Nicholas Murimi, MSc

Experience

• 

  Standard Chartered Bank Kenya

  Sept 2011 - Mar 2019

  Key ResponsibilitiesMarketing Strategy: Own the event-based marketing agenda as a client acquisition anddeepening tool.Financial Reporting: Responsible in presenting reports on portfolio health for BusinessBanking on monthly basis to Retail Banking Credit Forum and Country Credit IssuesCommittee.Sales Strategy: Agree on sales focus and allocation of sales target to sales channels inBusiness Banking.Credit Management:o Responsible for the review and support of all secured lending credit proposals for RetailBanking (SME and Retail mortgages) and to maintaining a good balance betweenreturns and risk exposure.o Engage the development, implementation, review and monitoring of various creditprograms.o Review and develop the Retail Banking credit approval policies and guidelines as well asparticipate in ad hoc projects of stress tests and industry study on specific customerportfolios.Staff Training: Provide training and coaching to continuously upgrade the competency ofthe team members.Performance Management: Directly manage the performance of all channels within theSegment and work closely with other channels to meet the sales productivity, balancesheet and income targets for the business.Client Engagement: Analyze evolving client needs and track the competition as input toguide the segment strategy, as well as give country/ region inputs for the development of astandardized client value proposition. Show less Key Accomplishmentso Professionally interacted with the clients, gathered deal requirements, financial statements and other inputs for performing quality analysis, trade deals structuring and due diligence.o Structured efficient credit solutions for the clients and ensured the appropriateness of the products.o Awarded the best performing ARM in Commercial Banking in 2013/14.o Presided over the development of streamlined credit processes and the creation of a credit culture characterized by quality and efficiency.o Provided credit analysis and accounts relationship administrative support to relationship managers.o Strategically multi-tasked my responsibilities where I oversaw industry analysis as well as development of market strategy to enhance competitive edge within the business segment.o Maintained a strong and appropriate control environment for the bank and ensured standards were in place to minimize mis-selling and customer complaints. Show less • Undertook four rotations in different business units such as Branch setup, Credit, operations and Product development in order to understand fully the business drivers. After each rotation, I strategically identified a process gap or re-engineering initiative to improve on efficiency and sustainability. • I also actively participated in preparation of “Service and operations strategy 2012 – Standard chartered Consumer Bank Kenya”, and later took up the role of SME Centre Manager during my branch rotation where I oversaw sales and service targets for the center. Show less

  • Head of Client Relationships, Credit Analysis & Support (Retail Banking)

    Jan 2016 - Mar 2019

  • Head Credit Analyis (Business Banking Kenya)

    Oct 2014 - Dec 2015

  • Associate Relationship Manager (Commercial Clients & SME Banking)

    Jul 2012 - Sept 2014

  • CBFT (Consumer Bank Fast Track) Graduate

    Sept 2011 - Jun 2012
• 

  Standard Chartered Bank Kenya

  Aug 2019 - Aug 2020

  Product Development: Overseeing the development of new products and services related to cash management and trade finance, ensuring they meet the needs of business banking clients and are competitive in the market.Strategy Development: Developing strategies to enhance the bank's cash management and trade finance offerings, aligning them with the overall business banking strategy and market trends.Risk Management: Managing risks associated with cash management and trade finance products, including credit risk, operational risk, and compliance risk.Client Relationship Management: Building and maintaining relationships with key business banking clients to understand their needs and gather feedback on existing products and services.Market Analysis: Conducting market research and analysis to identify opportunities for new products and services, as well as to monitor competitors and industry trends.Team Leadership: Leading a team of product managers, analysts, and other professionals responsible for developing and managing cash management and trade finance products. Show less

  • Head Products, Cash Management & Trade (Business Banking)

    Apr 2019 - Aug 2020

  • Acting General Manager (Business Banking, Kenya)

    Aug 2019 - Apr 2020
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  Standard Chartered Bank

  Sept 2020 - Dec 2022

  Product Owner, Business Banking, Africa & Middle East

  Charged with the responsibility of driving profitability and reshaping the markets businessmodel and product offering by rolling out digital initiatives for Business Banking Africa & Middle East.Key Responsibilities• Devise strategy for Business Banking Digital roadmap in the region.• Drive ideation around country innovations and enhancements to both lending andtransactions.• Execute the digital product strategy for achievement of digital Products launch andsystem management in Business Banking AME.• Source and develop high quality & innovative digital products after assessing marketpotential, client needs and competitive product range, to achieve revenuegrowth anddiversify Business Banking Revenue.• Drive growth in Business Banking via material partnerships and Ecosystem value chains Show less

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  Bank of Kigali Plc

  Feb 2023 - now

  Group Chief Products Development Officer

  o Special focus on creating new value through the development and integration of digital products and a platform as a Group Financial entity, including Banking, Insurance, Wealth management & Advisory, Fintech and another value-added service within the bank. o Developing the Group’ strategy and road map for product’ development and/or enhancements in collaboration with subsidiaries with the mandate of: 1) developing financial products for the Bank, 2) developing products for the Insurance subsidiary, 3) integrating products across the Group and 4) developing a ecosystem model for the Groupo Achieving a vision of a fully integrated platform of digital products and services to Group clientso Participating as a member of the Group executive team in developing the Group business strategy.o Ensure that all relevant digital initiatives are fully integrated into the strategic-planning process for leadership commitment, resource allocation and execution.o Leading the subsidiaries product teams and design teams to manage key aspects of the product lifecycle to ultimately deliver product package that addresses a market need, and planning for risk, monetization, and growth.o Development of internal, cross functional partnerships, for smooth product development and buy-in. This includes setting up of both cross functional product ideation and development.o Develop agile and design thinking methodologies within a core team of Product Managers and leverage cross functional product development to engrain these methodologies in individuals outside of the core Product Development Team. Show less

• 

  BK General Insurance Ltd

  Oct 2023 - now

  Non-Independent Board Director

  > Provide strategic direction and oversight for the company, ensuring alignment with long-term goals and industry standards.> Lead financial oversight, including budget review, financial planning, and investment strategy.> Oversee risk management policies, focusing on comprehensive strategies to mitigate operational and financial risks.> Ensure regulatory compliance and advocate for high standards in corporate governance and ethical practices.> Spearhead initiatives for technological innovation to enhance policyholder experience and operational efficiency.> Conduct performance evaluations of the executive team and participate in CEO succession planning.> Actively engage in stakeholder communication to align company objectives with shareholder and customer expectations. Show less