Relationship Manager, Personal Banking (Entry Level)

About the Role

Embark on a rewarding journey as a Relationship Manager in the Personal Banking sector with Singapore's premier bank. This entry-level sales role focuses on building wealth management expertise within consumer banking, offering structured training, a stable income, and unlimited earning potential right from the start. This is a target-driven sales role involving direct client engagement to assess financial needs and meet monthly performance goals.

Key Responsibilities

• Identify and convert client financial needs into sales opportunities.
• Advocate wealth protection and investment products suited to client profiles.
• Develop and maintain a robust sales pipeline to achieve monthly revenue targets and KPIs.
• Engage clients through bank-provided tele-prospecting leads, branch walk-ins, and uncovering further needs during client interactions.

Note: There is no requirement for contacting family/friends, door-to-door canvassing, event roadshows, random prospecting, or lead purchasing.

Training and Career Development

• Participate in an intensive three-week classroom training followed by 8–12 weeks of on-the-job mentorship.
• Complete CMFAS certification with provided reimbursement and ongoing guidance.
• Opportunities for rapid career progression into affluent banking segments or team leadership roles within 2–5 years, depending on performance.

Compensation and Benefits

• Receive paid training from day one.
• Enjoy a fixed base salary plus monthly allowances and uncapped monthly incentives based on sales achievements, all CPF-contributable.
• Typical first-year earnings range between SGD 70,000 and SGD 100,000+, with entry-level basic pay between SGD 3,600 and SGD 3,800 plus SGD 300 allowance, and higher packages for experienced candidates including sign-on bonuses.
• Average personal bankers earn monthly salaries of SGD 6,000 to SGD 8,000, with top performers exceeding SGD 10,000.
• Additional perks include overseas incentive travel, annual leave, wellness programs, staff banking privileges, and performance awards.

Eligibility Criteria

• Applicants must be Singaporean citizens or Permanent Residents.
• Possess a local diploma or degree recognized by the Monetary Authority of Singapore (MAS). Eligible diplomas include full-time private diplomas from institutions like SIMGE, NAFA, or Laselle; many part-time private diplomas may not qualify.
• Must be willing to engage in outbound calling, manage rejection professionally, and consistently pursue monthly targets.
• CMFAS certification is required before starting, with reimbursement and support provided.

Ideal Candidate Profile

• Individuals aiming for a career in sales within banking, not customer service or back-office roles.
• Comfortable with frequent client interactions and driven by performance-based incentives.
• Resilient in handling rejection while maintaining perseverance to meet monthly KPIs.
• Ambitious for clear career growth into affluent client segments and management.