About this role
WHO WE ARE:
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.
Job Responsibilities:
The Product Manager is responsible for developing, enhancing and redesigning of secured lending/financing products catered to targeted customer segment. He/she is required to evaluate the potential and practicality of products in development and relies on extensive experience and judgment to plan and accomplish goals that are aligned to the lending business.
This involves the following responsibilities:
- Responsible for delivering financial commitments including portfolio balances, revenue and risk-return measures in the Bank’s annual operating plan.
- Assist the unit head to manage end-to-end product management encompassing product development, process design, customer engagement, acquisition, documentation, disbursement, retention and collateral administration. This includes ownership and maintenance of credit policies and adherence to legal and regulatory requirements.
- Work with the Pricing team to develop and administer pricing framework and pricing empowerment for the products developed.
- Train sales teams (internal and external) on new products or if there are product enhancements/changes
- Partner with marketing & segments team to conceptualise and roll-out promotional campaigns including pricing, marketing message, tracking and performing pre and post implementation review, including development & update of collateral and forms.
- Oversight on day-to-day management operations, involving pricing approvals and decisioning concerning deviations in the process chain, involving coordination with internal stakeholders.
- Act as the main liaison to the distribution channel to address concerns and queries coming from multiple aspects such as operations, process, product, customer feedback/queries, etc
- Minimum Degree in any field, preferably in Business Administration, Marketing related and/or Banking
- Minimum 5 years working experience in Mortgage or in product management of any other secured lending products in Banking Institution
- Have a strong knowledge in credit risk, product pricing and managing portfolio yields and risk
- Able to work cross functionally and with people of all levels as well as with agency and suppliers
- Strong inter-personal, analytical, communication and negotiation skills. Role requires seasoned judgment and problem-solving abilities
- Pleasant personality with good work attitude and able to work independently and meet deadlines. Computer literate
- Able to work effectively in a team environment and collaborate with internal and external stakeholders to deliver outcomes
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.
Other facts
About OCBC
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.
What you'll do
- The Product Manager is responsible for developing and enhancing secured lending products while ensuring alignment with the bank's financial commitments. This includes managing end-to-end product management and collaborating with various teams for successful product implementation.
Ready to join OCBC?
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