Savings Service Manager
Date Posted: 05 September, 2024
Belmont Green
Remote with occasional visits to Vida offices
Role Purpose
Support the management and oversight of our outsourced provider of savings administration services, ensuring delivery of a high-quality customer journey and good customer outcomes.
Key Responsibilities
Management and Oversight of Outsourced Provider:
- Support the delivery of high-quality operational performance. Day to day liaison with our outsourced provider, making interventions and escalations to ensure customer needs and/or operational requirements are met. Identify opportunities to improve service delivery.
- Work with our outsourced provider to maintain an operational dashboard of metrics appropriate to monitor the effectiveness of the operational journey and customer understanding.
- Ensure outsourced provider meets SLAs, and where it does not, understand the reasoning and manage to completion.
- Work within, help develop and refine operating and governance framework.
- Measure customer outcomes through feedback, quality assurance and thematic reviews to inform product design and governance.
- Work with the Complaints function to conduct root cause analysis of customer complaints and feedback to evidence learning.
- Carry out quality assurance on outsourced provider to ensure operational standards are met and identify improvements needed.
Vision and Strategy for the Savings Business:
- Support development and implementation of the Retail Savings strategy to deliver business plan objectives and strategic priorities.
- Make changes to the Retail Savings proposition, reflecting emerging themes and best practice in the savings market including an understanding of the competitive and regulatory environment.
Savings Customer Journey:
- Contribute to the design and evolution of the customer journey to ensure effective engagement and retention activity.
- Closely monitor customer dashboard metrics to drive the effectiveness of the customer journey and outcomes.
- Implement customer improvements identified through SME knowledge, customer feedback and behaviour.
- Assess the impact of changes implemented and review alongside prioritising future developments.
- Work on several projects in parallel with appropriate prioritisation applied.
Risk Management:
- Administer risk management framework relating to conduct and operational issues for savings. Document identified risks, monitor resultant actions and control effectiveness.
- Provide a 1st line control function, working closely with second and third-line assurance functions to evidence that oversight, management actions and controls are effective.
- Maintain an understanding of relevant compliance and regulatory issues.
Knowledge & Experience
- Degree educated
- Proven track record of working in a Commercial and/ or Operational function in the UK Financial Services industry, preferably within Retail Savings
- Experience of working with a material outsourced provider.
- Able to build and manage relationships with key stakeholders to achieve long-term success
- Good team player, gaining the benefits of working as a diverse team to achieve stronger results
- Strong verbal and written communication skills with internal and external stakeholders
- Proven ability to work on own initiative, solving problems where necessary, but ensuring collaborative approach to deliver high quality operational performance and customer journey
Benefits
We offer a comprehensive benefits package to support our employees’ professional and personal needs. Further details can be provided upon application.
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