Bank of Baroda Jobs 2022: Private Banker Vacancies Just Now Updated - Apply Soon

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Last Updated: Jan 07,2022 11:25 IST
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Bank of Baroda Jobs 2022: Private Banker Vacancies Just Now Updated - Apply Soon
Bank of Baroda Recruitment of Private Banker Jobs
Bank of Baroda Private Banker Recruitment 2022: Bank of Baroda invites application for the position Private Banker etc. Read details, eligibility criteria mentioned below for the vacancy and eligible candidates can submit their application directly to Bank of Baroda before 27-01-2022.

Bank of Baroda Recruitment 2022 for Private Banker Notification in Across India

Bank of Baroda Recruitment 2022Details
Job Role Private Banker
Education RequirementAny Graduate
Total Vacancy20 Posts
Job LocationsAcross India
Age LimitMin- 33 Years, Max-50 Years
Experience12 - 15 years
SalaryNot Disclosed
Posted on07-01-2022
Last Date To Apply27-01-2022

Qualification in Details:

1. Position: Private Banker – Radiance Private

2. No of Posts: 20

3. Essential: A Degree (Graduation) in any discipline from a University recognized by the Govt. Of India/Govt. bodies/AICTE

4. Desirable qualification: 2 years full time Post Graduate Degree / Diploma in Management , CFP, CFA or equivalent qualifications

5. Work Experience:

(i) Minimum 12 Years of relevant work experience in financial services, Investment advisory or Private banking out of which minimum 8 Years of experience is in Wealth Management or related profiles

(ii) Excellent knowledge of Private Banking products and services including Investments (Mutual Funds, PMS, AIFs, Structured products). Insurance (Life, Health, General), Banking Products (Assets as well as Liabilities), Trusts as well as advisory services etc.

(iii) Proven track record of high performance and bespoke relationship management

(iv) Excellent connections in the respective private banking markets

(v) Well-versed in terms of Banking regulations, and reforms and developments/changes across the Wealth Management business spectrum

6. 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.

7. 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- 33 Years, Max-50 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).

General Information

i) The selected candidate will be required to sign an employment contract.

ii) Candidates should satisfy themselves about their eligibility for the post applied for as on the cut-off date (01.01.2022) and also ensure that the particulars furnished by him/her are correct in all respects.

iii) Appointment of selected candidate is subject to his/ her being declared medically fit as per the requirement of the Bank and the appointment will also be subject to the service and conduct rules of the Bank for such post in the Bank, amended from time to time.

iv) In case of multiple applications, only the last valid (complete) application will be retained.

v) Candidates will have to appear for the GD/interview/Selection Process at their own expense. However, eligible outstation SC/ST/Persons with Benchmark Disabilities category candidates called for GD/ interview will be paid II class to & fro railway/bus fare or actual expenses incurred, whichever is less, by shortest route on production of proof of travel (rail/bus ticket etc.). The above concession will not be admissible to SC/ST/Persons with Benchmark Disabilities category candidates who are already in service in Central / State Government, Corporations, Public Undertakings /Local Government, Institutions and Panchayats etc.

vi) Candidates serving in Govt./Quasi Govt. offices, Public Sector undertakings including Nationalised Banks and Financial Institutions are advised to submit ‘No Objection Certificate’ from their employer at the time of interview, failing which their candidature may not be considered and travelling expenses, if any, otherwise admissible, will not be paid.

vii) In case of selection, candidates will be required to produce proper discharge certificate from the employer at the time of taking up the appointment.

viii) In case it is detected at any stage of recruitment that a candidate does not fulfil the eligibility norms and / or that he / she has furnished any incorrect / false information or has suppressed any material fact(s), his / her candidature will stand cancelled. If any of these shortcomings is / are detected even after appointment, his /her services are liable to be terminated without notice.

ix) Decisions of bank in all matters regarding eligibility, conduct of interviews, other tests and selection would be final and binding on all candidates. No representation or correspondence will be entertained by the bank in this regard.

x) Intimations, wherever required will be sent by email and/ sms only to the email ID and mobile number registered in the online application form. Bank shall not be responsible if the information/ intimations do not reach candidates in case of change in the mobile number, email address, technical fault or otherwise, beyond the control of Bank. Candidates are advised to keep a close watch on the Bank’s authorized website www.bankofbaroda.co.in for latest updates.

xi) Any legal proceedings in respect of any matter of claim or dispute arising out of this advertisement and/or an application in response thereto can be instituted only in Mumbai and courts/tribunals/forums at Mumbai only shall have sole and exclusive jurisdiction to try any cause/dispute.

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


Selection Procedure

Selection will be based on short listing and subsequent round of Personal Interview and/or Group Discussion and/or any other selection method.

1. Bank reserves the right to change (cancel/ modify/ add) any of the criteria, method of selection etc.

2. The Bank reserves its right to call candidates in a ratio, at its sole discretion, as per the Banks requirement.

3. Adequate candidates as decided by the Bank will be shortlisted based on their qualification, experience and overall suitability for Interview. Most suitable candidates will be called for the selection process (GD/PI/any other selection method) and merely applying / being eligible for the post does not entitle the candidate to be invited for the selection process.

4. A candidate should qualify in all the processes of selection i.e. GD and/or PI and/or other selection method (as the case may be) and should be sufficiently high in the merit to be shortlisted for subsequent process.

5. In case more than one candidate scores the cut off marks (common mark at cut off point), such candidates will be ranked according to their age in descending order.

6. Minimum Qualifying marks for UR/EWS Candidates shall be 60% of the Marks and for SC/ST/OBC/PWD Candidates, the same shall be 55% of the Marks. However the Bank, reserves the right to modify the Minimum Qualifying Marks at any stage.

7. Methodology for Selection: All India Basis

(i) The number of vacancies listed above is tentative only. The Bank at its discretion reserve the right to modify/add/reduce the vacancies/locations as per the business requirements, administrative considerations and/or performance of candidates in the selection process or any other circumstances.

Apply Procedure

1. Last date for Online Registration of Application & Payment of fees: 27.01.2022

2. Candidates are required to have a valid personal email ID and Contact Number. It should be kept active till completion of this recruitment project. Bank may send call letters for GD and/or interview and/or Selection Process on the registered Email ID. In case, a candidate does not have a valid personal email ID, he/she should create his/ her new email ID before applying Online.

3. Candidates need to upload their Bio-data while filling online application. Candidates are also required to upload their scanned photograph, signature and other documents related to their eligibility. Please refer to regarding scanning of photograph & signature.

4. Candidates are advised to carefully fill in the online application themselves as no change in any of the data filled in the online application will be possible/ entertained. Prior to submission of the online application, candidates are advised to verify the details in the online application form and modify the same if required. No change is permitted after clicking on SUBMIT button. Visually Impaired candidates will be responsible for getting the details filled in/carefully verifying, in the online application and ensuring that the same are correct prior to submission as no change is possible after submission.

5. The name of the candidate should be spelt correctly in the application as it appears in the certificates/ mark sheets. Any change/ alteration found may disqualify the candidature.

6. An online application which is incomplete in any respect and unsuccessful fee payment will not be considered as valid.

7. Candidates shall also be required to submit supporting documents such as DOB Proof, Graduation Certificate, Other Certifications, Category/PWD Certificate, Experience Letter, Document showing Break up of CTC, Latest Salary Slip (e.g. November/December 2021), etc. at the time of submitting the online application form

8. Candidates are advised in their own interest to apply online much before the closing date and not to wait till the last date to avoid the possibility of disconnection / inability / failure to log on to the website on account of heavy load on internet or website jam

9. Bank of Baroda does not assume any responsibility for the candidates not being able to submit their applications within the last date on account of aforesaid reasons or for any other reason beyond the control of Bank of Baroda.

10. Candidates applying for the post of Sr. Relationship Manager have to choose the city/location from the list available at the time of submission of the application form.


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