Specialist, Product Management - Bancassurance, Consumer Banking

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. As a market leader in the consumer banking business, DBS has a full spectrum of products and services, including deposits, investments, insurance, mortgages, credit cards and personal loans, to help our customers realise their dreams and aspirations at every life stage. Our financial solutions are not only the best in the business - they were made just right for you.

Responsibilities

Business / Product Strategy & Implementation

• Support the end-to-end implementation of product / business initiatives by working with our insurance partners as well as internal / group key stakeholders
• Competitive landscape and market analysis such that we are on top of development in market
• Support the strategy on customer discount and how to utilize it effectively to drive business

Product & Provider Management

• Work with partners on all aspects related to product management, including but not limited to dividend cut, persistency, revamp / enhancement of existing products, admin & claims issues etc
• Support the annual product & provider due diligence to fulfil the regulatory and group requirements, registration of provider with Insurance Authority

Partnership Management

• Help prepare the regular monthly Product Development Committee / Operating Committee / RSC meeting decks and ensure alignment with partners, follow up the minutes / actions promptly

Annual Planning

• Support the annual planning process with local & group, also our insurance partners

Data Driven Operating Model / Data Analytics

• Work with data analytic team to come up with useful data analysis for the business
• Use of these data analysis in management reporting to demonstrate our DDOM capabilities

Eco-System Partnership Development

• Support eco-system partnership development with the right life and GI products, and work closely with Digital Marketing team within banca and Digital Ecosystem teams
• Source the right product from our insurance partners that would fits well for the ecosystem partners
• Provide input to digital teams on what proposition would fit the customers of the ecosystem partners

Risk & Control

• Ensure we fulfil all the regulations and guidelines related to products / providers and we have proper controls/procedures in place
• Help support any internal / regulatory audits data submission or enquiries on product/provider related matters

Accountabilities

• Achieve the joint business plan for both life & GI
• Support products / customers / channel initiatives

Requirements

1. University graduate majoring in business administration, statistics, finance or other related discipline
2. Some experience working with frontline sales and good understanding of different segments within bank environment
3. Some product / business / premium financing / planning / risk & control experience
4. Some bancassurance experience and familiar with the HK market
5. Understanding of insurance proposition - protection, education savings, retirement, managing wealth, legacy planning
6. Understanding of life & GI insurance business, bancassurance model

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.

We regret only shortlisted candidates will be notified.