About Discovery
Discoverys core purpose is to make people healthier and to enhance and protect their lives. We seek out and invest in exceptional individuals who understand and support our core purpose, and whose own values align with those of Discovery. Our fast-paced and dynamic environment enables smart, self-driven people to be their best. As global thought leaders, Discovery is passionate about innovating in order to not only achieve financial success, but to ignite positive and meaningful change within our society.
About Discovery Bank
Discovery Bank is a bank like no other a shared-value bank, designed with our clients in mind. Were all about sharing the value that clients create when they manage their money well, back with them through exceptional interest rates and rewards. Our Vitality Money programme measures how well clients manage their finances, informs them of what it means to be financially healthy, and empowers them with the knowledge to get enhanced rewards for managing their money well. If youre adaptable, a problem-solver, always questioning the way things are done, passionate about doing what is right, and obsessed with providing a quality service experience, we have a job for you where you can be your best in an environment thats safe and nurturing.
Job Purpose
The Product Development Manager is required to drive product development, implementation and maintenance of key product portfolios within Discovery Bank. Ultimately the Product Development Manager is responsible for determining and driving the product strategy, and as a result requires a diverse skillset ranging from strategy formulation, deep analytical and banking product knowledge and strong inter-personal skills to formulate a vision and drive deliverables across multiple areas in the business.
Areas of responsibility may include but are not limited to
Defining The Product Roadmap
- Ensure that the product range is fit for purpose and aligns to the strategic objectives of the Bank.
- Researching new areas and opportunities for product development.
- Prioritise areas for new product development through the Product Steercom.
- Define new product initiatives or changes to existing products.
- Assess the viability and feasibility of any changes:
- Conduct market/competitor/client focused research to understand potential opportunities and establish feasibility of products.
- Build up a business case to support any changes.
- Work with technical teams to determine feasibility of implementation.
- Drive new initiatives through the Product Development Steering Committee.
- Clearly specify products that are clear and concise which enable the systems team to implement, business analysts to design appropriate support processes, training material to be developed and the design of marketing assets.
- Manage the full product life cycle, from specification to testing of functionality prior to new developments going live.
- Monitor actual project progress and resolve issues speedily to support delivery.
- Monitor take-up, impact and financial performance of the product against the agreed targets.
- Ensure the product functions as intended and address any gaps or defects identified.
- Manage and prioritise a backlog of product changes to deliver on overall targets and objectives.
- Manage external partner relationships.
- Provide specialist support to the Servicing and Operations teams dealing with complex cases.
- A minimum of 5 years retail banking experience in a Product Development / Product Manager role required.
- Demonstrated ability to deliver on complex projects in a retail banking and / or payment space preferred.
- Extensive experience in working with systems delivery teams in a digital first organisation preferred.
- Undergraduate degree/diploma required.
- Honours degree or higher in Mathematics, Engineering, IT, Finance or Bus Science advantageous
- Strong technical product knowledge in retail banking and payments.
- Advanced MS Office, Excel, PowerPoint.
- Strong communication skills.
- PLSQL or similar data analysis experience advantageous.
The Companys approved Employment Equity Plan and Targets will be considered as part of the recruitment process. As an Equal Opportunities employer, we actively encourage and welcome people with various disabilities to apply.
