Vice President-Business Management

Job Description

This role holder is responsible to monitor all branch/Direct-Sales/ business activities and performance, ensure that all activities are aligned with SOPs, bank’s standards and regulatory requirements and also in line with overall plans and strategy. This role holder is also responsible to work on solutions for any identified lapses, gaps and new requirements.

Revenues/ Budget:

Monitoring the overall yearly BSC KPIS

Monitoring revenue

Monitoring Business Acquisition

Cost Efficiency

NPS

Direct Reports:

FAB Islamic Finance

Islamic Portfolio

Business Planning & Support - Islamic

Strategic Contribution

• Ensure effective cascading of the functional strategy into department business plans to ensure vertical alignment and horizontal integration with other interfacing departmental strategies.
• Create and implement company’s strategies and action plans that incorporate key actions that work to set KPI’s for the business and the organization

People Management

• Demonstrate exceptional leadership skills, portraying an ability to move and inspire a large group in a unified direction and vision.
• Manage the effective achievement of assigned objectives through the leadership of the department’s staff by setting of individual objectives, managing performance, developing and motivating staff to maximize sectional performance.
• Lead the talent development initiatives for the assigned department, collaborating with technical/discipline experts and thereby ensure the availability of talent to fit business requirements.
• Act as a role model and drive adherence to organizational values and ethics by employees of the assigned department to foster a value driven culture within the company.

Budgeting and business Planning

• Manage the preparation and recommend the department budget and monitor financial performance versus the budget while ensuring all sectional activities are conducted in line with the approved guidelines.

Policies, Systems, Processes & Procedures

• Manage and ensure effective implementation of approved functional policies, procedures and controls covering all areas of assigned department activity so that all relevant procedural/legislative requirements, fulfilled while delivering a quality, cost-effective service.

Continuous Improvement

• Lead the identification of opportunities for continuous improvement and sustainability of systems, processes and practices considering global standards, productivity improvement and cost reduction.

Reporting

• Demonstrate high proficiency in reporting tools and platforms, which are necessary for the creating both visually and verbally engaging reports and presentations for the management.

• Ensure that all unit reports are prepared timely and accurately and meet FAB Islamic, and FAB Group requirements, policies and quality standards.
• Utilize analytics tools and work with the business management support team in undertaking detailed analyses of business performance for the purpose of reporting sales strategy successes, weaknesses, and opportunities.

Specific Accountability

• Develop strategic outlook and plan for the business in conjunction with the CEO, Branch Distribution/Sales/Product Heads

• Emphasis on business process performance using the analysis, monitoring, reporting and optimization of business processes and business activities
• Collecting, monitoring and reporting relevant data used to analyse business performance in high professional and presentable business dashboards

• Monitor efficiency, productivity, business continuity and evaluate the resource requirements across and recommend the required correction actions

• Identify benchmarks of performance – qualitative & quantitative (Balanced Scorecard) in conjunction with the Group Strategy Planning Department and all company’s department  

• On-going review of internal controls, procedures, SOPs and services for corrections and enhancements in cooperation with the relevant departments

• Play a focal role with regard to communicate with Business Lines and other support functions within the Group & the Finance Company (In collaboration and agreement with all counterparts.)

• Review, streamline if necessary and sign off any new product, service or processes intended to be introduced

• Work closely with the Finance Department of the company and Group Finance in all business aspects like budget preparation, reporting platforms and all regulatory limits related to business exposure… etc

• Support reengineer, centralize and/or automate branch processes to better fit the smart branch concept. Work with all stakeholders towards smooth & controlled transition. Implement and monitor the E2E changes, measure the impact and fine tune as and if required

• Involve in high level in audit, Risk & Compliance Reviews & Ratings of the company

• Functions within the framework and boundaries of Group policies as well as overall organizational and governance frameworks.
• Authorized to take decisions as per the approved authorization matrix.

Qualifications

Minimum Qualification

• Bachelor’s degree Finance

Minimum Experience

15 years’ relevant experience in the banking & Financial Institutions sector within a fast-paced and dynamic business environment with at least 5 years in similar positions of progressively increasing managerial responsibilities in the Strategy / Business Planning function.

Additional Information