Avp

Job Title: AVP
Location: Mumbai

About Barclays
Barclays is a British universal bank. We are diversified by business, by different types of customers and clients, and by geography. Our businesses include consumer banking and payments operations around the world, as well as a top-tier, full service, global corporate and investment bank, all of which are supported by our service company which provides technology, operations and functional services across the Group.

Risk and Control Objective
Take ownership for managing risk and strengthening controls in relation to the work you do.

Working Flexibly

Hybrid Working

Structured hybrid role:
Introduction:
The role holder is expected to manage Investment Operations and Portfolio Management services for PB India.

The role requires comprehensive understanding of the regulatory environment, framework and operational concepts & principles which govern the Private Bank business in India. Supervisory responsibility of implementation of the right set of procedures and practices benchmarked to the highest level of global standards, maintaining sound risk management; delivering great customer service whilst ensuring that control measures are effective. The role will be focused on building increased efficiency and effectiveness across the existing operating platform to deliver outstanding customer and colleague centric journey.

What will you be doing?
- The role requires a detailed and comprehensive understanding of SEBI (primary regulator) guidelines and Operational concepts for the following licences;
- Portfolio Management Services (PMS)
- Mutual Funds Distributions (AMFI)
- Investment Advisory (SEBI IA regulation)
- The incumbent is reflecting a clear understanding of the investment guidelines for various categories of clients:

- Individuals; Non Individuals; Trusts / Hindu Undivided Families and Non-resident Indians
- Independently liaison with multiple other regulators and SEBI approved agencies including Custodians and Regulators.
- Stock exchanges (NSE & BSE)

ï‚- For various settlement matters and reporting’s.

ï‚- Mutual fund processing perspective
- Stock Holding Corporation of India (SHCIL) custodian for PMS operations
- Central KYC Agencies (NDML & CKYC) for smooth client KYC registrations
- SEBI / Exchange empanelled auditors and their reviews conducted for the licenses held in BSIPL
- To ensure delivery of processes and its resources lead interactions with other functions to achieve the defined functional strategic objectives.
- Expected to ideate, lead and deliver solutions on Process improvement and eliminating recurring issues
- Expected to lead and seamlessly collaborate with Business Delivery, Product office and Tech team to design Ops processes to deliver strategic Pvt Bank objectives
- Support in ideation and delivery of Ops projects, focused on efficiency and automations
- An in depth understanding and working knowledge of the Client Money and Assets protection requirements and its controls prescribed by local regulators and Global best practices.
- Supervise the day to day operations of the larger team, specifically with respect to delivery of actionable on Investment and Portfolio Management Operations area adhering to 100% statutory compliance
- Regular review with Ops rigour team to implement strong process controls, timely completion of all required submissions to CCO and run periodic snap checks in the Ops areas
- The role is expected to deliver seamless BAU performance by adhering to the SLA and operational guidelines issued by local regulators to avoid any breach or audit observations.
- Monitor and improve productivity of the team & Organize workflow/set priorities/monitor activity/ensure timely completion of work
- The role holder will ensure innovative as well as effective solutions for the platform and driving better client experience by collaborating with various stake holders, internal and external, like Fund Houses, Brokers, Tax Advisors, Custodian etc. (where required either on his own or through an internal or external stake holder)

What we’re looking for:

- A Bachelor’s Degree in Business administration or related field.
- Relevant SEBI/RBI certifications for the role
- Strong communication, inter-personal, public speaking and leadership skills.

Personal attributes
- Embraces challenge and an evolving/changing environment
- Solid analytical skills with ability to prepare reports/resolve problems
- Rapidly assimilates new information and applies this knowledge as appropriate
- Manage the team effectively in a dynamic environment with tight deadlines, and can prioritize one’s own work to achieve them

Skills that will help you in the role:

- Commercial Effectiveness: Including Client /Customer focus and commerciality
- Control Environment: Including risk management
- Business Skills: Including deliver solutions and decision making
- Management & Leadership: Including people development
- Personal & Interpersonal