Deposit Mobilization / Relationship Manager at Money Trust Microfinance Bank

Job Summary

• The Deposit Mobilization/Relationship Manager is responsible for leading marketing efforts to drive deposit mobilization of the bank. This entails developing and executing marketing strategies, fostering client relationships, and achieving monthly deposit targets through effective promotional efforts.
• It will also involve the acquisition and management of portfolio of corporate deposits (Sustain and grow a portfolio of corporate/executive clients by building long-term relationships.
• Identify deposit/financing and transactional opportunities and investment/deposit base.
• Act as a primary link to the clients for all Moneytrust Microfinance Bank solutions.

Key Accountabilities

• Develop and implement strategies to meet and exceed monthly deposit mobilization targets set by the bank.
• Expanding the Company’s transactional and other product offerings(Deposits) to current and prospective customers through enhancements of product suitability
• Collaborate with the marketing team to create marketing campaigns, promotions, and collateral materials tailored to target audiences in the industry.
• Drive deposit mobilization on the bank’s risk assets and liabilities by identifying and nurturing relationships with potential depositors, including high-net-worth individuals, corporations and institutional clients.
• Implement innovative approaches to attract new deposits and increase retention rates of existing clients.
• Own the primary relationship with the client by being the client’s main contact point for all corporate banking needs and the bank’s primary channel to the customer
• Conduct market research and analysis to identify potential market segments, trends, and opportunities within the microfinance industry.
• Understand the local market and the segments within which a customer operates/ develop local sector expertise and networks + build competitor knowledge
• Monitor market trends and competitor activities within the industry and provide insights and recommendations for enhancing deposit mobilization strategies.
• Prepare regular reports and presentations on deposit mobilization activities, performance metrics, and market insights, while ensuring full compliance with internal policies and procedures.

Requirements

• Education - Minimum of B.Sc. Degree in any discipline
• Experience - Must have a minimum of 5-6 years working experience as a Deposit Mobilization/Relationship Manager in any financial institution, with a proven record of accomplishment in successfully achieving deposit mobilization targets with a strong network of contacts in the microfinance sector.

Core Competencies:

• Ability to thrive in a fast-paced, dynamic environment with excellent communication, negotiation, and interpersonal skills.
• Strategic thinker with the ability to translate strategy into actionable plans with strong analytical and problem-solving abilities.
• Target and results-oriented and willing to take responsibility.
• Have the ability to initiate and pursue projects approved by management on one’s initiative.

Benefits

• Tuition Reimbursement
• Health Insurance
• Pension
• Group Life Insurance