Assistant Manager – Meethaq Retail Asset Products at Bank Muscat

Vienna, , Austria -

Full Time

Start Date

Immediate

Expiry Date

12 Jul, 26

Salary

0.0

Posted On

13 Apr, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Islamic banking, Retail asset products, Product development, Strategic planning, Market intelligence, P&L management, Stakeholder management, Sharia principles, Data analytics, Leadership, Sales, Training, Presentation skills, Communication, Risk management

Industry

Banking

Description

Job Title Assistant Manager – Retail Asset Products Department Meethaq Islamic Banking – Bank Muscat Location Bank Muscat Head Office, Oman Reporting to Unit Head – Retail Assets & Cards Main Role (Overall accountability): Assist the Unit Head- Retail Assets & Cards in the development of new and management of all existing Islamic Retail Asset products within the framework and regulation approved by the Central Bank of Oman. Principal Accountabilities: The Assistant Manager – Retail Asset Products will be responsible for the following: * Managing the asset products business in all its aspects (Policies & Procedures, TAT, Acquisition process, etc.) Develop new products to have the best Product Mix targeting all segments in the market based on potential prospects. * To develop, execute and manage retail product & innovation strategy and tactical business plan considering the market opportunity / growth potential, competitor activity, existing capabilities and risk appetite. * To assess, analyse, define, recommend, implement and follow up market intelligence and marketing plans to meet the Islamic bank’s strategic objective. * Coordinate with all stakeholders to obtain all required approvals (Management, Products approval and Review Committee, Shari'a supervisory Board, Central Bank of Oman, Operations, IT, etc.). * Manage the product Portfolio and all elements related to the P&L in order to optimize revenues and achieve the annual budgets. * Design and develop new products, offerings, benefit, promotions and campaigns in order to create maximum attraction, acquisition and retention. * Manage/provide all training course and refresher courses related to all products for new and existing staff including branches, call canter, operation and other support teams. * Drive the acquisition plans for all products across all channels and put a coherent acquisition strategy in place. * Manage all relationships with internal and external stakeholders. * Develop and manage product acquisition and marketing strategies across all the channels (Branches, e-branches, sales outlets, malls read shows, ATMs, on-line, direct marketing, pre-approved programs, unique sales blitz at multiple intervals, cross sell to financing customers). * Oversee all admin works such as vendor registration, development of on boarding policies, solving issue, customer requirement etc. * Run frequent programs and offerings to increase loyalty and periodical campaign targeting new acquisition while making use of any events, occasions, or seasonality offerings. * Build a solid & robust MIS and Data Analytics capabilities to submit and conduct monthly reviews with management for the complete P&L of all products. * Strengthen product positioning and proposition to make Meethaq asset products the products of 1st choice in the mark. Personnel Specifications: The Successful Applicant will possess the following qualification: * University degree with a minimum 5-7 years in the field of Retail finance products. * At least 5 years of work experience in the retail business of an Islamic bank. * Full understanding of key success factors for secured and unsecured retail assets. * Full knowledge of developing of products, coming up with campaigns, policies and procedures, risk factors, TAT, benefits, and attractions, customer experience and life cycle management. * Well versed with Sharia related principles and requirements * High level of English communication skills. * Leadership and sales skills. * Coaching & training skills. * Good communication and presentation skills. * Self Starter.

Responsibilities

The Assistant Manager will develop and manage Islamic retail asset products while ensuring compliance with Central Bank of Oman regulations. They are responsible for driving product acquisition strategies, managing P&L, and coordinating with internal and external stakeholders to achieve business objectives.