📍 Karachi | 📅 Posted: March 27, 2026 | ⏰ Apply By: April 27, 2026
Job Details
| Industry | Banking/Financial Services |
| Job Type | Full Time/Permanent |
| Location | Karachi |
| Experience | 5 Years |
| Apply By | April 27, 2026 |
Job Description
Faysal Bank Ltd seeks a detail-oriented Product Manager to lead the development and management of Priority Banking and Wealth Management products. This role demands a strong understanding of retail banking offerings such as deposits, investments, takaful, and bundled propositions, coupled with in-depth knowledge of Islamic banking principles, Shariah governance, and State Bank of Pakistan regulatory standards. The Product Manager will guide a team of two members, fostering collaboration across departments to drive innovative, customer-centric financial solutions. This position requires expertise in product design, pricing strategies, profit and loss management, and process optimization to maintain competitive and compliant product lines in a dynamic market.
Key Responsibilities
- Conduct thorough market research and analysis to evaluate Priority Banking and Wealth Management products available locally and internationally to identify gaps and growth opportunities.
- Develop strategic inputs and recommendations for new wealth propositions, partnerships with asset managers, takaful providers, and investment platforms to strengthen the bank’s product portfolio.
- Use customer insights, relationship manager feedback, and portfolio analytics to design, refine, or rationalize Priority Banking and Wealth Management product offerings.
- Translate strategic objectives into detailed product plans encompassing business requirements, functional specifications, and implementation roadmaps to ensure practical execution.
- Manage the end-to-end lifecycle of Priority and Wealth products, including product structuring, obtaining Shariah and regulatory approvals, system configuration, testing, and managing controlled market launches.
- Perform periodic market surveys assessing pricing competitiveness, service standards, and market positioning within the Priority and Wealth banking segments.
- Collaborate with Service Quality and Customer Experience teams to identify and resolve recurring customer issues and enhance overall customer satisfaction.
- Oversee product pricing and manage profit and loss to ensure the financial viability and profitability of product lines.
- Ensure strict compliance with governance standards, regulatory requirements, and internal policies throughout the product development and management process.
- Coordinate with cross-functional teams including marketing, legal, finance, and operations to ensure seamless product rollouts and sustained product performance.
- Lead and mentor a team of two professionals, providing guidance, performance feedback, and support to achieve team and departmental objectives.
- Utilize data analysis and reporting tools to monitor product performance, gather actionable insights, and recommend enhancements or process improvements.
- Maintain up-to-date knowledge of regulatory changes and Islamic banking principles to promptly adapt product strategies and maintain compliance.
- Drive innovation by staying informed about emerging trends in retail banking and wealth management to continuously improve product offerings.
- Facilitate effective communication and stakeholder management to secure buy-in, monitor project progress, and address any risks or challenges promptly.
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