Head Cvp

Access Bank Plc; Gauteng; On-site; ZAR 800 000 - 1 200 000; Full time

Job summary

A leading financial institution in South Africa is seeking an experienced product manager to oversee the development and management of their product portfolio. The ideal candidate must have over 10 years of banking experience, with at least 3 - 5 years at a management level in product development. This role requires strong relationship management, analytical skills, and the ability to implement customer-centric strategies. Competitive benefits including Medical Aid and Provident Fund are offered.

Benefits

Medical Aid

Provident Fund

Group Life Cover

Income Disability Cover

Funeral Cover

Training & Development

Qualifications

• Minimum of 10 years banking experience.
• Minimum of 3 - 5 years management level experience in product development or retail banking.

Responsibilities

• Develop and manage Access Bank's product portfolio.
• Drive product strategy and profitability.
• Collaborate across departments for digital project implementation.

Skills

Payments and the South African payments system

Strong relationship management

Strong financial and analytical skills

Strong communication skills

Education

Commerce, banking or related degree

Job description

Overview

Overall development, ownership and management of Access Bank's total product portfolio, compelling customer value propositions, integrated pricing strategies & governance framework.

Collaborate to develop and implement robust customer profitability and pricing models.

Develop self-service and customer digital banking channels strategies and enablement across all the bank customer segments.

Work with front-line businesses, Project Management Office and IT to implement digital projects.

The role is responsible for developing comprehensive roadmap and profitability of the portfolio under management by applying the requisite life cycle management approaches.

The role will be required to lead, develop and or enhance the transactional banking capabilities in all our customer segments.

This role is responsible for the product portfolio health analyses and implementation of approaches and strategies to improve this.

Collaborate with marketing and frontline-businesses to develop product and sales material and collaboratively run RM product straining intervention.

Financial

Responsible for the end-to-end process of developing, managing, maintaining and packaging products in a manner that enables the business units to appropriately provide these products and solutions to customers and achieve targets.

Accountable and responsible for identifying, quantifying, and highlighting any significant issues and growing trends that have implications for the profitability of products

Manage and track profitability and the delivery of the key drivers, balance sheet and profitability targets.

Co-responsibility for target achievement of product measured as : (i.) product income line items vs. budget.

(ii.) product costs line items vs. budget.

(iii.)

Asset and deposit growth vs budget

Assessed against reduction in input costs and efficiencies achieved in product development / enhancement to improve margins.

Assessed against the shared achievement of desired product targets in terms of liquidity volumes, transaction volumes, etc.

People Management

A quantitative and qualitative assessment of the effective management of individuals and total team in delivering against targets, realizing the Bank's desired culture and people values and in developing and growing talent.

Employment equity targets achieved.

CVP development and implementation

Build and develop a robust understanding of the customer, the customer value proposition, and competitors.

Work closely with business units to develop best in class product strategy that is customer-centric and focused on growth of client base and achievement of budgeted targets aligned to the segment strategy.

This should cover full life cycle of the product and delivery across the value chain.

Drive the development of compelling product proposition / s through direct and indirect teams.

Success is assessed against the creation and successful implementation (time, budget, features, and effectiveness) of the agreed product strategy and development roadmap.

Define measurement in order to continually understand and improve on profitability, product customer service, product functioning and delivery.

Identify new business & revenue opportunities for products.

Research and review competitive offerings within similar segments and markets to optimise best in class products, with ideal pricing and customer advantage.

Operational product management

Define, implement, and deliver good product management understanding, processes and practices which includes :

Product features and functionality

Pricing and margin management

Balance sheet optimisation

ROE

FTP

Value driver lever analysis and balancing interdependencies

Understand and manage the product value chain role and product delivery within the value chain, etc.

Assessed against the effectiveness of pricing, measured as a review of the efficiency of pricing management and controls including control of leakage, management of operational pricing matters and requests and management of the annual pricing review.

Assessed against the operational management of products, partners, and vendors to ensure the smooth delivery of product to the business units, including interactions with internal partners.

Analyse product and associated regulatory risk and work with the risk, compliance and business functions to react quickly and implement mitigation plans and changes to comply with regulations.

Ensure that product health matrix is at the satisfactory level

People Management

Management of all business resources directly and indirectly involved in the operational management of product and pricing.

Strong partnering skills to indirectly manage outputs from peers, colleagues and business partners in support of product and pricing.

Enhancing the corporate and leadership culture of the Bank through leading in line with the Bank's values and culture.

Taking direct responsibility for fostering the growth of Access Bank talent by developing the staff under direct and indirect control through challenging Product development and implementation Build and develop a robust understanding of the customer, the customer value proposition, and competitors.

Work closely with business units to develop best in class product strategy that is customer-centric and focused on growth of client base and achievement of 2 / 2 budgeted targets aligned to the segment strategy.

This should cover full life cycle of the product and delivery across the value chain.

Drive the development of compelling product proposition / s through direct and indirect teams.

Success is assessed against the creation and successful implementation (time, budget, features, and effectiveness) of the agreed product strategy and development roadmap.

Define measurement in order to continually understand and improve on profitability, product customer service, product functioning and delivery.

Identify new business & revenue opportunities for products.

Research and review competitive offerings within similar segments and markets to optimise best in class products, with ideal pricing and customer advantage.

Academic Knowledge

Minimum of a 3-year tertiary education, ideally a commerce, banking or related degree.

Work Experience

Minimum of 10 years banking experience.

Minimum of 3 - 5 years banking experience at a management level in a combination of all or some of the following banking disciplines : product development, payments, retail banking, pricing, channel management, financial management, etc.

Experience in the development of product strategies in developing organisations or smaller Banks would be an advantage.

Development of alternative products, value added services and fintech solutions would be an advantage.

Skills / Specialized Know How

Payments and the South African payments system

Strong relationship management and negotiation skills are essential.

Strong financial and analytical skills

Competencies

Ability to multi-task across multiple projects and relationships

Strong EQ and partnership management capabilities

Diplomacy

Negotiation skills

Performance management abilities

Strong service ethic

Business development skills

Strong communication skills are essential

All appointments will be made in line with Access Bank's Employment Equity plan.

The Bank supports the recruitment and advancement of individuals living with disabilities.

In order for us to fulfill this purpose, candidates can disclose their disability information on a voluntary basis.

The Bank will keep this information confidential unless we are required by law to disclose this information to other parties.

Employees who apply and do not hear from HR within 30 days of the closing date may assume that their application was not successful, and we thank you for applying.

Benefits

• MedicalAid
• ProvidentFund
• GroupLifeCover
• IncomeDisabilityCover
• FuneralCover
• Training & Development

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