Senior Product Manager - Islamic Banking

About the role

Mashreq Bank of Pakistan is looking for a Senior Product Manager for Islamic Banking. The role manages, governs and optimises Islamic Banking pricing pools across multiple currencies and business lines, including Individual Banking and Business Banking products. It covers the full lifecycle of pools such as Mudarabah, Equity and Treasury pools, and acts as the main link between Treasury, Finance, Business, Technology, Operations and Shariah Governance teams.

Key responsibilities

• Manage end-to-end pricing pools, including Mudarabah, Equity and Treasury pools, and future Shariah-compliant investment and profit-sharing pools, ensuring accurate asset, liability and funding allocation.
• Set pool weightages, profit-sharing ratios and pricing parameters, monitor performance and ensure accurate profit calculation and distribution.
• Lead the setup of new pools, define business requirements, coordinate with Technology and Operations, run impact assessments and support testing and launch.
• Manage deposit and investment pricing frameworks, work with Treasury on profit rates and recommend pricing changes based on pool performance and market conditions.
• Act as business owner of the Pool Management Systems, defining requirements for enhancements, automation, controls and reporting, and drive UAT and defect resolution.
• Ensure compliance with Islamic Banking regulations, Shariah Governance requirements, AAOIFI standards (where applicable) and central bank rules, and manage internal, external, regulatory and Shariah audits.
• Support Product Owners in product structuring, testing and launch, and contribute to product innovation and customer value propositions.
• Act as the main liaison between Treasury, Finance, Technology, Operations, Product Teams, Business and Personal Banking, and Shariah Governance, Compliance and Risk.

Required profile

• Minimum 7-10 years of banking experience, with at least 4-5 years in Islamic Banking.
• Proven experience in Mudarabah pool management and Islamic Banking pricing methodologies.
• Experience managing Islamic deposit and investment products.
• Hands-on experience in product implementation, testing and system enhancements.
• Experience working with Treasury, Finance and Technology teams, and with regulatory, Shariah and audit requirements.