About the role
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)
Capital Account; Custody & Capital Market Division is a niche segment focus on
- Custodial Services (Domestic – PMS, AIF, MF, Insurance etc & Foreign – FPI, FDI, FVCI, DRs); Bank is also offering Fund Accounting Services for Portfolio Managers (PMS) & Alternative Investment Funds (AIFs).
- Clearing & Settlement services for Trade; Professional Clearing Services for Equity & Currency Derivative Segments.
- Capital account – Foreign Investments; Overseas investments and External Commercial Borrowing.
- Capital Fund – Bankers to the Issue (IPO/Dividend); Escrow & RERA services
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.
Deep understanding about SEBI and RBI guidelines and actively engage with Regulators.
Possess knowledge on key areas FEMA; ICDR; Mutual Funds; Insurance; Foreign Portfolio Investors; Alternative Investment Funds; Commodity Derivatives; Custody; Clearing activities.
Provide Solutions to the customers on Regulatory Guidelines.
Creating synergies with Intermediaries (Legal firms and Trustees); Administrators.
Product Commercialization – Planning & execution.
Business Controle: Risk minimization; Audit & Compliance.
Key ResponsibilitiesStrategy & Planning for growth
New Client/Fund acquisition
Meet revenue targets - Fee, CDAB, AUC & Fx
Organize roadshows in collaboration with Big4 / Internal subsidiaries / Tax Consultant.
Business Analysis & Management Reports Preparation
Mentoring team members
Cross Sales of other WBP Products.
Qualifications- Any Master’s degree with experience of 15+ years in custody business.
- Positive and collaborative attitude with good communication skills
- Thorough with Regulations
- Ability to provide solutions to the clients balancing compliance & Risks
- Proactive in learning & self-development.