Job Description
Purpose of role
Corporate & Investment Banking and Wealth Management New Product Services (NPS) is a professional, goal driven department focused on providing a value-added service to the business. The team is responsible for providing a risk & control focused approval mechanism for any new or variation of products that the Bank wishes to trade. It has a significant presence within the organisation as the NPS function touches upon the business plus all the major infrastructure support areas across the Bank.
Candidates must have a detailed knowledge of product development/ governance/ approval across either Wealth Management/Private Banking domain, Investment Banking or Corporate Banking.
Core accountabilities
Coordinating the approval process for new products proposals for corporate & investment banking and wealth management products across all asset classes.
Role requirements
- Managing relationships & working closely with Front Office to develop new product proposals and to ensure transparency around those NPA proposals in progress.
- Liaising with Infrastructure representatives to build consensus and solve issues during the gestation period of the new product proposal - by performing preliminary risk assessments.
- Hosting meetings as appropriate to syndicate information & resolve issues.
- Developing partnerships with business and functional heads to ensure timely notification of new proposals and completion of documentation
- Educating NPA stakeholders as to the policy, process and system
- Escalating key issues appropriately & in a timely manner
- Leading or working on key improvement initiatives
- Coordinating regulatory deliverables and representing NPS in meetings with Regulators and audit where needed
- Delivery of senior management reporting.
Professional/technical experience
- Proven career history within financial services
- Solid risk / control-oriented background
- Strong knowledge of investment bank business processes - front to back
- Experience in dealing with senior management
- Strong team management skills
- Solid knowledge of technology and key applications
- Knowledge of change management / process improvement.
Academic and professional qualifications
- Broad knowledge of banking products
- Solid knowledge of front to back process flows
- Ability to manage change and improve processes
- Controls & risk awareness
- Excellent verbal and written communication skills
- Solid knowledge of Excel and PowerPoint and similar reporting tools.
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