About this role
Job Pupose: The Vice President, Product for Business Loans will manage the complete lifecycle of our business loan products, ensuring profitable growth and market adoption. This role requires a professional with a deep understanding of market dynamics, customer needs, and financial acumen to define product strategy, oversee development, and ensure successful market integration. A key focus will be on government-backed loan schemes, particularly Mudra loans. The role will collaborate extensively with Credit Risk, Platforms, Marketing, Sales, and Operations teams to deliver innovative and customer-centric business loan solutions. Key Accountabilities:
• Product Strategy & Definition (Business Loans):
• Define the strategy and roadmap for business loan products, aligning with overall business objectives. • Identify target segments for business loans, including micro and small enterprises, and develop compelling value propositions. • Conduct market research, including analysis of competitor business loan offerings and government-backed schemes like Mudra loans, to inform product positioning and strategy. • Develop and implement pricing strategies for business loan products to optimize sales volume and profitability. • Create business cases for new business loan product proposals, securing internal approvals.
• Collaboration with Credit Risk:
• Partner with credit risk teams to define and refine underwriting policies and processes for business loans, balancing risk and market competitiveness, with specific attention to Mudra loan guidelines. • Integrate credit risk considerations into all stages of business loan product development. • Contribute to underwriting strategies across the business loan portfolio, including specific sub-segments for Mudra loan beneficiaries.
• Partnership with Platforms & Technology Teams:
• Work with platform teams to define system requirements for business loan products, ensuring successful setup and integration. • Drive process improvements and collaborate with technology teams to maintain a business loan product roadmap aligned with corporate objectives.
• Go-to-Market & Performance Management:
• Develop and deliver go-to-market launch plans for business loan products. • Monitor and improve the performance of business loan products, including volume, revenue, and profit forecasts. • Gather customer feedback to inform continuous product enhancement. Qualifications :
• Masters degree in business management, finance, or a related field. • Proven experience in product management within business loans, including strategy definition, pricing, and market launch. • Strong understanding of credit risk considerations and underwriting policies specific to business loans. • Demonstrated in-depth knowledge of government-backed loan schemes, with a particular emphasis on Mudra loans. • Experience collaborating with technology and platform teams for system setup and integration. • Excellent communication, interpersonal, and influential skills. • Strong analytical and problem-solving abilities. DBS India - Culture & Behaviors:
• Drive performance through Value Based Propositions • Build pride and passion to protect, maintain and enhance DBS' image and reputation • Enhance knowledge base, build skill sets & develop competencies • Invest in team building & motivation through ideation & innovation • Execute at speed while maintaining error free operations • Develop a passion for performance and grow the talent pool • Maintain the highest standards of honesty and integrity
Location: Regional Office Mumbai Job: Product Management Schedule: Regular Employee Status: Full time