Overview

Wealth Management

Head of Deposits – (240000Y3)

Description

 

Roles and Responsibilities:

The role assists Head, Wealth Management Singapore in the day-to-day running of the deposit products & payments team. He/she is responsible for the deposit and payments business and product strategy, through managing a close and active collaboration with key stakeholders in identifying opportunities, execution of initiatives and strategies to meet the business goals of the business.

  • Provide thought and strategic leadership to achieve key business performance targets, in areas such as of portfolio management, optimization of balance ratios, margins, revenue, building and monetizing payment products on our digital channels – retail, peer-to-peer, cross border and utilities. 
  • Drive end to end product cycle management which includes Ideate, conceptualize, system testing and execute product campaigns and launches
  • Liaise with key stakeholders to optimize current operational frameworks and to drive process improvement projects. 
  • Manage full spectrum of Singapore Dollar and Foreign Currency deposit products, including both CASA and time deposits.  Payment products such as debit and/or ATM cards, NETs, Paynow, QR, GIRO, FAST
  • Support product and service enquiries from frontline and support units
  • Ensure compliance to regulatory/audit/compliance issues through maintenance, update & revision of policies and procedures
  • The role will also work extensively with external stakeholders and partners to develop and grow digital payments in Singapore and overseas. These include other banks in industry discussions, FinTech partners and merchants/aggregators. 

 

Qualifications

 

Requirements:

  • Good Bachelor or higher degree
  • Minimum 12 years of working experience in areas related to deposits products, preferably with minimum 5 years in leadership position.
  • Must possess strong knowledge of deposit products. Strong knowledge in the area of Wealth Management business will be an added advantage.
  • Proficient in product development and management, digital wealth, data analytics, marketing, project management, process-thinking, customer experience, customer service and compliance matters.
  • The ideal candidate needs to be a Strategic thinker who is able to apply “Root Cause Analysis” and integrate Knowledge Data to present meaningful insights to Senior Management 
  • The Head of Deposit must also build a high performing team and the ability to influence Senior Stakeholders

 

Primary Location

: Singapore

Job

: Car Financing

Organization

: Wealth Management

Schedule

: Permanent

: Full-time

Job Posting

: 10-Jul-2024, 10:43:12 AM

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About OCBC Bank

OCBC is the longest established Singapore bank, formed in 1932 from the merger of three local banks, the oldest of which was founded in 1912. It is now the second largest financial services group in Southeast Asia by assets and one of the world’s most highly-rated banks, with an Aa1 rating from Moody’s. Recognised for its financial strength and stability, OCBC is consistently ranked among the World’s Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker.

OCBC and its subsidiaries offer a broad array of commercial banking, specialist financial and wealth management services, ranging from consumer, corporate, investment, private and transaction banking to treasury, insurance, asset management and stockbroking services.

OCBC’s key markets are Singapore, Malaysia, Indonesia and Greater China. It has more than 570 branches and representative offices in 19 countries and regions. These include about 300 branches and offices in Indonesia under subsidiary Bank OCBC NISP, and over 90 branches and offices in Mainland China, Hong Kong SAR and Macau SAR under OCBC Wing Hang.

OCBC’s private banking services are provided by its wholly-owned subsidiary Bank of Singapore, which operates on a unique open-architecture product platform to source for the best-in-class products to meet its clients’ goals.

OCBC's insurance subsidiary, Great Eastern Holdings, is the oldest and most established life insurance group in Singapore and Malaysia. Its asset management subsidiary, Lion Global Investors, is one of the largest private sector asset management companies in Southeast Asia.