Head – Current Account Liabilities & Transactional Banking - #50535

Talent Zone Consultants


Date: 13/01/2022
City: Bawshar, Muscat
Contract type: Full time
Talent Zone Consultants

In-depth knowledge of the CA liability

The primary responsibility will be to conceptualize, develop and implement plans for new liability products which include product definition and development, creating of pricing strategy, branding and marketing plans with the ultimate goal to contributing to the profitability of the Bank. To develop and create, own, manage and lead the CA Liability Portfolio, in terms of volume & profitability per product, within Retail & Transaction Banking to fulfill the growing needs of retail liability customer needs


Designing the overall CA Liability strategy for Retail Banking in line with the Bank’s strategic focus. This primarily entails: -
o Assessing the current suite of liability products for relevance and appropriateness in the current market conditions.
o Monitor industry, market, competitor and regulatory trends to ensure that opportunities and risk are identified and appropriate plans are
implemented
o Designing and developing new and innovative products and ensuring it follows all internal processes and is launched in a timely manner.
o Conduct focus groups with Sales and Distribution teams.
o Ensure that the bank’s products remain competitive and proactively manage the withdrawal/migration of products which are no longer relevant
o Implementing a ‘Sales Strategy’ for Deposit Mobilization / Accounts onboarding by working closely with the respective Regional and Branch
Managers as well as the targeted segments of the bank, e.g. business banking
o Ensure that volumes and value targets are set for each channel and product with the relevant profitability measures / enablers in place to grow CASA.
o Present product updates to business audiences (internal and external) as required
o Conduct, bank wide training programs for all new products before launch date with the relevant sales and Distribution teams.
o Work with the Marketing and Advertising teams to ensure that new and existing focus products are featured and communicated to the market to
enhance sales.
o Monitoring and evaluating the current trends in the portfolio to recommend corrective action / retention management, as appropriate with the relevant sales and distribution heads.
o Liaising with IT, Retail Operations and Alternate Channels / Transaction Banking for system design and integration to ensure seamless support to branches and ensuring efficient customer service
o Ensure that all products have Central Bank approval and manage all regulatory / legal / operational frameworks
o Manage pricing across current account tariffs

the right candidate will be completely familiar with rules and guidelines of the Central Bank of Oman. This requires candidates to be in that region, preference will be given to Omani national and expats based in the region. Please share candidates that meet this criteria. we are only looking at making 4 very relevant candidate submissions to close the position.

the position feedback turnaround will be very slow though hiring intent is very high. please expect a 6 - 8 month timeframe for the position to close including candidate joining. this is in line with banking sector hiring in the region. the mandate however is very critical for the bank and hence intent of closing the position is extremely high.

Our agreement with the client does not allow us to make the name of the bank public on this dashboard. we will only mention this to the relevant candidate during the screening process. The employer however is one of the leading and fastest growing banks in Oman with a diversified product base.

The primary responsibility will be to conceptualize, develop and implement plans for new liability products which include product definition and development, creating of pricing strategy, branding and marketing plans with the ultimate goal to contributing to the profitability of the Bank. To develop and create, own, manage and lead the CA Liability Portfolio, in terms of volume & profitability per product, within Retail & Transaction Banking to fulfill the growing needs of retail liability customer needs

Experience 7 Years
Salary 50 Lac To 1 Crore P.A
Industry Financial Services / Banking, Investments / Insurance / stock market / Loan
Key Skills Chartered Accountant Transactional Banking


About Company

Company Name

Talent Zone Consultant



About Company Talent Zone Consultant
Contact Person Mrs.Vidya
Address Sampige Road, Malleshwaram City - Bangalore State - Karnataka India
Mobile 9738953971/ 8123467253
Email ID info@talentzoneconsultant.com

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