Assistant Manager Product Development

  • Competitive
  • Kuala Lumpur, Malaysia Kuala Lumpur Kuala Lumpur MY
  • Permanent, Full time
  • HSBC Bank (M) Berhad
  • 24 Jun 18 2018-06-24

Assistant Manager Product Development

Job Description - Assistant Manager, Product Development
Some careers have more impact than others.

If you're looking for a career where you can make a real impression, join HSBC and discover how valued you'll be. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.

HSBC Amanah Takaful (INMY) leverages the HSBC Group's international experience and expertise in Islamic finance to offer a wide range of innovative and accessible Family Solidarity and General Takaful products to both consumers and corporate customers throughout Malaysia.

We are currently seeking an ambitious individual to join our Amanah Takaful team in the role of Assistant Manager Product Development.

Principal responsibilities
Reporting to the Product Development Manager, this role is responsible for the development and launching of products for the Family Takaful business and General Takaful business. This includes:

  1. Contributing to the development of Family Takaful and General Takaful product strategies that
    • Are in line with HSBC Amanah Takaful (Malaysia) Berhad (INMY) business directions; and
    • Maximizes growth and profitability through introduction of new or enhancement of existing products to support the distribution channel, RBWM (both HBMY and HBMS).
  2. Understanding customer needs, identifying market opportunities and translating these into new/enhanced product offerings to strengthen INMY's competitive position and to support business targets.
  3. Leading the implementation of product development guidelines & procedures to ensure that compliance with Group's guidelines and appropriate pre- & post-implementation product reviews are in place. This includes ensuring Product Development Manual is updated with the latest Group and Regulatory Guidelines.
  4. Monitoring market developments by conducting market research on product information and recommending tactical product market positioning & possible product enhancement.
  5. Reviewing product features of existing Family, General Takaful and conventional products in the market to benchmark INMY's proposition.

This role is critical for building sound foundations for INMY's product range for the local Takaful/Insurance market. He will need to work closely with stakeholders of INMY to ensure that effective product propositions are in place to support new business opportunities.

Qualifications
Requirements
  • Five to ten years' relevant working experience
  • Bachelor's degree in any field
  • An expert in product development and propositions
  • Possesses broad-based knowledge of the Takaful business and Shariah practices
  • Possesses strategic and innovative thinking - able to recommend creative products to maximize long-term business growth
  • Possess strong commercial thinking and business acumen
  • Strong verbal and written communication skills - must be able to communicate effectively both internally with all levels of management and externally with competitors
  • Excellent interpersonal skills - required to manage RBWM stakeholders
  • Excellent judgment and decision-making skills - able to make business-aligned and timely decisions