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Business Development Manager - Broker

Job Description

Purpose of the role

To identify and capitalise on business opportunities, expansion of the customer base, relationship management, and driving of revenue growth.  

Accountabilities

  • Execution of market research and analysis to support the identification of potential opportunities, market trends, and customer needs, to develop strategies for business growth.
  • Identification of leads through various channels such as networking, referrals, cold calling, and attending industry events.
  • Management of existing client relationships to understand their needs and identify opportunities for cross-selling or upselling banking products and services.
  • Development and execution of strategies to acquire new business and expand the customer base, including preparation of proposals, presentations, and negotiation of contracts.
  • Collaboration with product managers, credit analysts, operations, and other internal stakeholders to ensure seamless delivery of banking products and services to clients.
  • Forecasting of KPI’s and tracking progress against goals, including regular reports on business development activities, pipeline status, and Solutions performance to management.
  • Contribution to the development of business development strategies and initiatives to drive revenue growth and achieve business objectives.

Vice President Expectations

  • To contribute or set strategy, drive requirements and make recommendations for change. Plan resources, budgets, and policies; manage and maintain policies/ processes; deliver continuous improvements and escalate breaches of policies/procedures..
  • If managing a team, they define jobs and responsibilities, planning for the department’s future needs and operations, counselling employees on performance and contributing to employee pay decisions/changes. They may also lead a number of specialists to influence the operations of a department, in alignment with strategic as well as tactical priorities, while balancing short and long term goals and ensuring that budgets and schedules meet corporate requirements..
  • If the position has leadership responsibilities, People Leaders are expected to demonstrate a clear set of leadership behaviours to create an environment for colleagues to thrive and deliver to a consistently excellent standard. The four LEAD behaviours are: L – Listen and be authentic, E – Energise and inspire, A – Align across the enterprise, D – Develop others..
  • OR for an individual contributor, they will be a subject matter expert within own discipline and will guide technical direction. They will lead collaborative, multi-year assignments and guide team members through structured assignments, identify the need for the inclusion of other areas of specialisation to complete assignments. They will train, guide and coach less experienced specialists and provide information affecting long term profits, organisational risks and strategic decisions..
  • Advise key stakeholders, including functional leadership teams and senior management on functional and cross functional areas of impact and alignment.
  • Manage and mitigate risks through assessment, in support of the control and governance agenda.
  • Demonstrate leadership and accountability for managing risk and strengthening controls in relation to the work your team does.
  • Demonstrate comprehensive understanding of the organisation functions to contribute to achieving the goals of the business.
  • Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategies.
  • Create solutions based on sophisticated analytical thought comparing and selecting complex alternatives. In-depth analysis with interpretative thinking will be required to define problems and develop innovative solutions.
  • Adopt and include the outcomes of extensive research in problem solving processes.
  • Seek out, build and maintain trusting relationships and partnerships with internal and external stakeholders in order to accomplish key business objectives, using influencing and negotiating skills to achieve outcomes.

All colleagues will be expected to demonstrate the Barclays Values of Respect, Integrity, Service, Excellence and Stewardship – our moral compass, helping us do what we believe is right. They will also be expected to demonstrate the Barclays Mindset – to Empower, Challenge and Drive – the operating manual for how we behave.

As a Business Development Manager - Broker, you will be working with a portfolio of Commercial Finance Brokers introducing business to Barclays from new and existing clients. You will be the face of Barclays as you travel to visit clients at their business premises and gain an understanding of their strategic ambitions and lending needs. You will be flexible and adaptable with your time; managing your diary effectively.

To be successful as a Business Development Manager - Broker, you should have experience with:

  • Business Development – working with brokers to support commercial lending.

  • Business/Commercial banking.

  • Credit.

  • Stakeholder engagement.

  • Relationship building.

You may be assessed on the key critical skills relevant for success in role, such as risk and controls, change and transformation, business acumen strategic thinking and digital and technology, as well as job-specific technical skills.

This role will be based in Newcastle Upon Tyne and will cover the North East.

Average salary estimate

$60000 / YEARLY (est.)
min
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$50000K
$70000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Business Development Manager - Broker, Barclays

Are you a savvy strategist with a knack for building relationships? As the Business Development Manager - Broker at Bank House, you will be at the forefront of expanding our customer base and driving revenue growth. Your primary mission will be to identify and capitalize on business opportunities while managing existing client relationships. You will engage in market research and analysis to spot potential leads and market trends, continuously adapting your strategies for business growth. Your day-to-day responsibilities will include networking, cold calling, and attending industry events to foster connections and identify new leads. You will work closely with various internal teams to ensure seamless delivery of our banking products and services, making use of your exceptional negotiation skills in contract preparation. Plus, you will have a hand in forecasting KPIs and reporting on business development activities, ensuring we meet our goals. This is more than just a job; it's an opportunity to be a subject matter expert and contribute to the strategic direction of our operations. At Bank House, we value our Leadership and Development (LEAD) behaviours, encouraging you to listen, inspire, align, and develop others. If you have a passion for commercial banking and experience in stakeholder engagement, you are just the person we’re looking for. You’ll enjoy the flexibility of visiting client sites across the North East, understanding their needs, and building not just business but lasting partnerships. Join us as we drive innovative solutions in the financial sector, one relationship at a time.

Frequently Asked Questions (FAQs) for Business Development Manager - Broker Role at Barclays
What are the primary responsibilities of a Business Development Manager - Broker at Bank House?

As a Business Development Manager - Broker at Bank House, your primary responsibilities include identifying and pursuing business opportunities, executing market research, managing client relationships, and collaborating with internal teams to deliver banking products. You will also be developing strategies to acquire new business and reporting on key performance indicators (KPIs) to track your progress towards revenue growth.

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What qualifications are required for the Business Development Manager - Broker position at Bank House?

To excel as a Business Development Manager - Broker at Bank House, candidates should have experience in business development and commercial banking, along with strong skills in relationship building, stakeholder engagement, and credit management. A solid understanding of market trends and the ability to analyze data will also be critical in this role.

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What does a typical day look like for a Business Development Manager - Broker at Bank House?

A typical day for a Business Development Manager - Broker at Bank House involves a mix of client meetings, networking events, and strategy sessions. You’ll spend time analyzing market trends, reaching out to potential leads, and coordinating with internal departments to align on delivering banking solutions. Each day presents new opportunities to foster relationships and expand the customer base.

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How important is relationship management in the role of a Business Development Manager - Broker at Bank House?

Relationship management is crucial for a Business Development Manager - Broker at Bank House. Establishing strong, trustworthy relationships with Commercial Finance Brokers and clients not only helps in understanding their lending needs but also facilitates cross-selling opportunities, leading to overall business growth and customer retention.

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What skills are essential for success as a Business Development Manager - Broker at Bank House?

Successful Business Development Managers - Broker at Bank House possess a blend of technical and soft skills. Key skills include excellent communication and negotiation abilities, business acumen, strategic thinking, and proficiency in risk management. Familiarity with digital technologies and the ability to adapt strategies based on market observations are also very important.

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Common Interview Questions for Business Development Manager - Broker
Can you describe your experience with business development in the banking sector?

When answering this question, highlight specific examples of your previous roles where you successfully identified and pursued business opportunities. Discuss strategies you implemented and the outcomes achieved in terms of revenue growth and client relationships.

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What strategies do you use to build relationships with brokers?

Your answer should illustrate your proactive approach in relationship building. Discuss methods such as frequent communication, understanding their business goals, and providing tailored solutions. Mention any tools or systems you utilize to manage these relationships effectively.

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How do you identify market trends in business development?

It's beneficial to mention your analytical skills. Discuss specific techniques you use, like market research, competitor analysis, and leveraging analytics tools to track trends. Provide an example of how you've utilized identified trends to drive business strategies.

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Describe a challenging negotiation you faced and how you handled it.

Share a relevant story that highlights your negotiation skills. Focus on the strategies you used to reach a mutually beneficial agreement, demonstrating your ability to handle pressure and maintain a professional demeanor.

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How do you manage multiple client accounts simultaneously?

Talk about your organizational skills and tools you employ to stay on top of multiple accounts. Stress the importance of prioritizing tasks, maintaining communication, and setting realistic goals for each account to provide quality service.

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What role does teamwork play in your approach to business development?

Emphasize the collaborative nature of business development at Bank House. Discuss how you work with different teams, like product management or credit analysts, and how effective teamwork leads to better client solutions and overall success.

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How do you handle client objections during sales presentations?

Explain your approach to handling objections by staying calm, understanding the client's concerns, and providing clear, factual responses. Mention a specific instance where this approach led to a successful outcome.

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What metrics do you use to measure your business development success?

Discuss key performance indicators (KPIs) relevant to the role, such as lead generation rates, conversion rates, customer retention rates, and revenue growth. Show how and why you track these metrics to improve your strategies.

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How do you stay updated with changes in the banking industry?

Mention the various sources you rely on, such as industry publications, news outlets, webinars, or networking events. Highlight the importance of continuous learning in adapting to changes that affect your business development strategies.

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What is your approach to developing a business strategy for a new market?

Outline your process for entering a new market, including conducting market research, analyzing competitors, identifying potential clients, and tailoring your strategies to meet the specific needs of that market. Provide an example if possible.

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EMPLOYMENT TYPE
Full-time, on-site
DATE POSTED
April 17, 2025

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