Product Specialist, Lending and Deposit (Assistant Vice President) | Singapore, SG

Bank of Singapore; Singapore; On-site; SGD 80,000 - 120,000; Full time

Job summary

A leading financial institution seeks a Product Specialist in Lending and Deposit. This role focuses on developing deposit strategies, ensuring regulatory compliance, and supporting credit structuring. Candidates should possess extensive experience in financial products, strong analytical skills, and excellent interpersonal abilities.

Benefits

Attractive remuneration packages

Opportunities for professional and personal development

Qualifications

• 10+ years of experience in a relevant role.
• Good understanding of financial products and services.
• Ability to work in a multi-cultural environment.

Responsibilities

• Develop strategies to drive AUM growth and revenue.
• Structure and present credit proposals to stakeholders.
• Collaborate with sales channels and support product sales.

Skills

Interpersonal Skills

Client Skills

Data Analytics

Education

Degree in Business, Finance, Accounting or Tax

Job description

Product Specialist, Lending and Deposit (Assistant 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 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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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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