About Company
Victoria Mutual Building Society (VMBS) is a premier financial institution in Jamaica, deeply rooted in the nation’s economic and social fabric for over 140 years. Our mission is to empower Jamaicans to achieve their financial goals through a suite of innovative and reliable financial solutions, including savings, mortgages, wealth management, and insurance services. With a robust network of branches across the island, including our vital presence in Mandeville, Manchester, we are committed to fostering community development, financial literacy, and sustainable growth. At VMBS, we pride ourselves on our client-centric approach, our commitment to digital transformation, and our unwavering dedication to the well-being of our Members and the communities we serve. Joining VMBS means becoming a part of a legacy of trust, excellence, and progress, where your contributions directly shape the financial future of countless individuals and families.
Job Description
As the Chief Business Officer (CBO) at Victoria Mutual Building Society, you will be a pivotal member of our executive leadership team, tasked with driving the overall business strategy, growth, and operational performance across all our core business segments. This is a high-impact, strategic role requiring a visionary leader who can identify and capitalize on new market opportunities, enhance our product and service offerings, and ensure our business objectives align with our long-term strategic vision. You will be responsible for overseeing the development and implementation of aggressive growth plans, optimizing revenue streams, and fostering a culture of innovation and excellence. The CBO will play a critical role in expanding our market share, particularly in key regions like Manchester, by developing and nurturing strong client relationships and driving sales performance. You will analyze market trends, competitor activities, and economic indicators to inform strategic decisions, ensuring VMBS remains at the forefront of the financial services industry in Jamaica. Your leadership will be instrumental in guiding cross-functional teams, driving digital transformation initiatives, and ensuring an exceptional member experience. This role demands a leader with proven executive acumen, a deep understanding of the financial landscape, and an unwavering commitment to achieving superior business outcomes while upholding the core values and mission of Victoria Mutual.
Key Responsibilities
- Develop and execute comprehensive business strategies to achieve ambitious growth targets and expand market share.
- Oversee the performance of all business units, ensuring profitability, efficiency, and adherence to regulatory standards.
- Identify and evaluate new market opportunities, product innovations, and strategic partnerships to enhance our service portfolio.
- Lead the development and implementation of digital transformation initiatives to optimize business processes and enhance member experience.
- Manage the P&L for all business operations, driving revenue growth and cost-efficiency.
- Build, mentor, and lead high-performing teams, fostering a culture of accountability, collaboration, and continuous improvement.
- Represent VMBS at key industry events, engaging with stakeholders, regulators, and strategic partners.
- Conduct thorough market analysis, competitive benchmarking, and risk assessments to inform strategic decision-making.
- Ensure compliance with all relevant financial regulations and corporate governance standards.
- Drive a member-centric approach, continuously improving service delivery and member satisfaction.
Required Skills
- Exceptional strategic planning and execution capabilities
- Proven leadership and people management skills, with the ability to inspire and motivate diverse teams
- Strong financial acumen and P&L management experience
- Excellent communication, negotiation, and presentation skills
- Demonstrated ability to drive business growth and market expansion
- In-depth knowledge of the financial services industry and regulatory environment
- Analytical mindset with strong problem-solving abilities
- Proficiency in business development and stakeholder relationship management
Preferred Qualifications
- Master of Business Administration (MBA) or equivalent advanced degree in Finance, Economics, or a related field
- Minimum of 10-15 years of progressive leadership experience, with at least 5 years at a senior executive level within the financial services sector
- Extensive experience in the Jamaican market, with a deep understanding of local economic drivers and consumer behavior
- Demonstrated track record of successfully leading digital transformation initiatives
- Certifications in project management or strategic leadership
Perks & Benefits
- Competitive executive compensation package, including performance-based bonuses
- Comprehensive health, dental, and life insurance plans
- Generous pension scheme and retirement benefits
- Executive vehicle allowance or company car
- Opportunities for professional development and executive training
- Employee wellness programs and discounts on VMBS products
- A dynamic and supportive work environment within a reputable financial institution
How to Apply
Interested candidates are invited to submit their comprehensive resume and a cover letter detailing their qualifications and experience for this pivotal role. Please click on the application link below to explore current opportunities and apply directly through our careers portal. Ensure your application clearly highlights your strategic leadership experience and your vision for driving business growth within a leading financial services organization.