Senior Retail Banking Consultant - Saudi Arabia
ExperienceExpert (15+ years)
Est. StartApril 30, 2024
Duration6 Month(s)
Leading consulting firmLeading consulting firm
On Site
Saudi ArabiaSaudi Arabia
Middle EastMiddle East
Required Skills
Distribution Strategy
Strategy Consulting
Product Strategy
Project Overview

Opportunity Overview

We are on the lookout for a seasoned Retail Banking Consultant for a leading consulting firm in Riyadh, KSA. This contract role, spanning 4-6 months, seeks an individual proficient in English, with over 15 years of experience. The consultant will be instrumental in crafting and executing a retail banking strategy execution roadmap and documenting integrated programs, policies, and procedures for our client's retail asset and liability portfolio. Additionally, the consultant will undertake a diagnostic review of the bank's sales and distribution channels, identifying areas of improvement to align with strategic goals. This initiative is pivotal for enhancing the bank's retail banking distribution and operations, directly impacting its strategic positioning and operational excellence.

What You Will Be Doing

  • Developing a Retail Banking Strategy Execution Roadmap: Developing a comprehensive plan that evaluates the current state, outlines strategic objectives, and lists initiatives and action plans in alignment with the bank's overall strategy.
  • Diagnostic Review of Sales & Distribution Channels: Assessing the methodology and channels of retail banking sales and distribution to spot gaps and make alignment recommendations.
  • Retail Assets and Liabilities Documentation: Reviewing and developing integrated product programs, policies, and procedures for retail assets (like credit cards, personal loans, auto lease finance, and mortgage loans) and liabilities (such as accounts and deposits).

Your Background

  • Education: Bachelor's degree in finance, Business Administration, or a related field, with an MBA or related advanced degree preferred. Certifications like PMP/Prince2 are advantageous.
  • Experience: 15+ years in professional roles, ideally with a strong background in consulting and a leadership role within the retail banking sector. Knowledge of the Middle East banking industry, particularly in Saudi Arabia, is crucial. Experience in product development, digital and payment systems, and extensive product knowledge in retail banking is desired.
  • Skills: Leadership and team management.
  • Strategic planning and business development.
  • Risk management and compliance.
  • Legal awareness, financial statement analysis, and interpretation.

Other Important Information

The role is based in Riyadh, KSA, requiring fluency in English, Arabic is a plus. It offers an opportunity to influence the retail banking strategy of a prominent bank, with a potential for impact and recognition in the regional banking landscape. The start date and team dynamics will be discussed further with successful candidates, with an emphasis on the possibility for extension based on project needs and performance.

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