Strategic & Operational Planning:
- Play a key role in the development and implementation of a multi-year, multi-pronged business development strategy to increase IRTI’s revenue.
- Contribute to the Annual Work Plans and budget formulation of the Team.
- Develop a business plans to identify gaps between the products and services being offered by the Institute and what is needed in the market and by the IsDB Member Countries.
- Collaborate with the management to develop annual and medium-term business plans.
- Contribute to the pricing strategies of IRTI’s products and services taking into account the market needs, competition and IRTI’s standing.
Policies, Processes & Procedures:
- Participate in the implementation of frameworks, policies, procedures and guidelines for IRTI and specific to the Business Development function.
- Periodically review policies, processes and procedures impacting the Institute business and ensure that adequate controls are in place to minimize risk.
Business Development:
- Identify potential business opportunities for the Institute and carry out feasibility studies for identified opportunities.
- Identify potential clients, both at institutional and individual level, understand their needs and work with them to gain business orders.
- Working closely with the Knowledge Leaders and Knowledge Solutions, assess the current product portfolio(s) of the Institute, identify market needs and recommend any changes to the product portfolios.
- Collaborate with the Knowledge Horizons Team for promotional efforts to attract business opportunities for the Institute for generating long-term steady stream of business.
- Keep track of the competition and market for similar products and services and share the relevant information with Teams in IRTI.
Knowledge Sharing & Innovation:
- In coordination with Knowledge Horizons, develop plans for the dissemination and showcasing of IRTI’s research works and solutions amongst the target audiences.
- Keep abreast with the latest trends and best practices in the area of Islamic Finance and Economics and adopt the same in the Institute.
- Collaborate with other departments/entities within IsDB Group as well as other international and regional institutions, including MDB’s, for sharing knowledge and benchmarking research works, knowledge products and solutions.
Reporting & Communication:
- Contribute to the preparation of operational reports, industry reports and specific reports for the Management.
- Take part in the collection and analysis of data/information related to the wide-ranging developmental economic issues, current economic trends, practices, and updates focusing on Islamic Finance and the challenges facing the Member Countries.