Head, Product Economics at Standard Bank Group

Qualifications

Minimum Qualifications

• First Degree in Business Commerce

Experience Requirements 

• 7-10 years of experience in analyzing product profitability and understanding lagging and leading indicators within the financial service industry. 
• Knowledge and understanding of Vehicle and Asset finance 
• Experience in cost analysis, credit risk, income management and capital management.
• Preparing and monitoring risk appetite framework in alignment with the broader VAF strategy in consultation with Credit.
• Identifying new revenue streams and product efficiencies to enable headline earnings growth.
• Providing input and guidance on revenue leakage, revenue optimization, revenue mix and performance metrics.
• Providing consolidated oversight and insights of all initiatives undertaken.
• Tracking and forecasting revenue and costs to ensure alignment with budgeted expectations (e.g. performance (headline earnings, balance growth, volumes, new accounts, cross-sell, up-sell) and business case materialization.
• Actively driving the product target setting (budgeting), at all iterations i.e. RE’s, etc.
• Tracking and forecasting origination, closures, pre-payments, cross-sell, dormancy, usage and product lifecycle trends and influences responsible functions by provision of relevant insights.
• Tracking actual product performance and providing guidance on the tactical implementation to deliver the desired results in the front line and drives lowest cost of delivery for product strategy. 
• Advising product management on key financial drivers that impact on product economics, including economic profit, funding costs and capital management.
• Managing product portfolio financials and regulatory requirements.
• Analyzing and presenting emerging market trends and associated risks and opportunities.
• The incumbent needs to have an in depth understanding of VAFs product levers in order to avoid manage shareholder value add.
• Managing front line adherence to product requirements in a decentralized model.
• There must be comfort in ability to handle a large degree of complexity and variation across the Africa Regions – each with their own economic drivers, legislation and targets.
• Continuous legislative changes need to be taken into account.
• The incumbent needs to be able exert significant influence in Africa Regions

Additional Information

Behavioral Competencies:

• Articulating Information
• Convincing People
• Developing Strategies
• Directing People
• Embracing Change
• Empowering Individuals
• Interacting with People
• Making Decisions
• Providing Insights
• Resolving Conflict
• Thinking Positively
• Understanding People