AVP - Senior Manager - Foreign Exchange Services

Experience Required-2-8 Years.

- Developing the product proposition for Foreign Exchange services (FES) for the Organization with comprehensive coverage of all allied business segments (Foreign currency cash management, AD II /FFMC remittances, referral businesses, Travel cards etc).

- Implementing and executing the Product and Marketing Strategy with complete Business P/L responsibilities.

- To achieve or exceed the targets on Revenues, Costs, Profitability, Penetration, Customer Satisfaction, etc. by creating and implementing innovative products and services through Trade Finance and Services franchise

- Demonstrate active involvement in the definition and implementation of product strategy.

- Define the revenue model for each Product/ Business and P&L delivery plan.

- Develop a product specific CRM and manage/support the sales teams in Market segmentation and target prioritization.

- Identifying and engaging with industry partners/regulators to further the foreign exchange business of the Bank

- Define the service proposition for each product domain benchmarked against best in class offering and work with the service delivery partners in creating the enabling framework for delivery.

- Design, Develop and Implement variety of innovative Marketing, promotions / schemes / programs for cross-sell and up-sell of products/services;

- Publish relevant MIS and share analysis with relevant Internal Stakeholders/ Top Mgmt

- Identify and Implement the best available and appropriate technology for all the products /channels.

- Ensure effective Internal Control systems are in place and related procedures and techniques are developed and implemented so as to minimize credit, regulatory and other operational losses

- Own overall responsibility for the various functions including Sales, Business Development, credit, profitability, etc. for products under management.