Lead Product Design

Posted Yesterday
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Mumbai, Maharashtra, IND
In-Office
Junior
Fintech • Payments • Financial Services
The Role
Lead global UPI product strategy and development for NIPL, including product customization, portfolio management, P&L optimization, partner agreements, stakeholder relationships, market and competitor analysis, business cases, regulatory approvals, operating rules, SLAs, and cross-functional coordination across risk, compliance, operations, channel, and business teams.
Summary Generated by Built In
About NIPL NIPL is building huge acceptance network for RuPay and UPI which will help Indian travelers pay with these payment channels in destination country of travel. With the evolution and growth of NIPL network, any Indian travelling to any country across the globe will be able to use our products. NPCI - Group is an Equal Opportunity Employer. At NPCI -Group, we are committed to fostering an inclusive workplace and have zero tolerance for any form of discrimination based on race, ethnicity, disability, gender identity, and the LGBTQ+ Community. To learn more about our company please click on below link About NIPL Our Culture The "NPCI WAY’ - Our Guiding Principles is enable to foster a culture of Inclusion, Innovation, and High-performance workplace. It reflects our commitment to evolving business needs, dynamic market conditions, and workforce expectations by leveraging our strengths. Five Tenets of NPCI WAY is more than a set of principles; but it’s a commitment of every individual. 1) Forward Thinking Mind-Set 2) Customer First 3) Lead With Purpose 4) Passion to Deliver 5) All Succeed together Employee Perks and Benefits  Insurance Benefits: Comprehensive coverage including medical, accidental, and life insurance  Employee Assistance Program : onsite medical centre, financial and legal counselling, mental wellness  Parental & Childcare Support: Benefit from daycare support and comprehensive parental leave for both maternity and paternity journeys.  Mobility Benefits: Support for relocation, transfers, and travel policies.  Home Loan Interest Support: Receive up to 50% interest reimbursement to make home ownership more affordable.  Mobile Reimbursement: Get a new mobile handset reimbursement every 2 years.  Retirement Benefits: Contributions to Provident Fund (PF), Gratuity  Education Partnerships: Access prestigious education programs to enhance your skills and industry knowledge through collaborations with renowned academic institutions.  Reward and Recognition Program  Employee Innovation- Patents and IP Rights* Policy  Other Benefits: car lease*, salary advance policy and subsidized meals. Why Join Us You embark on a journey to create meaningful impact in the fast-paced world of digital payments. We offer a platform to work on cutting-edge projects, giving you the opportunity to see your contributions shape the future of payments on a global scale. Life at NPCI NPCI news The opportunity You will be responsible for the planning and implementing strategies for UPI globally for NIPL. You will also support the Head of Product Management in identifying, investigating and assessing growth opportunities for NIPL relating to product development. Technical, functional or operational expertise relating to payments domain will be an added advantage. Job details  Job Title: Lead/Senior Associate/ Associate - Product Design  Years of Experience : 2+  Education : Graduation/ Post Graduation  Full-time  Location :Mumbai  Permanent Role Key responsibilities Product Development  Draft and closure of complex, win-win partner agreements  Manage the day-to-day relationships with internal & external partners  Ensure standardizations of processes, documentation and creating product value proposition.  Product Design and Customization to cater to diverse markets  Product Portfolio Management –identifying areas of improvement, Ownership for driving overall product P&L and optimization of the P&L by controlling costs and improving product margin. Analysis/Insights  Research and Assessment on country specific Retail Payments Industry  Competitor Profiling -assessment of the strengths and weaknesses of current and potential competitors.  Develop business cases, taking into strategy, financial & business analysis and synergies  Identify need for, procure and manage outside knowledge on as needed basis  Obtaining necessary Regulatory and Board approvals  Assist in drafting of Operating Rules and Regulations for upcoming Network arrangements in respective geography  Setting up SLA’s between internal stakeholders with respect to various aspects of the product.  Interdepartmental liasoning of Risk & Compliance, Central Operations, Channel and Business teams for driving product efficiently Key skills and experience required  A self-starter with an ability to zoom-in to work in the details & manage at a high level simultaneously  Energetic, flexible, collaborative and proactive  A creative problem solver, with excellent analytical, judgment, negotiation & conflict resolution skills  Proven track record of translating strategic thinking into action plans and results  Strong leadership, communication, decision making and networking skill to build relationship with internal as well as with external stakeholders  Eager to drive results: target oriented with sense of urgency

Skills Required

  • 2+ years of professional experience
  • Graduation or post-graduation degree
  • Strong analytical, judgment, negotiation, and conflict-resolution skills
  • Strong leadership, communication, decision-making, and networking skills
  • Experience managing internal and external stakeholder relationships
  • Ability to translate strategic thinking into action plans and results
  • Payments domain technical, functional, or operational expertise
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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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