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  • Posted: Jun 24, 2015
    Deadline: Not specified
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    In 1965, the Standard Bank of South Africa merged with the Bank of West Africa acquiring businesses including a banking operation in Nigeria, which dated back to 1894. The name was then changed to Standard Bank of West Africa. Four years after the merger, Standard Bank Nigeria was incorporated locally to take over the business in Nigeria. In 1971, 13% of the...
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    Business Development Manager - Priority and International Client

    Job Purpose:
    Market engagement for Africa (with primary focus Nigeria), by:

    • Ensuring that local Relationship Managers are trained to refer only those prospects which meet the criteria to become a Standard Chartered Bank Jersey (SCBJ), Priority Client
    • Being the first point of contact for all referrals made to SCBJ
    • Being able to assess the performance of the local RMs by keeping track of each referral and the success rate of these referrals (conversion rate)
    • Ensure that pitches and follow-ups to prospective clients are consistent (CEMs is correctly used)
    • Driving AUM growth in Jersey by targeting clients’ existing offshore funds held with a competitor bank and generating new business that is both high value and high quality and does not cannibalize onshore Priority Banking deposits / investments (clients with international wealth and banking needs)
    • Being able to build own network in each country – through personal knowledge and experience
    • Ability to provide an appropriate level of information (regarding services offered by SCBJ) required by a prospective client
    • To actively promote SCB Jersey to prospective clients.

    Key Responsibilities:
    Interface with local Relationship Managers (“RMs) for:

    • Prospect Management – handle all referrals from locally based RMs for their clients who are interested in offshore banking
    • Pre-approval of prospects – ensure prospects being referred meet PIC Jersey criteria
    • Feedback on prospects/applications - ensure that all business is accurately tracked and monitored. Feedback to be given to local RM (responsible for referral) on unsuccessful applications
    • Obtaining some initial KYC information and documentation before account opening pack is sent to Jersey
    • Involved in arrangement of client/local network events
    • Collateral co-ordination in markets covered (e.g. desk drops, “goody” bags for local RMs, desk top calendars, etc.)
    • Continual training for local branches and local RMs (on Offshore Bank offering, calibre of prospects, etc)
    • Responsible for developing and maintaining relationships with all group in-country staff to encourage offshore referrals
    • Arrange client/local network meetings along with Team Leader Acquisition where necessary (i.e. when Team Leader Acquisition /Senior SCBJ personnel are in country)
    • Carry out prospecting activity through all available channels; i.e. Face to face meetings, group presentations, telephone, marketing communications, third party introducers.

    Key Measurables

    • New AuM raised of USDXm+
    • X NTB client accounts annually (X new accounts to be opened per month)
    • Conversion rate of 1 NTB client for every 3 prospect meetings held
    • Reduction in time taken to get an account opened (client experience)
    • Reduction in account application rejection rates (Zero)
    • Reduction in time taken for NTB clients to begin funding their new account
    • Reduction in time taken for NTB clients to make their first investment (within 3 months of account being funded). This will be done by ensuring each new client is made aware of services offered by SCBJ
    • Introduce two/three referral agents each year (lawyer/accountant/expat relocation agent, etc.) to Regional Market Manager for the region covered

    Experience Profile

    Knowledge / Skills / Experience Required:

    • Proven track record of sales activity
    • Strong presentation skills
    • Positive customer service mentality
    • Planning and organizational skills
    • Relationship building skills
    • Strong interpersonal skills & communication skills.
    • Ability to deal with people at all levels.
    • Sound knowledge of banking products and services and banking procedures.
    • Team player who shows initiative and assertiveness.
    • Self-motivator who is keen to upgrade and improve personal knowledge and skill to meet the job requirement.
    • High level of integrity and professionalism

    Qualifications and Skills
    In compliance with the National Youth Service Corps (NYSC) Act of 2004, all applicants should ensure that they have completed the mandatory NYSC programme. A discharge certificate will be required as evidence of completion of the programme. Where an exemption has been granted, a certificate of exemption will also be required.

    Method of Application

    Interested and suitably qualified candidates should click on preferred job titles to apply online.

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