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Pricing Specialist

Location: Riyadh, Saudi Arabia Salary: competitive
Sector: Banking and Finance Type: Permanent

I am currently recruiting for a Pricing Specialist for one of the largest retail & corporate banks in KSA.

Role Responsibilities:

Develop and maintain pricing strategies for different customer segments under Retail, Corporate & SME Business Units.

Develop and maintain a full-fledged RAROC based pricing models covering cost of fund, cost of risk, direct expenses, transaction cost, required margin etc.

Develop and maintain a detailed transaction cost model for each product / initiative.

Analyse impact of pricing strategy on consumer behaviour and competitor's response, after launch of each initiatives.

Establish models for pre-payment penalties on Retail product portfolios and SME / corporate deals.

Prepare pricing recommendations for all business initiatives based on thorough financial modelling / analysis.

Track market rate / price metrics and trends for all major banking products and services offered in the market.

Work closely with business product development team to identify pricing-related performance improvement opportunities to optimise sales and profitability, on a periodic basis.

Requirements

7-10 years work experience in the financial sector.

Worked in a similar capacity with a major bank for a minimum period of 3 years.

Finance qualification to Masters or minimum Bachelors level.

Experience working on RAROC based pricing models for different customer segments under Retail, Corporate & SME Business Units.

Sthree UAE is acting as an Employment Agency in relation to this vacancy.