Snr: Business Banking Forex & International Banking Product Manager needed at Absa Group Limited

Job Summary

• The Foreign Exchange (FX) & International Banking (IB) Product Manager is responsible for developing, managing, and optimising international banking and FX products for Business Banking customers. This role will work closely with the Corporate Investment Banking (CIB) forex and international banking teams to align strategies, leverage synergies, and deliver solutions tailored to corporate and SME clients. The goal is to ensure that both international banking and FX offerings are competitive and effectively meet the evolving needs of business clients.

Job Description

Product Strategy & Development

• Manage the suite of FX/IB products for business banking clients in RB (Spot FX, Forward Contracts and Currency Hedging Products  as well as Trade, International Payments and Currency Accounts).
• Collaborate with the CIB forex and international banking teams to align product strategies across RB and CIB, ensuring a unified approach.
• Monitor the effectiveness of strategic initiatives of national strategic initiatives to ensure delivery thereof. 

Collaboration with Corporate Investment Banking (CIB)

• Collaborate closely with the CIB forex and international banking teams to drive the business banking strategy for international products and FX.
• Leverage CIB’s expertise and infrastructure to enhance FX and international banking product offerings in the business banking segment.

Sales Support

• Serve as the interface between the CIB Product team, the RB segment team and the product specialist sales team.
• Collaborate with the RB segment sales teams to understand the specific international banking and FX needs of their clients, providing them with the necessary tools and product knowledge to effectively sell FX and international banking solutions.
• Work closely with the product specialist sales team to drive increased product adoption.

Risk Management & Compliance

• Ensure compliance with internal risk policies and external regulatory frameworks in both international banking and FX products.
• Work closely with the legal and compliance teams to ensure that all products meet relevant standards, mitigating risks related to FX/IB.

Profitability

• Drive the profitability of the FX/IB product for RB
• Analyse product profitability, making necessary adjustments to ensure revenue growth and margin sustainability.
• Develop competitive strategies for international banking and FX products, working in alignment with Group’s pricing frameworks.

Qualifications & Experience

• Bachelor’s degree in Finance, Economics, International Business, or a related field.
• 5+ years of experience in international banking and foreign exchange
• Deep understanding of international trade finance, cross-border payments, and FX markets.
• Experience working with corporate and SME clients, particularly in international and FX transactions.
• Proven experience in product development and strategy, particularly in a banking context.

Education

• Bachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)