Strategy & New Initiatives Role - Retail Business - BFS

1. 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. Performs strategy formulation, development, implementation, and evaluation to advance the operational success of supported group (e.g. Retail Business).

2. 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.

3. Reviews and recommends improvement of operating plans and operations; this includes assessment of organizational readiness for, and exercise of, operational agility and flexibility.

4. Identifies and refines business goals and develops and implements jointly with business partners. Executes projects and programs to achieve those goals.

5. 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.

6. Counsels executives on business unit insights to ensure organizational alignment and drive attention to areas of focus.

7. 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