
Senior Associate,Product Manager
2 weeks ago
Business Function
As the leading bank in Asia, DBS Consumer Banking Group is in a unique position to help our customers realise their dreams and ambitions. As a market leader in the consumer banking business, DBS has a full spectrum of products and services, including deposits, investments, insurance, mortgages, credit cards and personal loans, to help our customers realise their dreams and aspirations at every life stage. Our financial solutions are not only the best in the business – they were made just right for you
Job Purpose
We are seeking a highly motivated and experienced Product Manager – FCNR Deposits with Forward Cover to drive growth and innovation in our NRI deposit portfolio. The role requires expertise in foreign currency deposits, hedging/forward cover mechanisms, and the ability to act as a bridge between business, treasury, compliance, and technology teams.
The Product Manager will be responsible for the end-to-end product lifecycle: design, regulatory compliance, pricing, customer value proposition, sales enablement, and performance monitoring
Job Duties & Responsibilities
- Product Development & Management
- Own and manage the FCNR (Foreign Currency Non-Resident) Deposit product with forward cover
- Develop product strategy, pricing models, and customer value propositions in line with market dynamics
- Ensure smooth execution of forward cover/hedging mechanisms for depositors in partnership with Treasury
- Continuously monitor market trends, regulatory changes, and competitor offerings to keep the product competitive
- Stakeholder Management
- Work closely with Treasury to design and structure forward cover solutions
- Liaise with Compliance, Legal, and Risk teams to ensure adherence to RBI guidelines, FEMA regulations, and internal policies
- Partner with Technology teams to digitize the booking, renewal, and forward cover processes for enhanced customer experience
- Enable and train Relationship Managers, NRI banking teams, and frontline staff to market the product effectively
- Customer & Business Focus
- Identify NRI customer segments and design targeted campaigns to promote FCNR with forward cover
- Improve customer acquisition, retention, and cross-sell opportunities
- Act as a subject matter expert (SME) for NRI deposit products in customer and partner interactions
- Performance Management
- Monitor product performance across deposits mobilized, spreads, cover utilization, and profitability
- Provide regular MIS, analytics, and dashboards to senior management
- Recommend tactical and strategic changes to drive business growth
Requirements
- 6–12 years of experience in banking with exposure in Product Management / Treasury / NRI Banking
Education / Preferred Qualification
- MBA
Core Competencies
- Strong knowledge of FCNR deposits, NRI banking regulations, FEMA/RBI guidelines
- Understanding of currency forwards, and hedging instruments
- Excellent stakeholder management and cross-functional collaboration skills
- Strong communication, presentation, and training capabilities
Primary Location
India-Maharashtra-Regional Office Mumbai
Job
Product Management
Schedule
Regular
Job Type
Full-time
Job Posting
Aug 28, 2025, 10:30:00 AM
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