Vice President - Transaction Banking

Job Description-Transaction Banking

Job Summary : The Transaction Banking Head is a key leadership role responsible for overseeing and managing the transaction banking division within a financial institution. This position involves strategic planning, product development, client relationship management, and ensuring the effective delivery of transaction banking services. The Transaction Banking Head plays a critical role in driving revenue growth, managing risk, and enhancing the overall efficiency of transaction banking operations.

Responsibilities :

1. Strategic Leadership:

- Develop and execute the overall strategy for the transaction banking division in alignment with the organization's goals and objectives.

- Provide visionary leadership to drive innovation and identify new business opportunities in transaction banking.

2. Product Development:

- Lead the development and enhancement of transaction banking products and services, including cash management, trade finance, and treasury solutions.

- Collaborate with product teams to ensure offerings meet the evolving needs of corporate clients.

3. Client Relationship Management:

- Build and maintain strong relationships with key clients, understanding their business requirements and providing customized transaction banking solutions.

- Work closely with relationship managers to address client concerns, enhance satisfaction, and identify cross-selling opportunities.

4. Revenue Generation:

- Develop and implement strategies to grow transaction banking revenue, increase market share, and achieve financial targets.

- Identify and pursue new business opportunities, including expanding services to existing clients and acquiring new clients.

5. Risk Management:

- Implement robust risk management practices, ensuring compliance with regulatory requirements and internal policies.

- Monitor and assess risks associated with transaction banking activities and implement appropriate risk mitigation measures.

6. Operational Efficiency:

- Streamline and optimize transaction banking operations to improve efficiency and reduce costs.

- Implement technology solutions to enhance the digital capabilities of transaction banking services.

7. Team Leadership:

- Build and lead a high-performing team, providing guidance, mentorship, and support to team members.

- Foster a culture of collaboration, innovation, and continuous improvement within the transaction banking division.

8. Market Intelligence:

- Stay informed about industry trends, market conditions, and competitor activities in the transaction banking space.

- Use market intelligence to make informed decisions and maintain a competitive edge.

Requirements :

- Bachelor's degree in Finance, Business Administration, or a related field. Master's degree or relevant certifications (e.g., CTP, CFA) may be advantageous.

- 10 years+ experience in transaction banking, including a track record of successful leadership roles.

- In-depth knowledge of cash management, trade finance, and treasury solutions.

- Strong understanding of regulatory requirements related to transaction banking.

- Excellent leadership, communication, and interpersonal skills.

- Proven ability to drive revenue growth and manage complex client relationships.

- Strategic thinking and a results-oriented mindset.

- Familiarity with digital banking and financial technology trends.