Strategy Associate

Gotyme Za (South Africa); Cape Town; On-site; ZAR 600,000 - 900,000; Full time

Job summary

GoTyme Bank in Cape Town seeks a Strategy Associate to support the Strategy & Proposition team across commercial initiatives for growth in retail banking. You will help solve problems spanning strategy, product propositions, operations, partnerships, and customer experience.

You will collaborate with Risk, Compliance, Fraud, Operations and other stakeholders to research competitors, benchmark globally, and inform product prioritization, while developing business rationale and data insights to

Qualifications

• Bachelor's degree in Economics, Finance, Business Science, Engineering, Law, Data Science, CA/Actuarial Science or related field.
• 0–5 years of experience in consulting, investment banking, technology, product management, data analytics or technical marketing.
• Experience in fintech, digital banking or lending is advantageous.

Responsibilities

• Support the development of overall strategy and design of products, features and engagement mechanics.
• Manage end-to-end life cycle of proposition products and processes, including ideation, design and feature management.
• Research competitor products, global benchmarks and compliance to inform ideation and prioritization.
• Develop business rationale (value proposition, sizing, financial modelling) to inform prioritization.
• Lead ideation and design of new capabilities to reach new market segments and measure data insights to inform execution.
• Support development of external partnerships to enable differentiated product features and collaborate with stakeholders to deliver customer experiences.

Skills

Problem-solving

Ownership

Adaptability

Communication

Curiosity/Interest in products

Education

Bachelor's degree

Job description

What you'll do

As a Strategy Associate, you will support the GoTyme Bank Strategy & Proposition team across commercial initiatives that drive the growth and success of our retail banking business. You will help solve problems spanning strategy, product propositions, operations, partnerships and customer experience.

Key Responsibilities

• Strategy & Proposition Development Assist in formulating the overall strategy and the design of products, features, and engagement mechanics;
• Assist in the management of end-to-end life cycle of the proposition's products and processes, such as ideation, design, and management of its features, together with the timely implementation of strategic and tactical initiatives to drive value creation;
• Together with other stakeholders (e.g. Risk, Compliance, Fraud, Operations, etc.), research and monitor competitor products, global benchmarks, and compliance requirements to inform the ideation and prioritization of new products and features for the proposition;
• and Assist in the development of the business rationale (e.g., value proposition, opportunity sizing, financial modelling) to inform product prioritization.
• Assist and where necessary lead the ideation and design of new capabilities and features to reach new segments of the market Together with data stakeholders design and measure relevant data insights to inform execution.

Partnerships & Customer Engagement Support the development of strategic external partnerships to enable innovative and differentiated product features. Collaborate with business stakeholders, technology teams and product partners to deliver products and features that offer a distinctive customer experience. Work with GoTymeX's design, development, data analytics and innovation teams to continuously improve the user experience and drive progress towards proposition OKRs.

Operations & Stakeholder Management Assist in coordinating day-to-day product operations, including operational processes and customer servicing. Support the implementation of technology and process fixes to address findings from regulatory audits. Work with the Distribution & Marketing team to develop and execute product go-to-market strategies across customer segments and channels. Collaborate with regulatory stakeholders to prepare documentation and fulfil administrative requirements for implementing proposition initiatives. Help evaluate and monitor the effectiveness of proposition initiatives, identify key drivers of success or failure, and recommend improvements where needed.

Qualifications

A bachelor's degree in Economics, Finance, Business Science, Engineering, Law, Data Science, Chartered Accountancy, Actuarial Science or a related field.

Relevant Experience 0-5 years of experience in consulting, investment banking, technology, product management, data analytics or technical marketing. Experience in digital or technology companies is advantageous, particularly within fintech, payments, digital banking or lending.

Required Competencies and Skills

• Problem-solving and organisational skills: Ability to tackle complex problems, clarify ambiguous challenges and break them down into manageable components using a logical, systematic approach.
• Ownership and initiative: A proactive approach to taking responsibility, finding solutions and progressively leading projects independently.
• Adaptability: Ability to respond effectively to changes in the business environment, technologies and strategic priorities.
• Communication: Ability to communicate effectively with internal and external stakeholders across diverse backgrounds and levels of seniority.
• Interest and curiosity: A passion for products and how they can improve the customer experience.