Lead Product Design (NIPL)

Posted Yesterday
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Mumbai, Maharashtra, IND
In-Office
Entry level
Fintech • Payments • Financial Services
The Role
Lead the strategy, roadmap, delivery, and profitability of a UPI cross-border remittance product. Responsibilities include developing business requirements, operating processes, risk controls, product documentation, governance, fraud operations, testing, launches, stakeholder communications, and continuous process improvement. The role partners with technology, compliance, risk, operations, legal, finance, business teams, vendors, audit, and project management to increase revenue, reduce losses, improve customer experience, and optimize product margins.
Summary Generated by Built In
• Create and deliver a business model for UPI – Cross Border Remittances product as well as ensure a competitive product design. • You will own the remittance product roadmap execution/delivery and help us accelerate growth into new business segments. • Create business requirement document as well as define and document business and operational processes, audit system changes, support governance and fraud operations. Ensure a robust process creation and execution to ensure risk controls of all types • Create and deliver competitive proposition across sales process tools, systems • Ownership for driving overall product P&L and optimization of the P&L by controlling costs and improving product margin • Ensure creation of product documents and operating rules and regulations for the clients • Internal engagement across Tech, Compliance, Risk, Operations, Legal, Finance and Business teams. The position will work closely with various departments and vendors to maintain best in class Remittance product and drive optimization in the NIPL Digital remittance product offerings • Responsible for driving revenue, decrease loss and improving customer experience • Support new product launches with detailed and regular communication to stakeholders • Gather information on current business, technical, and functional processes from industry experts and thoroughly document business processes and requirementActively work with the project management team to complete detailed business requirements, assesses impacts of projects, and ensure key tasks are incorporated to project plans. • Overall Project management and execution including initiating and planning. Engage in project releases and user acceptance testing • Lead projects to identify control gaps and support continuous process improvement. Works closely with internal audit and stakeholders to conduct reviews to ensure controls are maintained and SLA’s are achieved • Ensure functional testing and proper processes are in place to minimize exceptions • Provide accurate and timely communication to stakeholders What you will need to succeed • Proven ability to work cross-functionally, collaborate, influence and work as part of a team

Skills Required

  • Proven ability to work cross-functionally and collaborate across teams
  • Ability to influence stakeholders and work effectively as part of a team
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The Company
HQ: Mumbai, Maharashtra
2,124 Employees
Year Founded: 2005

What We Do

NPCI is an umbrella organisation for all retail payment systems in India. It was set up with the support & guidance from Reserve Bank of India (RBI) & Indian Banks Association (IBA). A registered company under Section 8 of the Companies Act, 2013. Watch the NPCI Corporate AV - https://youtu.be/RGl9YQ6CB20 Products & Services Unified Payments Interface Unique payment solution which empowers a recipient to initiate the payment request from a smartphone. It facilitates 'virtual payment address'​ as a payment identifier for sending & collecting money & works on single click 2 factor authentication. Immediate Payment Service A 24X7, real time, cost effective, independent channel, retail payment service, introduced by NPCI, empowering customers to transfer money instantly with banks & RBI authorised PPIs across India. RuPay Robust card scheme designed to offer payment products with superior features & processes specifically designed to cater to diverse consumer needs. *99# USSD based mobile banking platform that makes banking services accessible to all the bank account holders on their mobile phones. National Automated Clearing House Centralised payment system developed with an aim to consolidate multiple ECS systems running across the country & provide a framework for the removal of local barriers/inhibitors. Aadhaar Enabled Payment System Bank led model which allows online financial inclusion transactions at micro-ATMs through the business correspondent of any bank using the Aadhaar authentication. e-KYC Electronic way of conducting authentic & real time KYC of a customer using Aadhaar authentication. Cheque Truncation System Electronic image of the cheque is transmitted to the drawee bank by the clearing house, along with relevant information. National Financial Switch Facilitates routing of ATM transactions through inter-connectivity between its member institutions thereby enabling the citizens of the country to utilise any ATM of a connected entity

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