SVP / VP, Bancassurance Product Management Specialist, Consumer Banking Group | Singapore, SG

DBS Bank Limited; Singapore; On-site; SGD 150,000 - 250,000; Full time

Job summary

A leading bank in Asia seeks a SVP / VP, Bancassurance Product Management Specialist. This role involves shaping product strategies and managing the product development lifecycle within the Consumer Banking Group. Ideal candidates have over 8 years of experience in insurance product manufacturing, possess strong stakeholder management skills, and are familiar with financial compliance. A competitive salary and benefits package are offered.

Benefits

Competitive salary and benefits

Dynamic environment supporting development

Qualifications

• Minimum of 8 years' experience in Insurance and/or insurance product manufacturing
• Actuarial background will be highly valued
• Familiarity with the regulatory landscape in financial services

Responsibilities

• Lead annual product planning and create product strategies
• Oversee the product development process from ideation to launch
• Implement robust project management processes across the region

Skills

Strong industry knowledge and excellent bancassurance network

Strong communication and stakeholder management skills

Excellent project management skills

Education

Bachelor's degree or higher

Job description

SVP / VP, Bancassurance Product Management Specialist, Consumer Banking Group

SVP / VP, Bancassurance Product Management Specialist, Consumer Banking Group

SVP / VP, Bancassurance Product Management Specialist, Consumer Banking Group

Business Function:

As the leading bank in Asia, DBS Consumer Banking Group is in a unique position to help our customers realise their dreams and ambitions with our full spectrum of products and services. Being a Product Specialist in Regional Bancassurance, you will be pivotal in positioning DBS as the leading Bancassurance distributor in the region.

Responsibilities:

Product Strategy

• Take a lead role in the annual product planning to create product strategies and roadmaps with respective markets that support growth ambition. Influence partners on product design to be more bancassurance friendly.
• Advise/optimize Market's product shelves with data, build pricing models to ensure products are competitive in pricing and compensation for customers and bank.
• Leveraging industry network, provide insights on competitive market, product and distribution
• Use data-driven operating model (DDOM) to prepare product analysis on product mix, profitability for Regional Banca partners' meeting

Product Management

• Oversee the end to end product development process from ideation to launch.
• Review product submission and ensure products, processes and its collaterals are in compliance with DBS guidelines.
• Develop robust processes and standards on Product governance
• Design and implement Best Practice Product Development approaches across the region

Partnership Management

• Implement robust project management processes across the region to ensure partners are delivering on their commitments
• Liaise with insurance providers for products and competitiveness
• Prepare monthly product updates & challenges escalation to senior stakeholders.
• Work with Reinsurers directly to negotiate product UW and design when necessary

Special Projects

• Regionally driven Product Solutions
• Product deep dives
• Innovation workshops - embedding innovation into product outcomes
• Banca Product Academy - train product teams in Markets

Requirements:

• Bachelor's degree or higher with a minimum of 8 years' experience in Insurance and/or experience in Insurance product manufacturing, pricing, product profitability, competitive analysis. Actuarial background will be highly valued
• Strong industry knowledge and excellent bancassurance network;
• Familiarity with the regulatory landscape and compliance requirements in the financial services industry
• Strong communication and stakeholder management skills, with the ability to effectively present and influence at all levels of the organization
• Excellent project management skills
• Highly organized and detail-oriented, with the ability to manage multiple priorities and deadlines

Apply Now

We offer a competitive salary and benefits package and the professional advantages of a dynamic environment that supports your development and recognises your achievements.

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