Pricing Manager

Job Description

Pricing ManagerOur new Pricing Manager enters at an incredible time for the business; we have our FCA license, a fully functioning app and with funding secured, a compelling and realistic plan of action.The founding team is in place. But with so many Tetris bricks falling, we need the help of a digitally savvy, nimble and outrageously organised Pricing Manager to keep us in shape and our plans on track.We are on a quest to be the worlds most proactive bank. We improve lives by providing better clarity, intelligence and technology to empower every individual in making the smartest financial decisions. Starting out with a debit account and credit card,we are broadening our portfolio and setting the foundations in place for a positive, supportive and thoughtful new bank. We are launching with a fully functional offering and exciting forecasts. Our product is developing with incredible pace; we are now atthe point where we must backfill the missing processes and functions that we overlooked in the drive to launch.Purpose of the role of Pricing Manager:This role is 2nd Line Pricing Strategy for new and further lending.The Pricing Strategy Manager is a critical role providing subject matter expertise and the responsibility for driving profitable growth harnessing innovation and data analytics. Required to set and manage our pricing strategy and approach to risk based pricingand in doing so achieving business objectives and regulatory requirements.Key Responsibilities of Pricing Manager: Use internal and external market data to proactively model pricing scenarios and proposals including NPV models to achieve margin and sales objectives within defined risk and regulatory constraints. Market and economic benchmarking to ensure product is operating at a competitive advantage and translating that back to key business functions to support constraint settings Continually review effectiveness of pricing and develop recommendations for pricing changes Accountable for delivery of profitability through optimising commercial levers Operating within a framework of authority delivering price changes within prescribed mandate Ensure that pricing is appropriate for the level of risk for each customer segment by working with Risk to understand expected risk by channel, partner and customer segment Ensure that pricing changes are implemented to meet representative rate regulatory requirements and in place for promotional activity. Key stakeholder for development of new channels, partners and customer segments.Qualifications of the Pricing Manager: 3+ years of relevant pricing experience with extensive experience in lending for credit cards, and/or loans with proven record of designing and implementing Credit Risk pricing and limit Strategies Proven history of working in banking, finance and experience in FCA regulated environment. Proven record of Credit Risk Strategy for New business, further lending and pricing.Key Skills of the Pricing Manager: Knowledge of commercial levers to deliver P&L results Understanding of pricing requirements and impact on commercial results Strong analytical skills and ability to develop complex models using excel (and further) Stakeholder management Strong communication skills Commercial awareness Business case development Customer centric approachKey Responsibilities of the Pricing Manager: Use internal and external market data to proactively model pricing scenarios and proposals including NPV models to achieve margin and sales objectives within defined risk and regulatory constraints. Market and economic benchmarking to ensure product is operating at a competitive advantage and translating that back to key business functions to support constraint settings Continually review effectiveness of pricing and develop recommendations for pricing changes Accountable for delivery of profitability through optimising commercial levers Operating within a framework of authority delivering price changes within prescribed mandate Ensure that pricing is appropriate for the level of risk for each customer segment by working with Risk to understand expected risk by channel, partner and customer segment Ensure that pricing changes are implemented to meet representative rate regulatory requirements and in place for promotional activity. Key stakeholder for development of new channels, partners and customer segments.Qualifications of the Pricing Manager: 3+ years of relevant pricing experience with extensive experience in lending for credit cards, and/or loans with proven record of designing and implementing Credit Risk pricing and limit Strategies Proven history of working in banking, finance and experience in FCA regulated environment. Proven record of Credit Risk Strategy for New business, further lending and pricing.Key Skills of the Pricing Manager: Knowledge of commercial levers to deliver P&L results Understanding of pricing requirements and impact on commercial results Strong analytical skills and ability to develop complex models using excel (and further) Stakeholder management Strong communication skills Commercial awareness Business case development Customer centric approach

Keyskills :
Credit CardCredit RiskMarket DataPricingPricing Strategy