VP- Head Digital Innovations/ API banking:
- Quotient Consultancy
- 15 - 24 years
- Mumbai
- 4 years ago
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Job Description
Product Head : for Digital Innovation and API banking with the largest private bank: Mumbai
Preferred to hire from Banking sector, Product organisations with the below exp:
Experience Required
Minimum experience in years 15 yrs
Exposure in Innovation, product management is must
Technical API banking
-Business acumen to handle API banking, empower the journey
-large ecosystem, managing partner to start selling product
- design, develop, leverage tech platform
- Banking product acumen
-Deeper understanding of technicality in APIs
-how to develop APIs
Grade: VP
CTC: upto 56 lacs
Interested candidates with the relevant exp pl do share your resume with Deepaa on qu*********1@gm**l.com
Job Purpose
- Building digital innovation capabilities (People, Processes & Project pipe-line) across verticals
i. Digital Innovation
ii. API Banking
iii. Fintech Partnership
iv. AI Banking
- This is to take Bank far ahead of competition & cement Bank's position as the most digitally innovative bank
- Draw a strategy and roadmap that will position Bank with best-in-class Digital Banks
- Evaluating global best practices in the banking domain and check the feasibility of launching it in Bank
- Generate innovation ideas across the bank's verticals, assess feasibility, create concepts from ideas and drive execution & implementation of the same
- Enhance customer experience, save cost, generate incremental revenue, enhanced security, strategic brand positioning
- Get buy-in from all business stakeholders and required approvals from internal teams like ISG, Audit, Risk, Compliance, legal, IT, operations
- Drive Emerging Technologies covering IOT, RPA, Telephony and other new age technologies.
- Create a Partnership ecosystem by involving Accelerators, Educational Institutes, Sovereign backed Innovation centres to tap the innovations at the early stage by tying up with start-ups
- Ideate New APIs and driving operational excellence to create new APIs, drive new business opportunities for existing APIs of the bank. Driving operational excellence for the existing APIs
- Managing a team and delivering innovative and strategic concepts with key focus on digital banking products & services
- Build and nurture a talent pool of strategic innovators who excel in Product and Process Innovation, Growth Strategies, Customer Experience, Risk Management, Social Media etc
- Work with group companies and innovate by collaboration
- Establish use of AI in various customer facing as well as backend functions
- Drive usage and adaptation and Live Innovation projects
Advancing Banks digital innovations in the Online Space.
Draw a strategy and roadmap that will position Bank with best-in-class Digital Banks
- Research emerging technologies, innovations and latest product/process improvement launches in BFSI sector, and generate actionable ideas / concepts related to these upcoming technologies
- Leverage these findings to implement digital solutions for existing challenges being faced by internal customers (employees) and external customers
- Competition benchmarking Evaluating global best practices in the banking domain and check the feasibility of launching it in Bank
Planning and executing new Product/Process development to
- Enhance customer experience
- Save cost
- Generate incremental revenue
- Enhanced security
- Strategic brand positioning
Log concepts & get approval for innovation ideas through competitor benchmarking, technology research etc.
- Co-ordinate with different teams like BTG/IT, Audit, ISG, Compliance, Legal, Business and ensure their approvals for product launch and execution
- Collaborate with technical resources, privacy, security and business stakeholders to ensure timely and accurate product
- Evaluating new ideas, converting at least into concepts after approval from internal teams like ISG, Audit, Risk, Compliance, legal, IT, operations.
Creating new revenue streams for the existing APIs
Explore new revenue streams for the existing API with in the bank Eco system to ensure end users get the benefit to reach out large customer base at lower cost.
- Roll out a process note for every such API along with the stake holders.
Ensure complete handholding / onboarding of the consuming party onto the platform
API access fee Fee per txn, subscription fee, onboarding fee etc.
Drive new business opportunities for existing APIs of the bank.
Driving Operational Excellence for the existing APIs
- Identifying business implications for each API (strategies & Priorities)
- Work out new business strategy for the existing API for consumers /other teams within the bank.
- Developing prioritized list of existing APIs with internal/external value propositions based on,
- Direct monetization
- Product impact - Operational readiness
- Work with internal product groups to Driving Operational Excellence for the existing APIs
Partnerships & Alliances
Group-wide collaboration
- To Partner with top Engineering and MBA institutes to get hold of innovation by fintech startups at the very initial stage of their journey.
- Conduct live research projects with the institutes
- Manage Innovation Summits - Invite FinTech companies and startups in BFSI domain; to present their products/solutions to Bank and explore partnership opportunities.
- Partner with top Accelerators, Incubation centres globally
- Create tracking and engagement methodology for continues engagement with partners
- Responsible for increasing the scope and output of the Fintech Partnership vertical
- Work with group companies and innovate by collaboration
Drive usage and adaptation and Live Innovation projects
- Driving the usage and adoption of all live innovation projects including cross sell @ PoS, EVA, BankOnChat, WhatsApp Banking etc
- Training the branch staff to increase adoption of the product
- Regular tracking of the product usage through reports and MIS and publish the same
- Initiate and manage all Communication & Design related activities with marketing like providing content, providing creative briefs, review creatives etc
- Regular tracking of the product usage through reports and MIS and publish the same
- Regular monitoring of the Product uptime and ensure that downtime issues are resolved at the earliest
AI Banking - Product & Platform Development
- Design and develop new features on Banks AI Banking properties like EVA, WhatsApp Banking, CB App, BankonChat etc.
- Work with corporate banking to implement AI based solutions
- Work with BTG & IT to ensure timely completion of all projects
Co-ordinate with external vendors and partners for new feature walk through and implementations
Teamwork / Cooperation
- Distribute the relevant knowledge within the team as and when required.
- Maintain good relationship with superiors, peers and subordinates.
Collaboratively drive the projects towards completion
Job Classification
Industry: Banking, Financial Services, BrokingFunctional Area: IT Software - eCommerce, Internet Technologies,
Role Category: Programming & Design
Role: Programming & Design
Employement Type: Full time
Education
Under Graduation: Any Graduate in Any SpecializationPost Graduation: Any Postgraduate in Any Specialization
Doctorate: Doctorate Not Required, Any Doctorate in Any Specialization
Contact Details:
Company: Quotient ConsultancyLocation(s): Mumbai
Keyskills: Digital innovation Digital banking API Operational Excellence Social Media Artificial Intelligence Brand Positioning New Business Risk Management Banking Products Emerging Technologies Customer Experience Risk Compliance
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