Home > Salary > Singapore > Operations Manager Banking
An Operations Manager in banking is responsible for overseeing the day-to-day operations of a bank or financial institution. They ensure that all operational processes run smoothly and efficiently, while also maintaining compliance with industry regulations. This role involves managing a team of employees, setting performance goals, and monitoring their progress. The Operations Manager also collaborates with other departments, such as risk management and customer service, to ensure seamless coordination and effective communication. They analyze operational data and identify areas for improvement, implementing strategies to enhance productivity and reduce costs. Additionally, they stay updated on industry trends and technological advancements to recommend and implement new systems or processes that can streamline operations. Overall, an Operations Manager in banking plays a critical role in optimizing operational efficiency, minimizing risks, and ensuring a positive customer experience.
Estimated Yearly Salary: 182,025 SGD
Estimated Monthly Salary: 15,169 SGD
Estimated Weekly Salary: 3,500 SGD per week
Estimated Hourly Salary: 88 SGD per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 14,650 SGD
Estimated Weekly Salary: 3,381 SGD per week
Estimated Hourly Salary: 85 SGD per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 90,915 USD
Estimated Monthly Salary: 7,576 USD
Estimated Weekly Salary: 1,748 USD per week
Estimated Hourly Salary: 44 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 182,025 SGD
Estimated Monthly Salary: 15,169 SGD
Estimated Weekly Salary: 3,500 SGD per week
Estimated Hourly Salary: 88 SGD per hour
By working as Operations Manager Banking a person can save up to 4,888 USD per month or 58,659 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Singapore, see costs of living in Singapore.
Estimated Yearly Salary for Operations Manager Banking
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
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Operations Manager Banking salary in Singapore
Average Yearly Salary of Operations Manager Banking in Singapore is approximately 182,025 SGD (90,915 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.
What does Operations Manager Banking do?
An Operations Manager in banking is responsible for overseeing the day-to-day operations of a bank or financial institution. They ensure that all operational processes run smoothly and efficiently, while also maintaining compliance with industry regulations. This role involves managing a team of employees, setting performance goals, and monitoring their progress. The Operations Manager also collaborates with other departments, such as risk management and customer service, to ensure seamless coordination and effective communication. They analyze operational data and identify areas for improvement, implementing strategies to enhance productivity and reduce costs. Additionally, they stay updated on industry trends and technological advancements to recommend and implement new systems or processes that can streamline operations. Overall, an Operations Manager in banking plays a critical role in optimizing operational efficiency, minimizing risks, and ensuring a positive customer experience.
Skills: Operations Manager, Banking, Financial Institution, Compliance, Team Management, Process Improvement
Job industry: Banking
Job industry: Banking
How much does Operations Manager Banking make?
Salary details
How much does Operations Manager Banking make?Estimated Yearly Salary: 182,025 SGD
Estimated Monthly Salary: 15,169 SGD
Estimated Weekly Salary: 3,500 SGD per week
Estimated Hourly Salary: 88 SGD per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 175,796 SGDEstimated Monthly Salary: 14,650 SGD
Estimated Weekly Salary: 3,381 SGD per week
Estimated Hourly Salary: 85 SGD per hour
Last revision of data: 2024-01-03Operations Manager Banking estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 90,915 USD
Estimated Monthly Salary: 7,576 USD
Estimated Weekly Salary: 1,748 USD per week
Estimated Hourly Salary: 44 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
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Country:
Salary comparison to National average
Singapore is a vibrant and cosmopolitan city-state located in Southeast Asia. With a population of approximately 5.7 million people, it is one of the most densely populated countries in the world. Despite its small size, measuring only 719 square kilometers, Singapore has become a global hub for trade, finance, and tourism.
Estimated national average yearly salary is 95,377 SGD (67,200 USD). Value indicated is pre-tax. Below graph shows estimated Operations Manager Banking job salary compared to average salary in Singapore.
Comparison shows that a person working as Operations Manager Banking in Singapore earns on average:
1.91 times the average salary (or 191% of average salary).
Estimated national average yearly salary is 95,377 SGD (67,200 USD). Value indicated is pre-tax. Below graph shows estimated Operations Manager Banking job salary compared to average salary in Singapore.
Comparison shows that a person working as Operations Manager Banking in Singapore earns on average:
1.91 times the average salary (or 191% of average salary).
Is Operations Manager Banking a well paid job?
Yes, our data shows that Operations Manager Banking is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Operations Manager Banking?
High salary for Operations Manager Banking would be somewhere between 200,228 SGD and 263,936 SGD. However this is an estimation based on Gaussian Distribution.How much can you save working as Operations Manager Banking in Singapore?
Living in Singapore the approximate monthly expenses are: 2,688 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.Estimated Yearly Salary: 182,025 SGD
Estimated Monthly Salary: 15,169 SGD
Estimated Weekly Salary: 3,500 SGD per week
Estimated Hourly Salary: 88 SGD per hour
By working as Operations Manager Banking a person can save up to 4,888 USD per month or 58,659 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Singapore, see costs of living in Singapore.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Malaysia, Indonesia. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Operations Manager Banking
Malaysia is 23,979 USD
Indonesia is 14,350 USD Last revision of data: 2025-01-04Salary increase per years of experience
Based on data available the salary increase per years of experience is as following- 0 years (beginner) equals base salary
- 1 to 5 years of experience yields
+12% salary increase- 6 to 10 years of experience yields
+25% salary increase- 11 to 15 years of experience yields
+16% salary increase- 16 to 25 years of experience yields
+9% salary increase- more than 25 years of experience yields
+10% salary increaseTop 10 highest salaries in Singapore
(1,400,313 SGD per year, pre-tax.)
2. Cardiologist
(1,169,524 SGD per year, pre-tax.)
(1,129,281 SGD per year, pre-tax.)
(1,093,464 SGD per year, pre-tax.)
5. Neurosurgeon
(1,091,467 SGD per year, pre-tax.)
(1,068,249 SGD per year, pre-tax.)
7. Oncologist
(1,067,130 SGD per year, pre-tax.)
(1,066,002 SGD per year, pre-tax.)
(1,063,823 SGD per year, pre-tax.)
(1,063,241 SGD per year, pre-tax.)
Data as of 2025Random salary:
Sales representative wholesale and manufacturing technical and scientific products (91,017 SGD per year, pre-tax.)
Computer support technician (115,586 SGD per year, pre-tax.)
Quality assurance supervisor manufacturing (93,545 SGD per year, pre-tax.)
Magnetic resonance imaging (mri), supervisor (237,324 SGD per year, pre-tax.)
Bookkeeping accounting or auditing clerk (55,622 SGD per year, pre-tax.)
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