Managing Executive: Transactional Banking
2 weeks ago
Bring your possibility to life Define your career with us
- With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.Job Summary
Enterprise leadership of transactional banking including transactional (cheque and savings) accounts, overdrafts, debit cards, payments, retail international banking products, pep and other strategic partnerships.
Accountable for the strategy, performance and operations of the product house as an end-to-end business unit including direct accountability for infrastructure and people to enable execution. Aligns product and proposition strategies and their execution to enable realization of Absa customer and business strategies
**Job Description**:
The primary purpose of the role is to:
- Develop and drive the strategy that consolidates a myriad of trade and working capital products and propositions (Documentary Trade, Money Market Loans, OverdraftsIRU’s, Escrows, Trade Loans, LC Disco
Accountability: Strategy
- Accountable for establishing the strategic direction and growth objectives in line with the overall Everyday Banking strategy
- Accountable for defining the strategic and business initiatives necessary to achieve the business strategy and deliver the customer and commercial shape.
- Determines the market share objectives in line with the strategy and formulates the execution plan including but not limited to the following
- Customer segments and customer needs therein
- Product continuum
- Technology platforms
- Channel platforms
- Go to market approach
- Operational capabilities
- Customer experience
- Competitive differentiation
- Stays abreast of local and global industry trends, innovations and developments to determine relevance, impact and consideration for Transactional Banking.
Accountability: Commercial Management
- Accountable for managing the commercial performance (P&L) of the products across the product lifecycle in support of Absa’s high-level financial ambitions and balance sheet shape.
- Makes trade-offs across product continuum, delivery platforms and capabilities within Everyday Banking to enable the desired customer and commercial shape.
- Interlock with CVM, SSE, Physical Channels, Technology, segment and sector on trade off discussions across the transactional and deposits product lifecycle to enable the desired customer and commercial shape.
- Ensure channel mix is optimized and delivery of satisfactory customer experience
- Creates value for all stakeholders by identifying and effectively collaborating with external partners to enable the desired customer and commercial shape.
- Identifies and manages key value drivers of performance at a business and product level including financial performance (revenue, impairments), cost management (direct and indirect), balance sheet management/optimization, pricing, credit and fraud risk etc.
- Accountable for ensuring the long-term commercial viability of the product, including oversight of the middle and back-office capabilities, external capabilities, partnership capabilities to drive efficiency programmes to optimize cost base and align to market and enhanced customer experience.
- Develop hyper personalised go to market approach - campaign development, tracking and tactical offer design
- Create analytical sales approach by leveraging data and create effective offers to drive effective product utilization and maximise economic return
Accountability: Product Management
- Delivers a compelling and insights led Product Proposition offering that aligns to and enables Everyday Banking customer strategies:
- Lead centers of product excellence and innovation taking into account and anticipating market, customer and product trends;
- accountable for all product management activities including design, development, taking to market and run of compelling and commercially viable product propositions spanning the product lifecycle;
- ensures that the product value propositions seamlessly integrate into segment and sector value propositions to support “golden baskets” and enable the acquisition and retention of customers in specific segments and sectors to support the targeted commercial and customer shapes.
- Drives the design, development and delivery of integrated propositions within Everyday Banking and across Absa
- Drives product innovation across the banking, payments, digital and partnerships landscapes to deliver compelling transactional banking propositions
- Drive creation of new revenue streams through product innovation and appropriate commercialisation
Accountability: Product Infrastructure
- Accountable for the entire end-to-end infrastructure (people, process and technology) on which the products run to support the target customer experience whilst ensuring that the prod
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