Strategy Associate at First Bank of Nigeria Limited



  2022-08-24
  Lagos

First Bank of Nigeria Limited (FirstBank) is Nigeria’s largest financial services institution by total assets and gross earnings. With more than 10 million customer accounts, FirstBank has over 750 branches providing a comprehensive range of retail and corporate financial services. The Bank has international presence through its subsidiaries, FBN Bank (UK) Limited in London and Paris, FBNBank DRC, FBNBank Ghana, FBNBank Gambia, FBNBank Guinea, FBNBank Sierra-Leone and FBNBank Senegal, as well as its Representative Offices in Johannesburg, Beijing and Abu Dhabi.

We are recruiting to fill the position below:

Job Title: Strategy Associate

Job Identification: 148
Location: Lagos
Job Schedule: Full time

Job Objective(s)

  • Support strategic customer acquisition through the development of winning client/customer pitches and proposals.
  • Drive subsidiary growth aspiration through the articulation of pragmatic and impactful strategic plans for the subsidiaries.
  • Provide support for the executive of subsidiaries’ go-to-market strategic initiatives.
  • Support the bank’s continuous improvement journey by monitoring the external and competitive environment to distill key insights for decision making.
  • Support the Bank’s industry thought leadership positioning and aspiration through the development of high quality contents for the Bank’s external engagements and events.

Duties & Responsibilities

  • Reporting directly to the Head, Strategy, this individual will serve as the key resource for developing the overall Subsidiary Strategy for the Banking Group as well as supporting the execution of key go-to-market strategic initiatives towards the achievement of identified goals.
  • Lead the development and communication of the strategy for subsidiaries. This includes, but is not limited to, developing an overall strategy for the bank subsidiaries based on the Commercial Banking Group corporate strategy and assisting in cascading it down.
  • Support the implementation of the strategy of the subsidiaries, focus towards maximizing market share, shareholders wealth and increasing profit by translating strategic objectives into practical plans and goals.
  • Provide analytical framework to define and implement the subsidiaries’ strategic plan, develop strategy maps that incorporates financial, customer, internal processing and employee capability objectives.
  • Provide analytical and value-added insights to Subsidiaries’ Management on market and business trends, consumer innovation and patterns, financial structure, macroeconomic factors and demographic potentials.
  • Support strategic customer acquisition through the development of winning client/customer pitches and proposals, working with SBU leadership teams.
  • Support the bank’s continuous improvement journey by monitoring the external and competitive environment to distill key insights for decision making.
  • Support the Bank’s industry thought leadership positioning and aspiration through the development of high quality contents for the Bank’s external engagements and events.
  • Direct, synthesize and execute insights gained from market analysis, internal capability assessments, competitor intelligence, customer research, product assessment and financial analysis and modeling.
  • Present new ideas for growth of individual subsidiaries through understanding competitive actions and market trends in the industry locally and internationally with strategic intent of influencing and directing management thought
  • Support the coordination and planning of the annual Board Strategy Retreat event for the Commercial Bank and subsidiaries including making presentations on industry insight to assist the Commercial Banking Management in its decision-making function; coordinating presentations of each member of the Management Committee and relevant (SRFs) to ensure appropriate message is delivered to the Board and Management.
  • Comply with relevant industry policies and regulation, remaining alert to business risks and compliance issues.

Job Requirements
Education:

  • First Degree in Economics or related discipline.
  • Postgraduate Degree or other professional qualification may be an added advantage.

Deadline: 2nd September, 2022 at 02:09 PM.



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