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18 May 2020

Head of Bancassurance at Standard Chartered Bank

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Job Description

About Standard Chartered 
We are a leading international bank focused on helping people and companies prosper across Asia, Africa and the Middle East.
To us, good performance is about much more than turning a profit.  It’s about showing how you embody our valued behaviours – do the right thing, better together and never settle – as well as our brand promise, Here for good.
We’re committed to promoting equality in the workplace and creating an inclusive and flexible culture – one where everyone can realise their full potential and make a positive contribution to our organisation. This in turn helps us to provide better support to our broad client base.

The Role Responsibilities
Strategy and Planning
  • Develop & execute an overall business corporate plan covering all insurance activities across all channels based on business targets in alignment with Insurance Partners and global strategy
  • Develop & execute an overall plan to plan and execute the Wealth Management value proposition objectives
 
 
 
 
Financial and Performance Management
  • Active management of overall Insurance P&L to deliver client satisfaction, and revenue targets for the business.
  • Drive sales and client adoption of  insurance products activities via all available channels of the Bank
  • Monthly reporting of insurance business including, but not limited to, commissions received, financial projections, marketing activities, etc
  • Increase in penetration of Insurance products across client segments
 
 
 
 
 
 
 
Product Development and Operational workflow

  • Identify insurance product needs for all customer segments in consultation with Sgment Heads.
  • Develop appropriate product and service propositions / offerings with Insurance Partners
  • Monitor operational activities to ensure that they are compliant with
    • Local regulations, policies and procedures
    • SCB Country level and Group policies and procedures
 

Marketing and Brand Management

  • Initiate, execute and manage marketing programmes and retention strategies in line with business objectives
  • Ensure brand compliance for all above and below-the-line communication according to local / global standards for SCB and relevant Insurance Partner

Compliance & Control

  • Ensure a robust risk management and compliance model for the insurance business across client segments according to local regulations and internal policies
  • Ensure active monitoring and maintenance of risk management policies and controls / standards
  • Ensure all insurance-related staff and activites are compliant with local and Group policies / standards / controls
  • Responsible for any necessary reporting as required by local country insurance authorities and regulators.  Group Insurance must be informed of all external communications to regulators.
  • Ensure that the country is compliant with local insurance regulations and guidelines
 
 
Our Ideal Candidate
  • Excellent knowledge of insurance products & processes
  • Regulatory qualification requirements
  • Degree holder in any discipline
  • Ability to manage P&L, business performance & revenues.
  • Good interpersonal & management skills. 
  • Good understanding of customer segmentation & needs as well as an in-depth knowledge of distribution channel strategies in a bank or similar organisation.
  • Minimum 3 years of related insurance experience
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Method of Application

Submit your CV and Application on Company Website : Click Here

Closing Date : 1 June, 2020



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