Retail Deposit Specialist

Leading Edge; Riyadh; On-site; SAR 70,000 - 100,000; Full time

Job summary

A prominent banking institution in Riyadh is seeking an experienced Retail Deposit Specialist for an initial 4-month contract. The role emphasizes driving deposit growth, managing costs, and developing innovative deposit products. Candidates should possess over 12 years of experience in retail banking with a solid understanding of deposit products. The successful applicant will collaborate with various teams to enhance customer engagement while ensuring compliance with banking regulations. Interested individuals should submit their CVs promptly.

Qualifications

• 12+ years of experience in retail banking, focusing on deposit products and portfolio management.
• Strong understanding of retail banking, deposit products, and market dynamics.
• Proven track record in deposit growth strategies, cost optimization, and customer retention.

Responsibilities

• Develop and execute strategies to grow Current, Savings, and Term deposits.
• Conduct market research and competitive analysis to identify trends and opportunities.
• Design and launch innovative deposit products tailored to customer needs.
• Implement retention strategies including personalized offers and loyalty programs.
• Ensure compliance with banking regulations and internal policies.

Skills

Key Metrics

Dynamics

Competitive Analysis

Portfolio Management

Customer Retention

Customer Engagement

Microsoft Office

Marketing

Banking Regulations

Analysis

Education

Bachelor’s in Business, Finance, or related field

Master’s degree

Tools

Microsoft Office Suite

Job description

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.

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.

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