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 manages the performance, growth and client service standards of an assigned market or client cluster. The role typically requires substantial experience in private banking, wealth management or relationship management, with a strong understanding of investment products, portfolio solutions, credit, risk controls and regulatory requirements. Candidates should demonstrate an established network of high-net-worth clients or intermediaries, strong leadership and coaching skills, commercial judgment, and the ability to acquire and retain clients. The successful candidate is expected to deliver revenue and asset-growth targets, deepen client relationships, collaborate across investment and product teams, maintain high compliance standards, and represent Bank of Singapore professionally in the market.
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 subsidiary of Singapore-based OCBC, one of Southeast Asia’s largest financial institutions. Headquartered in Singapore, the bank provides wealth management, investment advisory, financing, trust and estate-planning solutions to high-net-worth individuals, families, entrepreneurs and institutions. Its business is focused particularly on Asia, with capabilities covering major regional markets and international wealth centres. Bank of Singapore combines OCBC’s balance sheet, regional network and financial strength with dedicated private-banking expertise. Relationship managers and specialist teams work with clients to develop investment strategies, manage wealth across generations and support complex financial needs. The bank places emphasis on responsible banking, client confidentiality, regulatory discipline and long-term relationships. Compensation for senior roles generally includes a significant variable component linked to business performance, client outcomes and individual results.