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  • Global Transaction Solutions: 6-month contract - Sandton - Access Bank Plc

    Access Bank Plc
    Access Bank Plc Sandton

    2 weeks ago

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    Description

    Job Mission and Objective

    The Global Transaction Solutions team is responsible for leading the bank's transaction banking services, including cash management and payment solutions. The primary goal of this role is to drive revenue growth, enhance client satisfaction, and deliver innovative transaction banking products that meet the evolving needs of Commercial and institutional clients.

    Main Responsibilities

    Strategic Leadership

    • Understand the target market, customer segments, and their needs to develop effective strategies
    • Analyze competitors and identify gaps in the market to create opportunities
    • Develop and implement a strategic plan for the Global Transaction Solutions department, aligning with the bank's overall objectives
    • Identify market trends and opportunities to drive product development and competitiveness

    Product Development and Management

    • Identify required transactional products such as notice accounts, overnight loans, savings accounts features, interest on CASA balances, payment services, etc.
    • Oversee the design, development, and management of transaction banking products and services
    • Ensure products meet regulatory requirements and address client needs effectively

    Client Relationship Management

    • Collaborate with Relationship Managers to provide tailored transaction banking solutions to clients
    • Engage with key clients to understand their transaction banking requirements and ensure high satisfaction levels

    Risk Management and Compliance

    • Ensure all transaction banking activities comply with internal policies and external regulations
    • Implement risk management frameworks to mitigate operational and financial risks

    Business Planning/Decision Making

    • Define the target market, focusing on business banking and Commercial sectors with lower end corporate banking
    • Agree volumes, value, and revenue targets for the defined target market
    • Implement the agreed strategy in a cost-effective manner

    Policies and Procedures

    • Evaluate existing policies and procedures, enhancing those that need improvement and authoring new ones as required

    People Management

    • Implement the people plan approved after the initial business case is approved

    Requirements

    Academic Knowledge

    • Bachelor's degree in Finance, Business Administration, or a related field; MBA or relevant postgraduate qualification is preferred

    Work Experience

    • Minimum 10 years of experience in transaction banking or related areas

    Competencies

    • Innovation
    • Entrepreneurship
    • Digital Appreciation

    Benefits

    • Medical Aid
    • Provident Fund
    • Group Life Cover
    • Income Disability Cover
    • Funeral Cover
    • Training and Development

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