Career Advice from Women Leading Innovation in DBS

Two of DBS’ women leaders: (from left) Soh Siew Choo, Managing Director and Head of Consumer Banking and Big Data Analytics Technology, and Lee Yan Hong, Managing Director and Head of Group Human Resources.

In celebration of International Women’s Day last March, we speak to two of DBS’ women leaders, Soh Siew Choo, Managing Director and Head of Consumer Banking and Big Data Analytics Technology, and Lee Yan Hong, Managing Director and Head of Group Human Resources. Apart from actively driving digital transformation projects within the bank, they have also seen the launch of the highly successful recruitment drive *Hack2Hire last year. Read on to learn more about their take on the value of innovation and women leadership.

1. What’s your approach to innovation?

Siew Choo (SC): Innovation shouldn’t be seen as a side job or something reserved for special occasions. We need to constantly think about it and practise it in our daily lives. We should be thinking of how we can perform our roles in the most innovative way.

Yan Hong (YH): My personal mantra is to always challenge the status quo. I will want to ask if there is a better way, ask ‘Why’ and ‘Why Not’, focus on possibilities and not harp on the problems, think out of the box and practise, practice, practice. I believe we should practise innovation all the time rather than as a special project. Embrace it, see it as an enabler and enjoy the experience.

2. How can we encourage people to be more innovative?

SC: When you can find fun and infuse your passion and dreams into something, it makes it easier to motivate others. For me, it’s important to lead by example, to show others how I can create innovative solutions that also incorporate fun and ideally, fulfil passions and dreams even in small ways.

YH: We can do it through collaborating, welcoming diverse ideas and having fun. An example is our inaugural HR Break-a-thon. All our HR colleagues across the world connected virtually to brainstorm and create new ideas to Make Banking Joyful, and challenged ourselves by pushing the boundaries of HR processes and policies. The top teams from each location then competed virtually for the top prize. It was indeed a great, fun way for team-building and driving innovative solutions.

3. How has your field evolved through technology and innovation?

SC: Working in technology and software application development, we’ve witnessed a tremendous transformation in the last decade. In the past, departments such as ours would have been seen as cost centres. Today, technology is considered a core product and we’re constantly creating and developing new services to help the bank.

YH: Today we’re using new digital tools while leveraging science and technology, and data analytics in HR. These helped us eliminate many of the manual processes. We’ve introduced digital engagement tools (e.g. DBS Power-Up app) across the bank and we’re experimenting with human capital analytics to enhance recruitment processes such as MAckathon, Hack2Hire and Pymetrics to improve staff retention and raise productivity.

We were also the first in Singapore to integrate hackathons into our talent development programmes to equip our employees with skills and knowledge to shape the future of banking.

4. What innovation project are you most proud of having been a part of?

SC: We ran a very successful recruitment programme via hackathon in 2017, Hack2Hire, the first of its kind in Southeast Asia by a bank, if not globally. The tech, finance and recruitment communities responded really well to this and commended us on the creativity of the approach. In total, we received over 12,000 applications which were far beyond what we had imagined.

YH: Personally, the journey of Making Banking Joyful for our employees has been truly exhilarating. I’m proud of numerous projects in recruitment (e.g. MAckathon, Hackathon, Pymetrics. Recruitment AI, Seamless Onboarding, ITQ) that the team worked on over the years. What is most heartening is to have staff come up and say they see the transformation in HR.

5. Do you think a barrier to female leadership exists?

SC: In my own personal experience, I’ve never felt any barrier to leadership due to my gender. Being a leader means being able to inspire and earn the respect of others. The bar is the same regardless of gender.

YH: Some could be self-imposed. I have seen many eminently qualified women not raising their hands for senior roles or hesitate when offered senior roles. Women may be more cautious and feel that they have to be 100% ready before they say ‘YES”.

Juggling work and family are real issues that many women have to deal with too.

6. How are you helping to pave the way for more female leaders to emerge (this can be within DBS, the industry or even in other fields)

SC: We currently have a great representation of female leaders in the Group Management Committee. To help create a pipeline of female leaders who will rise through the ranks internally, we continue to identify, groom and mentor our colleagues who demonstrate potential.

YH: At DBS, we empower everyone to take charge of their learning and development. We provide coaching, mentorship programmes and offer cross-border opportunities as part of their career development. In addition, we offer flexible work arrangements such as flex hours, part-time and work-from-home schemes, where appropriate. I would like to see more networks for women to share their stories.

7. Do you have a role model/mentor that has had a tremendous impact on you as a leader? Could you share more about that person and how has he/she influenced your leadership style?

SC: My parents are my role models. My upbringing had a great influence on my leadership style today. From my parents, I learnt the virtue of integrity, courage, authenticity, being bold to stand up for what you believe in and serving others. These values are ingrained in my leadership style.

YH: That’s easy. My mother. From her, I learnt to start with a grateful heart because it changes your attitude, brightens your outlook and broadens your perspectives. When you think positively, it enables you to focus on possibilities and not harp on the problems.

8. What advice would you give to women who are on the path to becoming female leaders?

SC: Go after your dreams and passion. Never have a moment of doubt. Believe in yourselves.

YH: Be authentic, be bold, be curious and network to broaden your perspectives.

9. What do you think will be the biggest challenge for the upcoming generation of women?

SC: Frankly, I believe the upcoming generation of women is luckier. The world emphasises creating great experiences which is something I believe plays to the strength of women. Generally, women perform better than men when it comes to taking the softer approach and paying attention to details — prime elements of creating great user experiences. Even Jack Ma said he wishes he could be born as a woman in his next life.

YH: There will still be challenges of balancing work and family. But it’ll be easier as technology becomes more pervasive and enables us to do things faster, and work anywhere and at any time.

*Hack2Hire was launched in 2017. The hackathon eventually recruited 100 coding talent from more than 12,000 applications received from Singapore and India. Read an observer’s perspective of Hack2Hire. The 2018 edition in April aims to hire at least 200 more for roles such as scrum masters, mobile app developers and full stack developers. Click here to apply now.

Roles available

How Hack2Hire works

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Founder @ The New Savvy
Anna Haotanto is the Advisor (former CEO) of The New Savvy. She is currently the COO of ABZD Capital and the CMO of Gourmet Food Holdings, an investment firm focusing on opportunities in the global F&B industry. She is part of the founding committee of the Singapore FinTech Association and heads the Women In FinTech and Partnership Committee. Anna is the President of the Singapore Management University Women Alumni. Anna invests and sits on the board of a few startups. Anna is also part of the Singapore Chinese Chamber of Commerce & Industry Career Women’s Group executive committee. Anna’s story is featured on Millionaire Minds on Channel NewsAsia. She hosts TV shows and events, namely for Channel NewsAsia’s “The Millennial Investor” and “Challenge Tomorrow”, a FinTech documentary. Anna was awarded “Her Times Youth Award” at the Rising50 Women Empowerment Gala, organised by the Indonesian Embassy of Singapore. The award was presented by His Excellency Ngurah Swajaya. She was also awarded Founder of the Year for ASEAN Rice Bowl Startup Awards. She was also awarded the Women Empowerment Award by the Asian Business & Social Forum. Anna has been awarded LinkedIn Power Profiles for founders (2018, 2017), Tatler Gen T, The Peak’s Trailblazers under 40 and a nominee for the Women of The Future award by Aviva



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