SVP/ED, Head of Risk Management, Insurance Solutions, Private Banking, Consumer

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.

DBS’ Private Banking offers a one-stop, full-service touchpoint for total banking requirements and provides the highest level of personalized banking. We have a team of dedicated, experienced investment advisors who identify opportunities in the various asset classes and employ the best strategies and product vehicles to cater to each client’s needs. Coupled with partnerships within the DBS network and with global institutions, we strive to build long-term relationships with our Private Banking clients in Asia by providing them with high quality, timely and extensive wealth management, investment, and financial solutions.

Responsibilities

• A strategic risk management advisory role, reporting to the Head of Insurance Solutions (WPFOIS).
• Develop a systematic risk assessment framework to engage Family Office and Ultra High Net Worth clients to achieve their risk management objectives.
• Work closely with the Family Office team in providing total solutions to key clients.
• Identify opportunities with bankers and conduct joint client visits with Family Office and Wealth Planning teams to understand client’s risk management needs and recommend suitable solutions, which includes general and life insurance.
• Work closely with and support the insurance application fulfilment process handled by external insurance providers.
• Perform regulated activities and ensure full compliance with policies, standards, guidelines & procedures in accordance with the Bank and regulatory authorities.
• Ensure all products recommended are approved internally and meet the bank’s internal governance process.
• Perform regular training for private bankers so that they are familiar with concept-selling, as well as the main attributes of the products and their applications.
• Assist WPFOIS and the Insurance Solutions team in planning and executing strategic initiatives.

Requirements

• Familiarity with the UHNW segment is a preferred key attribute, with at least 10 to 15 years in private banking or related experience in U/HNW client segments.
• Strong knowledge and understanding of health, general and life insurance.
• Possesses a strong can-do attitude, business acumen, and ability to build strong working relationships with bankers and relevant internal & external stakeholders/partners.
• Possesses CMFAS qualifications for health and general insurance.
• Travelling may be required.

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