Product Manager-Government Business-TASC-Government Business-Product Manager
Summary
Product Manager for government business at Kotak Mahindra Bank, leading product development and strategy for government-related financial services.
- Own the end-to-end product lifecycle for Agency Business solutions, including State Tax Collections, Direct and Indirect Tax Payments, RBI Bonds, Pension Products, and other Government Banking offerings.
- Drive product strategy and execution through ideation, business case development, requirement gathering, solution design, implementation, launch, and commercialization.
- Serve as the central coordination point across Business, Technology, Operations, Compliance, Risk, Legal, Regulatory Authorities, Government Departments, RBI, and external partners to ensure successful product delivery.
- Identify market opportunities, customer requirements, regulatory developments, and industry trends to design innovative, scalable, and customer-centric product solutions.
- Collaborate with Government Bodies, Regulatory Authorities, RBI, and partner institutions to facilitate implementation of new initiatives and business opportunities.
- Own product performance metrics, including adoption, penetration, transaction volumes, revenue generation, fee income, CASA contribution, profitability, and portfolio growth.
- Partner with Business Units to expand tax collection business, enhance customer acquisition, and increase transaction volumes across existing and new government relationships.
- Work closely with Marketing, Analytics, CVM, Sales, Operations, and Service teams to drive customer engagement, product awareness, usage, and business growth.
- Develop and execute product roadmaps, digitization initiatives, and enhancement plans to improve customer experience, operational efficiency, and scalability.
- Monitor product performance through MIS, dashboards, and analytics, generating actionable insights to optimize business outcomes.
- Lead customer engagements, product demonstrations, workshops, and strategic presentations, while providing subject matter expertise during onboarding and implementation.
- Support customers and internal stakeholders on product-related queries, implementation challenges, and service requirements.
- Lead UAT, process validation, rollout planning, user training, and post-implementation stabilization for new products and enhancements.
- Ensure adherence to RBI regulations, Government guidelines, internal policies, and governance standards applicable to Agency Banking products.
- Drive risk and control activities, including RCSA, risk assessments, control monitoring, audit readiness, and closure of observations arising from regulatory, statutory, and internal audits.
- Conduct Root Cause Analysis (RCA) for incidents, identify process gaps, and implement corrective and preventive actions to strengthen controls and customer experience.
- Manage stakeholder communication effectively, influence decision-making, and ensure alignment across business, technology, operations, and regulatory teams.
- Demonstrate complete ownership of assigned products from concept to revenue realization, with accountability for business growth, customer experience, operational excellence, compliance, and P&L performance.
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