Business Development Executive - Commercial Banking

iFAST Global Bank Limited; City of London; Hybrid; GBP 25,000 - 35,000; Full time

Job summary

A leading financial institution is seeking a Business Development Executive for Business Banking. This entry-level role involves supporting a Relationship Manager, targeting new corporate clients, and maintaining strong relationships within the business. Ideal candidates will have a degree in finance or business, with minimum 2 years of experience in finance or marketing, and a proactive approach to achieving business objectives.

Benefits

Annual leave: 25 days plus 8 bank holidays

Pension plan: 4% employer contribution

Private medical insurance

Hybrid working: 60/40 split after probation

Free gym access in the building

Qualifications

• Minimum of 2 years' experience in a finance or marketing field, ideally within Retail Banking.
• Ability to meet key business targets individually and/or in a team.

Responsibilities

• Research and plan new business sectors aligned with the Bank's strategy.
• Manage development projects and launch new products in Business Banking.
• Acquire new business opportunities focusing on larger client balances.

Skills

Finance experience

Marketing skills

Communication skills

Team collaboration

Innovative mindset

Education

Degree in marketing, finance or business-related discipline

Job description

Overview

Base pay range
This range is provided by iFAST Global Bank Limited. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Main Objectives

The Business Development Executive - Business Banking, will be responsible for supporting an assigned Relationship Manager (RM) working in the Business Banking to meet and exceed the performance objectives of the assigned RM by establishing and developing new corporate target customer industry sectors aligned to the Bank's strategy. You must be focused, dedicated, always striving to exceed expectations, whilst maintaining strong and fruitful working relationships with any Business Banking Clients and your colleagues within the business to gain their trust and respect.

Responsibilities

• Research, plan and implement new Business sectors to target that are aligned to the Bank's strategy
• Manage development projects and drive for the successful launch of new products in Business Banking
• Be actively involved in all the relevant initiatives and activities across the business
• Develop and maintain effective marketing schedules
• Develop/design campaign ideas for customer attraction
• Acquire new business opportunities with a focus on Customers that hold larger Client balances specifically Financial Regulated Companies including APIs, EMIs, Brokers, Asset Management Firms, Wealth Management Firms and Fund Managers
• Acquire new business opportunities with a focus on payments and FX
• Ensure that with new business sectors introduced service levels and facilities can be maintained and improved to increase standards of customer service and achieve brand loyalty
• Enable strong relationships with all 3rd parties to raise the profile of the brand in the market
• Maintain good relationships with all colleagues within iFAST Global Bank Limited and the Group
• Perform any other reasonable duties as required by the business
• Enable strong relationships with all colleagues and clients to optimise utilisation of iFAST's products and services
• Support client retention strategies for all our new and existing customers
• Cultivate knowledge: participate in networking opportunities; read professional publications; grow your network

Education & Training

• Ideally educated to degree level in a marketing, finance or business-related discipline, with demonstrable relevant experience
• Required to keep up to date with the financial services and banking regulations
• Understand the Regulatory Licences applicable to Financial Institutions (training can be provided)

Experience and Skills

• Minimum of 2 years' experience in a finance or marketing field, ideally within Retail or Commercial Banking Sector
• Ability to meet key business targets individually and/or as part of a team
• Demonstrated ability to generate innovative ideas to drive revenue growth
• Structured, organized and methodical in day-to-day planning
• Ability to interact, persuade and influence key stakeholders
• Knowledge of UK regulatory compliance, AML/Financial Crime and risk management principles is preferred
• Speaking Cantonese or Mandarin is a plus

Independent Action & Decision Making

• Proactively manage day-to-day activities ensuring adherence to policies and procedures
• Carry out assignments according to bank policies, procedures and directives, providing independent assurance and recommendations to Head Office

Accountability for Actions/Results

• Implement actions to achieve business objectives and grow new sector client bases as well as iFAST's existing client base

Key Relationships

• Internal: Senior Management and colleagues supporting your customers
• External: Industry specialists, compliance firms, legal, accountancy, business partners

Confidential Information

• Responsible for keeping reporting documents, internal activities and client records including financial data and personal information secure at all times in accordance with GDPR

Working Conditions

• 37.5 hours per week, Monday to Friday. Flexible hours may be required to suit business needs; hours may be adjusted within contracted 37.5 hours
• Travel will likely be within the UK based on branch and customer locations; any changes will be discussed

Mental Demands & Job Complexity

• Building the business from scratch and managing multi-layered responsibilities
• Plan and execute under pressure and tight deadlines
• Open communication with management to address issues

The Right Qualities

• Team-spirit
• Willingness to go the extra mile
• Smart and innovative
• Self-driven to excel
• Inquisitive

Benefits

• Annual leave: 25 days plus 8 bank holidays
• Pension plan: 4% employer contribution
• Private medical insurance
• Hybrid working: 60/40 split after probation
• Professional development and career progression opportunities
• Free gym access in the building

Seniority level

Entry level

Employment type

Full-time

Job function

Other

Industries

IT Services and IT Consulting