Product Head - Financial Planning & Wealth Management - Broking Firm

Product Head - Financial Planning & Wealth Management, Broking

1) Expertise in Financial Products: Possess extensive knowledge and understanding of diverse financial products including Mutual Funds, PMS, AIF, Corporate Deposits, Bonds / NCDs, Insurances, and stock broking.

2) Team Leadership: Lead and manage a team of 1-3 product managers, utilizing at least five years of prior experience in team management.

3) Vendor Management: Identify, select, engage, and collaborate with product manufacturers, conducting thorough due diligence on vendors.

4) New Product Development: Oversee all aspects of new product launches, collaborating with product manufacturers from inception, providing insights into client needs and developing a comprehensive product strategy.

5) Collaboration and Marketing: Work closely with the marketing team to effectively market products. Collaborate with Relationship Managers, Dealers, and Partners for product distribution.

6) Goal Achievement: Drive and coordinate different teams and departments to achieve established goals and objectives.

7) Stakeholder Engagement: Present product strategies to partners and stakeholders, outlining plans, potential risks, and opportunities.

8) Client Engagement: Regularly meet with clients to understand their interests and preferences. Pitch products to third-party vendors, requiring strong communication skills.

9) Feedback and User Communication: Solicit and incorporate feedback from various user groups including PCG RMs, Dealers, Equity Advisors, Franchisees, and end clients. Maintain ongoing communication with existing users regarding product changes.

10) Market Intelligence: Analyze competition through market intelligence, refining strategies accordingly.

11) Data Reporting: Collect market data and prepare reports for the Marketing and Leadership teams.

12) Training and Development: Oversee product department training initiatives for RMs, Dealers, operations, and customer service personnel, ensuring effective product knowledge transfer.