Job Description

Introduction

Through our client-facing brands and our other specialist brands, Momentum Group enables business and people from all walks of life to achieve their financial goals and life aspirations.



We help people grow their savings, protect what matters to them and invest for the future. We help companies and organisations care for and reward their employees and members. Through our own network of advisers or via independent brokers and utilising new platforms Momentum Group provides practical financial solutions for people, communities and businesses.

Disclaimer

As an applicant, please verify the legitimacy of this job advert on our company career page.

Role Purpose

As a Senior Product Specialist within Momentum Wealth Management, you will be responsible for designing, managing, and implementing Momentum Wealth's local product solutions, pricing structures, and platform capabilities. Your work will support our South African affluent and high-net-worth client base, as well as both independent and tied financial advisers.

Requirements

Qualifications:

A B.Com degree in Finance or Actuarial Sciences or a related degree is required.
A CFA designation or an actuarial background is essential.

Experience:

A minimum of 5 to 10 years of experience in financial services with at least 4 years' experience in platform/product enablement-related or product development role.
The ability to interrogate, balance the varying views of stakeholders and think critically are key skills that are required.
Ability to work with cross-functional teams is critical.

Knowledge:

Experience and in-depth knowledge of the LISP (platform) industry, including regulatory landscape (Regulation 28, Pension fund Act, etc, Long-term insurance Act), products, pricing, etc.
Understands how the business operates, what the key issues and risks are that drive business success, and how they impact the commercial viability of potential ventures and the profitability of the Group

Duties & Responsibilities

Design and develop product solutions (Internal Process):

Design product solutions that can support clients and advisers in achieving their goals and that are future-fit from a business perspective.
Ongoing management of the Momentum Wealth local platform capability solutions set, which can support clients and advisers across all advice segments.
Maintain a core role in the implementation of products and changes from a system and experience perspective.
Contribute to the positioning, marketing and roll-out of initiatives.
Consider solutions holistically from a regulatory, compliance, and financial perspective and understand the impact on various areas of the business.
Analyse and research opportunities in the market to develop new products or streamline existing product offerings.
Assist in implementing the strategic initiatives of the business.
Keep abreast of market and regulatory changes and opportunities afforded by these changes.
Keep updated on the state of competitor products and pricing models.
Monitor the experience of existing solutions as an early indicator of success/warning of changes required.
Provide input into analysis and business insights.
Present solutions and proposals to governance forums, including product management committee, Manco, Excos, etc, as required.
Content specialist of internal client and adviser documentation including Terms and Conditions, statements, client letters etc.

Engage with clients in a client-centric manner (Client Services):

Provide authoritative expertise to clients and stakeholders.
Build and maintain relationships with clients and internal and external stakeholders.
Make recommendations to improve client service and fair treatment of clients within the area of responsibility.
Participating in and contributing to a culture which builds rewarding relationships, facilitates feedback and provides exceptional client service.

Self-management and teamwork (People):

Develop and maintain productive and collaborative working relationships with peers, clients and stakeholders.
Positively influence and participate in change initiatives.
Continuously develop own expertise in terms of professional, industry and legislation knowledge.
Contribute to continuous innovation through the development, sharing and implementation of new ideas.
Take ownership of driving career development.
Effectively manage time and ensure optimal productivity.
Ensure technical product and legislative knowledge is always current to propose the most relevant and innovative client solutions and comply with governance requirements.
Be self-confident, self-motivated and relentlessly pursue targets and goals.

Contribute to financial controls and planning (Finance):

Identify solutions to enhance cost effectiveness and increase operational efficiency.
Provide input into the risk identification processes and communicate recommendations in the appropriate forum.

Competencies

Product Design & Development:
Regulatory & Compliance Knowledge
Market & Competitor Analysis
Stakeholder Engagement
Commercial & Financial Acumen
Critical Thinking & Problem Solving
Communication & Presentation Skills