What are the responsibilities and job description for the Senior Manager Asset Finance Pricing position at Commonwealth Bank of Australia?
See yourself in the team
Business Banking (BB) manages relationships with Commonwealth Bank’s small-medium enterprise customers, mid-market corporate customers, and regional and agribusiness customers, providing a wide range of financial services and solutions. It also services our personal and institutional online trading customers.
Business Lending (BL) is a product and specialized sales team that offers working capital, business loans, asset finance, corporate finance, and property finance to our customers. BL is directly responsible for product management, process management, portfolio and pricing management. It works closely with bankers, data and analytics, digital and customer experience teams.
The purpose of the Asset Finance Product Management team is to continuously develop and refine the Asset Finance product and service offerings base on market trends and competitors’ activities to fulfil the customers’ Asset Finance needs, while contributing to the Bank’s overall profitable growth in market share and revenue.
Do work that matters
Your will manage the Asset Finance balance sheet and P&L, support the Asset finance business analytics capabilities and deliver ongoing capital benefits for the group and its shareholders. Your responsibilities include:
P&L management & optimisation across the Business Banking Asset Finance portfolio
Engage with and respond to pricing requests from the Frontline
Scope, develop & implement both cost & capital optimisation initiatives to support shareholder returns
Develop new analytics & digital assets across the AF portfolio to support growth
Provide support on complex pricing & modelling requirements from frontline teams
Develop modelling & key inputs into credit papers for BB structured asset finance opportunities
Develop opportunities across Capital Models (PD, LGD etc.) & optimise treasury funding models
Provide detailed support on key strategic initiatives across the AF portfolio
Drive the Business Banks Green/Sustainable finance agenda & delivery roadmap
Contribute to deal team discussions and develop bespoke client solutions for deal sizes up to $300m
Assist with developing a retention strategy and analytics framework for the business
You will also use your analytical skills to optimise for capital and provide recommendations, and implement plans to improve PACC and ROTE returns
Assist with analysis across multiple products, segments to design pricing experiments and targeted campaigns to improve product penetration and financial performance
We are interested in people who have
Strong Excel and analytics capabilities, required
Ability to draw and develop insights from large sets of data into meaningful actions
Experience in financial modelling & statistical analysis, required
Ability to produce PowerPoint decks for GM/EGM community
Ability to manage and influence stakeholders
Strong oral and written communication skills
Basic understanding of P&L and Balance sheet mechanics
Understanding of the banks’ capital framework and to develop strategies to improve Product and segment PACC/ROTE
SPARR/DPX pricing experience highly desirable
Risk Mindset – All CommBank employees are expected to proactively identify and understand, openly discuss and act on current and future risks.
If you're already part of the Commonwealth Bank Group (including Bankwest, x15ventures), you'll need to apply through Sidekick to submit a valid application. We’re keen to support you with the next step in your career.
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