As Singapore’s longest established bank, we have been dedicated to enabling individuals and businesses to achieve their aspirations since 1932. How? By taking the time to truly understand people. From there, we provide support, services, solutions, and career paths that meet their individual needs and desires.
Today, we’re on a journey of transformation. Leveraging technology and creativity to become a future-ready learning organisation. But for all that change, our strategic ambition is consistently clear and bold, which is to be Asia’s leading financial services partner for a sustainable future.
We invite you to build the bank of the future. Innovate the way we deliver financial services. Work in friendly, supportive teams. Build lasting value in your community. Help people grow their assets, business, and investments. Take your learning as far as you can. Or simply enjoy a vibrant, future-ready career.
Your Opportunity Starts Here.
Purpose of the role:
Reporting to Customer Segment Management head under Consumer Financial Services Division, the role helps manage customer proposition development of Personal Banking and Premier Banking. The incumbent will conduct target customer and market studies, and develop best-in-class propositions that cater to different segment needs and that meet the Bank’s strategic directives. He/she will also design marketing campaigns that can help grow target customer and revenue growth. The person is responsible for meeting customer and revenue targets under the annual operating plan. Most imperatively, all programs should comply with Group and regulatory requirements, ensuring satisfactory audit results.
What you will be doing:
For customer growth on onshore /offshore affluent
Design and implement of new acquisition strategies and marketing programs to grow Premier Banking customers
Collaborate with different business owners to develop referral program and further deepen product penetration
Drive marketing campaigns to upkeep market competitiveness and to formulate marketing strategies and explore the business opportunities to drive bank’s revenue
Ensure CVP to meet customer needs and help acquire new customer/ relationships
Deliver quality research and actionable insights to deepen our customer understanding for sharing the business strategy to drive centricity
Collaborate with various product, credit, operations, and functional teams to improve customer service delivery through turnaround times, service guarantee and process improvements
Perform analysis on programme result to evaluate performance
Collaborate with Compliance, Legal, Risk Management, and other control functions to ensure compliance to Group and regulatory standards
For customer growth on mass segment
Plan, execute and manage strategy and tactical business plan, considering the market opportunity/growth potential, competitor activity, existing capabilities and risk appetite, delivering Personal Banking and Workplace Banking business goals.
Develop sales strategy for business leads acquisition working with Branch Banking, Direct Sales, analytics and marketing teams to ensure Mass clients are acquired
Develop comprehensive CVP for mass customer segment.
Develop basic product bundles and solutions dedicated to mass segment.
Collaborate with Compliance, Legal, Risk Management, and other control functions to ensure compliance to Group and regulatory standards
For customer portfolio growth
Revamp and implement need-based customer propositions that are best-in-class and cater to different customer segments.
Also coordinate with OCBC Group on bringing in best practices and regional offerings
Design and roll out customer and revenue growth campaigns with an aim to address customer needs with a range of product solutions.
Conduct competitor study on an ongoing basis and recommend counter moves to ensure market competitiveness
Collaborate with product teams and help steer product enhancement to meet the need of respective customer segments. Steer market competitive customer engagement and experience journey
Tailor differentiates privileges, loyalty programs & events to deepen customer relationship and provide prestige customer experience
Manage CVP development along with Sales and Service model such as RM model, call center service model, Remote channel features and Product differentiations
Collaborate with Compliance, Legal, Risk Management, and other control functions to ensure compliance to Group and regulatory standards
Digital Transformation
Understand the business objective, identify performance gap, develop and deploy training inputs to build strong sales functional competencies at all levels.
Review the existing capabilities and identify area of improvements.
Drive a solid strategy to commercialize the capabilities and optimize the cost and spending.
Customer-Centric Strategy: To lead and collaborate with cross-functional teams to develop a customer-centric roadmap and strategy for transformation e.g. enhancing the core banking system and customer related digital journey. Aligning it with customer expectations and business goals.
Stakeholder Management: Engage with stakeholders, including frontlines, operations, and product owners, to understand their needs, gather feedback, and ensure effective communication throughout the enhancement process.
Continuous Improvement: Monitor customer/frontline feedback, system performance, and industry trends to identify opportunities for continuous improvement and innovation in Digital transformation.
Performance monitoring: To work closely with the analytics team to manage the tracking and reporting of customer behavior. Take ownership of performance.
Who are we looking for:
Bachelor's degree in business administration, Management, Marketing, banking or finance related field.
5-10 years’ experience in customer segment management, (affluent is preferred) Marketing, Digital, Consumer Products, etc.
Deep understanding of customer experience principles, customer journey mapping, and customer-centric design thinking methodologies.
Strong analytical and problem-solving skills.
Excellent communication and interpersonal skills, with the ability to effectively engage and influence stakeholders to champion customer-centric initiatives.
Passion for delivering exceptional customer experiences and a customer-first mindset.
Knowledge of regulatory compliance requirements in the banking industry is highly desirable.
#LI-SL1
What we offer:
Competitive base salary. A suite of holistic, flexible benefits to suit every lifestyle. Community initiatives. Industry-leading learning and professional development opportunities. Your wellbeing, growth and aspirations are every bit as cared for as the needs of our customers.
Skills Required
- Bachelor's degree in business administration, management, marketing, banking or finance related field
- 5-10 years' experience in customer segment management, marketing, digital, or consumer products
- Experience managing affluent/premier customer segments (affluent preferred)
- Deep understanding of customer experience principles, journey mapping and design thinking
- Strong analytical and problem-solving skills; ability to analyze programme results and customer behaviour
- Excellent communication and interpersonal skills with stakeholder engagement and influence capability
- Experience in digital transformation initiatives and working with analytics, product and operations teams
- Knowledge of regulatory compliance requirements in the banking industry
What We Do
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.
