Requirements

Academic Knowledge:

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

Work Experience:

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

Main Responsibilities

Strategic Leadership

• Understand the target market, customer segments, and their needs.
• Analyse competitors and identify gaps in the market.
• Develop and implement the strategic plan for the Global Transaction Solutions department, aligning with the bank’s overall objectives.​
• Identify market opportunities and trends to drive product development and competitiveness

Product Development and Management

• Identify required transactional products: 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 – example are our focus would be business banking and Commercial with lower end of corporate banking.
• On the defined target market agree volumes, value and revenue targets
• Implement the agreed strategy in the best time and cost-effective manne

Policies and Procedures

• Evaluate the existing policies and procedures, enhance those that need enhancement and author and implement new policies and procedures required

People Management

• Once the initial business case is approved, implement the people plan approved