Standard Chartered Bank - We're an international bank, nimble enough to act, big enough for impact. For more than 160 years, we've worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before. As a leading international bank, we strive to help people and businesses prosper across Asia, Africa and the Middle East.
We are recruiting to fill the position below:
Job Title: Business Development Manager, Priority Banking
Requisition Number: 55357 Location: Lagos, Nigeria
Job Schedule: Full time (Permanent)
Global Grade: Band 6
Job Summary
As a Business Development Manager, Priority Banking you'll be responsible for acquiring, retaining and deepening banking relationship with clients of Priority Banking & Dollar Millionaires to drive business growth and meet the bank's strategic objectives.
You’ll help bring in Priority clients, set wealth goals, manage investments, and create portfolios for long-term growth and stability. You’ll be supported by specialists in the areas of investment, insurance, products and treasury to provide clients with comprehensive solutions.
This is an opportunity for you to demonstrate your relationship management, sales, customer service and communications skills. Our Relationship Managers can advance their careers across client segments or explore roles across Wealth and Retail Banking.
The role holder is responsible for driving profitable volume growth through new business acquisition and maximizing every customer (both new and existing) engagement. Their focus is on the Priority segment, onboarding, uncovering customer’s needs and providing them with the right product & service solution from the full range of Retail Banking products offered.
Key Responsibilities
Strategy:
It is expected for the role holder to be customer centric and provide excellent customer service to complete customer’s experience. Role holder is also expected to have some knowledge and experience in offering a range of products to meet the customer’s needs.
Business:
Ensure meeting client requirements while ensuring compliance with regulations and controls as set by the bank and external regulators.
Processes:
Ensure I remain alert to the risk of money laundering and assist in the Bank’s efforts in combating it by adhering to the key principles in relation to:
“Identifying your customer, knowing your customer, reporting suspicions, safeguarding records and not disclosing suspicions to customers”
Observe clear desk policy always
Job Purpose
Oversight of Onboard New To Bank (NTS) Priority and Premium Clients
Onboard NTB and New to Segment (NTS) potential clients with multiple product needs (e.g. Wealth Management, Wealth Management Over Draft, Mortgage)
Engage NTB and NTS clients via leads sourced from sources like agency, alliances and owners of our Supplier & Buyer ecosystem
Ensures that the applications meet the required standard
Ensure the anomalies / errors / omissions are attended to before submitting the application for processing.
Risk Management:
Responsible for identifying, assessing, monitoring, controlling and mitigating risks to the Group. Also, an awareness and understanding of the main risks facing the Group and the role the individual plays in managing them
The ability to interpret the Group’s financial information, identify key issues based on this information and put in place appropriate controls and measures
Ensure money laundering requirement as follows:
Take all reasonable steps to verify and identify our customers e.g. completing Know Your Customer checklist for all customers
Retain adequate records of identification, account opening and transactions
Raise awareness of money laundering prevention by training all staff
Ensure you remain alert to the risk of money laundering and assist in the Bank’s efforts in combating it by adhering to the key principles in relation to:
“Identifying your customer, knowing your customer, reporting suspicions, safeguarding records and not disclosing Suspicions to customers”.
Monitoring of client onboarding to ensure compliance with standards.
Resolving exceptional investigations and inquiries and liaising with other functions to ensure that issues are resolved.
Analysis and reporting of management statistics
Risk Management & Compliance:
Ensure full awareness of all policies and procedures issued in relation to money laundering prevention and KYC.
Ensure compliance with the above policies on an ongoing basis and reported any suspicious transaction immediately to the supervising officer.
Ensure full awareness of all policies relating to operational risk, sales processes, mis-selling, etc and comply with the same.
Read, understand and comply with all provisions of the Group Code of Conduct.
Governance:
Responsible for assessing the effectiveness of the Group’s arrangements to deliver effective governance, oversight and controls in the business and, if necessary, oversee changes in these areas
Awareness and understanding of the regulatory framework in which the Group operates, and the regulatory requirements and expectations relevant to the role.
Responsible for delivering ‘effective governance’; capability to challenge fellow executives effectively; and willingness to work with any local regulators in an open and cooperative manner.
Regulatory & Business conduct:
(This is mandatory standard wording, please tailor wording in brackets, do not remove).
Display exemplary conduct and live by the Group’s Values and Code of Conduct.
Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters. * Local regulator - CBN
[Where relevant - Additionally, for subsidiaries or relevant non -subsidiaries]
Serve as a Director of the Board of [insert name of entities]
Exercise authorities delegated by the Board of Directors and act in accordance with Articles of Association (or equivalent)
Key Stakeholders
Internal:
Relationship Manager
Relationship Managers, and peers in Wealth and Retail Banking (WRB) Nigeria
Corporate Investment Banking Team
CAB &M
Branches
Credit
Wealth Management team
Group Internal Audit
External:
Clients & Regulators
Other Responsibilities:
Embed Here for good and Group’s brand and values in [NIGERIA / Retail Clients / BSSE team],
Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.
Multiple functions (double hats); [List all responsibilities associated with the management of more than one role]
Business Development:
Provide leadership to the Priority & International Clients Acquisition team and supports the team in carrying out the following responsibilities:
Prepare & set up (remote)
Receive leads from leads management system – Self referrals, NTB from clients, Staff, Alliances, Agency, Priority Centre, Business Banking.
Conduct research and preparation on client lead and prepare Bank’s proposition
Prepare all documents (digital) required for account opening and pre-fill forms where possible
Sources of Leads:
Owners of CC and BB companies and top management staff of C&IC Companies
Introducers
Paid referrals
Alliances Call/meet, deep sell (in person)
Call or meet in person.
Listen and determine further needs.
Communicate the proposition.
Acquire clients with anchor products.
Set up KYC needs with KYC centre.
Educate and conduct initial set up for online, ATMs, Client Centre, and Branch
NTB: On-board, Activate and pass on (remote)
On-board, activate as per the 365-day plan.
Prepare and pass on Client into interacting with the Bank via Online, Client Centre and Branch
Ask for referrals.
Service Quality:
In consultation with Head Acquisition, determine monthly plans and implement sales and service process to achieve committed targets for incremental business.
Provide truly professional customer service to achieve a high level of customer satisfaction and retention by:
Consistently adhering to local and international service standards in onboarding clients
Practice service excellence in handling customer issues, complaints, product enquiries in a timely, problem-
Free and responsive manner.
Provide a high level of professionalism in conducting financial analysis and profiling with customers.
Recommending improvements in operational processes, procedures and products based on monitoring of customer feedback to ensure constant enhancement of service levels and efficiency.
Carry out responsibilities as may be assigned from time to time.
Other Responsibilities:
Embed Here for good and Group’s brand and values in Nigeria, WRB Affluent Banking team]; Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures; Multiple functions (double hats); [List all responsibilities associated with the role]
Qualifications
Candidates should possess a Bachelor's or Master's Degree is an added advantage
10 years relevant sales expereince in the financial sector managing high net worth individuals.
Excellent Presentation skills
Strong relationship management
Good communication skills
Skills and Experience:
Manage Conduct
Manage Risk
Stakeholder Management (CPBB, CCIB, CAB &M)
Effective Communication
Regulatory Environment – Financial Services
Addressing Customer Needs
KYC/CDD
What We Offer
In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing:
Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations.
Time-off including annual leave, parental/maternity (20 weeks), sabbatical (12 months maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum.
Flexible working options based around home and office locations, with flexible working patterns.
Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning.
Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.