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Relationship Manager ƒƒ‚ƒ‚‚ƒ‚‚“ Liabilities At Co-Operative Bank Of Kenya

Mirema School

Banking / Financial Services full time Nairobi Posted 2 months ago

The Co-operative Bank of Kenya Limited is incorporated in Kenya under the Company Act and is also licensed to do the business of banking under the Banking Act. The Bank was initially registered under the Co-operative Societies Act at the point of founding in 1965. This status was retained up to and until June 27th 2008 when the Banks Special General Meeting resolved to incorporate under the Companies Act with a view to complying with the requirements for listing on the Nairobi Securities Exchange (NSE). The Bank went public and was listed on December 22nd 2008. Shares previously held by the 3,805 Co-operative Societies and unions were ring-fenced under CoopHoldings Co-operative Society Limited which became the strategic investor in the Bank with a 64.56% stake. The Bank runs three subsidiary companies, namely: Kingdom Securities Limited: This is a stockbroking firm with the bank holding a controlling 60% stake. Co-opTrust Investment Services Limited: This is the fund management subsidiary wholly-owned by the bank. Co-op Consultancy & Insurance Agency Limited (CCIA): This is the corporate finance, financial advisory and capacity-building subsidiary wholly-owned by the bank. Our Vision To be the dominant bank in Kenya and the region, riding on the unique Co-operative Model providing innovative financial solutions for distinctive customer experience. Our Mission To offer a wide range of innovative financial solutions leveraging on our heavy investment in multi-channels, national and regional presence and with a focus on excellent customer experience by a highly motivated and talented team. Our Values We are Trustworthy We are Innovative and Agile We Value our Customers/People We Share and Collaborate We have Passion for Excellence We are Bold and courageous. The Role Specifically, the successful jobholder will be required to: Develop and nurture strategic relationships with the clients to ensure that the Bank maximizes on the business potential / wallet size of the customer. Continually recommend improvements and adaptations to existing systems, processes and structures in order to ensure current and future viability of the relationships. Acquire new corporate level clients and continuous monitoring and nurturing of the relationships to ensure that clients are always satisfied with the Bank’s services and solutions. Develop and package winning value propositions targeting major relationships with huge potentials for Cheap and Deposits, Quality Assets, Non-funded revenues and wide value chain/ecosystems. Identify key contacts and Key Business Influencers within the clients’ business and foster a relationship to ensure cutting edge information about the client’s business objectives, opportunities and threats for proactive management. Develop an intimate understanding of the client’s industry and business; analyze their modus operandi, management practices and market conditions affecting the long term sustainability and viability of the business and sector. Introduce specialist skills on specific products and product mix at the appropriate time and level in order to create solutions which effectively satisfy client needs. Initiate and monitor customer/Bank contact at all levels, ensuring that customers enjoy the highest standards of service. Proactively monitor markets and pre-empt risks for both the Bank and the client with timely identification of potential problem accounts and formulating appropriate risk mitigating strategies. Keep abreast of developments in the market; be aware of and target projects to be carried out by National and County Governments, Parastatals, and private sector Corporates, and onboard them including their ecosystems. Scope for and onboard collections business and main operations accounts from cash rich corporates in the assigned region. Fully activate Sales Force effectiveness through comprehensive account plans, deal pipelines, customer visits and call reports (DILO) and accelerated conversions to consistently meet the signed KPIs. Desired Skills and Experience A Bachelor’s degree in a Business related field: Marketing, Economics, Business Administration, Finance, Accounting, or any other relevant field from a recognized university. A minimum 3 years’ experience as a Relationship Manager managing corporate and institutional clients. Knowledge of various bank’s products and services including those that are being developed. Knowledgeable in Trade Finance transactions and its associated processes with experience in corporate lending especially to state owned institutions. Excellent understanding of credit, business and industry-associated risks profile of diverse industries. Analytical and presentation skills for pitching proposals and responses to Request for Proposals and for preparing credit applications. Demonstrate solid awareness in operational risk and quality while driving service excellence. Demonstrate good knowledge on financial institutions and professional bodies.