Job Requirements
Job Title: Product Approval Committee Practitioner
Department/Function: Risk

Job Purpose:
The Product Approval Committee (PAC) Practitioner is responsible for ensuring that all recent product launches and modifications across the Bank comply with internal governance standards and Reserve Bank of India (RBI) regulatory requirements. The role oversees end‑to‑end PAC operations, enabling effective governance, risk assessment, and strategic decision-making for product approvals and lifecycle management. This position ensures timely coordination among cross-functional stakeholders, maintains robust documentation and compliance monitoring, and drives continuous improvements in PAC processes to uphold the Bank’s product governance framework.

Roles & Responsibilities:
Responsible for ensuring all new product launches and modifications, adhering to the internal policy and Reserve Bank of India regulations.
To ensure effective governance, coordination, and execution of the Product Approval Committee (PAC) for the Bank.




This role acts as an executioner in managing committee operations, ensuring compliance with regulatory and internal guidelines, risk management and facilitating strategic decision-making, related to product approvals and lifecycle governance.
Assist to organize and convene regular PAC meetings to review, approve or reject new product launches / material modification to existing products in alignment with the scheduled timelines.
Ensure approvals from all the relevant stakeholders are obtained for product offerings placed in the Committee, includes both new and existing modifications
Maintain accurate records of discussions, decisions, and action items in compliance with RBI and internal governance standards.
Prepare a draft update on the Products to the Board on a quarterly basis
Liaise with the relevant stakeholders as applicable, viz., product owners, risk, compliance, legal, finance, IT and operations teams to collate inputs for PAC deliberat

📌 Product Approval Committee Practitioner (Mumbai)
🏢 IDFC FIRST Bank
📍 Mumbai