Manager - Factoring Services

Role Objective

The incumbent will be charged with the overall responsibility of planning and leading the Factoring service vertical of Wholesale banking function, in close coordination with the Department Head - Global Transaction Banking. The incumbent will monitor and manage the team for achieving profitability / P&L targets, and service delivery to meet cash flow needs of corporate clients through Debt factoring/Invoice financing services. The jobholder will guide the team in liaison efforts with other WB Business Units, and operational teams in establishing factoring services platform and business enhancement/customer retention efforts and enhanced service delivery.

Detailed Roles and Responsibilities:

STRATEGIC

• Work closely with the Head - Global Transaction Banking in formulation and implementation of the Factoring service strategy.
• Ensure the implementation of the strategy, annual business plans, budgets, policies and procedures of the Factoring service function.
• Drive the profitability / P&L targets of the section through completing sales, service management, and business development of existing and new corporate clients.
• Monitor the activities of the team, ensuring that the Factoring service business plans are within budgets and timescales.
• Update self on the current industry trends, economic events, competitive environment, regulatory/government requirements and, update the management to implement adequate changes, in term of country specific deliverables.