Head of Retail Banking Finance Section

To oversee the development of the annual operating plan, retail budget, financial and business planning, target settings for distribution channels, product pricing, performance and analysis within the retail banking division to maximize sales volumes, market share and profitability in line with the bank’s overall strategy. AREAS OF RESPONSIBILITY : Contributes to the development of divisional strategy and ensures translation and alignment during the development and monitoring of departmental strategy including objectives, targets and initiatives. Recommends improvements to departmental policy and directs the implementation of procedures and controls covering all areas of planning activity so that all relevant procedural / legislative requirements are fulfilled while delivering a quality, cost-effective service to customers. Supervises the day-to-day operations of Planning department to ensure that work processes are implemented as designed and comply with established policies, processes and procedures. Participates in the annual operating plan for Retail Banking ensuring alignment with the bank’s overall strategy, identifying signature actions, key initiatives, projects and tactics to achieve aspired goals. Prepares and recommends the budget for the Retail Banking division, its distribution channels, products and departments. Monitors the performance of all functions within Retail Banking and identifies deviations to ensure timely, effective and accurate financial reporting. Gathers information from the businesses, market and plans on portfolio, income, cost and profit analysis to ensure the implications of the financial results are understood. Reviews products, channels and department performance, monitors costs, fund transfer pricing, product margins and fees, and recommends actions to achieve targets. Develops pricing models for core retail products to price competitively while ensuring return on capital and risk assessment. Establishes a regular price review mechanism based on market scans, competitive pricing and offers to keep retail banking products competitive. Conducts detailed target setting for all retail banking channels including branch network, tele-sales, direct sales, affluent and private banking. Coordinates with the business and sales teams to align target settings with the overall budget. Collaborates with Support and MIS to ensure reporting requirements are met. Communicates with business line managers and senior management on plan, budget, pricing, target setting and performance management reporting. Supervises the preparation of timely and accurate reports to meet Riyad Bank and department requirements, policies and standards. Represents the function in committees / meetings (internal and external) as applicable and per authority levels to ensure timely and efficient handling of matters. Ensures staff have clear objectives, regular performance feedback, formal annual appraisals and development plans, with emphasis on developing Saudi national staff. Ensures and facilitates the employment, training and development of Saudi nationals within the organization. Ensures compliance with safety, quality and environmental management policies, procedures and controls across the department to guarantee employee safety and regulatory / compliance standards. Qualifications

Minimum Qualifications : Bachelor’s degree in Business Administration and Finance, with preferably Chartered Accountant or CPA. 8-10 years of relevant experience in retail banking services in a financial institution, including at least 3 years in progressively more senior managerial roles. Seniority level

Mid-Senior level Employment type

Full-time Job function

Finance, Analyst, and Management

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