Head, Salary Business Segment at VFD Group

Job Summary

• The Head, Salary Business Segment is responsible for developing and executing strategies that enhance salary account acquisition, deposit growth, and credit solutions for salaried employees. The role focuses on seamless salary processing, payroll partnerships, and financial products tailored for employees.

Job Details

• Develop and execute initiatives to grow the salary business segment and enhance customer experience.
• Drive the acquisition of new salary accounts and ensure seamless salary processing.
• Implement strategies to increase new deposits and loan disbursements within the segment.
• Build and maintain partnerships with corporate organizations to facilitate payroll account onboarding.
• Enhance product offerings, including salary advances, credit solutions, and savings plans for salaried employees.
• Collaborate with marketing and digital teams to drive targeted campaigns for salary earners.
• Ensure high active salary accounts ratio and monitor payroll partnerships' success.
• Maintain compliance with regulatory requirements and internal financial policies.

Requirements

• Bachelor’s degree in Banking, Finance, Business Administration, or a related field (Master’s preferred).
• Minimum 10 years of experience in retail banking, salary processing, or financial product management, with at least 5 years in a leadership role.
• Strong knowledge of payroll processing, corporate banking relationships, and lending solutions.
• Demonstrated ability to drive customer acquisition and deposit mobilization.
• Excellent relationship management, negotiation, and leadership skills.