Singaporean lender DBS has launched a virtual bank recruiter dubbed Jim to streamline the process of hiring wealth planning managers.
The move comes as DBS plans to raise the number of wealth planning managers it aims to hire this year by 40%.
The virtual recruiter, which the bank claims is the first of its type in Southeast Asia, has been designed to assess candidates through use of artificial intelligence. It has been developed by the bank’s talent acquisition team, in association with Singaporean startup Impress.AI.
The bank has been trialling the tool since April this year, using it to review resumes, collect responses of applicants for pre-screening questions, as well as carry out psychometric profiling assessments on candidates.
DBS said that its virtual recruiter will save around 40 manhours per month.
DBS Bank head of talent acquisition group, group human resources, James Loo said: “A virtual recruiter, such as Jim, would lighten our employees’ workload. Previously manual processes – such as posting screening questions, conducting psychometric assessments and tests – have now been fully automated. This frees up our recruiters’ time so they can take on higher value work.”
Jim will be introduced in Hong Kong, China, Taiwan, Indonesia and India for wealth planning manager roles over the next few months. Plans are also on to eventually make the tool available for other roles including management associate and graduate associate programmes that usually have over 7,000 candidates.