Senior Associate NACH Product

Role: Sr. Associate NACH Product

Experience: 3+years

Preferred Industry Exp: Banking / Fintech

Educational Qualification-

Essential:UG: - B.Tech/BE

Location: Mumbai

Job Purpose:-

1.Gathering and prioritizing product requirements, requirement analysis, working with development teams for implementation using agile methodology

2.Conceptualization and implementation of new products

3.Collaborate and communicate product road map, project status and issues to relevant stakeholders

4.Develop clear visualizations of complicated business processes and ambiguous business requirements

5.Responsible for product management and end-to-end project delivery

6.Convening and handling steering committee meeting and workgroup meeting with stakeholders.

7.Define processes, ensure execution and ongoing governance

8.Write operational policies

9.Implementation of strategic operational continuous improvement

Team & Project management

1. Define processes, ensure execution and ongoing governance.

2. Write operational policies

3. KPI management

4. End-to-end product delivery

Products

5. Process re-engineering

6. Automation projects to eliminate manual dependency

7. Collaborate and communicate product road map, project status

8. Conceptualization and implementation of new products

Requirements & Onboarding

1. Review of approach documents and sign off

2. Perform UAT with the agreed TAT

3. Onboarding of banks / corporates / govt. departments to NACH / its related services

4. Managing relationship with top banks, govt. departments & corporates

Functional Skills

ØKnowledge on NACH and CTS

ØKnowledge on other payments systems like UPI, IMPS, AePS will be added advantage

ØMS office

ØCommunication skills

Product responsibility:

ØProduct Conceptualization: Understand market, customer trends, opportunities, user and bank / ecosystem pain points, how to differentiate regulatory understanding

ØProduct Design: Design Thinking, agile approach, customer experience

ØProduct Development: Design & document tech specification and test cases

ØProduct Go Live: Identifying pilot study and ensuring product success.

ØProduct Commercialization:

üDrive users, value, volume, ecosystem

üCollaborate with Relationship Managers to drive the product objective

ØMust Have –

üExposure to AI for building Products, Data Intelligence etc.

üAbility to understand and translate technical concepts such as APIs, integrations, AI models, and data-driven decisioning

Why Join NACH?

ØOpportunity to shape one of India’s largest payments ecosystem

ØHigh-visibility role with end-to-end product ownership

ØOpportunity to work with leading banks, fintechs, technology partners, govt. institutions and regulatory bodies

ØStrong platform for career growth in payments and product leadership