<p><strong>Job Title</strong>: Head of Product<br /> <strong>Department</strong>: Product Management<br /> <strong>Location</strong>: Mumbai, India<br /> <strong>Reports to</strong>: Chief Executive Officer (CEO)<br /> <strong>Type</strong>: Full-Time</p> <h3><strong>Job Summary</strong></h3> <p>The Head of Product at Bank of India Mutual Fund will be responsible for leading the overall product strategy, development, and management of the mutual fund product portfolio. The role involves working closely with internal stakeholders such as sales, marketing, compliance, and the investment team to ensure alignment with business goals, market demands, and regulatory requirements. The successful candidate will play a critical role in driving product innovation, optimizing the product mix, and enhancing client engagement to fuel business growth.</p> <h3><strong>Key Responsibilities</strong></h3> <ol> <li> <p><strong>Product Strategy and Development</strong></p>

<ul>
	<li>Lead the development of a comprehensive product strategy in line with the company&rsquo;s vision, market trends, and client needs.</li>
	<li>Drive new product development, product innovation, and enhancements to existing mutual fund schemes.</li>
	<li>Identify gaps in the current product portfolio and propose solutions to address market demand.</li>
</ul>
</li>
<li>
<p><strong>Product Lifecycle Management</strong></p>

<ul>
	<li>Manage the entire lifecycle of mutual fund products, including ideation, design, launch, performance analysis, and phase-out.</li>
	<li>Collaborate with the investment team to align product strategies with market dynamics, risk management, and performance objectives.</li>
	<li>Ensure ongoing compliance with SEBI regulations and guidelines.</li>
</ul>
</li>
<li>
<p><strong>Market Research and Competitive Analysis</strong></p>

<ul>
	<li>Conduct in-depth market research and competitor analysis to identify new opportunities and trends in the mutual fund industry.</li>
	<li>Build product strategies based on client segmentation and investor behavior insights.</li>
</ul>
</li>
<li>
<p><strong>Stakeholder Collaboration</strong></p>

<ul>
	<li>Partner with sales and marketing teams to develop effective go-to-market strategies, distribution plans, and marketing campaigns.</li>
	<li>Work with operations, compliance, and legal teams to ensure smooth product launches and adherence to regulatory requirements.</li>
</ul>
</li>
<li>
<p><strong>Client Engagement and Relationship Building</strong></p>

<ul>
	<li>Engage with key institutional and retail clients to understand their investment needs and align the product suite accordingly.</li>
	<li>Build and nurture relationships with distributors, financial advisors, and other external partners to drive product adoption.</li>
</ul>
</li>
<li>
<p><strong>Leadership and Team Management</strong></p>

<ul>
	<li>Lead and mentor the product management team, fostering a culture of innovation and accountability.</li>
	<li>Set team goals, monitor performance, and ensure alignment with organizational objectives.</li>
</ul>
</li>

</ol> <h3><strong>Key Qualifications</strong></h3> <ul> <li><strong>Educational Background</strong>: MBA, CFA, or equivalent advanced degree in Finance, Economics, or related field.</li> <li><strong>Experience</strong>: Minimum 12-15 years of experience in mutual fund product management, with a proven track record of leading product innovation and development.</li> <li>Strong understanding of mutual fund products, including equity, debt, and hybrid schemes.</li> <li>Thorough knowledge of SEBI regulations and other regulatory frameworks governing mutual fund operations.</li> <li>Excellent leadership, communication, and interpersonal skills.</li> <li>Strong analytical abilities with a data-driven mindset to inform product decisions.</li> <li>Ability to work in a dynamic, fast-paced environment and drive cross-functional collaboration.</li> </ul> <h3><strong>Preferred Skills</strong></h3> <ul> <li>Expertise in investor segmentation, behavioral insights, and digital innovation in mutual fund products.</li> <li>Experience working with institutional and retail clients in the mutual fund or asset management space.</li> <li>Ability to lead and inspire a high-performing team and foster a culture of innovation.</li> </ul> <h3><strong>Compensation</strong></h3>