Retail Deposit Specialist

Leading Edge; Riyadh; On-site; SAR 150,000 - 200,000; Full time

Job summary

A reputable financial services firm in Riyadh is seeking an experienced Retail Deposit Specialist for a 4-month extendable contract. This role focuses on driving deposit growth and developing innovative deposit products. The ideal candidate has over 12 years of experience in retail banking and strong expertise in deposit growth strategies. The position requires excellent analytical and strategic thinking skills along with a Bachelor’s degree in a relevant field.

Qualifications

• 12+ years of experience in retail banking, focusing on deposit products.
• Proven track record in deposit growth strategies and customer retention.
• Strong understanding of banking regulations and compliance requirements.

Responsibilities

• Develop and execute strategies to grow deposit products.
• Conduct market research and competitive analysis.
• Design innovative deposit products tailored to customer needs.
• Implement personalized retention strategies.
• Collaborate with marketing to enhance customer engagement.

Skills

Key Metrics

Customer Retention

Presentation Skills

Strategic Thinking

Competitive Analysis

Portfolio Management

Financial Analysis

Microsoft Office

Education

Bachelor's in Business, Finance, or related field

Master’s preferred

Tools

Microsoft Excel

Microsoft PowerPoint

Job description

Overview

Job Title: Retail Deposit Specialist (4-Month extendable Contract). Location: Riyadh, Saudi Arabia. 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.

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.

Required Skills

• Key Metrics
• Dynamics
• Competitive Analysis
• CVS
• Portfolio Management
• Analysis
• Offers
• Strategic Thinking
• Customer Retention
• Customer Engagement
• Savings
• Excel
• Deposits
• Presentation Skills
• PowerPoint
• Onboarding Metrics
• Retail Market Research
• Optimization
• Banking Regulations
• Research
• Finance
• Design
• Microsoft Office
• Marketing
• Business Communication
• Management