Business Control Manager (AVP)

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!

Bank of Singapore opens doors to new opportunities.!

The Business Control Manager will join the MRPA - Business Controlling team, focusing on being a dedicated partner for matters related to external intermediaries and insurance referrals.
He/she will lead a team of fi nancial analysts in running the day-to-day operations for the fi nancial intermediaries (FIM) and insurance referral business. He/she requires strong operation acumen and ability to manage work fl ows and relationships with various stakeholders. He/she is responsible for ensuring smooth execution of daily processes, maintaining operational e ffi ciency and supporting the coordination between internal and external stakeholders.

Main Responsibilities

• Business Controlling - Financial Intermediary and Insurance Referral:
• Continually optimize the operational processes for the FIM business to reduce payment risk and eliminate operational risk incidents
• Oversee the accurate calculation of retrocession fees based on signed agreements with external partners and sign-off on periodic Referral Commission processes relating to external intermediaries [Referral Intermediaries (RI) and Independent Asset Managers (IAM)]
• Ensure that all retrocession-related activities comply with relevant regulatory requirements and internal policies
• Collaborate with FIM and RI Governance teams to uphold overall FIM governance and partner with Front O ffi ce business managers to create referral commission transparency
• Implement new FIM agreement setup in the retrocession calculation application
• Lead the retrocession calculation application enhancement and upgrades to continuously improve calculation, accrual and process enhancements
• Responsible for the operational accounts receivable functions of the Insurance Referral business from accruals, invoicing and working with all the bank ' s insurance partners

Work Experience & Qualification

• Minimum of 7-8 years of experience in finance, with a strong focus on asset management and retrocession calculations.
• Proven experience in a leadership or supervisory role within a finance department.
• In-depth knowledge of Financial Intermediary business, retrocession agreements, financial reporting, and asset management processes.
• Ability to work effectively in a fast-paced and dynamic environment, managing multiple priorities.
• Proficient in Data Visualisation tools (e.g. Power BI or Tableau) and SQL preferred.

• Degree in Accounting, Banking or Finance.