap for business loan products, aligning with overall business objectives.
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Identify target segments for business loans, including micro and small enterprises, and develop compelling value propositions.
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Conduct market research, including analysis of competitor business loan offerings and government-backed schemes like Mudra loans, to inform product positioning and strategy.
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Develop and implement pricing strategies for business loan products to optimize sales volume and profitability.
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Create business cases for new business loan product proposals, securing internal approvals.
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Collaboration with Credit Risk:
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Partner with credit risk teams to define and refine underwriting policies and processes for business loans, balancing risk and market competitiveness, with specific attention to Mudra loan guidelines.
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Integrate credit risk considerations into all stages of business loan product development.
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Contribute to underwriting strategies across the business loan portfolio, including specific sub-segments for Mudra loan beneficiaries.
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Partnership with Platforms & Technology Teams:
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Work with platform teams to define system requirements for business loan products, ensuring successful setup and integration.
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Drive process improvements and collaborate with technology teams to maintain a business loan product roadmap aligned with corporate objectives.
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Go-to-Market & Performance Management:
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Develop and deliver go-to-market launch plans for business loan products.
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Monitor and improve the performance of business loan products, including volume, revenue, and profit forecasts.
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Gather customer feedback to inform continuous product enhancement.
Qualifications
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Masters degree in business management, finance, or a related field.
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Proven experience in product management within business loans, including strategy definition, pricing, and market launch.
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Strong understanding of credit risk considerations and underwriting policies specific to business loans.
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Demonstrated in-depth knowledge of government-backed loan schemes, with a particular emphasis on Mudra loans.
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Experience collaborating with technology and platform teams for system setup and integration.
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Excellent communication, interpersonal, and influential skills.
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Strong analytical and problem-solving abilities. DBS India - Culture & Behaviors:
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Drive performance through Value Based Propositions
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Build pride and passion to protect, maintain and enhance DBS’ image and reputation
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Enhance knowledge base, build skill sets & develop competencies
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Invest in team building & motivation through ideation & innovation
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Execute at speed while maintaining error free operations
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Develop a passion for performance and grow the talent pool
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Maintain the highest standards of honesty and integrity
Location
Regional Office Mumbai
Job:
Product Management
Schedule:
Regular
Employee Status:
Full time