Head of Commercial Deposit Products Department - Metropolitan Bank and Trust Company

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Position Title: Head of Commercial Deposit Products Department

Job Summary:

• The Commercial Deposit Products Department Head is responsible in leading a dynamic team to drive business growth while ensuring operational efficiency
• The Commercial Deposit Head shall act as the overall business manager covering the product’s development, commercialization, execution/ implementation, enhancement, servicing, risk mitigation capabilities and profitability

Specific Duties & Responsibilities:

• Align product/business plan with the overall objective and vision of the Bank
• Oversee and approve the product/business plans covering market segmentation, product positioning, competitive analysis, sales strategy, pricing strategy and product enhancement to ensure business growth
• Approve pricing for commercial deposit product
• Oversee and approve product marketing/commercialization strategy to increase sales activities and product take up (e.g., internal/external product campaigns) in coordination with the CXMD and Marketing

• Review and approve commercial deposit product manual
• Review and approve proposed changes in commercial deposit products
• Review and approve proposed process changes related to the product/customer segment.
• Monitor commercial deposit product performance and P&L
• Collaborate with internal and/or cross-functional partner units to deliver overall business objectives and requirements of commercial deposit products
• Coordinate with external parties/vendors on product supplies and other items that will support the product features, if any.
• Perform other related functions that may be assigned from time to time

• Assess risks on commercial deposit products and ensure that products have necessary controls in place to avoid incidences of AMLA, risk, internal and external fraud, and data privacy
• Understand regulatory requirements and compliance standards and applies accordingly to commercial deposit products and ensures compliance of all products with regulatory and internal policies.
• Coordinate with control units (e.g., Risk Management Group, Compliance Division, Legal Services Division, AMLD, etc) to mitigate risk/s on commercial deposit products and ensure compliance with regulatory requirement

• Provides leadership and guidance to Product Manager (PM) fostering a culture of innovation, collaboration and excellence
• Define Key Results Area (KRA) for PM
• Prepare annual budget for the department

Qualifications:

• Graduate of any business course
• At least 5 years of work experience in Banking Products and Services, Basic Banking Operations, Market Trends and competitor scan
• Understands market research, statistics and analysis
• Knowledge of development principles
• Good understanding of risk, compliance and regulatory requirements
• Ability to work with cross functional teams and under pressure of deadlines
• With good communication skills
• Emotional and social intelligence
• Good leadership skills

Other Details:

Office Location: GT Tower, Ayala Avenue, City of Makati