ROLE PURPOSE & OBJECTIVE
- Support creation and periodically modification of bank's medium to long-term strategy ensuring seamless translation of strategic objectives into actionable business plans and measurable outcomes across all business verticals.
- To identify, plan, and support execute strategic initiatives that drive sustainable liabilities growth, reduce cost of funds, improve branch and overall profitability in alignment with organizational vision and regulatory requirements.
- Ensure envisioned outcomes of the identified initiatives are achieved within desired timelines.
- Monitor and report on key performance indicators to measure the success of strategic initiatives
SIZE OF THE ROLE
FINANCIAL SIZE
NON-FINANCIAL SIZE
Liabilities: 36,000+ Cr.
- Number of portfolio products: 20+
KEY DUTIES & RESPONSIBILITIES OF THE ROLE
Business/ Financials
- Support the annual strategic planning exercise across businesses and quarterly strategy reviews
- Develop deposit mobilization strategies to support asset growth and optimize cost of funds
- Oversee the conduct of in-depth market research and competitive analysis to identify growth opportunities and potential threats.
- Analyze industry trends, best practices and competitive landscape to guide strategic thinking and decisions.
- Oversee liability portfolio performance including CASA ratio optimization and deposit retention strategies
- Formulate branch expansion strategies ensuring 25% rural presence requirement
Customer (Both Internal & External)
- Study customer segments and work with businesses to identify new products and services or recommend changes to current offerings
- Collaborate with branch teams to improve customer acquisition and relationship deepening initiatives
- Identify customer experience enhancement initiatives
- Identify partnership opportunities with fintech companies
Internal Process
- Management presentations on strategic initiatives and market developments
- Collaborate extensively internally to ensure the Banks strategy is effectively structured and embedded so that teams and colleagues know how they contribute to the Banks overall objectives.
- Establish governance frameworks for strategic initiatives, ensuring that all new initiatives are monitored for success and aligned with the banks strategic priorities.
- Collaborate effectively with Finance team to ensure robust monitoring and reporting of the Banks progress against its objectives.
- Develop performance management frameworks to monitor strategic initiatives across business verticals, ensuring timely and effective execution.
- Provide feedback on required analysis to advance solution development and to support execution of strategic initiatives, digital growth and data-based decisions in day to day working of the bank
- Analyze risks and complex issues to provide strategic guidance & efficient solutions.
- Ensure timely submission of all regulatory reports with zero non-compliance instances
Innovation & Learning
- Research industry best practices and emerging trends in liability management
- Support organizational transformation and change management initiatives
- Promote a culture of innovation and data orientation across the bank by encouraging teams to develop creative solutions for business challenges.
- Foster collaborative working relationships across departments and regions
MINIMUM REQUIREMENTS OF KNOWLEDGE & SKILLS
Educational
Qualifications
-
Essential
: Master's degree in Business Administration (MBA) from reputed institution with specialization in Strategy, Finance, or Banking -
Preferred
: Additional professional qualifications such as CFA, CA, or equivalent -
Alternative
: Master's in Economics, Finance, or related field with demonstrated strategic experience
Experience Range (Years and Core Experience Type)
-
Minimum
: 8-12 years of progressive experience in banking, financial services, or strategic consulting.
Certifications
- Certifications in Strategic Planning, Digital Transformation or Business Analytics will be advantageous
Functional Skills
-
Financial Analysis
: Advanced financial modeling, ratio analysis, and performance measurement -
Strategic Planning
: Business plan development, competitive analysis, and market research -
Data Analytics
: Proficiency in data-driven decision making and analytics tools -
Regulatory Knowledge
: Deep understanding of RBI guidelines, banking regulations, and compliance requirements -
Project Management
: Experience managing complex, multi-stakeholder strategic initiatives
Behavioral Skills
-
Strategic Thinking
: Ability to analyze complex business scenarios and develop long-term solutions -
Communication
: Excellent presentation and stakeholder management skills for board and senior management interactions -
Leadership
: Strong collaborative leadership style to influence without direct authority -
Analytical Mindset
: Data-driven decision making with attention to detail and accuracy -
Adaptability
: Ability to thrive in fast-paced, regulatory environment with changing priorities
Competencies
-
Business Acumen
: Understanding of banking business models, revenue drivers, and risk factors -
Stakeholder Management
: Building relationships across internal teams and external partners -
Problem Solving
: Systematic approach to identifying issues and developing actionable solutions -
Change Management
: Leading organizational transformation and strategic initiatives
KEY INTERACTIONS
INTERNAL
EXTERNAL
- Bank-wide departments on Products, Processes & Governance
- All Vertical / Functional stakeholders
- IT Project Teams
- Consultants
- Vertical Heads of Technology Vendors and Fintech Partners
