4 Strategy Consultant jobs in Oman

Responsibilities:

1. Responsible for enabling various strategic projects and conducting studies aimed at improving the overall performance of the bank as well as improving the customers’ experience.
2. Closely monitor or lead specific projects in various areas of the Bank.
3. Assist top management in strategy formulation, strategic plans execution, strategic process improvements, and communication of strategy updates to all stakeholders.
4. Work closely with all units/departments within the bank to achieve long-term goals and initiatives within the designated time-frames, allocated resources, and budgets.
5. Assist, facilitate and conduct strategy implementation review meetings with business teams (i.e. Retail Banking, Wholesale Banking, Treasury & International Banking, Investment Banking, Human Resources, Support Services, Corporate Communications & Marketing, Information Technology).
6. Responsible for producing and communicating strategy-related reports and documentation in accordance with defined formats and timelines.
7. Instrumental in identifying and communicating (to the Head of Strategy & Planning) impediments to the implementation of the overall strategy and proposing options to resolve such impediments.
8. Manage and initiate special studies, as well as market and competitive research pertaining to the existing or future operations of the bank.
9. Investigate various aspects of the Bank to identify opportunities for introducing improvements in key areas.
10. Contribute towards various initiatives and activities within Strategy & Planning depending on the requirements and scope of such.

Job Skills:

1. Bachelor or Master's Degree in Business Administration/Engineering from a recognized university with a minimum of 3 years’ experience, including at least 1 year of experience in a business planning function (can be either technical or business planning).
2. Oman National preferred.
3. Should be able to work with external consultants on strategy development and special initiatives/projects.
4. Strong analytical skills.
5. Effective communication skills to interact with all levels in the organization, with strong oral and written skills.
6. Sound knowledge of commercial/business awareness.
7. Self-motivated, initiative-driven, innovative, and dynamic.

Language Requirements:

1. English - Very Good
2. Arabic - Fluent/Excellent

About The Company:

Established on January 1, 1990, Bank Dhofar is an Omani commercial bank wholly owned and managed by Omanis. With successive years of constantly setting new standards in banking, BD has attained an impressively expanding network of 50 operational branches and 89 ATMs. Through an international network linked by advanced technology, BD provides a comprehensive range of financial services that encompass personal financial services; commercial banking; corporate, investment banking and markets; private banking; and other activities. Its Board of Directors & Management Team consists of eminent professionals like accountants, management experts, economists, businesspersons, etc. The Bank has strengths in both retail and corporate banking and is committed to adopting the best industry practices internationally in order to achieve excellence.

Lead and direct the identification of OQ internal and external strategic issues and opportunities to develop and achieve Group's short and long-term growth and profitability targets, through; (1) Oversees Strategy development and implementation process, including the analysis of its internal financial information, as well as, the external economic conditions, (2) Formalizes the Business Corporate Strategies for OQ Group, and (3) Oversees the Strategic Planning end-to-end cycle; in order to advise key stakeholders on strategies and measures to improve performance and works closely with finance in the business planning cycle.

The position will act in accordance with the Group's Mission, Vision, Values & Strategies, as well as, policies, guidelines and international standards, supported by an IT Technology platform, HSE standards, Omani's government & other legal justifications, and best international practices in consonance with national objectives.

Main tasks and responsibilities

• Building and networking with Assets and Functions and importance of having healthy connection with Key internal stakeholders.
• Management of interfaces between Strategy and Assets Establish the short and long-term Strategy for OQ and translate it into business plans with objectives for further measurement of success and support the achievement of the OQ's strategic objectives
• Capture relevant input required for the Financial Planning Models including scenario planning.
• Develop the annual business plan for the achievement of the Group's vision
• Support the development of Business strategies and plans to maximize value for the Group
• Lead / execute the complex analysis of external economic conditions and assess (business & financial) impact on OQ Group operations (e.g., inflation, interest rates, exchange rates, etc.) to adjust business plans and ensure the Group stays current with and ahead of the market and competition
• Lead the development of integrated financial models & forecasting to analyze data, project and evaluate the potential returns and risks for capital expenditure investment and any other special projects / initiatives with material financial impact, and formulate recommendations for decisions. The financial models must include:
• Relevant areas for an Energy company vertically integrated corporate Energy sector (Upstream, downstream, chemical, commercial, Alternative Energies)
• Accurate / updated complex financial models to evaluate OQ Group financial plans
• Identify opportunities for improving the value delivery of Strategy & Planning through innovation and use of technology (digitization)
• Advise the ELT and/or the Board and other key stakeholders to contribute to strategic financial planning discussions
• Lead the creation and implementing consolidated strategic planning processes at OQ by designing strategic plans, providing improvement & recommendations and aligning with finance on the financial plans.
• Lead the gathering of critical information that includes the description and analysis of the environment, financial requirements, people requirements and marketing plan (if applicable), to determine the future strategy for growth, financial needs, and ways to attract investors and lenders.
• Incorporate strategies, tactics in the business plans, to provide results to the forefront.
• Work closely with finance control team and other cross functional teams to produce suite of documents, including annual business plan, forecast, budget commentary, reforecasts, key business lines and corporate KPIs.
• Provide insights associated with key variance / trends arising from reports, forecasts and plans
• Works effectively with managers in areas of responsibility to ensure that department objectives, performance metrics, quality measures, and budget targets are achieved

Key interactions

Internal: OQ SAOC Streams & OQ Assets

External: Staffing specialized Contractors, Vendors & Suppliers / Ministries Financial Institutions (such as banks) Lenders Investors

Notable Working Conditions. Office environment, intensive computer screen use, sporadic visits to operation site.

Education requirements

• Bachelor's degree with financial background (Finance, Economics, or relevant areas) - required

Language requirements

English - fluent (required) Arabic - fluent (preferred)

Background and experience

• A minimum of 10-12 years of relevant post degree qualification experience
• Strong Strategic Financial Planning & Strategy development & implementation background and experience.
• Relevant experience leading a similar senior role in a corporate environment for the Energy sector
• Strong experience developing complex financial models to evaluate financial plans
• Strategist background.

Competencies and skills

Soft

• Leadership and people management skills
• Demonstrated strategic orientation
• Advanced business and financial analytical skills
• Ability to influence internal and external stakeholders
• Demonstrated leadership to develop high performing teams
• Capable of inspiring and leading change
• Strong analytical and communication skills, including verbal and written skills
• Highly organized and ability to work independently and manage teams
• Experience and ability to lead a team
• Critical thinking and problem-solving skills
• Detail oriented and self-motivated

Technical:

• Strong computer skills, including proficiency in Microsoft Word, Excel and PowerPoint
• Ability to handle and clearly communicate complex financial information
• Ability to conduct financial and business negotiation

• Seniority level Mid-Senior level

• Employment type Full-time

• Job function Strategy/Planning, Finance, and Management
• Industries Oil and Gas

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Job Openings Senior Consultant for Cards Portfolio Management and Growth

• Title: Senior Consultant for Cards Portfolio Management and Growth
• Term: 12 months
• Experience Requirement: 10-15 years

Scope:

• Managing the portfolio, which encompasses activation, increasing spend (within the country and internationally), and expansion. This applies to both traditional and Islamic financial services.
• Enhancing the range of current products and transitioning processes to digital platforms (for instance, customer onboarding and card activation).
• Overseeing initiatives aimed at activating and augmenting expenditure on card products.
• Crafting plans to boost the use of cards and elevate the number of transactions.
• Teaming up with the marketing department to devise promotional campaigns that increase card utilization.
• Performing analyses of customer expenditure trends to seize opportunities for advancement.
• Coordinating with involved parties to facilitate seamless operations and address potential complications.
• Tracking key performance indicators to evaluate the effectiveness of migration and activation operations.
• Synchronizing updates to systems with in-house collaborators like IT, legal, and the marketing team.
• Fostering existing alliances and developing new beneficial partnerships to promote growth within the portfolio.

Language Requirements: English fluency, Arabic is a plus.

Reporting to: Head of Cards

Qualifications/Expectations:

• Proven experience in card products business development in both conventional and/or Islamic banking.
• Strong analytical, communication, leadership, and stakeholder management skills.
• Ability to manage end-to-end card product launch or revamp projects independently.
• Knowledge of market trends, opportunities, and product launches in the Islamic banking and payments market.
• Experience in communicating and interacting with senior stakeholders for periodic updates.
• Excellent verbal and written communication skills and the ability to multi-task in a fast-paced environment.

This role combines the strategic and operational aspects of card product support and Islamic portfolio management, requiring a candidate with a strong background in both areas and the flexibility to adapt to the dynamic needs of the business.