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For Companies At a Glance
- Tasks: Lead the Business Banking division, driving growth and strategy for our business customers.
- Company: Join Coventry Building Society, a leader in financial services with a member-first approach.
- Benefits: Enjoy private medical care, generous holiday, pension contributions, and a bonus scheme.
- Why this job: Make a real impact in Business Banking while shaping innovative financial solutions.
- Qualifications: Proven leadership in Business Banking and strong commercial management skills required.
- Other info: Hybrid working model with opportunities for travel and collaboration across locations.
The predicted salary is between 72000 - 108000 £ per year.
Overview
We’re recruiting for Head of Business Banking who will bring to life the value stream for the Group’s Business Banking business with full accountability for the product range for our Business customers. The role will be responsible for the P&L, Balance sheet, propositions, journeys and strategy. It will put our members and customers first, bringing significant experience in Business Banking and understanding the regulatory and commercial context to achieve growth and success.
Responsibilities
- Propositions: Design a proposition and transition states to ensure an offering balancing growth, product economics, risk and regulatory requirements, and the group brand/positioning. Understand target segments, jobs to be done, and the economic impact of decisions using internal and external data (customer, market, journey) to understand customer needs, regulation and market trends.
- Commercial Management: Create and run a commercial plan with targets across all Business Banking product lines, deliver key financial metrics (market share, asset and liability balances, etc.), report on performance and levers, produce pricing and trading papers, and develop product economics (unit economics, cost models, income, cross-product holding, channel economics, capital usage).
- Risk: Stay abreast of regulatory requirements and changes; manage and mitigate changes as part of the broader plan. Ensure the book focuses on financial and non-financial risks and embed risk ownership with the team, working with credit risk on lending models (overdrafts), capital usage and pricing models.
- Transformation: Work with horizontal origination and servicing teams to prioritise journey development and improvement, coordinate migration and integration, and collaborate with Core Banking platform development to align with product requirements, commercial plans and the Business Banking change roadmap.
Benefits
- Private medical and health screenings
- 28 days holiday a year plus bank holidays and a holiday buy/sell scheme
- Annual discretionary bonus scheme
- Personal pension with matched contributions
- Maternity, paternity and shared parental leave
- Life assurance (6 times annual salary)
Find out more about the fantastic benefits of joining Coventry Building Society here
Location and working arrangement
This role can operate from either our Head Office campus in Binley, Coventry or our Manchester office; as a Group role, travel to both locations is expected. A team-led hybrid working arrangement is in place.
Application note
We reserve the right to close this advert early if we receive a high volume of suitable applications.
To be successful in this role it’s essential you have
- Proven financial services leadership experience in a senior-level Business Banking role
- Experience of commercial bank lending including loans, current accounts and credit cards
- Demonstrable expertise in commercial management – working with journey leads, finance and marketing to create growth plans
- Experience of developing and delivering strategy and associated business plans
- Expert knowledge of the regulatory requirements and rules that govern business activities
- Strong analytical, organisational, and communication skills, capable of translating complex challenges into actionable insights
- Exceptional leadership and interpersonal abilities, with a track record of fostering cross-functional collaboration and influencing
- Experience of operating in a fast-paced and rapidly changing environment with multiple high-priority demands
- Adept at managing relationships, securing stakeholder buy-in, and driving alignment across diverse teams
Desirable experience
- Leadership experience in a product, finance or strategy role
- Evidence of leading through an integration
- Skilled at navigating shifting priorities and evolving market conditions in a dual organisational setting
Seniority level
- Director
Employment type
- Full-time
Job function
- Finance
Industries
- Financial Services and Banking
Rugby, England, United Kingdom
#J-18808-Ljbffr
Head of Business Banking employer: Coventry Building Society
Contact Detail:
Coventry Building Society Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Business Banking
✨Tip Number 1
Network like a pro! Get out there and connect with people in the Business Banking sector. Attend industry events, join relevant online forums, and don’t be shy about reaching out on LinkedIn. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for interviews by researching the company and its competitors. Understand their products and services, especially in Business Banking. This will help you tailor your answers and show that you’re genuinely interested in the role and the company.
✨Tip Number 3
Practice your pitch! Be ready to explain how your experience aligns with the responsibilities of the Head of Business Banking role. Highlight your leadership skills and how you've successfully managed commercial plans and risk in previous positions.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, we love seeing candidates who take the initiative to engage directly with us. Good luck!
We think you need these skills to ace Head of Business Banking
Some tips for your application 🫡
Tailor Your CV: Make sure your CV speaks directly to the Head of Business Banking role. Highlight your experience in commercial management and business banking, and don’t forget to showcase your leadership skills. We want to see how you can bring value to our team!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to tell us why you're the perfect fit for this role. Share specific examples of your achievements in financial services and how they align with our goals at StudySmarter.
Showcase Your Analytical Skills: Since this role involves a lot of data analysis, make sure to highlight your analytical abilities. Talk about how you've used data to drive decisions in previous roles, especially in relation to product economics and risk management.
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It’s the best way for us to keep track of your application and ensure it gets the attention it deserves. We can’t wait to hear from you!
How to prepare for a job interview at Coventry Building Society
✨Know Your Numbers
As the Head of Business Banking, you'll need to demonstrate a solid grasp of financial metrics. Brush up on key performance indicators like market share and asset balances. Be ready to discuss how you've used data to drive growth in previous roles.
✨Understand the Regulatory Landscape
Given the importance of regulatory requirements in this role, make sure you’re well-versed in the latest regulations affecting business banking. Prepare examples of how you've navigated compliance challenges in the past and how you plan to stay ahead of changes.
✨Showcase Your Strategic Thinking
This position requires a strategic mindset. Be prepared to discuss your experience in developing and executing business plans. Think about specific strategies you've implemented that led to measurable success and be ready to share those insights.
✨Demonstrate Leadership Skills
As a director, your leadership style will be crucial. Prepare to talk about how you've fostered collaboration across teams and influenced stakeholders. Share stories that highlight your ability to lead through change and manage diverse teams effectively.
