Company Description
Standard Bank Group is a leading Africa-focused financial services group, and an innovative player on the global stage, that offers a variety of career-enhancing opportunities – plus the chance to work alongside some of the sector’s most talented, motivated professionals. Our clients range from individuals, to businesses of all sizes, high net worth families and large multinational corporates and institutions. We’re passionate about creating growth in Africa. Bringing true, meaningful value to our clients and the communities we serve and creating a real sense of purpose for you.
Job Description
To position and drive the overall fee and interest pricing strategy aligned to the Client Solutions strategy, as well as build or conduct the relevant modelling/model building for Transactional and Liability products, whilst ensuring adherence to the governance is applied when effecting pricing changes, for both annual and ad hoc pricing reviews.
Qualifications
Bachelors Degree in Mathematics & Statistics, Physics, Accounting, Commerce, or related
Additional Information
Experience:
- 5-7 years: Experience to formulate as well as the implementation of a pricing strategy, developing pricing frameworks, logic and models.
- Experience in data management and knowledge of databases, SQL programming and understand the technicalities related to these systems.
- Knowledge of all banking and financial services solutions across transactional, liabilities, lending solutions, insurance, card and payments and other areas.
Key Responsibilities:
- Analyse market dynamics, pricing trends, market opportunities, operating and sales margins to develop reports, procedures and tools for pricing and price discounting for fees an interest.
- Assess the impact of pricing changes on the bottom-line as well as on customers and shares report with Product Managers on a quarterly basis.
- Build financial models, scenarios and complex interaction models to predict competitor and customer behaviour as input into pricing strategy.
- Curb income leakages by reviewing the transaction volume reports, liabilities and loan balances reports and analysing it to identify revenue leakages and produces a dashboard.
- Continuously review the pricing strategy in order to respond timeously to changes to the environment or competitive landscape and to ensure alignment between business activities and the required outcomes.
Behavioural Competencies:
- Challenging Ideas
- Exploring Possibilities
- Providing Insights
- Examining Information
- Thinking positively
Technical Competencies:
- Applications & Master Data Management
- Business Process Design
- Data Analysis
- Financial Acumen
- Project Management
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What We Do
As a brand with a legacy of 161 years in Africa, we have a deep understanding and belief in the boundless opportunities that this continent presents. Our vision extends beyond mere geography; it encompasses a profound recognition of the potential for growth that resonates within our people, customers, entrepreneurs, and all who share our unwavering commitment and passion for investing in Africa. With a presence in 20 countries across sub-Saharan Africa, we have cultivated a diverse community of the most skilled, innovative, and creative minds in the industry. Our purpose is to drive Africa's growth, acting as a catalyst for inclusive and sustainable economic development in the regions we serve. We strive to improve the lives of our fellow Africans by conducting business in an ethical and responsible manner. As a trusted partner, we consistently set higher standards and aspire to become better with each endeavour. We are more than just a banking institution; we are a driving force behind Africa's growth. Join us on this transformative journey. Together, we have the collective power to propel Africa into the future, making tangible progress for all who proudly call Africa home.
