Head of Consumer Finance - Riyadh, Saudi Arabia
Up to $100k USD + benefits + bonus + accommodation allowance + education allowance + relocation package for overseas candidates
Working with a leading banking/ financial services client based in Riyadh, Saudi Arabia. Open to Saudi nationals, fluent Arabic speakers & Western applicants looking to relocate.
Credit Cards/ POS focus
The main objectives of the role will be to manage the Consumer Finance business unit, growing the customer base and managing customer relationships and commercial portfolios to ensure profitable growth and delivery of a high quality customer service
KEY ACCOUNTABILITIES:
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Contribute to development and execution of consumer finance strategy and sales plan and ensure alignment with the bank’s strategy
Contribute to development and execution of consumer finance strategy and sales plan and ensure alignment with the bank’s strategy •Manage the Personal Finance team to ensure delivery of budget
Manage the Personal Finance team to ensure delivery of budget•Maximise revenue from consumer finance products to increase the company’s market share
Maximise revenue from consumer finance products to increase the company’s market share•Build the strategy for each product and achieve product targets for each segment
Build the strategy for each product and achieve product targets for each segment•Ensure personal finance products are of high value to the customer and reflect the market’s needs
Ensure personal finance products are of high value to the customer and reflect the market’s needs•Compare performance of each product vs. peers/ market and develop approach to ensure competitive advantage
Compare performance of each product vs. peers/ market and develop approach to ensure competitive advantage•Maintain strong relations with strategically-important customers, ministries and governmental bodies
Maintain strong relations with strategically-important customers, ministries and governmental bodies•Review personal loan offers, assess risks and approve or reject applications according to the authorised regulatory limits
Review personal loan offers, assess risks and approve or reject applications according to the authorised regulatory limits•Review delay reports and facilities reports to identify questionable accounts and submit to the Head of RBG for appropriate action
Review delay reports and facilities reports to identify questionable accounts and submit to the Head of RBG for appropriate action•Coordinate with PMG to develop new products or derivatives of existing products in order to meet customer requirements
Coordinate with PMG to develop new products or derivatives of existing products in order to meet customer requirements•Develop close working relationships with auto dealers and real estate dealers to market the bank’s consumer finance products
Develop close working relationships with auto dealers and real estate dealers to market the bank’s consumer finance products•Formulate and execute an effective talent management plan for direct reports, identifying learning and development needs and support development of an infrastructure for training
Formulate and execute an effective talent management plan for direct reports, identifying learning and development needs and support development of an infrastructure for training•Develop and nurture all subordinates and ensure succession plans are in place for all Consumer Finance roles
Develop and nurture all subordinates and ensure succession plans are in place for all Consumer Finance rolesCORE COMPETENCIES:
•Senior leadership
Senior leadership•Strategic thinking and vision
Strategic thinking and vision •Brand value champion
Brand value champion•Customer-centric strategic business development skills
Customer-centric strategic business development skills•Good commercial judgment
Good commercial judgment•Knowledge-sharing and open communicator
Knowledge-sharing and open communicator•Ability to contribute to senior team performance
Ability to contribute to senior team performanceEssential Job Requirements:
Education:
Degree qualified- advance/ graduate degree preferred
Experience:
Previous experience within credit cards & POS
7+ years experience within a bank in this area
An impressive record of achievement & success
Competencies:
Fluent in Arabic preferred but NOT essential
Strong analytical skills
Good presentation, communication, and interpersonal skills
Benefits:
Tax free earnings
Fantastic relocation package including initial set up costs, flights and visas.
CEO of the bank has put new plans in place to turn around the whole company. There is a new, very strong management team in place with a strong structure with good operating and development plans.
Package including great Salary, Bonus, Grants, Accommodation Allowance, Education Allowance - All tax free
To apply in confidence please email your CV and your initial thoughts on Saudi Arabia to global@firstresortrecruitment.com
