Overview
Cards Product Management Specialist role at PayTech Group. Role is based in Riyadh, Saudi Arabia (on-site). 12 months with potential extension. Job Details
Job title :
Cards Product Management Specialist Term :
12 months (with potential extension) Client location :
Riyadh, Saudi Arabia (on-site) Division :
Retail Banking / Cards & Payments Reports to :
Head of Cards & Payments Purpose of the Project
The Cards Product Management Specialist is responsible for driving the strategic development, commercialization, and lifecycle management of card products. This includes overseeing product launches, optimizing portfolio performance, managing vendor relationships, and ensuring compliance with regulatory standards. The role aims to enhance customer engagement, profitability, and operational efficiency across the card business, aligning with the consumer banking strategy and focusing on the whole bank value beyond card launches and ongoing product management. Key Activities
Lead the design and rollout of innovative card products tailored to market needs. Define product value propositions (CVPs) and pricing strategies. Collaborate with cross-functional teams (marketing, sales, operations, compliance) to ensure successful product launches. Guide and support in executing strategies aimed at generating revenue through products in alignment with consumer banking strategy. Support the commercialization of new products, including pricing recommendations, sales tools, and training to ensure knowledge transfer with acquisitions. Support profit and growth for cards, including revenue, credit costs, and direct / allocated costs. Manage product management for cards, audit, compliance matters, and complaints support. Provide guidance and support to client-facing professionals and sales teams to solve complex client needs through products. Support sales teams with training, tools, and product knowledge to drive acquisition and usage. Recommend promotional campaigns and tactical plans to boost card performance. Monitor product performance post roll-out and resolve product or sales issues for continuous improvement. Support in delivery of large programs for clients from initiation to benefit realization. Execute projects across different clients / businesses, identify and mitigate risks, and adjust scope / objectives to maximize value while meeting timescales, budgets, and quality criteria. Develop strong client relationships and serve as a go-to resource for client staff. Identify new business opportunities to support clients with Mastercard solutions. Manage integration with card processing systems, switches, and vendors; provide technical support for card applications and resolve operational issues. Ensure seamless delivery of regulatory changes and compliance adherence. Qualifications and Experience
Bachelor’s or Master’s degree in business, Finance, Marketing, or related field. Strong understanding of card payments, processing systems, and regulatory environments. 6 to 8 years of proven experience in product development, portfolio management, and cross-functional collaboration. Excellent analytical, communication, and stakeholder management skills. Mandatory Requirements
Experience of product launches, CVP development, SAMA regulations knowledge. Knowledge of cards (Debit, Credit and Prepaid) profitability and key metrics. KPIs
Sales and Acquisition growth Spend, ENR and Revenue growth from card products Number of successful card launches and time to market Reduction in credit costs and profitability optimization Successful execution of marketing campaigns Customer satisfaction and superior customer experience Timely and effective product roll-out and commercialization
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Product Specialist • Riyadh, Saudi Arabia