Deposit Acquisition Manager (Bank) at Workforce Africa

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.