Executive Manager, Pricing and Capital - Sydney, Australia - Commonwealth Bank

Commonwealth Bank

Verified Company

Sydney, Australia

3 weeks ago

Posted by:

Olivia Brown

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Description

Permanent Full Time Opportunity

You are an expert in creating new pricing models to facilitate pricing of new products, and adept in optimising capital usage in business lending
Together we can drive the Business Bank's strategic growth objectives

_See yourself in our team _

Business Banking (BB) manages relationships with Commonwealth Bank's small-medium enterprise customers, mid-market corporate customers, major clients and regional and agribusiness customers, providing a wide range of financial services and solutions.

It also services our personal and institutional online trading customers.

Business Lending (BL) is a product and specialised sales team that offers working capital, business loans, asset finance, corporate finance, and property finance to our customers.

It also has responsibility for Line 1 risk and controls for these products. BL is directly responsible for product management, process management, portfolio / pricing management and financial difficulty management. It also works closely with bankers, data and analytics, digital and customer experience teams.

The Chief Operating Office for Business Lending exists to power Business Lending to Operating Excellence through teams and initiatives that span all areas of Business Lending.

The Pricing and Capital team is accountable for commercial lending pricing settings and approvals, optimisation of capital usage for business lending customers and analysis of relationship and portfolio returns to drive the Business Bank's strategic growth objectives.

_Do work that matters _

Reporting the Chief Operating Officer Business Lending, you will manage and direct the development and enhancement of the pricing of lending products for the organisation and the targeting of customer segments on pricing dimensions.

_Other duties include:
_

Leading the development of the pricing and capital strategies that balance the needs of a variety of stakeholders.
Lead pricing analysis with consideration of portfolio, product, segment and risk.
Lead the Pricing Desk responding to front line deals.
Work proactively with stakeholders including front line, Treasury, Line 2, Capital and others to run an efficient portfolio.
Monitoring the marketplace and regulatory environment to stay fully informed about product trends and results in order to continually assess needs and opportunities for the organisation
Hiring, training, developing, setting goals for, and evaluating permanent product development staff; leading in the creation and direction of temporary project teams to support the design and launch of new products

_We're interested in hearing from people who have; _

Understanding of regulations in capital lending environment, and experience in implementing specific policies or practices based on laws or regulations governing these practices
Excellent stakeholder engagement, influencing and relationshipbuilding skills
Demonstrated ability to drive business growth and strategically problem solve

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Risk Mindset - all CommBank employees are expected to proactively identify and understand, openly discuss and act on current and future risks

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Advertising End Date: 15/09/2023