Head of Retail Product

Job Description

Title: Head of Retail Product

Company Name: Standard Islami Bank PLC.

Vacancy: --

Age: 30 to 50 years

Job Location: Anywhere in Bangladesh

Salary: Negotiable

Experience:

• At least 8 years
• The applicants should have experience in the following business area(s): Banks

• Masters
• Bachelor/Honors

• At least 8 years
• The applicants should have experience in the following business area(s): Banks

• Age 30 to 50 years

• No third class/division in any academic record.

• Minimum 8 years of progressive experience (FAVP to SVP level) in Retail Banking and Product Management with a reputed commercial bank, preferably in a Head of Retail Products or equivalent role.

• Senior-level banking professional with a proven track record in end-to-end retail product management, with deep functional knowledge of retail deposit, loan and card products.

• Experience in product design and development, pricing, and launching new retail products in line with market needs.

• Experience in building strategic partnerships with corporate, merchants and other institutions to support product growth.

• Experience in Retail product development and market strategies.

Product Strategy & Development:

• Develop and implement the retail product strategy, aligned with the bank’s business goals, to drive sustainable growth in both assets and liabilities.

• Design, launch and enhance retail products across deposits (CASA, Term Deposit, DPS, Payroll, Student and Women Banking), loans (Personal, Auto, Home, SME-retail) and cards.

• Study market trends, competitor offerings and customer needs in Bangladesh to identify opportunities and strengthen the value proposition.

• Re-engineer existing products to improve profitability, competitiveness and customer experience.

• Develop pricing, fee structures and product programs that balance market share, margin and cost.

Product Management & Performance:

• Own the full product lifecycle, from concept and approval to launch, review and discontinuation.

• Monitor product performance, profitability and portfolio quality, and take corrective action where needed.

• Prepare product programs, process flows and SOPs, and keep them updated.

• Work with Sales, Digital Banking, Marketing and Operations to drive product uptake across branches and channels.

• Develop partnerships with corporate, merchants and other institutions to support product growth.

• Support digital and alternative channel strategies for product delivery and customer acquisition.

Risk, Compliance & Governance:

• Ensure all products comply with Bangladesh Bank regulations, applicable laws, internal policies and approved risk parameters.

• Obtain required approvals before product launches and changes.

• Work closely with Credit Risk Management, ICC, Compliance, Legal and IT.

Team Leadership & Reporting:

• Lead, mentor and develop the Retail Products team.

• Prepare regular reports on product performance, market insights and competitor analysis.

• Present performance and recommendations to Top Management/SMT.

• Provident fund,Mobile bill,Credit card,Gratuity
• Festival Bonus: 2

• Boishakhi Bonus

• Furniture Allowance