Our client is a leading global financial services player, a leader in
investment banking, financial services for consumers, small business and
commercial banking, financial transaction processing, asset and wealth
management, and private equity.
Position: VP - Settlements - Pvt Banking Ops
Location: Mumbai
Pre-requisite: Willingness to work in night shifts
About the role and the person:
The Private Bank Operations in Mumbai is primarily responsible for
supporting the operational hubs of EMEA & US. The private bank provides
banking and investment solutions to high net worth individuals and trusts.
It provides the clients with a wide suite of products like Equities,
Derivatives, Mutual Funds, Hedge Funds and structured products as investment
opportunities. Hence it not only provides advisory services for these
clients for the above mentioned products but also provides broking and
custody services as a complete package for these clients.
The candidate will have to manage a team of 80 to 90 staff members providing
security settlements services in a 24 X 5 environment in the Private Bank
Mumbai Hub, supporting PB Operations encompassing Asia, EMEA and US regions.
The candidate will be required to oversee diverse functions of money
clearing services, security settlements in diverse global markets, income
collections on security positions as well as static data services with
respect to clients and securities
The candidate will have a direct reporting line into the Head - PB
Operations and will be directly responsible for the day to day operations,
including transaction processing, client service and Operational & Systemic
controls.
The candidate will be responsible for understanding the key metrics and risk
components within each process and manage the team to meet the financial
goals and objectives put forth by these processes, while partnering globally
with the regions where the business operations are located. The candidate
will be responsible for maintaining staff and budget requirements.
Key Responsibilities would include:-
. Responsible for meeting client deliverables with a high level of
timeliness and accuracy
. Develop an environment of continuous focus on quantifiable productivity
and quality.
. Constant and regular review of processes and performance with focus on
improving departmental competency / performance rating.
. Regular reviews of procedures assuring new processes are documented.
. Identify business knowledge gaps and ensure everyone has ownership of
deliverables.
. Interact with global location managers in an effective and professional
manner.
. Foster and champion High Performance Culture where people are empowered to
make decisions that affect their work/environment.
. Monitors all relevant Management Information System data ensuring all
issues have been resolved expediently.
. Responsible for leading and managing multiple projects
. Identifies department strategy and goals related to broader organizational
goals and direction.
. Works directly with senior managers to identify technology, resource
and/or process needs. Identifies opportunities for improvements in the
process and recommends solutions.
. Constant and regular review for direct reports. Set expectations with
direct reports, regarding positive motivation and leading through
accountability.
. Develop and lead a team that is responsive to dynamic organizational and
operational changes.
. Accountability for Performance Management and Talent Review process.
. From a training perspective, responsible for ensuring training is taking
place and that it is within budget.
. Responsible for risk management and audit to the business.
. Masters Degree (e.g. CA /MBA) with atleast 9 years of post qualification
experience. Should have the experience of managing large teams.
. Product knowledge Equities, Derivatives, Mutual Funds and other security
market products
. Working knowledge of securities markets
. Working knowledge of various aspects of International Payment Processing
Operations.
WILLINGNESS TO WORK IN NIGHT SHIFTS IS A PREREQUISITE
. Strong Interpersonal skills to be able to communicate internally &
externally and at all levels.
. Excellent written & oral communication skills in English.
. Proven leadership and people management skills.
. Proven ability to build strong business relationships within the site and
across the business.
. A proactive approach to problem solving, taking ownership of issues and
having the determination to follow through. Escalate issues as appropriate.
. Ability to use creative problem solving techniques to solve business
issues.
. An acute focus on client delivery and if possible should have some direct
exposure to client delivery requirements
. Excellent time management skills and highly result oriented
. Project Management/ Implementation experience would be a plus.
. Experience of working / partnering with Risk, Audit and Compliance to
ensure that the overall organizational objectives are met.
Please contact if interested in this opportunity.
Warm Regards
_____
Amita Nene
Manpower Services India Pvt.Ltd.
Bombay Dyeing, Administrative Office Building,
Ground Floor, Textile Mills Commercial Corridor,
Pandurang Budhkar Road, Worli,
Mumbai 400025, India
T : +91 022 4004 5666
D : +91 022 4004 5632
M : +91 98193 75565
F : +91 022 4004 5700
