Group Banking Relationship Manager

Bahrain

Ref: LP127-1202

Job description / Role

Employment: Full Time

Our client is a leading money transfer and foreign exchange company based in the GCC. They have been in continues operation since the 1920’s. They are looking to recruit for a GROUP BANKING RELATIONSHIP MANAGER their Bahrain Office.

Duties & Responsibilities:
- Reviewing current banking relationships on a Pan-Group basis.
- Proposing a new architecture of banking relationships.
- Nurturing and building relationships with banks so as to achieve economies – lower transfer costs, better FX pricing etc.
- Continuously monitoring relationships and their transaction patterns to ensure optimal economics for the entity.
- Crisis management and problem resolution in case of banking funding and client payment gaps and/or breakdowns; including communication with all relevant internal & external stakeholders.
- Supporting other teams with setting and management of daily optimal pre-funding levels required for correspondent banks.
- Supporting other teams, like finance, by opening dialogue with the banks, and supporting in enhancing and automating the Banks’ processes, for example, bank statements delivery channels.
- Open new bank accounts / facilities (including lines of credit) as appropriate.
- Liaising with Compliance to ensure smooth procession of KYC and due diligence processes, in addition to supporting (Compliance) with annual or periodic compliance updates.
- Reviewing banking relationships and closing down unprofitable or obsolete banking relationships and accounts.

Requirements

- Must hold a Bachelor’s degree from a reputable university
- Must have a good command of spoken and written English
- Must be a seasoned professional, preferably with banking experience that can build relationships with banks at senior levels.
- Must have deep understanding of standard banking practices so as to effectively interface with constituents – both internal and external.
- Should be able to display sound commercial acumen – i.e. detailed knowledge of economics associated with standard banking practices.
- Ability to grasp complex issues and suggest solutions so as to simplify / rationalize.
- Capable of initiating relationships – i.e. be capable of selling the company and its needs adequately to banks / other constituents.
- Ability to understand the motivations of internal constituents and work together with them so as to arrive at an outcome that is desired by the Company.
- Must be a team player and takes initiative.

About the Company

Propel Consult delivers a service in step with the needs of both our client companies and candidates. Our ability to add value to all levels of recruitment stems from our wholehearted belief in providing a professional service to both parties. We have built relationships with many leading indigenous and mulitnational organisations throughout the Middle East and internationally in countries such as UAE, Qatar, Saudi Arabia, Oman, Bahrain, Kuwait, Egypt and many more. Concentrating our resources has created 5 distinct specialist divisions: