See yourself in the teamBusiness Banking (BB) manages relationships with Commonwealth Bank’s small-medium enterprise customers, mid-market corporate customers, and regional and agribusiness customers, providing a wide range of financial services and solutions. It also services our personal and institutional online trading customers.Business Lending (BL) is a product and specialized sales team that offers working capital, business loans, asset finance, corporate finance, and property finance to our customers. BL is directly responsible for product management, process management, portfolio and pricing management. It works closely with bankers, data and analytics, digital and customer experience teams.The purpose of the Asset Finance Product Management team is to continuously develop and refine the Asset Finance product and service offerings based on market trends and competitors’ activities to fulfill the customers’ Asset Finance needs, while contributing to the Bank’s overall profitable growth in market share and revenue.Do work that mattersYou will manage the Asset Finance balance sheet and P&L, support the Asset Finance business analytics capabilities, and deliver ongoing capital benefits for the group and its shareholders. Your responsibilities include:P&L management & optimisation across the Business Banking Asset Finance portfolioEngage with and respond to pricing requests from the FrontlineScope, develop & implement both cost & capital optimisation initiatives to support shareholder returnsDevelop new analytics & digital assets across the AF portfolio to support growthProvide support on complex pricing & modelling requirements from frontline teamsDevelop modelling & key inputs into credit papers for BB structured asset finance opportunitiesDevelop opportunities across Capital Models (PD, LGD etc.) & optimise treasury funding modelsProvide detailed support on key strategic initiatives across the AF portfolioDrive the Business Banks Green/Sustainable finance agenda & delivery roadmapContribute to deal team discussions and develop bespoke client solutions for deal sizes up to $300mAssist with developing a retention strategy and analytics framework for the businessYou will also use your analytical skills to optimise for capital and provide recommendations, and implement plans to improve PACC and ROTE returnsAssist with analysis across multiple products, segments to design pricing experiments and targeted campaigns to improve product penetration and financial performanceWe are interested in people who haveStrong Excel and analytics capabilities, requiredAbility to draw and develop insights from large sets of data into meaningful actionsExperience in financial modelling & statistical analysis, requiredAbility to produce PowerPoint decks for GM/EGM communityAbility to manage and influence stakeholdersStrong oral and written communication skillsBasic understanding of P&L and Balance sheet mechanicsUnderstanding of the banks’ capital framework and to develop strategies to improve Product and segment PACC/ROTESPARR/DPX pricing experience highly desirableRisk Mindset – All CommBank employees are expected to proactively identify and understand, openly discuss and act on current and future risks.
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