Deposit Mobilization Officer Duties & Responsibilities

The role and function of a Deposit Mobilization Officer includes the following duties and responsibilities:

Source for new high-end customers
Persuading them to deposit money.
Maintaining existing deposit clients.
Inform the client of the status of their deposit.
Ensure the form for opening a fixed deposit account is adequately completed and registered.
Work with the team to develop and implement a business development plan to improve the deposit mobilization and retention of deposit and also manage withdrawal attrition
Contribute to the development of innovative savings products in line with customer needs
Create and enhance new methods for rewarding depositors with interest on ordinary and fixed deposits.
Marketing and sale of all bank’s deposit products.
Meet assigned targets and quota in deposit mobilization and other assigned tasks.

Note that this is not an exhaustive list of Deposit Mobilization Officer duties and responsibilities. Job functions for specific Deposit Mobilization Officer roles may vary, depending on the industry and type of employer.

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