Product Development Director
4 weeks ago
Job Summary
The Head of Product Development will lead the development of insurance and wealth management products for Manulife Financial Advisers. This role will be responsible for positioning Manulife as a leading financial adviser by managing product strategies and propositions to achieve business targets.
Key Responsibilities
- Manage relationships with internal business partners and external third-party providers to ensure competitive products and business terms.
- Report the development of Wealth Management plan numbers and delivery, and provide oversight of sales, income, and product targets.
- Manage the risks and controls for the insurance and wealth management business within the agreed risk appetite.
Product Due Diligence & Product Research
- Conduct competitive market, product, and distribution information updates.
- Present and recommend changes to product offerings at Product Committee meetings.
- Conduct comparisons on product and compensation, and communicate product positioning and key features and benefits.
Wealth Platform
- Ongoing review of all investment products on the Approved Funds List to ensure information is kept up-to-date and accurate.
- Creating and maintaining Recommended List based on different asset classes, sectors, and regions to meet clients' needs.
Product Launch
- Manage the whole end-to-end process of product due diligence to product launch.
- Take a key role in Product Committee to ensure smooth launch of products.
Product Trainings
- Liaise with Manulife Business Academy team to organize new product/fund launch trainings.
- Conduct induction training and facilitate presentations and educational training as and when required.
Business Relationships
- Main liaison officer with providers for products and sponsorships.
Special Projects
- Handle projects in compliance with regulatory/industrial guidelines involving changes to product summary, benefit illustration, etc.
Governance and Compliance
- Member of Disciplinary and Balanced Score Card (BSC) Appeal Committee.
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