Product Development Specialist - أخصائي تطوير المنتجات

JOB CONTENT

To drive innovation and growth by leading the product lifecycle, including researching market opportunities and customer needs aligned with DB's strategy, developing compelling concepts, ensuring successful launches, managing post-launch activities, and presenting data-driven reports.

2. Duties and Responsibilities
1. Product Development & Innovation
Lead the design and development of new banking products.
· Manage product lifecycles, including potential product revisions, enhancements, and potential discontinuation based on market performance.

· Contribute to the development of departmental strategy as cascaded down from the functional strategy and its implementation within own section and its operations, in order to ensure vertical alignment and horizontal integration with other interfacing departmental strategies across DB.

Review and enhance existing products to improve competitiveness and efficiency to the management.
· Prepare and conduct comprehensive reports that include detailed findings from data analysis, market research, identify customer needs, industry trends, and gaps, customer feedback, product performance metrics, and internal assessments, along with actionable recommendations.

Develop product concepts, value propositions, and business cases.
2. Business Case & Feasibility

Prepare detailed business cases including financial projections, risk assessment, and expected impact.
Evaluate product profitability, sustainability, and alignment with bank strategy.
Coordinate internal approvals for product launch.
3. Stakeholder Coordination

Work closely with Business, Risk, Legal, IT, Operations, and Compliance teams to ensure smooth product development and rollout.
Liaise with external stakeholders (regulators, partners, fintechs, consultants).
4. Product Implementation

Support product rollout including policies, procedures, and system requirements.
Ensure proper documentation (guidelines, SOPs, manuals).
Conduct internal awareness and training sessions.
5. Monitoring & Performance

Track product performance (portfolio growth, profitability, uptake).
Recommend improvements based on KPIs and market feedback.
Ensure compliance with regulatory and internal policies.
6. Strategic Contributions

Support strategic initiatives related to financial inclusion, sustainability, and development sectors.
Contribute to innovation programs (digital banking, green finance, partnership models).
· Apply the strategy of PD section and driving a new data driven approach; analyze market data and identify opportunities for new products and services that contribute to DB's growth and strategic goals.

7. Operational

· Contribute to the development and consolidation of the departmental budget and monitor own section’s financial performance versus the budget, in order to ensure the exercising of financial authority within established limits and the control of sectional budget expenditure

· Manage the section’s daily operations by providing expertise, enabling teamwork, and aligning processes, in order to achieve high performance standards and meet established targets

· Communicate with internal and external data / information providers to ensure consistency, standardization and timeliness of information provided for reporting and analysis purposes.

Perform any other relevant task assigned from time to time by the management.

KEY INTERACTIONS

1. Internal

– All internal department and branches

– As per operational activities

2. External

– Vendors, Service providers, Consultants, Regulatory authorities

– As part of operational activities

3. Level of external interaction

– This position requires a medium level of external interaction

MINIMUM EDUCATION, QUALIFICATIONS & SKILLS

Education:

– Bachelor's degree in relevant discipline.

Experience:

– 4 to 6 years of experience in relevant discipline.

Special Skills & Knowledge:

– Strong analytical and problem-solving skills with a data-driven approach.

– Excellent communication, interpersonal, and collaboration skills.

– Ability to work independently and manage multiple projects simultaneously.

– Proficient in Microsoft Office Suite and financial modelling software (a plus).

Business Understanding:

– This position requires a medium-high level of business understanding

ADDITIONAL QUALIFICATION /CERTIFICATION REQUIRED

– NA

HEALTH, SAFETY AND ENVIRONMENT

– This position follows all the HSE procedures as set by the company

KEY COMPETENCIES

– As specified in Job Competency Profile
WORK ENVIRONMENT
– This position enjoys working in a comfortable airconditioned office