Retail Deposit Specialist

Client of LeadingEdge HR Solutions; Riyadh; On-site; SAR 150,000 - 200,000; Full time

Job summary

An established industry player is seeking a Retail Deposit Specialist to drive deposit growth and innovate products. This role involves developing strategies for Current, Savings, and Term deposits, conducting market research, and ensuring compliance with banking regulations. The ideal candidate will have over 12 years of experience in retail banking, particularly in the GCC market, and possess strong analytical and strategic skills. Join a dynamic team where your expertise will shape the future of deposit products and enhance customer engagement. This is a fantastic opportunity to make a significant impact in a growing sector.

Qualifications

• 12+ years of experience in retail banking with a focus on deposit products.
• Strong understanding of market dynamics and deposit growth strategies.

Responsibilities

• Develop strategies to grow deposits while optimizing cost of funds.
• Conduct market research to identify trends and opportunities.

Skills

Analytical Skills

Problem-Solving Skills

Strategic Thinking

Communication Skills

Interpersonal Skills

Presentation Skills

Education

Bachelor's in Business, Finance, or related field

Master's in Business, Finance, or related field

Tools

Microsoft Office Suite

Job description

Our client is seeking an experienced Retail Deposit Specialist for immediate onboarding. This role focuses on driving deposit growth, managing the cost of funds, and developing innovative deposit products.

Key Responsibilities:
Develop and execute strategies to grow Current, Savings, and Term deposits while optimizing the cost of funds.
Conduct market research and competitive analysis to identify trends, opportunities, and risks.
Product development: Design and launch innovative deposit products tailored to customer needs.
Implement retention strategies, including personalized offers and loyalty programs.
Collaborate with marketing to enhance customer engagement and communication.
Ensure compliance with banking regulations and internal policies.
Work closely with branch banking, operations, IT, and compliance teams for seamless execution.
Track key metrics, analyze trends, and provide data-driven recommendations.

Qualifications:

Bachelor's in Business, Finance, or a related field (Master's preferred).
12+ years of experience in retail banking, focusing on deposit products and portfolio management (preferably in the GCC market).
Strong understanding of retail banking, deposit products, and market dynamics.
Proven track record in deposit growth strategies, cost optimization, and customer retention.
Excellent analytical, problem-solving, and strategic thinking skills.
Strong communication, interpersonal, and presentation skills.
Knowledge of banking regulations and compliance requirements.
Proficiency in Microsoft Office Suite (Excel, PowerPoint, Word).
Interested candidates, please share your CVs at the earliest.