Senior Associate NACH Product

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 Following are Accountabilities and expected Major activities associated with the respective accountabilities A ) Team & Project management Following are Major Activities as part of the Team & Project management

1. Define processes, ensure execution and ongoing governance.
2. Write operational policies
3. KPI management
4. End-to-end product delivery B) Products Following are Major Activities as part of Product management
5. Process re-engineering to identify any bottlenecks or required improvements in existing process
6. Automation projects to eliminate manual dependency
7. Collaborate and communicate product road map, project status
8. Conceptualization and implementation of new products C).

Requirements

gathering & Onboarding Following are Major Activities as part of the Requirements gathering & Onboarding

1. Review of approach documents and sign off
2. Perform UAT with the agreed TAT
3. On-boarding of banks / corporates / govt. departments to NACH / its related services like Mandates, API Services
4. Managing relationship with top banks, govt. departments & corporates and resolving issues / challenges / any other queries raised by banks or govt. depts. or corporates Following are Product responsibilities: Product Conceptualization: To Understand market, customer trends, opportunities, user and bank / ecosystem pain points, how to differentiate regulatory understanding Product Design: Design Thinking, agile approach, customer experience Product Development: Design & document tech specification and test cases Product Go Live: Identifying pilot study and ensuring product success. Product Commercialization: Drive users, value, volume, ecosystem as well as Collaborate with Relationship Managers to drive the product objective Good to Have Skills – Exposure to AI for building Products, Data Intelligence etc. And, Ability to understand and translate technical concepts such as APIs, integrations, AI models, and data-driven decisioning Why Join NACH? Opportunity to shape one of India’s largest payments ecosystem High-visibility role with end-to-end product ownership Opportunity to work with leading banks, fintechs, technology partners, govt. institutions and regulatory bodies Strong platform for career growth in payments and product leadership