Product Manager Bancassurance Job Careers – Barclays Bank UK



Organisation: Barclays Bank UK
Duty Station: Kampala, Uganda
Reports to: Head, Products & Analytics
About Barclays UK:
Barclays
is a British multinational banking and financial services company headquartered
in London. It is a universal bank with operations in retail, wholesale and
investment banking, as well as wealth management, mortgage lending and credit
cards. It has operations in over 50 countries and territories and has around 48
million customers. As of 31 December 2011, Barclays had total assets of US$2.42
trillion, the seventh-largest of any bank worldwide.
Job Summary: The Product Manager Bancassurance will support
Barclays Bank in the following;
  • Development and responsibility for the Ban
    assurance acquisition strategy.
  • Responsible for the Banc assurance profit and
    loss.
  • Management, monitoring and development of
    Banc assurance business.
  • Support the sales teams in the administration
    of Banc assurance strategy.
  • Responsible for project governance &
    control and timely processing of payments/claims.
  • Frequently monitor competitor landscape and
    take action to keep BBU ahead of competition.
  • Apply need based product development and
    selling approach through the channel programs.
  • Ensure TCF principles are embedded in all the
    channel and portfolio actions.
  • Continuously review E2E processes to ensure
    customer experience is good making BBU the “Go To Bank”.
  • Implementation of governance, risk,
    compliance and control in line with Barclays group policies
Key Duties and Responsibilities: 
1. Product &
Proposition Development / Management: 60%
  • Ensure P&L and Portfolio management in
    line with financial targets and within TCF.
  • Stimulate acquisitions, x-sell and up sell
    activity via innovative campaigns and contests
  • Ensure all new products and channel
    enhancements comply with compliance and regulatory guidelines (both
    internal and external related) and NAPA process
  • Take lead and conduct market research and
    competitive scan to understand other players channel offerings
  • Determine the right action in order attract
    and retain banc assurance products
  • Make pricing decisions over products.
  • Ensures review and escalation if required, of
    project / program Risks and Issues.
  • Responsible for monitoring activities and
    ensure compliance with laid down Program standards and procedures.
  • Conduct legal and regulatory assessment as
    required
  • Give necessary notices to local
    government/regulators and public of channel changes.
  • Review and feedback into customer
    satisfaction surveys, responding to customer complaints.
  • Work closely with People Development and
    Sales Management functions to design and deliver appropriate training, and
    give input into sales strategies.
  • Obtain the necessary sign-off for change
    requests
  • Maintain and update the Insurance library
    regularly and Ensure all documentation is correctly configured
2. Team/People Management
& Contribution to the team: 15%
  • Oversee the banc assurance team to achieve
    Retail Business objectives through focused Product activities, providing
    regular feedback to the team on their performance.
  • Build and develop a high performing team
    through embedding performance development and coaching.
  • Discuss and finalize performance Development Plans
    and ratings for Direct reports
  • Determine and manage Training Needs analysis
    and succession plans direct reports and ensure they do the same for all
    their staff.
  • Effective resource management/planning that
    reflect current and future business requirements.
  • Provide team support where required
  • Provide honest, direct and constructive
    feedback to fellow team members
  • Share knowledge experience and best practice
    with team members and other Retail colleagues.
3. Operations and
Technology and Service: 15%
  • Work closely with / support and ensure timely
    delivery from Change, Operations & Technology teams for development of
    processes, infrastructure, and IT capability.
  • Facilitate design and delivery of new product
    training
  • Provides support to outlets and other
    functions on insurance issues
  • Interact regularly with internal service
    providers (e.g. Operations, KYC Helpdesk, insurance companies) to ensure
    fast and efficient service to customers (both internal and external
    customers)
  • Manage all aspects of policy claims,
4. Risk, Governance and
Regulatory 10%
  • Ensure that all activities and duties are
    carried out in full compliance with regulatory requirements, Enterprise
    Wide Risk Management Framework and internal Barclays Policies and Policy
    Standards. Understand and manage risks and risk events (incidents)
    relevant to the role.
  • Interface with the Risk & compliance
    function at the country Head Office to achieve the desired results.
  • Initiate and regularly update plans for
    reduction of provisions/impairment. This role is directly accountable for
    the quality of the debtors’ book for Retail.
  • Accountable for compliance and control for
    all BBU Banc assurance products.
  • Prepare Product monthly review covering
    sales, financials and expenses, productivity, promotions etc.
  • Ensure Governance, Compliance, Risk and
    Control are implemented and adhered to meet Group Standards by Centre.
    Staff at all levels to be clear on what is expected of them. Any new
    regulatory or Group requirements are to be implemented and reviewed
  • Obtain regulatory approvals on tariffs.
  • Ensuring business adherence to laid down
    claims SLA’s.
Qualifications, Skills and Experience: 
  • The applicant for the Barclays Bank UK Product
    Manager Bancassurance job placement should at least hold a Business degree
    or relevant experience
  • Previous experience in leadership of a
    diverse/ large team
  • Insurance experience
  • Broad knowledge of the Bank’s products,
    services and policies and/or other specialist knowledge required to
    undertake the role:
  • Working knowledge of the specific retail
    product set and service
  • Broad knowledge and understanding of the
    retail network business processes and operating procedures.
  • Good understanding of risk policy
  • Broad understanding of the local competitor
    market.
  • Personal Traits: Respect, Integrity, Service, Excellence,
    Stewardship, Assertiveness, Tenacity, Personable, Accuracy and attention
    to detail
How to Apply:
If
you feel challenged by any of the above positions, and believe you can deliver
on key deliverables as outlined above, upload your application letter, current
curriculum vitae and photocopies of academic certificate to our recruitment
website detail below:
Barclays
is an equal opportunity employer that recruits, develops and promotes people on
merit, and rewards outstanding performance, regardless of background and
gender.
For
queries contact us on 0417122453 or email: barclays.uganda@barclays.com
Deadline:  6th May,
2016
For
more of the latest jobs, please visit https://www.theugandanjobline.com
or find us on our facebook page https://www.facebook.com/UgandanJobline

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