Bankers consistently identify Slot Deposit Pulsa growth as a principle driver of their future success. At the same time, experience shows that many banks still employ a relatively antiquated approach to manage their deposit gathering efforts. They generally take a "if it isn't broke, don't fix it" approach and continue with the same strategies that have served them well in the past.

Well, like it or not, the financial landscape has changed dramatically. Now more than ever, banks must adopt more proactive Slot Deposit Pulsa  management methods, acknowledging that it is vitally important to incorporate deposit structure risk into the institution's long-term risk management strategies. The truth is that a bank cannot effectively manage its risks if it is not evaluating all available options in its efforts to properly manage and price its deposit-products.

Virtually every bank has a designated risk management officer who is charged with developing overall risk management policies and procedures and ensuring that they are consistently applied across branches and business lines. Many of these banks, however, lack the resources to focus directly on coordinating the multiple aspects of deposit management.

Banks should, therefore, consider appointing a "Deposit Strategy Officer," a person whose responsibilities would include: diversifying funding sources; knowing the local market; educating management and directors; understanding the environment and alternative funding sources outside the local market; and actively fostering an appreciation of the liability side of the balance sheet among those in charge of the asset side.

There are several reasons why now is the time to consider appointing a Deposit Strategy Officer.

The World is Smaller

The days when community banks could rely on bricks and mortar for adequate deposits are a thing of the past. Banking is no longer a local activity. The proliferation of the internet and financial publications has given both retail and institutional customers access to banks around the country. Customers can compare rates and maturities, get advice and execute transactions from the comfort of their own homes or offices any hour of the day or night. In addition, competition has widened. Deregulation has enabled financial services providers to offer competitive deposit products. As a result, a community bank in Little Rock has to compete with the mega-corporations as well as with banks in, for example, Maine and California for the customer whose home or business is down the block.