Product Manager – Cash Management – Government Business

Hiring for: A leading private sector bank in India, offering a wide range of banking and financial services to corporate, retail, and institutional clients.

Role: Product Manager – Cash Management – Government Business

Positions: 1

Experience: 6 to 10 years

Location(s): Prabhadevi, Mumbai

Type: On-site / Permanent

Salary: Up to INR 20 LPA

Job Summary / Job Purpose

·      The role will be primarily responsible for managing and growing Government Payment businesses, with a strong focus on PFMS-led government payment ecosystems, including IFMS / SBMS models, DBT-based scheme disbursements, NACH-based bulk payments.

·      The position involves end-to-end product ownership for Government Payment products—covering conceptualization, approval, implementation, commercialization and performance monitoring—with extensive coordination across Technology, Solution Delivery, Operations, Sales, Implementation teams, regulators, and external ecosystem partners.

·      The role will also ensure regulatory compliance, operational excellence, and profitability while supporting large-scale Government mandates.

Main Responsibilities / Accountabilities / Tasks

·      Own PFMS‑led Government payment products, including DBT disbursements, vendor payments, pension/subsidy/scheme payments, and integrations with IFMS / SBMS systems.

Product Management

• Conceptualize, design, and enhance existing and new Government Payments products to meet evolving Government requirements.
• Drive product approval, modification and PPAC processes, coordinating with Internal Approvals, Risk, Compliance, Operations, and Technology teams.
• Design solutions incorporating:
• PFMS APIs / file-based integrations
• NACH (Credit/Debit) for bulk and recurring payments
• DBT payment rails and beneficiary validation mechanisms.

Stakeholder & Ecosystem Management

·      Work closely with CMS RMs, Government coverage teams, Operations, IT, Solution Delivery, vendors

Sales Support & Commercialization

·      Support Sales and Coverage teams with  solutioning, feasibility assessments, and deal closures.

·      Drive commercialization through training, sales enablement and product awareness initiatives.

·      Support end‑to‑end implementation of Government payment mandates, including onboarding, system setup, and go‑live support.

·      Monitor and report throughput, transaction volumes, revenues (fees/float), vendor costs, and mandate profitability.

·      Maintain MIS and performance dashboards for management reporting.

·       Support new initiatives and ad‑hoc assignments to scale PFMS business.

Compliance, Controls & Governance :

• Ensure strict adherence to regulatory guidelines, PFMS advisories and internal Bank policies.
• Proactively identify and mitigate operational, regulatory, and financial risks related to Government payment flows.
• Ensure profitability of mandates by monitoring pricing, vendor costs, and processing expenses.

Academic Background - Postgraduate/ MBA

Overall Working Experience in number of years: Minimum 6-10 years of experience

Relevant Working Experience in number of years: Minimum 3-5 years of experience in Cash Management Product(Govt.)

Skills & Competencies required

· Experience in PFMS‑based Government payment operations, including DBT, IFMS / SBMS, and large‑volume transaction handling.

· Working knowledge of NACH (Credit/Debit) and bulk payment frameworks.

· Exposure to Government departments, PSUs, Treasuries, or scheme‑based payment models.

· Strong stakeholder management, analytical, and coordination skills.