Job Description

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Strategy & New Initiatives as a department focus on development of mid term strategy of the bank across all the key areas of bank like retail, wholesale, corporate functions & subsidiaries. Strategy & New Initiatives also plays a critical role in identifying business opportunities and its realization through strategically important projects across the business and functions. Further, sub-department within the team also focuses on evaluation of strategic investments / divestment of inorganic opportunities for the Bank. The role is within the Strategy and New Initiatives team. The member will be aligned to one of the sub-departments within the team with a focus on respective business group (e.g. Retail Business). * Performs strategy formulation, development, implementation, and evaluation to advance the operational success of supported group (e.g. Retail Business).

• Work on consulting type projects, working closely with the businesses /functions; needs to be able to identify issues, develop hypotheses, analyze data to confirm hypotheses, develop implementable solutions and action plans, and work closely with the business/function to program manage and implement the identified solutions.
• Reviews and recommends improvement of operating plans and operations; this includes assessment of organizational readiness for, and exercise of, operational agility and flexibility.
• Identifies and refines business goals and develops and implements jointly with business partners. Executes projects and programs to achieve those goals.
• Engages with business partners to ensure that critical strategic decisions are vetted and well thought out prior to execution. Ensures project dependencies are clearly defined and communicated appropriately in terms of time required to complete.
• Counsels executives on business unit insights to ensure organizational alignment and drive attention to areas of focus.
• Participates in company/group business planning. Develops and secures approval for Bank strategic assessments and plans including market/environmental scans, voice of the member analyses, competitive assessments, market sizing, and other studies to ensure that Bank strategy is fact based and reflects the latest changes in the environment.

Skills:

Optimal qualification for success on the job is:

• Master's degree in Business Administration (or equivalent), with a specialization in Finance or Strategy or General Management
• 12-18 years of experience leading strategy development across large organizations within the financial services industry (preferably retail business focus) or with the BSFI practice at top management consulting firms
• Excellent communication skills both written and verbal communication, must be able to articulate strategic vision
• Ability to establish key partnerships and facilitate, influence, collaborate and establish accountability through all levels of the organization.
• Ability to influence outcomes without positional control.

Proven ability to see strategic recommendations through to successful execution.

For successful execution of the job, a candidate should possess the following:

• Knowledge

Knowledge of banking financial statements, sector trends and dynamics

Knowledge of strategy processes, tools, and frameworks

• Skills

Excellent communication skills both written and verbal communication, ability to articulate strategic vision

Proven ability to see strategic recommendations through to successful execution

• Abilities

Ability to establish key partnerships through all levels of the organization

About Company:

Axis Bank is the third largest private sector bank in India. The Bank offers the entire spectrum of financial services to customer segments covering Large and Mid-Corporates, MSME, Agriculture and Retail Businesses. The Bank has a large footprint of 4,594 domestic branches (including extension counters) with 11,333 ATMs & 5,710 cash recyclers spread across the country as on 31st March, 2021. The Bank has 6 Virtual Centres and has over 1500 Virtual Relationship Managers as on 31st March 2021.The Overseas operations of the Bank are spread over eight international offices with branches at Singapore, Dubai (at DIFC) and Gift City-IBU; representative offices at Dhaka, Dubai, Abu Dhabi, Sharjah and an Overseas subsidiary at London, UK. The international offices focus on Corporate Lending, Trade Finance, Syndication, Investment Banking and Liability Businesses