Associate - Client Services - Private Banking

Standard Chartered India; Pune District; On-site; INR 1,200,000 - 1,800,000; Full time

Benefits offered by this job

Competitive salary and benefits

Flexible working options

Wellbeing support

Job summary

Standard Chartered India is seeking an Associate in Private Banking to support Relationship Managers in achieving targets, ensure AML compliance, and deliver high-quality service to PVB clients. The role requires rigorous adherence to RBI guidelines and group policies while maintaining strong client relationships and timely processing of CDD reviews.

You will collaborate with cross-functional teams, handle client inquiries, and help streamline processes to improve service levels while complying

Qualifications

• Graduate/Postgraduate with relevant banking exposure.
• Customer service orientation and ability to manage client relationships.

Responsibilities

• Assist RMs in achieving financial targets with strong support.
• Participate in prevention of money laundering and fraud per policies.
• Ensure high quality service to PVB clients and compliance on all transactions.
• Deepen client relationships through excellent service and timely follow-up.

Skills

Banking services

Wealth management

Communication

Interpersonal skills

MS Word

MS Excel

MS PowerPoint

Education

Graduate

Postgraduate

Tools

MS Office

Job description

• Assist assigned RMs to achieve financial targets by providing strong support to them.
• Actively participate in the prevention of money laundering and fraud by strict adherence and close diligence to the Bank's policies and procedures and the regulations.
• Ensuring high quality customer service to PVB clients.
• Ensuring internal and external compliance on all transactions.
• Assist in deepening existing client relationship through excellent customer service.
• Manage CDD (RBI & Periodic) reviews process within the prescribed timelines.

Job Summary

• Assist assigned RMs to achieve financial targets by providing strong support to them.
• Actively participate in the prevention of money laundering and fraud by strict adherence and close diligence to the Bank's policies and procedures and the regulations.
• Ensuring high quality customer service to PVB clients.
• Ensuring internal and external compliance on all transactions.
• Assist in deepening existing client relationship through excellent customer service.
• Manage CDD (RBI & Periodic) reviews process within the prescribed timelines.

Key Responsibilities

Strategy

• Be multi-skilled to handle all kinds of transactions and services in the bank as per applicable guideline.
• Provide professional accurate and timely support to client Advisors.
• Provide prompt, efficient and courteous service to PVB customers.
• Ensure transactions are processed with a high level of accuracy and commitment within standard turnaround time in order to satisfy customer needs.
• Manage the preparation of Client Due Diligence (CDD) reviews and ensure deadlines are met, and timely follow up of issues raised.
• Liaising with other Departments where necessary, promptly inform Client Advisors and the management team of any client complaints including resolution with service levels and accurate input.
• onto the Complaints Database.
• Deal with and process payments, deposits, and credit card applications accurately and within deadlines and follow up with any queries.
• Ensure adherence to laid down processes, facilitate first time resolution. Minimize rejections and customer complaints.
• Ensure he/she is fully aware of all the policies and procedures issued in relation to ORMA, Group Code of Conduct, KYC/CDD/EDD & Money laundering prevention. He / She must ensure compliance with these policies and procedures on an ongoing basis. Any suspicious transaction must immediately be reported to the supervising officer.
• Call Backs to clients to verify high value payments, change of addresses, enquiries and various administrative matters as per the current process and guideline from time to time.
• Constantly challenge processes and procedures with a view to streamlining and simplifying, to reduce waste and improve service offered to internal and external clients.
• Deal with Account Opening documentation and queries as required, ensure client files are updated with the relevant documents as per prescribed norms.
• Ensure compliance to BCSBI, Treating Customer's Fairly standards are consistently met.
• Keep up to date with existing and new SCB Private Bank products.
• Keep up to date with new developments in banking, financial and SCB investment products and services.
• Ensure compliance with internal and external guidelines and ensure minimal comments in audits and other inspections.
• Responsible for health and safety for all. As part of the Health and Safety guidelines you should take reasonable care for the health and safety of co-workers and those who may be affected by your actions or your omissions; Co-operate with Management to support and promote Health and safety in the workplace.
• Ensure that your actions do not put others at risk; Work in a healthy and safe manner;
• Encourage other to work in a healthy and safe manner
• Report all accidents and incidents and bring to the attention of the management any hazard in the workplace.

Processes

• Measured indirectly by the success of the Relationship Managers, AUM and revenue goals.
• CDD- Completion of documentation and adherence to local and group compliance issues
• Adherence to regulatory and Group compliance issues
• Number of client complaints and compliments received about the direct service offered.
• Successful completion of all accreditation tests and mandatory e-learning
• Minimising operational losses and P & L claims
• Client satisfaction survey results
• Timeliness of submission-Client instructions and AO/PRs

Regulatory & Business Conduct

• Display exemplary conduct and live by the Group’s Values and Code of Conduct.
• Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
• Effectively and collaboratively identify, escalation, mitigate and resolve risk, conduct and compliance matters.

Key stakeholders

• External clients
• Client Advisors
• Investment advisors
• Manager Client Service
• Compliance
• Operations
• Risk
• Control and Supervision

Skills And Experience

• Banking services
• Wealth Management services
• Soft skills like Communication, Interpersonal
• System – Word / Excel / PPT

Qualifications

• Knowledge / Skills / Experience Required:
• Graduate/ Postgraduate
• Customer Orientation and service focus
• Anywhere between 4-5 years of overall experience, preferably in a Client Service role
• General Banking Knowledge, understanding of front and back-office processes and procedures, preferably in a Private Bank Client service role.
• Good Interpersonal Skills
• Strong Verbal and Written Communication Skills
• Ability to work under pressure and meet tight deadlines.
• Team player.
• English

About Standard Chartered

We're a global bank connecting clients to our differentiated network, offering growth opportunities in the world's most dynamic markets. Our strategy, which combines cross-border capabilities and leading wealth management expertise, helps us deliver our purpose - to drive commerce and prosperity through our unique diversity.

Over our 170-year history, and across a unique geographical footprint connecting Asia, Africa and the Middle East to each other and the world, we've built a bank like no other, with diverse capabilities and partnerships that set us apart.

What We Offer

• Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions, and geographies.
• In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.
• Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations.
• Time-off including annual leave, parental/maternity (20 weeks), sabbatical (12 months maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum.
• Flexible working options based around home and office locations, with flexible working patterns.
• Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global employee assistance programme, sick leave, mental health first-aiders and self-help toolkits.
• A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual, and digital learning.

Visit our careers website to learn more about us: www.sc.com/careers.