AVP - Product Development - Foreign Remittances (10-20 yrs)

3 weeks ago

Anywhere in IndiaMultiple Locations iimjobs Full time

The job :


You will be responsible building remittance product including the planning and implementation of product strategies for UPI-Cross Border Remittances product globally.


You will also support the Head of Product Management in identifying, investigating and assessing growth opportunities for organization's relating to product development.

This role requires specialized experience in Remittances including knowledge of FEMA and RBI regulations.

What you'll do Analysis/Insights :

  • Research and Assessment on country specific centralized domestic remittances as well as cross border remittances.
  • Competitor Profiling -assessment of the strengths and weaknesses of current and potential competitors.
  • Develop business cases, taking into strategy, financial & business analysis and synergies.
  • Identify need for, procure and manage outside knowledge on as needed basis.
  • Dive deeply into priority initiatives across many domains and partner with relevant internal/ external groups to ensure executional excellence.

Product Development:

  • Create and deliver a business model for UPI
  • Cross Border Remittances product as well as ensure a competitive LRS and Retail FX product proposition.
  • You will own the remittance product roadmap execution/delivery and help us accelerate our growth into new markets.
  • Create business requirement document as well as define and document business and operational processes, audit system changes, support governance and fraud operations. Ensure a robust process creation and execution to ensure risk controls of all types
  • Create and deliver competitive proposition across sales process tools, systems
  • Ensure creation of product documents and operating rules and regulations for the clients
  • Internal engagement across Compliance, Risk, Operations, Finance and Business teams. The position will work closely with various departments and vendors to maintain best in class Remittance product and drive optimization in the Digital remittance product offerings
  • Responsible for driving revenue, decrease loss and improving customer experience
  • Support new product launches with detailed and regular communication to stakeholders
  • Conduct interviews to gather current business, technical, and functional processes and thoroughly document existing business processes and requirement
  • Actively work with the project management team to complete detailed business requirements, assesses impacts of projects, and ensure key tasks are incorporated to project plans.
Overall Project management and execution including initiating and planning. Engage in project releases and user acceptance testing

  • Lead projects to identify control gaps and support continuous process improvement. Works closely with internal audit and stakeholders to conduct reviews to ensure controls are maintained and SLA's are achieved
  • Ensure functional testing and proper processes are in place to minimize exceptions
  • Provide accurate and timely communication to stakeholders What you will need to succeed:
  • Proven ability to work crossfunctionally, collaborate, influence and work as part of a team.

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