Senior Financial Service Manager (Banking)

at  Y Recruit

Centurion, Gauteng, South Africa -

Start DateExpiry DateSalaryPosted OnExperienceSkillsTelecommuteSponsor Visa
Immediate30 Dec, 2024Not Specified05 Oct, 20248 year(s) or aboveStrategy,Customer Experience,Business Intelligence Tools,Savings,Oversight,Product Management,Leadership,Budgeting,Competitive Landscape,Presentation Skills,Project Planning,Cx,InvestmentNoNo
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Description:

JOB OVERVIEW

  • Date Posted: Posted 1 month ago
  • Location: Centurion
  • Job Title: Senior Financial Service Manager (Banking)
  • Salary: R120,000
  • Education Level: Bachelors Degree
  • Job Level: Management
  • Minimum Experience: 8 - 10 Years

REQUIREMENTS:

  • A post -graduate degree / MBA
  • A qualification in strategy, leadership, business Management, or Credit management will be an advantage.
  • 5 to 8 years of experience in banking product management (Lending and Savings and investment), with at least 2 years in a leadership role
  • Proven track record of successful product launches and market success
  • Strong understanding of the financial sector and competitive landscape
  • Excellent communication, interpersonal, and presentation skills
  • Ability to lead and manage cross-functional teams effectively.
  • Strong analytical and problem-solving skills
  • Experience with Agile development methodologies.
  • Data analysis skills and experience with business intelligence tools
  • Strong understanding of customer experience (CX) best practices
  • Highly proficient at project planning, budgeting, and oversight.

Responsibilities:

Management and Business Planning:

  • Strategically link activities to business objectives, prioritising the products functions and ensure the effective implementation of strategies for areas of responsibility.
  • Align approved functional strategies to overall business strategy.
  • Develop and ensure the effective implementation of functional business plans Identify key social, political, and societal issues and implement strategies to meet the challenges.
  • Participate towards Exco, Exco Committees and Exco decisions for the effective planning of the Group’s activities.

Lead the Financial Service business unit:

  • Develop, recommend for approval an own product vision and roadmap aligned with Group’s goals and market trends.
  • Formulate a comprehensive short to long-term products strategy for the approval of the Business Development Director for the Group.
  • Define product success metrics and track progress towards achieving them against the strategy and set goals.
  • Oversee the mangers and specialist in the structure’s to ensuring product performance, market acceptance and revenue targets by ensuring that product performance and acceptance measured revenue targets.
  • Build the Lending and Investment structure ensuring that it is fit for purpose to deliver the Group objectives under the guidance of the Business Development Director.
  • Give input to the Business Director to secure executive approvals for product strategy and resource allocation
  • Implement approved innovation projects that will increase revenue streams profitably.
  • Assess, develop business cases and recommendations for considerations to Exco, including business partnerships for the enhancement of the Lending and Savings and investment products.
  • Manage new business generating initiatives under Lending and Investment and their implementation
  • Maximise revenue growth for the product portfolio by implementing strategic objectives.
  • Drive market share gain or customer acquisition targets through the applicable teams.
  • Manage product satisfaction and retention rates by monitoring against set objectives and target.
  • Lead the development of commercially sound optimal business.
  • Ensure that the initiative’s performance metrics meets the required return on investment.
  • Manage stakeholders expectation at different levels to identify areas of innovation and growth and implement successful ideas. Engage with internal and external stakeholders to enhance innovative thinking in the Group.
  • Develop and implement effective communication plans for the department under the guidance of the Business Development Director.
  • Collaborate with the finance department to ensure that good financial practices are adhered to.
  • Manage the effective rollout by the product and sales teams and develop the go-to-market plan tools under the guidance of Business Development Director.
  • Present and manage the capital and operational budgets of the department.
  • Manag effective communication between all supporting business units by regular engagements.

Micro-lending and Savings and Investment Products:

  • Forecast sales targets to be achieved through sales activities by continuously analysing the market size and opportunity.
  • Manage the key business metrics (i.e. Profitability, market development and penetration, retention, customer service, etc.) to deliver business opportunities with the support of Business Development Director.

Credit and Operations Management:

  • Lead the Credit and operations team to effectively manage the lending business optimally.
  • Develop and implement credit risk mechanisms that ensures that the business is effectively managed against high bad debt.
  • Develop and implement operationally sound processes and good business practices.
  • Manage the regulatory reporting requirements to always ensure compliance.

Manage key stakeholder and third-party relations:

  • Collaborate in delivering the Group value proposition through strategic partners.
  • Promote strong brand awareness with external stakeholders.
  • Proactively stay abreast with industry trends and recommend appropriate innovative solutions to support the Lending and Savings and investment products.
  • Establish strategic alliances with third parties for identified business opportunities.

Manage business risks:

  • Identify and manage the business risks and ensure compliance to regulation requirements.
  • Manage the application of credit risk models and metrics to manage the credit risks.
  • Manage the credit limits and ensure that they are aligned to the approved credit policy.

People management:

  • Develop a fit-for-purpose structure and resources allocation to support delivery of business objectives and sustainable growth.
  • Build and lead an effective team that works collaboratively toward achieving the Group’s goals.
  • Define the roles, responsibilities, manpower modelling and measurable objectives to deliver business objectives.
  • Develop and manage the KPA’s and KPI’s of the direct reports. Ensure that the people management processes, including the performance management process are adhered to, implemented, and monitored.
  • Coaching and mentoring of Managers and department structures. Implement rewards and recognition systems that support the business objectives.
  • Ensure development among the teams for succession planning.
  • Develop and implement a high-performance culture in conjunction with the HR department.


REQUIREMENT SUMMARY

Min:8.0Max:10.0 year(s)

Marketing/Advertising/Sales

Marketing / Advertising / MR / PR

Marketing

Graduate

Proficient

1

Centurion, Gauteng, South Africa