We are looking for an experienced Portfolio Manager to join a bank in Melbourne. This is a contract opportunity for 6 months (extendable).
The Team Issuing & Acquiring
The functions performed by the Card Issuing and Acquiring team play a key role in helping to build strong connections with our customers. The ability to transact and make payments in a manner that the customer chooses and that suits them, with ease and reliability, is core to the foundations of the customer experience. Card Issuing products are key components to drive the growth of our overall consumer and business banking businesses.
Strategic priorities for the Cards Issuing Products Team are:
Deliver a competitive and profitable set of Card productsGrow our base of cardholders, both by increasing the penetration of current Bank customers with card products and also acquiring new to Bank customers with a competitive card offeringEnsure the spend targets set in the Mastercard incentive agreement are achievedProvide governance of the overall Mastercard issuing incentive agreement
Role Purpose
The Portfolio Manager is responsible for supporting the Senior Portfolio & Propositions Manager with the management and performance of the card products.
Responsibilities:
Understand performance of current products, manage product P&L performance to collaborate with key stakeholders on developing initiatives to improve overall profitabilityManage the end to end customer lifecycle across card productsManage and implement card product features in response to market landscape change with business case/target to ensure profitable return on investments (i.e. CVP, pricing reviews)Deliver on product plan to deliver revenue & customer growthManage day-to-day partnerships across the portfolio (Qantas, Cash Passport, Allianz, RSPCA and Mastercard).
Accountabilities
Product Development
Ensure that the Product lifecycle framework is followed where developing ideas and initiatives
Risk
Ensure work practices are conducted in accordance with all Bank compliance requirements, as specified in Bank policy, corporate and business unit procedures and identify and report instances of non-compliance to line managementMonitor the regulatory landscape to identify potential impacts to products or processesActively support the Risk Specialist to investigate root causes contributing to risk issues and eventsBe a part of an effective risk management culture within the team by ensuring that you manage your own personal responsibilities for risk
Problem Solving & Analysis
Ability to work through complex problems and provide solutions and recommendationsAbility to draw concise recommendations from the analysis of dataParticipate in cross functional teams as a subject matter expert for transformation projects
Relationship & Stakeholder Management
Build successful relationships with stakeholders from within the transformation initiatives and across the groupDemonstrate motivation and enthusiasm to promote teamwork both within the team and more broadly in the organization.
Your Experience
Strong Portfolio Management in the cards & payments fieldExcellent Relationship Management skillsStrong issuing and acquiring product knowledge
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