Job Description

Job : Private Banking and Wealth
Primary Location : Asia-Singapore-Singapore
Schedule : Full-time
Employee Status : Permanent
Posting Date : 15/Feb/2023, 1:15:26 AM
Unposting Date : Ongoing


Role Responsibilities

• Support Product Distribution Strategy focusing on Insurance Products across segments and value streams.
• Support and Drive Business Performance, from channel/distribution sales performance, to cost management, customer base growth and market share.
• Drive Product Management and Delivery \xe2\x80\x93 Ensure Bancassurance product delivery and execution of the product\xe2\x80\x99s route to market across all channels, in line with the overall business plan and revenue targets.
• Ensure compliance with Regulations, the Group Insurance Manual and the relevant Group Procedure and Product Governance committees.

Strategy

• Work closely with insurance partners to conceptualise, negotiate, develop, or re-package product propositions to drive sales acquisition and increase wallet share. This is enabled by identifying customer, market, and/or distribution opportunities, and conducting regular market scans for best practice.
• Support Bancassurance Product Head to deliver an overall country strategy with proactive and regular engagements with all Segments and other departments to drive the business forward.

Business

• Conduct regular insurance product and provider reviews and competitor analysis on price and proposition.
• Support Bancassurance revenue growth in accordance with Budget/Forecast as well as to deliver the business plans.
• Track and measure results, and ensure reporting and MIS infrastructure is in place to measure business performance (profit, revenue, commission, and costs) and financial drivers (e.g., referrals, conversion ratios).

Processes

• Coordinate insurance providers and internal teams (marketing, segments) to drive product launch and increase product penetration, such as:
• Marketing and Product launch: sales kits and below-the-line marketing such as point-of-sale materials, internal & external communication, promotions, direct marketing, event marketing and scripts.
• Training coordination and improve distribution touchpoints.
• Targeted marketing at client base via Telemarketing, Direct Marketing, or Remote Channels and utilizing customer analytics and purchase propensity model.
• Active involvement in defining the appropriate skills, education, experience etc of the insurance sales staff & development of the training curriculum to optimize sales achievement.
• Deliver projects, including technology-related, that will support, drive, and scale up the Bancassurance business.

Risk Management

• Identify, assess, monitor key issues for projects, activities and products to be delivered/delivered and to put in place appropriate controls and measures to control and mitigate risks.

Governance

• Awareness and understanding of the regulatory framework, in which the Group operates, and the regulatory requirements and expectations relevant to the role. Manage activities to comply with regulations as well as internal policies and procedures. Deliver effective governance, oversight and controls in the business.

Regulatory & Business Conduct

• Display exemplary conduct and live by the Group\xe2\x80\x99s Values and Code of Conduct.
• Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
• Lead the Bancassurance team to achieve the outcomes set out in the Bank\'s Conduct Principles. Fair Outcomes for Clients, Effective Financial Markets, Financial Crime Compliance, The Right Environment.
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.

Other Responsibilities

• Embed Here for good and Group\xe2\x80\x99s brand and values in Bancassurance team, perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.

Our Ideal Candidate

• Degree Holder with 5+ years of relevant Insurance sales or product experience.
• M5, M8, M9 and HI and/or PGI and BCP essentials.
• Digital marketing experience will be an added advantage.
• Excellent people and project management skills with strong interpersonal and communication ability to independently deal with people of all levels in complex and challenging situations.

Role Specific Technical Competencies

• Products - Insurance
• Products and Processes
• Regulatory Framework and Requirements

About Standard Chartered We\'re an international bank, nimble enough to act, big enough for impact. For more than 160 years, we\'ve worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before. If you\'re looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents. And we can\'t wait to see the talents you can bring us.
Our purpose, to drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good are achieved by how we each live our valued behaviours. When you work with us, you\'ll see how we value difference and advocate inclusion. Together we:

• Do the right thing and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do
• Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well
• Be better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term

In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.

• Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations
• Time-off including annual, parental/maternity (20 weeks), sabbatical (12 weeks maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum
• Flexible working options based around home and office locations, with flexible working patterns
• Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
• A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning
• Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.

Recruitment assessments - some of our roles use assessments to help us understand how suitable you are for the role you\'ve applied to. If you are invited to take an assessment, this is great news. It means your application has progressed to an important stage of our recruitment process. Visit our careers website www.sc.com/careers