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Product Manager-Retail FX/Remittances at IDFC FIRST Bank — Mumbai

Experience3–5 yrs
SalaryNot disclosed
Work modeonsite
Levelmid
Posted10 Sept 2026

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About IDFC FIRST Bank

IDFC FIRST Bank is hiring in Mumbai in financial services. This role looks for around 3+ years of experience.

Skills

retail FX and remittance products
cross-border payment systems
RBI guidelines
FEMA regulations
AML/KYC
Microsoft Excel
Microsoft PowerPoint

The role

A product manager at a retail banking and payments company defines retail FX and remittance products, applies cross-border payment systems and AML/KYC, and optimizes digital payment platforms and APIs. Regulatory product strategy spans customer experience, transaction growth, automation, and compliance.

Full job description

Job Requirements

Key Responsibilities

Product Lifecycle Management

Define and execute the product roadmap for retail FX and remittance services.

Drive product enhancements based on market trends, customer insights, and competitive analysis.

Ensure seamless integration of new features and digital capabilities.

Strategic Development & Optimization

Develop strategies to increase engagement, conversion, and transaction volumes.

Identify opportunities for process automation and cost optimization.

Implement initiatives to improve customer experience and reduce turnaround time.

Compliance & Risk Control

Ensure strict adherence to the RBI, FEMA. AML/KYC and other regulatory guidelines.

Conduct periodic compliance reviews and risk assessments.

Implement regulatory changes promptly in coordination with legal, risk and compliance teams.

Cross-Functional Collaboration

Work closely with Operations, Technology, BI, and Marketing to deliver innovative solutions.

Partner with external vendors and payment networks for product enhancements.

Performance Monitoring & Reporting

Track product performance against defined KPIs.

Prepare dashboards and reports for senior management with actionable insights.

Required Skills & Competencies:

Strong knowledge of retail FX and remittance products (Inward, Outward, Forward).

In-depth understanding of cross-border payment systems, RBI guidelines, FEMA regulations, AML/KYC norms.

Analytical and data-driven approach with ability to interpret BI dashboards.

Excellent communication, stakeholder management, and problem-solving skills.

Proficiency in MS Excel, PowerPoint; familiarity with digital payment platforms and APIs is a plus.

Qualifications & Experience:

Education

Graduate in Finance/Commerce/Economics; MBA / PGDM preferredStrong knowledge of cross-border payment systems, RBI guidelines, FEMA regulations, AML/KYC norms.

Experience

Minimum3-5+ yearsof relevant experience in Retail FX, Remittances, or Product Management within the BFSI sector.Key Performance Indicators (KPIs):Business Growth - Transaction volume and revenue growth.Customer Experience - Customer satisfaction (CSAT) and Net Promoter Score (NPS).Operational Metrics – Average TAT for remittance transactions & Error rate in transaction processingZero regulatory breaches and timely compliance updates.Digital adoption rate and process efficiency improvements.Team development and training completion rates.