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Product Development Team Lead
2 weeks ago
The Product Development Group Manager oversees multiple teams through other managers, requiring in-depth understanding of how their sub-function contributes to achieving the objectives of the function. A good understanding of the industry, direct competitors' products and services is also necessary to contribute to the commercial objectives of the business.
They need a thorough understanding of the strategic direction of the function within the relevant part of the business, combined with a solid conceptual/practical grounding in both the function and/or area of expertise and related subject areas. Excellent communication skills are required to negotiate internally, often at a senior level. Some external communication/negotiation may be necessary.
Responsibilities:- The Product Development Group Manager is responsible for all activities related to the development of new products and/or features and functionality of products including developing business cases, requirements definition (BRDs), product enhancements innovation, feature and functionality definition based on market and industry research and trends and client needs.
- This role will also lead innovation strategy, define and manage product development processes, scope product releases, identify new opportunities to address business priorities, incorporating regulatory and compliance requirements and investment tracking.
- Sets strategic vision with team and functional partners to encourage creative and strategic thinking from team.
- Develops 3-5-year product strategy and execution roadmap with a transformational change plan.
- Drives customer segmentation, product positioning, pricing and marketing plans for each client segment.
- Develops an inorganic growth strategy, if relevant, through partnerships, alliances and strategic product development to capture a greater share of global market.
