Product Manager, Product Development (Assistant Vice President)

Bank of Singapore opens doors to new opportunities.

Start your career with Bank of Singapore as Product Manager in Product Development team!

At Bank of Singapore, we are constantly on the lookout for exceptional individuals to join our team. We promote a culture of openness, teamwork and fairness. Most importantly, we invest in our people through our programmes that develop them on both professional and personal levels. Besides attractive remuneration packages, we offer non-financial benefits and opportunities to develop your potential within OCBC Group’s global network of subsidiaries and offices. If you have passion, drive and the will to succeed, rise to the challenge today!

Your primary objective will be to ensure the financial success of the products in your department. You will be expected to bring best practices in product management and development with a strong emphasis on product innovation, revenue generation, pricing strategy, and market positioning.

Main Duties\:

In this role, your main duties and responsibilities will involve:

• Business and Market Analysis – Identify opportunities for revenue enhancement based on market trends, customer needs, and competitive landscape
• Product Shelf Strategy – Conceptualize new or augment services and product offerings to complement and enhance product shelf
• Change Project Management – Coordinate and/or execute of business strategy and work plans, including working with key stakeholders to ensure change solutions are sustainable, tracking of initiatives and resolution actions. Initiate tactical solutions to existing practices where required.
• Revenue Strategy – Define and implement strategies to drive revenue growth for the product developed while identifying opportunities for revenue enhancement based on market trends, customer needs, and competitive landscape.
• Pricing Strategy – Develop and manage pricing models that maximize profitability while remaining competitive and analyze customer feedback to optimize pricing strategies.
• Product Launch – Plan and execute product launches that maximize market impact and revenue potential while developing go-to-market strategies
• Sales Enablement – Develop product demos / presentations that highlight the product’s value proposition and create training materials for customer facing advisors.
• Cross-Functional leadership – Work with sales, marketing, finance, and customer support teams to ensure alignment on revenue objectives and market needs.
• Performance Analysis – Define key performance indicators (KPIs) to measure product performance and revenue impact. Analyze sales data and customer feedback to identify areas for improvement and growth.
• Customer Engagement – Engage with customers to gather insights and feedback that inform product development and enhancements. Develop strategies for customer retention and upselling to increase lifetime value.

Requirement:

• Bachelor’s degree. Possession of MBA or related qualification is advantageous.
• Exposure to Private Banking is mandatory.
• Ability to analyze data and market trends to inform decision-making.
• Strong understanding of business principles, revenue models, and financial metrics.
• Excellent verbal and written communication skills to convey product vision and collaborate with teams.
• Familiarity with product lifecycle, operating models and processes with a strong focus on risk and controls.
• Thrive in a fast-paced environment and can adapt to various demands in a diverse culture.

• Familiar with relevant rules and regulations, those relating to local private banking business.