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For Companies At a Glance
- Tasks: Lead price optimisation and distribution capabilities while collaborating with senior stakeholders.
- Company: Join a dynamic bank focused on innovative financial solutions and customer satisfaction.
- Benefits: Enjoy flexible working options, competitive salary, and opportunities for professional growth.
- Why this job: Make a real impact in pricing strategies while enhancing your skills in a supportive environment.
- Qualifications: Degree in a numerate discipline with banking or financial services experience required.
- Other info: Experience with cloud platforms and Python is essential for this role.
The predicted salary is between 43200 - 72000 £ per year.
Join us as a Pricing Optimisation Manager. This is a valuable opportunity to lead the delivery of price optimisation capabilities within the franchise. We’ll look to you to build processes that enable the distribution of agreed pricing into wider bank and sourcing systems. As you partner with our senior business stakeholders to aid further pricing proposal development and engagement, you’ll have an excellent platform to raise your profile.
What you'll do
- This key role will see you leading the build and delivery of price optimisation and distribution capabilities by leveraging all input financial, price elasticity models and business constraints.
- You’ll be enabling optimised recommendations for pricing change, while also communicating output summaries to help further pricing proposal development and engagement with the business.
- Building and automating baseline production and simplifying the production of pricing scenarios.
- Engaging with key internal data and financial modellers to make sure that appropriate price elasticity and profit models are up to date to enable price optimisation.
- Making sure that all models developed adhere to our model risk management frameworks and standards.
- Delivering regular updates and automated recommended pricing scenarios to pricing managers.
- Preparing data files and transfers to enable agreed pricing to be distributed on time, quality assured and under control.
The skills you'll need
- To be successful in this role, you’ll need to be qualified to degree level in a numerate discipline with extensive banking or financial services experience.
- You’ll demonstrate knowledge of optimisation methods and multivariate techniques, together with model development, model risk management and model monitoring experience.
- You’ll also need experience of both delivery and management of multiple applications running on interconnected cloud platforms, such as AWS, using languages such as Python.
- Experience in leading the design of front end interfaces to enable non-technical end user interaction with software solutions.
- The ability to translate complex techniques into simple, easily understood concepts and outputs.
- Broad experience of risk and finance systems, methodologies and processes in a retail or wholesale banking environment.
- Experience in successfully using and deploying new data sources, approaches and tools.
Pricing Optimisation Manager employer: NatWest Group
Contact Detail:
NatWest Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Pricing Optimisation Manager
✨Tip Number 1
Familiarise yourself with the latest trends in pricing optimisation and financial modelling. This will not only help you understand the role better but also allow you to engage in informed discussions with our senior business stakeholders during interviews.
✨Tip Number 2
Network with professionals in the banking and financial services sector, especially those who have experience in pricing strategies. Attend relevant webinars or industry events to make connections that could provide insights or referrals.
✨Tip Number 3
Brush up on your technical skills, particularly in Python and cloud platforms like AWS. Being able to demonstrate your proficiency in these areas during discussions can set you apart from other candidates.
✨Tip Number 4
Prepare to discuss how you've successfully implemented pricing changes in previous roles. Use specific examples that highlight your ability to translate complex data into actionable insights, as this is crucial for the role.
We think you need these skills to ace Pricing Optimisation Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in pricing optimisation, financial modelling, and any specific tools or languages mentioned in the job description, such as Python. Use keywords from the job listing to ensure your application stands out.
Craft a Compelling Cover Letter: In your cover letter, explain why you are passionate about pricing optimisation and how your background aligns with the role. Mention specific achievements that demonstrate your ability to lead projects and engage with stakeholders effectively.
Showcase Relevant Skills: Emphasise your knowledge of optimisation methods and multivariate techniques. Provide examples of how you've successfully managed applications on cloud platforms and translated complex concepts for non-technical users.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial for a role that involves data and financial modelling.
How to prepare for a job interview at NatWest Group
✨Showcase Your Analytical Skills
As a Pricing Optimisation Manager, you'll need to demonstrate your analytical prowess. Be prepared to discuss specific examples of how you've used data analysis and optimisation methods in previous roles. Highlight any experience with price elasticity models and how they influenced pricing strategies.
✨Familiarise Yourself with Cloud Platforms
Since the role involves managing applications on cloud platforms like AWS, make sure you can speak confidently about your experience with these technologies. Discuss any projects where you've used Python or other programming languages to develop solutions, as this will show your technical capability.
✨Communicate Complex Ideas Simply
You'll need to translate complex pricing models into easily understood concepts for stakeholders. Prepare to explain how you've done this in the past, perhaps by using visual aids or simple language to convey your points effectively during the interview.
✨Engage with Stakeholders
This role requires collaboration with senior business stakeholders. Think of examples where you've successfully engaged with different teams to drive pricing proposals or changes. Emphasise your ability to build relationships and communicate effectively across various levels of an organisation.
