National Sales Manager Islamic Banking - Sandton, South Africa - Absa Bank Limited

Absa Bank Limited

Verified Company

Sandton, South Africa

1 week ago

Posted by:

Thabo Mthembu

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Description

Bring your possibility to life Define your career with us

With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.

Job Summary

Job Description:

Key Accountabilities:
Relationship/Stakeholder Management

Manage the relationship with key regional stakeholders (i.e. Regional Heads across the segments within the business).
Manage relations with top 50 clients to ensure the continuous improvement of customer retention.
Establish and maintain professional relationships through networking with industry leaders.
Establish and maintain professional relationships with key internal stakeholders i.e. Group Marketing and Communications at key events.
Host regular and relevant functions (as agreed with line management) to socialize with current and potential clients and stakeholders.
Represent Islamic Banking on the relevant national forums by driving key agenda points for the unit.
To sit on the relevant Exco's, OPCO's, Manco's and provide feedback to Islamic Banking through established relations across the group to ensure the continuous enhancement and improvement of customer retention initiatives to reduce account closure rates.
Sustain and uphold already established relationships with existing clients by visiting, answering queries, or by analysing financial situation and business requirements of clients, so as to support and link the client with value added products or create awareness as to IB solution offerings
Coordinate client functions on an adhoc basis in order to create general awareness of IB offerings nationally.

Business Development/ Sales Performance

Responsible and accountable for the delivery of national sales targets for Islamic bank across all business areas.
Develop and implement a National Sales Strategy
Identify which new clients will improve the spread of client value contribution and implement targeted relationshipbased programmes to attract those clients
Identify product and/ solution gaps in the market and recommend corrective action to address the gaps
Champion and manage acquisition plans in conjunction with Sales and Acquisitions teams
Ensure effective target distribution throughout the channels and delivery of targets
Assist bankers to ensure target attainment
Engage with regional managers to maintain visibility of Islamic Banking products and services.

Market Intelligence

Provide insights to the Islamic Banking headoffice team that will assist in the development and maintenance of Customer Value Propositions
Collect market intelligence through research by reading articles, publications, internet, word of mouth and networking on a daily basis to keep abreast of market developments.
Assess market opportunities with respect to competitor sales sources by remaining in touch with market forces and influences
Manage knowledge capital by collecting, categorising, storing, protecting and distributing the results of market research
Understand the High Net Worth Islamic Banking customer base of the per region
Identify and build relationships with the customers who deliver the most value to the business.
Create a Customer Relationship Management matrix to manage and report on these relationships.
Analyse, interpret and present the data to key stakeholders to build their understanding of the Islamic Banking market and influence their ability to identify and support the opportunities this market presents
Produce monthly business development reports detailing initiatives, progress and performance of all sales and relationship activities
Build relationships with key stakeholders in each of the High Net Worth segments so that Islamic Banking is included in their campaigns and events and they, in turn, support Islamic Banking campaigns and events
Investigate and drive new initiatives that would benefit business in acquiring new channels of sales, such as linking with enterprise development, Retail Banking etc networking or presenting at local business events which are supported by Absa.
Stay abreast of developments and changes in the market by identifying and defining business opportunities in the market that align to the business unit strategy
Coordinate, manage and represent Business Development interests on the relevant forums by driving key agenda points for the unit
Define target market and deliver on long term growth and sales targets by means of bulk acquisitions, specific business development interventions such as presentations to clients
Source new business by engaging with other internal BU's and enlist buyin of relevant role players in order to identify and capitalise on potential leads
Conduct information sessions with internal stakeholders in terms of market/product knowledge and also pro