SBI recruitment for Wealth Management Business Unit more information

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SBI Recruitment 2020: SBI is conducting recruitment for various posts for freshers as well as experienced candidates. This post includes information regarding all the information regarding educational qualifications, experience, job profile and Responsibilities that the candidate must have for the required post.

SBI Recruitment for Head (Product, Investment & Research) educational qualification, KRA

Educational Qualification (As on 01/03/2020)

• Graduation/Post Graduation from Government recognized University/Institution or Reputed Colleges. • Other preferred qualification: Knowledge and Experience in Market Analytics and Passion for Research in Economics trend and Products.

Post qualification work experience (As on 01/03/2020)

Essential Experience: Minimum 12 years of relevant work experience in financial services, financial product development and private banking. Minimum 8 years of experience in Wealth Management. (Total 12 years’ experience is inclusive of 8 years) Excellent knowledge of Equity Products, PMS, Alternate Investments, Mutual Funds. Experience in Product Development and Structuring for Private Wealth Clients. Experience in managing a team of Officers at a National Level with Leading Banks/ Financial Institutions.

Job Profile and KRA

  • Designing the Value Proposition for the Wealth Management Business.
  • Responsible for Management of Research Team and Investment Team.
  • Ensure High Quality of Research Reports for Clients with Proper Coverage.
  • Ensure Product Benchmarking is conducted at Quarterly intervals
  • Launch of Innovative and Superior Wealth Management Products after competitive Scanning and Benchmarking.
  • Liaison with other Departments and Outside Agencies to have Best in Class Technology driven Solutions.

Pay scale:

Pay – ₹.80.00 lacs to ₹.99.62 lacs

SBI Recruitment for Central Research Team (Portfolio Analysis & Data Analytics) educational qualification, KRA

Educational Qualification (As on 01/03/2020)

MBA/PGDM/Post graduation in Statistics/ Data Analytics from Government recognized University or Institution.

Post qualification work experience (As on 01/03/2020)

Minimum 5 years of experience in Fixed Income Research/ MF Research/ Equity and Derivative Research/ Portfolio Analytics in Wealth Management Firm/ Bank/ Equity Broking Firm/ AMC

Job Profile

  • The portfolio analyst would work closely with Product & Research Head and conduct performance monitoring of portfolios held by the various customers, liaison with Market data Aggregators and Research providers.

KRA:

  • Creation of asset allocations and model portfolios for risk profiles.
  • Performance monitoring of portfolios held by the various customers.
  • Liaison with other departments and outside agencies to have best in class technology driven solutions to provide advisory.
  • Single point of contact for all data requirements pertaining to Wealth Management Business.
  • Data analytics / Big Data analytics to support sales team for sales strategy formulation.

Pay scale:

Pay scale – ₹.25.00 lacs to ₹.50.00 lacs

SBI Recruitment for Central Research Team (Support) educational qualification, KRA

Educational Qualification (As on 01/03/2020)

Graduates/ Postgraduates in Commerce/ Finance/ Economics/ Management/ Mathematics/ Statistics from Government recognized University or Institution

Post qualification work experience (As on 01/03/2020)

Candidate should have minimum work experience of 3 years in financial services providing support to Research/ Publications departments.

Preferred Skills: ➢ Candidate should be proficient in Microsoft Excel, Power point, Word, Outlook. ➢ Candidate should have inclination to undertake research by reading various reports or websites. ➢ Candidate should be able to support Research team by aggregating and providing support for analysing data through various research tools/ software like BLOOMBERG, REUTERS, CRISIL, ICRA etc.

Job Profile

  • Role will include creating and updating excel worksheets related to: Macro Economy, Stock & Sector research, Fixed Income research, creating portfolio review templates etc.

KRA:

  • Creating and updating excel worksheets related to: o Macro Economy o Stock & Sector research o Fixed Income research o Mutual Fund, PMS & another products research o Model portfolios
  • Creating portfolio review templates which are used in order to support Investment Counsellors and Relationship Managers
  • Preparing portfolio review templates and to support Investment Counsellors Relationship Managers.
  • To work closely with the research team in terms of designing as well as rolling out daily, weekly, monthly publications / presentations on regular basis

Pay scale:

Pay scale – ₹.7.00 lacs to ₹.10.00 lacs

SBI Recruitment for Investment Officer educational qualification, KRA

Educational Qualification (As on 01/03/2020)

o Graduates/ Postgraduates from Government recognized University or Institution. o Certification by NISM/CWM mandatory. o CFP preferred.

Post qualification work experience (As on 01/03/2020)

  • Minimum 5 years of experience as an investment officer/part of product team in Wealth Management organisation.
  • Good knowledge of investments and markets across asset classes.
  • Experience in managing client portfolios.

Job Profile

  • Guiding clients on range of financial services products.
  • Wide ranging experience across categories such as: MF, FI, Structured Products, Discretionary Portfolios.
  • Strong focus on due diligence, quantitative technique and asset allocation.

KRA:

  • ASSISTING THE RELATIONSHIP MAANGER IN PROVIDING EXPERT OPINION REGARDING INVESTMENTS: • Work closely with RMs for creation and implementation of their financial plans. • Research and investment opportunities to determine relevance for clients. • Guiding clients on investment products based on their needs and understanding of complex and structured products. Answer clients’ questions about the purposes and details of financial plans and strategies referred to by RMs. • Research /create house view on investment products and market. • Updating the RM team on latest developments and investment products.
  • WEALTH MANAGEMENT: o Do a financial needs analysis and risk profiling for the clients in the portfolio. o Periodic portfolio reviews for all clients.
  • COMPLIANCE: • Ensure AMFI, IRDA and NISM certificatio

Pay scale:

Pay scale – ₹.12.00 lacs to ₹.18.00 lacs

SBI Recruitment for Project Development Manager (Technology) educational qualification, KRA

Educational Qualification (As on 01/03/2020)

MBA/MMS/PGDM/M.E/M.Tech/B.E/B.Tech from Government recognized University or Institution.

Post qualification work experience (As on 01/03/2020)

  • Minimum 4 years’ experience in banking technology preferably in a business function.

Job Profile

  • Managing relationships with the technology partners.
  • Understanding and communicating business requirements to the IT team and technology partners
  • Working closely with the Bank IT teams to ensure timely delivery of developments.
  • Co-ordinating with various Bank IT teams and business teams for new developments integrations or bug-fixes in existing Bank platforms.
  • Creating and documenting operating manuals for technology interfaces at user level.

KRA:

  • Managing relationships with the technology partners.
  • Understanding and communicating business requirements to the IT team and technology partners.
  • Working closely with the Bank IT teams to ensure timely delivery of developments
  • Co-ordinating with various Bank IT teams and business teams for new developments integrations or bug-fixes in existing Bank platforms.
  • Creating and documenting operating manuals for technology interfaces at user level

Pay scale:

Pay scale – ₹.12.00 lacs to ₹.18.00 lacs

SBI Recruitment for Relationship Manager educational qualification, KRA

Educational Qualification (As on 01/03/2020)

Graduate from Government recognized University or Institution.

Post qualification work experience (As on 01/03/2020)

  • Minimum 3 years’ experience as a Relationship Manager in Wealth Management with leading Public/Private/Foreign Banks/Broking/Security Firms.
  • The candidate should have adequate experience in building and managing relationship with High Net Worth Clients (having a minimum Total Relationship Value (TRV) of Rs.20.00 lakh.

Job Profile

  • Acquiring, nurturing, growing and strengthening relationship within the Affluent and HNI segment of clients in order to meet business objectives.
  • Selling a range of Investment and Insurance Products to clients in order to meet their financial planning and thus attaining the revenue objectives of the Wealth Management business.
  • Focusing on increasing the Total Relationship Value (TRV) and Assets Under Management (AUM) of clients as per the business objectives.

KRA:

  • Acquire HNI and Affluent Customers
  • Deepen Relationship: Manage the customers of the branch who are defined as Affluent/HNI clients.
  • Grow the CASA of this portfolio. Selling, Mortgages, credit cards and drive channel migration Acquire more customers from the same household and Service these clients.
  • Wealth Management Do a Financial Needs Analysis and Risk Profiling for the clients in the Portfolio. Periodic Portfolio reviews for all clients. Selling investments, Life Insurance, General Insurance and SIP.
  • Ensure all customers have a CASA for routing their investments. Compliance Ensure AMFI, IRDA and NISM certification Ensure all clients instructions are executed the same day Ensure 100% documentation of all transactions.
  • Branch Development Conduct branch Insurance & Investment seminars to spread financial awareness Any other matter, as may be entrusted by the Bank from time to time

Pay scale:

Pay scale – ₹.6.00 lacs to ₹.15.00 lacs

SBI Recruitment for Relationship Manager(Team Lead) educational qualification, KRA

Educational Qualification (As on 01/03/2020)

Graduate from Government recognized University or Institution.

Post qualification work experience (As on 01/03/2020)

  • Minimum 8 years of experience in relationship management in wealth management. Experience as a Team Lead is preferred.

Job Profile

  • Managing a team of Relationship Managers for the Wealth Management Business.
  • Acquiring, nurturing, growing and strengthening relationship within the Affluent and HNI segment of clients in order to meet business objectives.
  • Selling a range of Investment and Insurance Products to these customers in order to meet their financial planning, objectives and thus attaining the revenue objectives of the Wealth Management business.
  • Focusing on increasing the Total Relationship Value (TRV) and Assets Under Management (AUM) of clies as per the business objectives.

KRA:

  • Acquire HNI and Affluent Customers Managing the team of Relationship Mangers and ensuring the team achieves its targets Ensuring compliance of guidelines, systems & procedures by the Relationship Manager team Allocation of leads and clients to appropriate team members
  • Deepen Relationships Manage the customers of the Bank who are defined as Affluent/HNI clients Grow the CASA of this portfolio Selling Mortgages, credit cards and drive channel migration Acquire more customers from the same household Service these clients.
  • Wealth Management Do a Financial Needs Analysis and Risk Profiling for the clients in the portfolio. Periodic Portfolio reviews for all clients. Selling investments, life insurance, general insurance and SIP. Ensure all clients have a CASA for routing their investments.
  • Compliance Ensure all clients instructions are executed the same day Ensure 100% documentation of all transactions.
  • Branch Development Conduct branch Insurance & Investment seminars to spread financial awareness. Any other matter, as may be entrusted by the Bank from time to time

Pay scale:

Pay scale – ₹.10.00 lacs to ₹.28.00 lacs

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