Manager, Business Solutioning & Governance - Business & Commercial Banking at Standard Bank Group

Job Description

To design and build fit-for-purpose product solutions for an allocated set of Business and Commercial Banking products (e.g. Transactional / Liabilities Products; Secured/Unsecured Lending; VAF; Trade or Merchant Solutions) in alignment with Business Solutioning and country strategies. To implement localized product features/solutions designed in line with the required standards, toolbox, processing standards and risk framework.

Job Requirement:

• Designs and build fit-for-purpose products as delegated by Business Solutioning
• To drive utilization and commercialization of Solutions and Customer Value Propositions.
• Work together with the Business Heads in ensuring strict adherence of Internal procedures and processes; controls as well as other Governance standards
• Develops in country specific products as derived from client insights, in consultation with Business Solutioning (Domain)
• Implements the localised product standards, the overall business solutioning strategy, product toolbox, product processing standards and product risk framework.
• Provides input on toolbox development for consumption by other countries where common benefit could be derived, as approved by Business Solutioning
• Adheres to the standard operating model blueprint for products in country and seeks approval for any customisation.
• Adheres to the digitisation framework as defined by Business and Commercial Banking and enhances for local nuances with approval.
• Adheres to the the Group Credit and Operational Risk standards.
• Owns client journeys product solutions development as delegated by Business Solutioning (Domain)
• Provides input into the development of client value propositions.
• Stays abreast of market and competitive developments in order to define and evolve innovative and value-added services to clients across all segments.
• Works with domains i.e. Business Solutioning and Business Enablement to identify, design and deliver fit-for-purpose client centric product solutions.
• Implements pricing models as prescribed by Business Solutioning and alerts relevant stakeholders of any pricing decisions that could compromise financial objectives and propose relevant remediation actions.
• Executes, tracks and reports on product economics (including pricing and margin frameworks); in the event of under-performance, defines and implements remedial actions.
• Checks that the product business drivers are accurately reflected in the target setting process to achieve the overall Headline Earnings targets per product at a client grouping level across country.
• Drives the overall product profitability and ROE as set by the financial objectives.
• Reports on allocated product performance in country and undertakes remedial actions to ensure financial outcomes realization.
• Monitors the accuracy and completeness of the product results and drives remediation actions.
• Implements financial and non-financial metrics (e.g. number of client defaults, net promoter score, branch network footprint, etc.).
• Identifies and optimises profit opportunities for Product through the relevant risk/reward trade-offs.
• Adheres to Group Credit and Operational Risk standards.

Qualifications

Minimum Qualifications

• Type of Qualification: First Degree
• Field of Study: Business Commerce

Experience Required
Business Solutions

• Business & Commercial Banking
• 3-4 years
• Experience in interpretation and practicing integrated product, financial and risk management principles. Exposure to process re-engineering and change management. Experience with management of financial objectives, both value creation and cost reduction. Experience in managing Return on Equity (ROE) targets taking into account profitability measures and capital.
• 3-4 years
• Experience in the design, development, scaling, entrenchment and commercialisation of (banking) products and services (including digital) in country. Understanding of clients, partners and markets gained from industry experience.

Additional Information

Behavioral Competencies:

• Developing Strategies
• Embracing Change
• Empowering Individuals
• Establishing Rapport
• Generating Ideas
• Making Decisions
• Producing Output
• Pursuing Goals
• Showing Composure
• Taking Action
• Understanding People
• Valuing Individuals

Technical Competencies:

• Economic Capital Management
• Risk Reporting
• Risk Response Strategy
• Risk/ Reward Thinking