Head of Products - UK Banking

Hybrid Role - 1 day a week in London

Role purpose

The Head of Products within this growing Shariah-compliant challenger bank will be responsible for leading on the Bank's product strategy and ensuring the Banks offering achieves its financial targets, responsible banking obligations and growing ethical position. This strategy is across both retail and commercial, and the role holder will be managing a team of Product Managers to achieve these goals.

Key responsibilities

• Lead on:
  • Product strategy / improvements, working collaboratively with key internal stakeholders and external partners.
  • Development of innovative new propositions.
  • Customer engagement, journeys, and outcomes.
  • Regulation management / product policies and procedures.
  • Industry insight and management information.

• Work closely with the Chief Customer Officer to embed a consistent approach to product management across the Bank.
• Investigate new market opportunities and strategic partnership opportunities.
• Active member of the Bank's senior leadership team; establishing strong internal relationships with teams across the Bank including the Executive team, Treasury, Finance, Risk and Compliance to ensure business targets are achieved. Play a leading role in the Customer team - work collaboratively with colleagues in our Commercial teams, Marketing and Communications to ensure that our products are promoted effectively.
• Bank representative and spokesperson on our products for homebuyers, landlords and savers.
• Member of the Asset & Liabilities Committee (ALCO) - providing strategic oversight on business/market activity.
• Establish and maintain strong relationships with industry groups such as UK Finance and the Intermediary Mortgage Lenders Association (IMLA).
• Brand ambassador for the Bank speaking at external events.
• Lead your team by role modelling values and behaviours. People managers are responsible for completing all colleague life cycle activities such as recruitment; performance review process: providing input and encouraging colleague development with a focus on values, behaviours; wellbeing and to promote and enhance colleague engagement. People managers are also expected to adhere to all policies and procedures and ensure their team function effectively.

Skills required

• Extensive knowledge of the UK banking market, experience of developing products and managing the full end to end lifecycle across a number of business areas in a regulated environment.
• Flexible and innovative, providing strong, appropriate solutions that are fit for purpose.
• Ability to negotiate with service providers.
• Customer focussed.
• Excellent communication and presentation skill - experience in writing business cases for senior approval i.e., ExCo, ALCO, Board
• Attention to detail.
• Ability to work autonomously.

Beneficial skills, Knowledge, and experience:

• Experience/understanding of Islamic Finance.
• Industry trade body engagement / participation.

About the company -

• Founded in 2007, they are a challenger bank that operates in accordance with Shariah principles, and are one of the fastest growing banks of their kind in the UK.
• They offer personal and corporate savings products and finance for UK residential and commercial property, in addition to sourcing and advising on UK real estate investments.

Additional Details

They offer highly attractive reward package; the typical benefits include:

• 25 days holiday entitlement increasing with service
• Pension Plan
• Private Medical Insurance
• Dental Cover * Income Protection
• Life Assurance
• Employee Referral Bonus Our client is an equal opportunities employer and positively encourages applications from suitably qualified and eligible candidates regardless of sex, race, disability, age, sexual orientation, gender reassignment, religion or belief, marital status, or pregnancy and maternity