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Pricing Expert - Portfolio and Deposits

Employer
ANZ Banking Group
Location
Melbourne, Australia
Salary
Competitive
Closing date
Apr 23, 2024

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Job Function
Accounting/Audit/Tax
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
About the role

Within the Retail Division, the Pricing CoE (Centre of Expertise) manages the Retail and Commercial pricing strategy. Our mission is to deliver pricing efficiently to our Tribes and Bankers to drive an exceptional customer proposition and ANZ's financial objectives.

This role will sit across two teams (~50% each) within Pricing CoE - the Design, Strategy & Portfolio team, as well as the Deposits team.

Role Location: Melbourne

Role Type: Permanent, Full Time

What will your day look like (part 1): Portfolio

The Design, Strategy & Portfolio team is responsible for: a) setting pricing strategy and framework, b) leading longer term and / or strategic pricing projects, c) being the lead pricing partner for ANZ Plus, d) defining ANZ's multi brand pricing strategy (Classic, Plus, Suncorp) and e) leading activities related to portfolio level pricing and funding strategies.

This role is dedicated to leading all portfolio related activities, including:
  • Preparation of materials for monthly Asset and Liability Update (attended by GE Retail, GE Commercial, ANZ Treasurer and key members of their leadership team)
  • Monitoring portfolio performance, including ongoing review of product level pricing, portfolio composition, external funding and competitive environment
  • Contributing to dynamic balance sheet modelling to respond to market conditions and appetite, and making recommendations with a portfolio-wide view, with clear strategic and financial rationale
  • Engaging with Treasury to understand impacts of the wholesale funding cost environment
  • Engaging with Finance to understand the balance sheet outlook, portfolio impacts and financial implications
  • Identify process improvement opportunities and ensure pricing function risks are limited and mitigated

What will your day look like (part 2): Deposits

The Deposits team is responsible for driving deposit pricing and funding strategies across Retail and Commercial Divisions.

This role will support the Chapter Lead - Deposits with:
  • Maintaining a robust and reliable framework for pricing decision making
  • Leading the monitoring of portfolio performance, taking into account pricing environment, portfolio mix, customer-level insights and margins
  • Leading dynamic balance sheet modelling to respond to market conditions and business performance, including well-defined analysis to ensure decisions are based on facts
  • Maintaining and driving a future-focussed agenda for pricing meetings with key stakeholders
  • Ensuring the well-managed functioning of all operational aspects of Deposits pricing

What will you bring?

  • Strong understanding of Retail or Commercial balance sheet and pricing, across lending and deposits. This experience is typically gained from working Pricing, Treasury, Finance or Product Portfolio Management function in a Retail or Commercial bank. Candidates with experience across both sides of the balance sheet, and across both Retail and Commercial would be ideal
  • High commercial acumen and financial literacy that recognises how different actions can impact profitability
  • Highly curious with a proactive nature, able to draw insights from a wide range of internal and external sources and translate into insights and portfolio opportunities
  • Confident communicator, with ability to articulate concepts to varying audiences, coupled with ability to simplify complex concepts for others
  • Creditability as an SME, able to work with and influence diverse parts of the bank
  • A growth mindset, curious to learn and continuously improve

So, why join us?

There's something special about being part of ANZ. From the moment you join us, you're part of a team working towards a common goal: improving the financial wellbeing and sustainability of our millions of customers.

But it's not just our customers who'll feel your impact. You'll feel it too. Because at ANZ, you'll have the resources and community you need to take the next big step in your career, towards even bigger things in the future.

We offer a range of benefits tailored to the countries in which we operate including Health and Wellbeing programs and flexible working arrangements.

You'll also enjoy working in a diverse and inclusive workplace where the different backgrounds, perspectives and life experiences of our people are celebrated. We encourage you to talk to us about any adjustments you may require to our recruitment process or the role itself. If you are a candidate with a disability, let us know how we can provide you with additional support.

To find out more about working at ANZ or to view other opportunities visit www.careers.anz.com. You may apply for this role by visiting ANZ Careers and searching for reference number 63895.

Job Posting End Date

19/04/2024, 11.59pm, (Melbourne Australia)

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