Head of Savings Mobilization

Responsibilities:

• Develop and execute comprehensive savings mobilization strategies to meet organizational goals and objectives.
• Savings liability Products development 
• Savings Staff selection and management, including training
• Design and launch savings products and services that cater for various customer segments, ensuring their attractiveness and competitiveness in the market.
• Conduct market research and analysis to identify customer needs, preferences, and trends related to savings and implement appropriate strategies accordingly.
• Build and maintain strong relationships with existing and potential customers to foster loyalty and encourage continuous saving behavior.
• Lead and manage a team of savings mobilization officers, providing guidance, support, and training to ensure their effectiveness in promoting savings.
• Collaborate with marketing and communication teams to develop promotional campaigns and materials that effectively communicate the benefits and features of savings products.
• Monitor and analyze the performance of savings products and services, regularly reviewing key metrics, and making data-driven recommendations for improvements.
• Stay updated on industry trends, regulatory requirements, and best practices related to savings mobilization and incorporate them into the organization's strategies.
• Develop and maintain effective partnerships with relevant stakeholders, such as financial institutions, NGOs, and government agencies, to leverage resources and expand outreach.
• Prepare regular reports on savings mobilization activities, progress, and outcomes, presenting them to senior management and stakeholders.

Requirements:

• Minimum academic qualification of BSc./BA/HND Degree in Banking & Finance, Marketing and any other related course.
• Possession of MSc/MA/MBA or related professional qualification is an added advantage
• 5 years’ experience of work experience
• Proven experience in savings mobilization, retail banking, microfinance, or a similar field, preferably in a leadership role.
• Strong understanding of financial products, savings concepts, and customer behavior in the financial services sector.
• Familiarity with regulatory frameworks and compliance requirements related to savings mobilization.
• Demonstrated ability to develop and implement effective savings mobilization strategies, leading to measurable results.
• Experience in product development, market research, and analysis to identify customer needs and preferences.
• Excellent knowledge of financial industry trends, emerging technologies, and digital banking solutions.
• Strong analytical and problem-solving skills, with the ability to interpret data, identify patterns, and make informed decisions.
• Exceptional communication and presentation skills, with the ability to effectively communicate complex ideas to diverse stakeholders.

Skills & Competencies:

• Retail banking experience
• Product development skills
• Savings Staff selection and management, including training
• Strong sales and negotiation skills to attract and retain customers.
• Proficiency in financial analysis and forecasting.
• Excellent interpersonal skills to build and maintain relationships with customers and stakeholders.
• Ability to work effectively in a fast-paced and dynamic environment, managing multiple priorities.
• Proficiency in using relevant software and technology tools for data analysis, reporting, and customer relationship management.
• Attention to detail and accuracy in managing financial transactions and records.
• Innovative thinking and ability to adapt to changing market dynamics and customer preferences.

Remuneration: NGN 350,000 and above