Product Specialist, Lending and Deposit (Assistant Vice President)

OCBC Bank; Singapore; On-site; USD 80,000 - 150,000; Full time

Job summary

An established industry player is seeking a Product Specialist to join their Lending Advisory Solutions team. This role involves developing innovative deposit banking strategies, collaborating with sales channels, and ensuring compliance with regulations. You will play a key part in enhancing assets under management through effective client engagement and data-driven product propositions. If you have a strong background in finance and a passion for client management, this opportunity offers a dynamic work environment and significant growth potential within a global network.

Benefits

Attractive remuneration packages

Development programs

Growth opportunities

Non-financial benefits

Qualifications

• 10+ years of experience in banking or finance roles.
• Strong understanding of deposit and financial products.

Responsibilities

• Develop and implement deposit banking strategies to enhance AUM.
• Structure and present credit proposals for client approval.

Skills

Deposit Banking Strategies

Client Management

Data Analysis

Regulatory Compliance

Interpersonal Skills

Education

Degree in Business

Degree in Finance

Degree in Accounting

Tools

Enterprise Data Analytics Tools

Job description

Job Description - Product Specialist, Lending and Deposit (Assistant Vice President) (250000QK)

Job Overview

Bank of Singapore invites applications for the position of Product Specialist, Lending and Deposit (AVP) in the Lending Advisory Solutions team. We seek talented individuals to join our dynamic team, fostering a culture of openness, teamwork, and fairness. We invest in our employees through various development programs, offering attractive remuneration packages, non-financial benefits, and growth opportunities within OCBC Group's global network.

Role Summary

The specialist will support the Head of Lending Advisory in executing deposit strategies, developing deposit products to grow assets under management (AUM), and ensuring compliance with regulations. Additionally, the role involves assisting in credit structuring of proposals.

Main Responsibilities

1. Develop and implement deposit banking strategies to enhance AUM and revenue.
2. Collaborate with sales channels to meet business targets.
3. Support the PB Head of Sales in product sales and assist Front Office with product queries.
4. Provide product training to Front Office staff.
5. Contribute to marketing strategies and campaigns to promote deposit products and services.
6. Create comprehensive product propositions based on data analysis and customer insights.

Deposit Product Development

1. Coordinate with the Platform Team on deposit workflows and trade booking systems.
2. Maintain updated product papers and front office procedures.
3. Ensure adherence to regulatory policies such as SDIC.
4. Engage with auditors on deposit-related inquiries.
5. Prepare reports for program tracking and senior management presentations.
6. Conduct competitive analysis and provide recommendations to ALCO.
7. Analyze customer, product, and campaign data to identify improvement areas.

Credit Structuring

1. Structure, prepare, and present credit proposals for approval.
2. Engage with clients alongside front office to understand credit needs and improve transaction quality.
3. Leverage credit as a tool to attract AUM and trading income.
4. Collaborate with Group to enhance client offerings based on client profiles and needs.

Qualifications

• Degree in business, finance, accounting, or related fields from a reputable institution.
• Minimum of 10 years' relevant experience in similar roles or supporting related functions.
• Strong understanding of deposit and financial products related to lending and deposits.
• Knowledge of legal and regulatory environments in key markets.
• Ability to work effectively in a multicultural environment.
• Excellent interpersonal and client management skills.
• Proficiency in enterprise data analytics tools.