Bank of Baroda jobs for Product Head in Mumbai. Last Date to apply: 27 Jan 2022
Product Head
Bank of Baroda
Expired
Posted: 11 Jan 22
Job Description
Bank of Baroda invites application for the position Product Head
Position: Product Head –Private Banking
No of Posts: 01
Essential: A Degree (Graduation) in any discipline from a University recognized by the Govt. Of India/Govt. bodies/AICTE
Work Experience:
(i) Minimum -3- years of relevant work experience.
(ii) Must have experience of handling clients segments having TRV of Rs 15 Cr and above.
(iii) Must be well versed with the Investment, Insurance, Derivative Products, etc.
(iv) Ability to co-ordinate with various department like Trade, Forex, Project Finance, Merchant Banking, Syndication, Venture Capital, Private Equity.
(v) Must have sound knowledge of the prevalent ecosystem of Private Wealth in the industry.
(vi) Must be aware of the regulatory guidelines, pertaining to products.
Remuneration: Remuneration offered will be on Fixed Salary basis depending on candidate’s qualifications, experience, overall suitability, last drawn salary of the candidate and market benchmarks for the respective posts. Apart from the Fixed Salary, selected candidate will be eligible for Performance Linked Variable Pay which will be over and above the Fixed Salary but linked to the achievement of specific targets.
Nature of Employment: Contractual Engagement for a period of 5 years, with periodic performance review. The term of engagement may be extended at the option of the Bank.
Age Limit: Min - 24 Years, Max - 45 Years
Application Fees: Application fees and Intimation Charges (Non-refundable) Rs. 600/-for General and OBC candidates (plus applicable GST & transaction charges) and Rs. 100/- (Intimation charges only – Non Refundable) for SC/ ST/PWD/Women candidates (plus applicable GST & transaction charges).
Roles and Responsibilities
Position: Head- Wealth Strategist (Investment & Insurance)
1. Leading the team of Wealth Strategist (Investment & Insurance) to work in collaboration with Relationship Managers to serve the clients.
2. Educate the Wealth Strategist (Investment & Insurance) by providing latest market updates
3. Support and Hand hold the team for investment closure, preparing asset allocation, portfolio designing etc.
4. Guide the Wealth Strategist (Investment & Insurance) to prepare investment proposal/ investment policy statement for the clients.
5. Providing adequate support to team in assessing the performance of historical investment.
Position: Wealth Strategist (Investment &Insurance)
1. Driving investment product through sales team
2. Educate client about investment & Insurance options and potential risks
3. Research and analyse investments, strategies and market conditions to optimize investment portfolios,
4. To combine analytical ability, comprehensive fiscal knowledge and customer service skills to help clients define and reach their financial goals.
5. Ownership of the investment & Insurance targets of the cluster/ location that they are mapped to
6. Increase in ( Investment & Insurance Products) productivity of RMs
Position: Investment Research Manager (Portfolio & Data Analysis and Research)
1. Analyzing the market news pertaining to Investments (MF, PMS, AIFs, Debt etc.) and make it available in simpler form to team.
2. Connect with the industry for gathering the analytical data.
3. Understanding the product offerings and investment avenues available in the market.
4. Do the comparative study of the investment products to draw a meaningful conclusion.
5. Preparing the data in presentable from for the team.
Position: Portfolio Research Analyst
1. Gathering the data from the various sources for providing support to the team members.
2. Assisting the team to prepare data analytics and research work.
3. Analyse the data of Mutual Fund, creating required MIS, information pertaining to Mutual Fund schemes and Insurance.
Position: NRI Wealth Products Manager
1. Responsible for managing NRI Investment products (Mutual Funds, Alternate Investment products) including new product launches and product enhancements
2. Responsible for facilitating NR NTB acquisitions across channels including Branches, Sales and others.
3. Measuring and driving active customer on-boarding and investment activation across channels
4. Actively engaging with the NR channel to drive portfolio objectives (CASA growth, Investment product penetration, book deepening, revenue footprint etc.)
5. Acting as the one-point contact for the International and offshore NR teams and provide ongoing product support on need basis.
Position: Product Manager (Trade & Forex)
1. Must be able to support the team at the ground from the central office.
2. Co-ordinate with the various department like Trade & Forex for providing necessary support to team.
3. Training the team on the products.
4. Benchmarking the competitive products in the industry.
5. Preparing requisite MIS to support the team.
Position: Trade Regulation – Sr/Manager
1. Ensuring that business is done by the team in compliance of the regulatory guidelines.
2. Educating the team at ground about the regulatory compliance to be followed, documents to be collected for it.
3. Interacting with the client wherever necessary to ensure compliance.
4. Updating the team on recent and relevant guidelines to be ensured
Position: Product Head – Private Banking
1. Must enable Bank to develop Private Banking segment.
2. Planning and executing strategies along with seniors to scale up business through this segment.
3. Co-orindating with various department like, Trade & Forex, Corporate Finance, Retail Banking etc providing necessary support to the clients, and team at the ground.
4. Co-rodinating with the departments for syndicate loan, working capital, IPO etc.
5. Studying and adopting best practices of the industry to scale up the segment
Position: Group Sales Head (Virtual RM Center)
1. Defining and Implementing corporate strategy for the affluent segment in line with corporate vision and plan
2. Designing market and sales strategy for management of existing client base, tracking and monitoring sales across business lines.
3. Manage, coach and mentor team in achieving their KRA’s and outperforming on the decided benchmarks
4. Engage with key clients (Individual and corporates) and help in driving key business deals and transactions
5. Conducting Individual and Joint Performance reviews for all profiles reporting to him /her
Position: Private Banker - Radiance Private
1. Acquisition of new client relationships and development/management of existing Private client relationships(TRV > INR 15 Cr)
2. Initiates, develops and retains client relationships while contributing actively to business development and financial goals of the bank
3. Expected to drive solicitation, presentation, closing and ongoing-management of private banking products across the mapped client base
4. Liaises with Private Banking product teams to keep abreast of investment and other product offerings and acts as client's window to the private banking services offered the Bank
5. Remains abreast in terms of market trends and developments, customer preferences, and new/innovative products
Job Particulars
Role hr admin
Education Any Graduate
Who can apply Experienced (3 to 3+ Years)
Hiring Process Face to Face Interview
Employment TypeFull Time
Job Id1390721
Job Category Govt Jobs , Bank , 1 to 3 Yr Exp , Recruitment
Locality Address
State Maharashtra
Country India
About Company
Bank of Baroda, India's International Bank, with a network of more than 3200 branches in India enjoys the unique distinction of overseas presence in 26 countries. The global business of the Bank is over Rs. 4,60,000 crores. The Bank's Mission is 'To be a top ranking National Bank of International Standards committed to augmenting stakeholder value through concern, care and competence'. The Bank believes that its people, process and technology are the key drivers for delivering customer service.
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