Business Control Manager (Vice President) | Singapore, SG

Bank of Singapore; Singapore; On-site; SGD 90,000 - 120,000; Full time

Job summary

Join a prestigious global bank as a Business Control Manager. You will lead a team in financial management, focusing on optimizing operational processes while ensuring compliance with agreements. Candidates with extensive finance experience and leadership abilities are encouraged to apply for this senior role where you can shape the bank's strategic initiatives.

Qualifications

• Minimum of 7-8 years of experience in finance.
• Proven experience in a leadership or supervisory role.
• In-depth knowledge of Financial Intermediary business and retrocession agreements.

Responsibilities

• Optimize operational processes for the Financial Intermediaries business.
• Lead a team managing operations for external intermediary business.
• Provide financial insights to support business decisions.

Skills

Leadership

Financial reporting

Data Visualisation

SQL

Asset management

Education

Degree in Accounting, Banking or Finance

Job description

Business Control Manager (Vice President)

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!

Bank of Singapore opens doors to new opportunities.!

The successful candidate will join the Business Change Management team, focusing on delivering change together with the Finance Business Controlling Unit.

Finance Business Controlling is the dedicated partner for all financial management matters related to external intermediaries and OCBC One Group collaboration.

This role will potentially lead a team of financial analysts in running the day-to-day operations for the external intermediary business, insurance referral business as well as the various OCBC One Group collaboration partnerships. The incumbent will also support the pillar head to setup and operationalize new external intermediary and One Group collaboration initiatives.

What you do

Business Controlling - Financial Intermediary and Insurance Referral:

• Continually optimize the operational processes for the Financial Intermediaries (FIM) business to reduce payment risk and eliminate operational risk incidents.

• Oversee the accurate calculation of retrocession fees based on signed agreements with external partners and sign-off on periodic Referral Commission processes relating to external intermediaries (RIs/IAMs/EFAs).

• Ensure that all retrocession-related activities comply with relevant regulatory requirements and internal policies

• Collaborate with FIM Excellence Centre (FIMEC) to uphold overall FIM governance and partner with Front Office business managers to create referral commission transparency.

• Implement new FIM agreement setup in the retrocession calculation application.

• Lead the retrocession calculation application enhancement and upgrades to continuously improve calculation, accrual and process enhancements

• Responsible for the operational accounts receivable functions of the Insurance Referral business from accruals, invoicing and working with all the bank's insurance partners.

Business Controlling - Group Collaboration and Business Finance:

• Provide value-added financial insights and analytics to Front Office in order to drive and support key business decisions with regards to One Group Collaboration.

• Facilitate implementation, tracking and monitoring of new group collaboration initiatives.

• Oversee the accurate calculations, payment and recognition of internal referral revenue sharing processes under existing and new One Group Collaboration agreements.

• Primary liaison for finance department to support BOS interests in all intra-group collaboration

Who you are

• Minimum of 7-8 years of experience in finance, with a strong focus on asset management and retrocession calculations.
• Proven experience in a leadership or supervisory role within a finance department.
• In-depth knowledge of Financial Intermediary business, retrocession agreements, financial reporting, and asset management processes.
• Ability to work effectively in a fast-paced and dynamic environment, managing multiple priorities.
• Proficient in Data Visualisation tools (e.g. Power BI or Tableau) and SQL preferred

Degree in Accounting, Banking or Finance.

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Asia's global private bankBank of Singapore is a wholly owned subsidiary of OCBC Bank, Southeast Asia’s second largest bank. Headquartered in Singapo...

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