Overview

Onsite
BOS Singapore
Full time
JR00000433

Bank of Singapore opens doors to new opportunities.

At Bank of Singapore, we are constantly on the lookout for exceptional individuals to join our team. We promote a culture of openness, teamwork and fairness. Most importantly, we invest in our people through our programmes that develop them on both professional and personal levels. Besides attractive remuneration packages, we offer non-financial benefits and opportunities to develop your potential within OCBC Group’s global network of subsidiaries and offices. If you have passion, drive and the will to succeed, rise to the challenge today!

The Lending and Deposit Specialist supports the Head of Lending Advisory in executing deposit strategies and developing and maintaining deposit products to promote asset under management (AUM) growth while ensuring compliance with regulations and policies. In addition to their deposit responsibilities, the Specialist will also assist in the credit structuring of credit proposals.

Our goal is to establish ourselves as a center of excellence for all lending and deposit-related matters at Bank of Singapore.

Main Duties:

Deposit Product Sales

  • Develop and implement deposit banking strategies to drive business AUM growth and revenue
  • Collaborate with sales channels to achieve business targets
  • Actively support PB Head of Sales to drive product sales and support FO with queries on the product
  • Provide Product training to FO
  • Contribute to the development of short and long term marketing strategies and campaigns to enhance deposit products and services
  • Create a comprehensive product proposition through data analysis and customer insights

Deposit Product Development

  • Work with Platform Team on Deposit flow end to end – maintaining the trade booking system, processes etc
  • Ensure Product paper/Front office procedure are updated
  • Ensure all regulatory policies (such as SDIC) are being adhered to
  • Face off Auditors on all deposit related queries
  • Prepare reports for program tracking evaluation and senior mgt presentation
  • Conduct competitive analysis and provide recommendation to ALCO
  • Analyze customer, product and campaign data to understand behaviour and identify areas for improvement.

Credit Structuring

  • Structure, write and present credit proposals (new, modifications, and annual reviews where applicable) to internal stakeholders for approvals.
  • Meet clients with front office, if required, to better understand client’s credit needs and improve quality of transaction structure being proposed.
  • Use credit as an enabler to attract AUM and trading income.
  • Work with Group to improve client offering keeping in view client needs, profile and requirements.

Requirement:

  • Good degree from a reputable institution in business, finance, accounting or tax
  • Relevant experience in related roles or supporting similar role with 10+ years of working experience.
  • Good understanding of deposit, financial products and services relating to lending and deposit
  • Awareness of legal and regulatory environment in key markets, and how these affect services delivery to clients.
  • Ability to work in a multi-cultural environment with a diversified client and employee base.
  • Excellent interpersonal and client skills
  • Ability to use enterprise tools for data analytics and reports.

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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.