Role Overview :

- DMI Finance is looking for a highly strategic, analytical, and execution-focused VP Product to lead our Personal Loan (PL) product function. As a senior leadership team member, the incumbent will take complete ownership of the PL portfolio from conception to go-to-market and scaling. You will be responsible for end-to-end product strategy, partner integrations, risk alignment, regulatory compliance, and driving the P&L and performance optimization of the PL business.

- You are expected to bring deep expertise in unsecured Personal Loans with a strong understanding of end-to-end customer journeys, including direct-to-consumer (D2C) sourcing, Lending Service Provider (LSP) & Direct Selling Agent (DSA) integration, credit underwriting, loan lifecycle and collections processes. You are also expected to bring deep expertise into lending technology and platforms including loan origination and loan management systems.

- You will work closely with ecosystem partners and cross-functional internal teams to champion product innovation, drive continuous process improvement, and ensure DMI remains at the forefront of the Indian digital lending ecosystem.

Key Responsibilities :

- Take Complete Ownership : Define and drive the overarching product strategy, roadmap, and P&L for the Personal Loans portfolio.

- Partner & Channel Ecosystem : Lead integrations and operational alignment with ecosystem partners, including LSPs, DSAs, payment gateways, SAAS players, eKYC providers, Account Aggregators, and lending technology platforms.

- Lead the PL Product Function : Build, manage and mentor a high-performing product team. Oversee loan origination, approval, disbursement, and EMI servicing flows to ensure seamless, scalable operations.

- Drive Innovation : Conceptualize and launch product innovations in the personal lending space, such as pre-approved loan offerings, embedded finance solutions, flexible repayment structures, and interoperable credit lines.

- Process Improvement : Continuously identify and implement process improvements to enhance the customer experience, reduce turnaround time (TAT), improve partner satisfaction, and strengthen risk controls.

- Automation & Digitisation : Drive automation and digitisation initiatives across the lending lifecycle and ensure the tech stack is best in class.

- Cross-Functional Collaboration : Work closely with Risk, Legal, Compliance, Technology, Operations, Collections, and Business teams to ensure seamless execution, risk alignment, and strict adherence to RBI digital lending regulations.

- Portfolio & Performance Monitoring : Monitor portfolio performance rigorously, including disbursals, approval rates, conversion funnels, delinquency trends, NPAs, collection efficiency, and profitability metrics.

- Product Execution : Oversee the preparation of detailed Product Requirement Documents (PRDs) and Business Requirement Documents (BRDs), championing agile development cycles, UAT, and successful go-live processes.

- AI Strategy & Product Transformation : Build AI first product experiences for customers and borrowers. Leverage AI for driving automation across credit underwriting, fraud detection and improving process efficiency.

Leadership Traits :

- Strong product, credit and business understanding.

- Ability to operate in a high-paced, high scale environment with complete ownership.

- High execution velocity with strong prioritisation discipline.

- Strong cross functional leadership across product, technology, credit, operations and business verticals.

- Bias for simplification, scale and execution with ecosystem level thinking.

Required Qualifications & Experience :

- MBA or equivalent postgraduate qualification from a Tier 1 / Tier 2 institution.

- 12 - 15 years of product management experience in Banking, NBFC, Fintech, or Consumer Finance organizations within the Indian lending ecosystem, with at least 4-5 years in a leadership/functional head role.

- Mandatory hands-on experience and proven track record in scaling Personal Loans and unsecured digital lending products.

- Deep understanding of digital onboarding, bureau integrations, eKYC, underwriting systems, and modern loan management systems (LMS).

- Experience managing B2B2C partner ecosystems, LSP frameworks, and retail distribution partnerships.

- Sound knowledge of RBI regulations applicable to retail lending, digital lending guidelines (DLG), and consumer finance products.

- Experience working with the Account Aggregator framework, alternative data underwriting, or embedded finance platforms is highly preferred.

- Proven ability to manage cross-functional stakeholders at the executive level and drive execution in a highly regulated environment.

Core Competencies :

- Strategic leadership with a strong execution orientation.

- Absolute ownership and accountability for the PL function.

- Ability to balance aggressive growth objectives with prudent credit risk management.

- Excellent communication, negotiation, and stakeholder management skills.

- Data-driven decision-making and problem-solving abilities.

- Ability to operate and lead effectively in a fast-paced, performance-driven environment.