Ocbc Bank Reviews

Pros

more exposure and colleagues are very nice and kind. team bond closely to each other.
It is stable among the local banks.

Cons

As a local bank, one of the downsides is is locality. Foreigner is not that easy to adapy into the company.

Advice to Senior Management

Make some risky decisions,because no risk, no benefits. The more risky chanllenges they take, the more profits there are.

Pros

Robust and structure risk management processes in place.

Cons

Stringent and tedious audit culture

Pros

Good employee benefits - snacks, bubble tea every month, leave by 5 on a Friday each month
Nice colleagues who are willing to teach, when they are not busy with their own work

Cons

As an intern, no proper structure in place for speed learning/ training, which is important given the short 3-month internship period.

Advice to Senior Management

Modernization of processes, documentation is necessary.
Liaison between Relationship Managers and Credit Service Officers need to be standardized/ be more structured in order to be more efficient

Pros

Good training ground for fresh graduates
Senior managers are approachable and they have interest in staff welfare.
Co-workers in other departments are easy to work with.

Cons

Not much scope for career development for middle level professionals.
Lots of overtime even for those working in a non-operational unit/divison
Lots of work has to be done manual - no standard systems or software
Minimal increment

Advice to Senior Management

Look into teams with high turnover rate cos most of the time immediate bosses running it are not good leaders and they should probably work alone, instead of managing teams.

Pros

good in-house training
good mentoring prog
friendly colleagues

Cons

low pay compared to industry average
office politics

Pros

Wonderful team mates. People with kind hearts.

Cons

Very local mentality. Bureaucratic & obsessed with red tape

Pros

Some senior managements are willing to impact knowledge
People are generally nice and helpful at the ground level

Cons

Promotion is based on 1. budget, 2. seniority, 3. performance, people have to "queue" up year on year to get promoted if you are not management's favourite.
The typical mentality of "cheap" and "good", want hardworking employee but give lousy pay.
Senior management politics and warfare.

Advice to Senior Management

The performance of the staff should be placed on top of seniority.

Pros

Stable, and relatively relaxed working environment. Iron rice bowl for many looking to settle down in a bank. A place to just cruise through till a better offer appears.

Cons

Lousy compensation for sales people. Bureaucratic with incumbent senior bankers running the show. Close-minded mentality, antiquated business strategies, and lack of respect towards employees. Not ideal if you're looking to make some good money.

Advice to Senior Management

Please listen to your employees and ensure that they feel like they are a necessary part of the organization, Not as someone that can be easily replaced, you should retain talent with good management practices and benefits.

Pros

Huge SME customer base. We can build our network.

Cons

Very low compensation as compare to peer bank

Advice to Senior Management

Please increase compensation

Pros

Provide guidance and training
Good management support
Friendly working environment
Good career growth and opportunities
Work life balance depending on the department

Cons

Relatively lower compensation compared to peer banks
Generally departments still work in silo
Too many old guards with stubborn mentality

Advice to Senior Management

Have to review HR policies to make sure we are current