About the role
About Wholesale Banking Coverage
Wholesale Banking Coverage Department focuses on the gamut of corporate products viz. Current Account, CMS, Trade (Domestic & Cross Boarder) & Supply Chain Finance, Sector Solutions, Capital Account and Custody & Capital Markets; IPO & Escrows. Provides digital solutions with advanced technology. Manages business strategy and Sales & solutions. Gujarat International Financial Tec-City (GIFT)
Custody & Capital Market Division is a niche segment focus on Custodial Services (Domestic – PMS, AIF, MF, Insurance etc & Foreign – FPI, FDI, FVCI, DRs); Clearing & Settlement services for Trade; Professional Clearing Services for Equity & Currency Derivative Segments. Bank is also offering Fund Accounting Services for Portfolio Managers (PMS), Alternative Investment Funds (AIFs) & MF/Insurance.
About the Role
Overall Business Development of these products (Domestic & GIFT) - Business strategy & planning for growth.
Evaluate the Market & Peers Product/Process offering and implementation of best suitable products for the customers.
Possess knowledge on key areas Mutual Funds; Insurance; Foreign Portfolio Investors; Alternative Investment Funds; Commodity Derivatives; Custody; Clearing activities.
- Developing Custodial and Fund Accounting new systems, completion of UAT
- Designing SoPs, documents/SLAs, Reports as required by the institutional clients or regulators.
Provide Solutions to the customers on Regulatory Guidelines.
Product Commercialization – Planning & Execution.
Business Controle: Risk minimization; Audit & Compliance.
Key Responsibilities
Preparing CMC documents, taking necessary approvals from the stakeholders and implementing the processes under new growth areas – Mutual Funds; Insurance; FPI & AIF
Requirement discussion with Operations and coverage and preparing Business Requirement Documents (BRD) to enhance / implement it in custody and Fund accounting systems to suite the needs.
Responsible to ensure completion of UAT and implementing the process in the prescribed timeline
Meet revenue targets - Fee, CDAB, AUC & Fx
Organize roadshows in collaboration with Big4 / Internal subsidiaries / Tax Consultant.
Business Analysis & Management Reports Preparation.
Qualifications
• Any master’s degree with experience of 10-15+ years in custody business.
Role Proficiencies:
- Positive and collaborative attitude with good communication skills
- Thorough with SEBI regulations & policies related to Custody & Capital market Products.
- Ability to provide solutions to the clients balancing compliance & Risks
- Proactive in learning & self-development.