Working at DBS Bank Singapore: A Comprehensive Guide

DBS Bank, a giant in Southeast Asia, spans 18 markets with a reputation for innovative banking, unwavering customer commitment, and a dedication to diversity and inclusion.

Contemplating a career at DBS? Dive into this blog, crafted by Aniday, for a deep dive into the bank's rich history, vibrant culture, enticing benefits, and visionary leadership. Your journey towards a fulfilling career starts here.

Company History

Established in 1968, the Development Bank of Singapore (DBS) has transcended its origins as a government-led initiative for industrialization. Evolving into the unparalleled financial powerhouse of Southeast Asia, DBS has undergone a transformative journey. It now stands as a pivotal player not only in Singapore but also in the vibrant landscapes of Asia and the Middle East, marking a dynamic and influential presence in the global financial arena.

A watershed moment in DBS's narrative unfolded in 1998 with the strategic acquisition of POSBank, a move that not only solidified its standing as a trusted household name in Singapore but also propelled the bank into regional prominence. Today, DBS stands as a beacon of comprehensive financial services, encompassing corporate, SME, consumer, and wholesale banking across Asia and the Middle East. This unwavering commitment positions DBS as a central force in the ever-evolving global financial landscape, marking its enduring impact on the industry.

Company Culture

DBS Bank has a strong corporate culture that is based on the following values:

• Customer-Centricity: At DBS, customer satisfaction takes precedence, with a firm belief that customers represent our most crucial stakeholders.

• Innovation: At the forefront of technological advancements, DBS constantly innovates to exceed customer expectations, leading the way in delivering cutting-edge financial services.

• Diversity and Inclusion: DBS thrives on diversity and inclusion, recognizing that a richly diverse workplace fosters creativity and drives ongoing success.

DBS Bank is the ideal workplace for individuals driven by a passion for banking, customer service, and innovation. The bank offers a challenging yet fulfilling work environment.

Employee Benefits

At DBS, employees find themselves in an environment where they are not only valued but also encouraged to live a fulfilled professional and personal life. The bank provides a robust suite of benefits and learning opportunities, empowering individuals to be their best, make a difference, and drive positive change. In valuing the distinctiveness of each team member, the company provides flexibility, empowering individuals to customize their benefits to align precisely with their unique needs.

Health and Wellness

A holistic approach to well-being is a priority at DBS, offering:

Comprehensive medical insurance for employees and their families, providing peace of mind.

• Generous leave benefits for major life events.

• A flexible benefits stipend that can be customized to individual lifestyles.

• Flexi-work arrangements, promoting a healthy work-life balance.

• Complimentary basic health screenings, wellness events, and leisure activities.

Family

DBS acknowledges the importance of family, fostering a family-friendly culture that includes:

• Maternity, paternity, and family leave to support employees in caring for their loved ones.

• Annual Kids@Work and Family Day activities, encouraging bonds within both the family and the DBS family.

Community

DBS believes in making a positive impact beyond banking:

• Opportunities for employees to join and initiate volunteering projects.

• Volunteer leave, enabling individuals to contribute to social causes close to their hearts.

Learning and Career

The company is dedicated to continuous learning and shaping a digital workforce:

• A dedicated career portal with personalized recommendations for professional development.

• Opportunities for internal mobility across businesses and countries.

• Engaging cross-department projects and innovation programs.

• Scholarship programs supporting educational and professional qualifications.

Finance

DBS empowers employees to achieve life's goals with preferential banking perks:

• Higher interest rates on deposits, lower rates on loans, fee waivers, and discounts.

• An employee share purchase plan, allowing individuals to have a stake in the company's success.

Recognition

Employees can celebrate their achievements with DBS's recognition and reward programs:

• Quarterly awards for exemplary performance.

• A peer-to-peer recognition platform, honoring everyday achievements.

• Service Recognition Award, acknowledging employees' contribution and commitment.

• At DBS, individuals don't just find jobs; they discover opportunities to thrive, grow, and make a meaningful impact. Joining DBS means embarking on a journey where individuals can truly be the change they wish to see.

Leadership Vision

A ship is only as good as its captain, and DBS is steered by visionary leaders who have navigated the bank through the complexities of the financial world. Piyush Gupta, the CEO since 2009, has been instrumental in shaping DBS's transformation into a digital powerhouse. Under his leadership, DBS has embraced technology, leading the way in digital banking innovation and redefining customer experiences.

Gupta's emphasis on sustainability is also noteworthy. DBS has wholeheartedly embraced its role as a purpose-driven organization, championing initiatives that span responsible banking practices to environmental sustainability efforts. This commitment not only aligns seamlessly with global trends but also strikes a chord with employees who aspire to be part of an organization actively contributing to positive societal change.

Awards and Honors

DBS's commitment to excellence is not only reflected in its internal culture and employee support but has also earned the bank numerous prestigious awards over the years. These accolades underscore DBS's growing strength and influence on the financial landscape throughout Asia and the world. The market and peers alike recognize the strengths of DBS's diverse team and its remarkable ability to deliver innovative financial solutions to its customers.

Some of the key awards that DBS has proudly received include:

• World's Best Bank for Corporate Responsibility 2023 - Euromoney

• Best Bank in the World 2022 - Global Finance

• World's Best Bank for SMEs 2022 - Euromoney

In Summary

For those seeking a fulfilling and dynamic career in banking, DBS Bank stands as an exceptional choice. Boasting a competitive benefits package, a robust corporate culture, and a team led by top-tier talent, DBS offers an unparalleled environment for professional growth and success.