Head Non Interest Pricing Eb

2 weeks ago


Johannesburg, South Africa Absa Bank Limited Full time

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

Accountable for the development and execution of the everyday banking non-interest pricing strategy. Ensure systems and controls to execute non-interest pricing within organisational risk appetite. Accountable for agreed commercial outcomes resulting from non-interest pricing strategy.

**Job Description**:
Accountability: Pricing Strategy Formulation and Execution
- Conceptualise and implement a medium-term integrated non-interest pricing strategy for the everyday banking franchise in collaboration with relevant Absa group stakeholders (Risk, Relationship Banking, Product Solutions, Corporate and Investment Bank) to realise everyday banking’s vision of becoming the market leader in full value banking.

Accountability: Pricing Management
- Conceive and implement medium term non-interest pricing strategy to ensure sustainability of everyday banking’s non-interest revenue model and competitiveness of its products and services.
- Develop tools, analytical techniques and data to model and track the impact and effectiveness of non-interest pricing strategies across everyday banking core products and revenue lines.
- Provide business insights based on market trends, competitor offerings and global best practices as it relates to non-interest pricing.
- Manage an integrated pricing value chain from conception to market, to ensure seamless implementation of pricing policy and systems.
- Ensure appropriate controls including an end-to-end pricing change and approval process, supporting governance, reporting and revenue assurance within everyday banking risk appetite.
- Provide relevant pricing input to the medium term planning (MTP) and short term planning (STP) processes as well as new proposition developments.

Accountability: Pricing Systems
- Provide strategy and roadmap to inform non-interest pricing related systems development incorporating product and customer specific strategies as well as parametric simplification.
- Develop and maintain systemic controls to ensure adherence to relevant pricing regulations, revenue assurance and internal pricing change and approval governance.

Accountability: Leading Talent
- Accountable for enabling people and culture aligned to brand value.
- Determine and analyse attestation, training, and development needs for direct reports, and ensure that these requirements are met.
- Act as a second-level escalation point for all grievances raised in the functional area.
- Ensure that poor performance is addressed, and relevant corrective actions are implemented.
- Ensure appropriate reward and recognition practices for all employees within the team.

Accountability: Operational Effectiveness
- Drive the development and tracking of tactical plans and scorecards and take corrective actions where required.
- Drive strategic reporting requirements.
- Define pricing projects and track and manage the process, understand trends and dynamics.
- Provide leadership in engagements with regulatory bodies and represent consumer products in key industry associations and forums where applicable.
- Use insights and knowledge gained from high-level reports and analyse complex comparative information to create scenarios to direct strategic intent.

Accountability: Good Governance, Risk and Compliance
- Drive the development and implementation of integrated corporate governance and compliance frameworks throughout the business unit
- Influence the implementation of effective internal controls system and corporate governance in the functional area of accountability.
- Ensure appropriate controls including an end-to-end pricing change and approval process, supporting governance and reporting to operate within Everyday Banking risk appetite.

Required Skills and Qualifications:

- Minimum B-degree (NQF level no.7) / Desired Post Graduate Degree (NQF level no.8+)
- 5 years’ experience in finance, product management or a pricing environment
- Senior leadership experience in product pricing, strategic planning and execution
- Solid understanding of customer product pricing
- Technical competence in relevant analytical tools.
- Technical competence in SAS / SQL.

Education

Bachelor's Degrees and Advanced Diplomas: Physical, Mathematical, Computer and Life Sciences (required)
- Absa Bank Limited reserves the right not to make an appointment to the post as advertised_



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