Business Development Manager (BDM) – Deposit Mobilisation
Job Summary:
The BDM – Deposit Mobilisation is responsible for acquiring current customers and mobilizing deposits (,Fixed Deposits, Recurring Deposits) to support the organization’s liability growth. The role involves field sales, relationship building, and achieving deposit targets through various channels.
Key Responsibilities:
Deposit Acquisition:
Generate recent leads and acquire customers for Fixed Deposits (FD), and Recurring Deposits (RD)
Promote deposit products to individuals, SMEs, corporates, and institutions
Business Development:
Relationship Management:
Maintain and deepen relationships with existing customers
Ensure high customer satisfaction and retention
Target Achievement:
Meet or exceed monthly and quarterly deposit mobilisation targets
Track and report performance metrics regularly
Market Intelligence:
Monitor competitor offerings and market trends
Provide feedback to management for product improvement
Compliance & Documentation:
Ensure all KYC and regulatory requirements are met
Maintain proper documentation for all accounts opened