Prudential’s purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and we support our people’s career ambitions. We pledge to make Prudential a place where you can Connect, Grow, and Succeed.
The Head of Product is responsible in overall product ideas and research, planning, approval, development and implementation as well as ensuring profitability in line with regional requirements and consistent with the financial objectives set for PruBSN products.Key Responsibilities;
- To formulate, drive and monitor the Product strategic action plans so as to ensure that all initiatives put in place are being implemented effectively and efficiently.
- To lead the Product Development initiatives, overseeing the product development cycle based on the planned product calendar and ensuring the development process is in compliance to PCA and BNM product development standards.
- Obtain product approval from relevant parties internal and external including from the regulator (BNM), PCA, Shariah and Product Steering Committee
- Developing product marketing capabilities via research, development of customer centric products, enabling distribution channels to market product effectively to the right customers with value propositions
- To provide overall leadership for the division in developing continuous capabilities, skills and knowledge via active staff engagement and development programs for the entire product division
- To ensure full compliance with all relevant anti-money laundering laws, codes, rules regulations and standards of good practice, including the Group’s Money Laundering Prevention Policy and Standards with which PruBSN is required to comply.
- Responsible for identifying the risk in the department / activities under his/her control and to ensure there are adequate controls. More specifically, the incumbent will:
- Ensure that risks are identified and evaluated and that the controls in place to mitigate such risks are robust, adequate and operate effectively
- Develop action plans and ensure timely completion. Where necessary, the Risk Committee may ask for such action plans from time to time
- Escalate key risks to the local risk committee
- Manage incidents and identify remedial actions where necessary on a timely basis.
Qualification and Experience :
- Tertiary education in any field. Preferred field: Actuarial Science/Marketing/Life Insurance Marketing
- Experience: 10 years in Industry with managerial role in Actuarial Services or Product Development.
- Knowledge in Product Development Processes
- Knowledge in Shariah Application to Takaful or Islamic Finance
- Experience in dealing with Shariah Committee members of Islamic Financial Institutions
- Passing Professional Examinations or Islamic Finance Certification is an advantage
Prudential is an equal opportunity employer. We provide equality of opportunity of benefits for all who apply and who perform work for our organisation irrespective of sex, race, age, ethnic origin, educational, social and cultural background, marital status, pregnancy and maternity, religion or belief, disability or part-time / fixed-term work, or any other status protected by applicable law. We encourage the same standards from our recruitment and third-party suppliers taking into account the context of grade, job and location. We also allow for reasonable adjustments to support people with individual physical or mental health requirements.
Skills Required
- Tertiary education in any field
- 10 years of industry experience in a managerial role in actuarial services or product development
- Knowledge of product development processes
- Knowledge of Shariah application to takaful or Islamic finance
- Experience dealing with Shariah Committee members of Islamic financial institutions
- Actuarial Science, Marketing, or Life Insurance Marketing educational background
- Professional examinations or Islamic Finance certification
What We Do
In Asia and Africa, Prudential has been providing familiar, trusted financial security to people for 100 years. Today, headquartered in Hong Kong and London, we are ranked top three in 12 Asian markets with 18 million customers, around 68,000 average monthly active agents and access to over 27,000 bank branches in the region. Prudential is focused on opportunities in the most exciting growth markets in Asia and Africa. With access to over 4 billion people in both these regions, we are investing in broadening our presence and building our leadership in the life and asset management markets. We are committed to making a positive impact on our customers, our employees and our communities by delivering the best savings, health and protection solutions to people so they can get the most out of life. Visit our websites for more information Prudential plc: https://www.prudentialplc.com/ Prudence Foundation: https://www.prudentialplc.com/en/prudence-foundation







