Product Manager - Business Loans

Job Requirements

Role/ Job Title: Product Manager

Business: Wholesale Banking

Function/ Department : Securitised Products

Job Purpose :

• To play the central role between the Corporate Coverage team RH/SRM/RM and all the control function teams in order to facilitate the inorganic book / PSL book growth of the Bank through portfolio acquisition of retail loan portfolios.
• To interface with Compliance and Audit functions for providing a comprehensive & cohesive response to regulator queries and manage audits/inspections.
• To guide and assist in helping build Priority Sector Lending (PSL) Book through the use of Portfolio Buyouts.
• Be able to connect with ancilliary service providers like trustees, rating agencies, legal counsel to assist / co-ordinate for transaction closures, keep abreast of market developments, understand interpretations from the point of law etc.
• Core Business skills required:
• Good knowledge of PSL criteria and practical applications of it will be a requisite.
• Good understanding and knowledge of RBI Guidelines on Securitisation and Transfer of Loan Exposures to enable proper execution of transactions.
• Adequate understanding of retail assets and the related processes associated with the same. This will enable better engagement with RM's when executing transactions and also provide in-depth responses to the regulator/audits.

Roles & Responsibilities:

'1. Keep abreast of market developments, transaction structures happening in the market, industry volumes.

• Annual updation of the product note and the SOP’s as per the Bank’s guidelines.
• Monitor the existing portfolio performance and highlight triggers to the Coverage team as applicable.
• Co od with all stakeholders in order to respond to RBI queries as may be sent from time to time and handle the annual inspection.
• Assist the Coverage team in transaction closures by guiding them on the processes, compliances, norms etc. as may be required.
• Supervise the ARM who manages the payouts and ensure that all payouts of existing portfolio are being received on time and processed on a real time basis.
• Co ordinate with stakeholders, coverage team and if required, the auditor to ensure that the surveillance is completed on time.

Secondary Responsibilities:

'Create and maintain good relationships with external key stakeholders - rating agencies, external legal counsel, trustees etc. to ensure one can stay abreast of delveopments.

Stay abreast of PSL guidelines and impact / opportunities to assist in targeting new business and help achieve the Bank's PSL targets.

Managerial & Leadership Responsibilities :

'A proactive , hands on and execution focussed role where one needs to reach out to people in order to ensure that the work gets done on time.

Key Success Metrics:

'1. Portfolio management.

• Practical application of the guidelines in managing the portfolio.
• Satisfactory closure of RBI Inspection, Internal Audit, Statutory Audits with minimal observations.
• Assist Coverage RM's in transaction closures through training, live assist for closure of transactions.

Qualifications:

Graduate Degree - Any

Years of Experience:

1-6 years of experience.