Deposit Acquisition Manager (Bank) at Workforce Africa – May 2024

Deposit Acquisition Manager (Bank)

Responsibilities 

  • Develop and execute a thorough business strategy aimed at deposit mobilization, including the identification of target markets, growth prospects, and key performance metrics.
  • Establish and nurture relationships with corporate clients, high net-worth individuals, and institutional investors to attract deposits and expand market share.
  • Analyze market trends, competitor activities, and customer preferences to identify potential deposit opportunities and tailor solutions accordingly.
  • Collaborate with product development and marketing teams to devise and introduce innovative deposit products and promotional campaigns to attract new customers.
  • Monitor deposit accounts and transactions to ensure adherence to regulatory requirements and policies.
  • Provide training and guidance to the other teams to enhance their proficiency in deposit mobilization techniques.
  • Prepare and deliver regular reports and updates on deposit mobilization activities, performance metrics, and market insights to senior management.
  • Keep abreast of industry developments, regulatory changes, and best practices in deposit mobilization to continuously refine strategies and processes.
  • Manage deposit-related risks and challenges, such as liquidity management, interest rate fluctuations, and customer attrition, to minimize potential impacts on business operations.
  • Foster a culture of teamwork, collaboration, and customer-centricity within the deposit mobilization team to ensure alignment with organizational objectives.

Qualifications and Experience

  • Bachelor’s degree in Finance, Business Administration, Economics, or related field;
  • Minimum of 5 years’ experience in deposit mobilization, banking, or financial services, with a proven track record of achieving targets and driving business growth.
  • Strong understanding of financial products and services, deposit regulations, and market dynamics.
  • Excellent communication, negotiation, and interpersonal skills, with the ability to build rapport with diverse stakeholders.
  • Analytical mindset with the ability to interpret data, identify trends, and make informed decisions.
  • Proficiency in G-Suite and banking software applications.
  • Demonstrated leadership abilities, including strategic thinking, problem-solving, and decision-making skills.

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