Please Note
- An estimate based on public data for similar roles. Not provided by the employer.
Cluster Head
Role summary
Written by MyIslandJob from the job title and employer. See the employer's page for the full description.
The Cluster Head leads a team of private bankers and relationship managers serving high-net-worth clients in a designated market or client segment. Requirements typically include extensive private banking or wealth management experience, a strong record in client acquisition and revenue growth, knowledge of investment products and portfolio solutions, and solid understanding of regulatory and compliance obligations. The successful candidate is expected to set business strategy, develop key client relationships, coach and motivate the team, collaborate with investment and product specialists, and maintain high standards of conduct and risk control. Strong leadership, market knowledge, communication skills, and professional networks are important.
Can I work in Singapore?
Never pay anyone for a visa or a job offer. A real employer pays the permit costs and never asks you for money.
How it works
How it works: Employment Pass: SGD 6,200+ a month in banking at 23, more with age (6,600 from January 2027), plus 40 COMPASS points for pay, degree, nationality mix and local hiring.
Before you apply: Dealing, advising and senior roles usually need a regulator's licence or approval, which checks your honesty, skills and finances. Ask if your job does.
Watch for: You score 0 nationality points when your nationality is 25% or more of the firm's professionals and managers; the job is usually advertised to locals for 14 days first.
Official source: Ministry of Manpower: Employment Pass eligibility. Checked November 2026.
What the job usually comes with in Singapore
Usual for Banking jobs in Singapore, varies by employer. Checked November 2026.
| Housing | Not usual; senior expats may get an allowance; Work Permit staff: employer must ensure proper housing (by law) |
|---|---|
| Relocation | Work Permit staff: employer pays levy, bond and insurance (by law); relocation help is an expat perk |
| Flights | Work Permit staff: flight home paid by the employer (by law); others only if the offer says so |
| Contract | Work Permit up to 2 years; S Pass and Employment Pass up to 2, then 3; notice 1 day to 4 weeks by default |
| Leave | 7 to 14 days (by law; many get more); 11 public holidays; 14 days' sick leave, 60 in hospital |
| Income tax | 0% up to SGD 20,000 a year, then 2% to 24% (about 3% at SGD 60,000); resident rates on a 1-year pass |
| Health cover | Employer must insure Work Permit and S Pass staff, SGD 60,000 a year (by law); Employment Pass: company plan |
Senior staff often get more than line staff, for example a single room or a yearly home flight. Ask the employer what the job includes before you accept.
Guidance, not legal advice. Rules change; your employer confirms the details for your case.
About Bank of Singapore Limited
Bank of Singapore is the private banking arm of OCBC Group and is headquartered in Singapore. It provides wealth management and private banking services to high-net-worth individuals, families, entrepreneurs, and institutions across Asia and selected global markets. Its services generally include investment advisory, discretionary portfolio management, wealth planning, financing, trust and estate solutions, and access to capital markets and alternative investments. The bank operates through relationship managers, investment specialists, and product experts who develop tailored solutions for clients with complex financial needs. As part of OCBC, one of Southeast Asia's largest financial groups, Bank of Singapore benefits from the group's regional presence, balance sheet strength, and banking infrastructure. The organisation places strong emphasis on responsible investing, client trust, regulatory compliance, professional expertise, and long-term relationship management.