Global Transaction Solutions: 6-month contract

Job Mission / Objective

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

Reports to

Head: Trade Finance

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 manner

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