Product Head – Private Bank

Hireex Consultants; Mumbai; On-site; INR 3,500,000 - 6,500,000; Full time

Benefits offered by this job

Competitive salary

Generous ESOPs

Job summary

A leading financial services firm in Mumbai is seeking a Head of Products to lead their product management group. The ideal candidate will have a minimum of 12 years of experience in financial services, particularly in Wealth Management. Responsibilities include product development, compliance, and market analysis. Competitive compensation with ESOPs is offered.

Qualifications

• Minimum 12 years of relevant work experience in financial services and Wealth Management.
• Deep understanding of capital markets and investment nuances.
• Ability to multi-task and work in high-pressure environments.
• Experience managing Investment Counsellors/Advisors at a national level.

Responsibilities

• Lead the product management group of the organization.
• Design the product value proposition for Wealth Management.
• Conduct due diligence for product inclusion in the bouquet.
• Ensure compliance with SEBI/IRDA/RBI instructions.
• Source and interpret market intelligence and track performance of launched products.
• Create collaterals and research notes; maintain portfolio positioning and risk reviews.
• Take responsibility of Investment committee and monthly house view.
• Analytics of client portfolios and model portfolios; ensure timely client reports.
• Provide updates on financial markets and economy; quarterly benchmarking.
• Liaise with departments and external agencies for technology-driven solutions.
• Build knowledge platforms via digital events and content; support social media.
• Liaise with market data aggregators and research providers; interact with RM teams.
• Negotiate superior commercials with manufacturers; ensure compliance with SEBI/IRDA/RBI.

Skills

Wealth Management solutions

Product Development

Investment Advisory

Market Analytics

Knowledge Sharing

Education

MBA Finance or related field

Job description

Overview

Our objective is to be known for our differentiated offerings and strategies that sets us apart from run-of-the-mill Private Wealth firms. An intelligent, ethical, hardworking & experienced Product Head will find it both enjoyable & an interesting challenge taking on this mandate of Head of Products.

Experience

• Minimum 12 years of relevant work experience in financial services, financial product development, investment advisory & Private Banking (Wealth Management).
• Excellent knowledge of Wealth Management solutions like Mutual funds, PMS/AIF, Private Credit, International Investments, Insurance, Alternative Investments etc. & strategies like tax minimization strategies, legacy planning, arbitrage etc.
• Experience in Product Development and structuring for Private Wealth clients.
• Experience in managing Investment Counsellors/ Advisors at a National level

Job Profile

• Lead the product management group of the organisation
• Design the product value proposition for Wealth Management.
• Analyze various PMS/AIF/MF/Structured Products etc & and conduct due diligence for assessment of inclusion in the product bouquet
• Devise innovate product offerings for both templated as well as bespoke solutions after competitive scanning and benchmarking.
• Source and interpret external market intelligence from a domestic as well as global perspective. Track and enhance the performance of launched products to ensure they remain competitive in the market place.
• Conceptualize and maintain collaterals, research notes.
• Existing Product management (including portfolio positioning, return analysis, investment risk review, peer group review)
• Take responsibility of Investment committee, generation of monthly house view & model portfolios.
• Analytics of client portfolios as well as model portfolios
• Ensure high quality & timely reports for Clients with proper coverage.
• Create regular & timely updates on events in financial markets & economy.
• Ensure product benchmarking is conducted at Quarterly intervals.
• Liaison with other departments and outside agencies to have best in class technology driven solutions.
• Build a knowledge platform via digital events and knowledge series.
• Assist in building a social media community for the organization through good content and conversation
• Liaison with market data aggregators and research report providers.
• Regular interaction with investment and RM Teams.
• Negotiate superior commercials with manufacturers
• Compliance: Ensure compliance of guidelines, system & procedures are followed while approving products. Ensure the teams have necessary certification to comply with SEBI/IRDA/RBI instruction(s).
• Knowledge Sharing: Have your team arrange investment conclaves, training programs quizzes for Wealth RMs

Preferred Qualification

• MBA Finance or related field
• Deep understanding of capital markets, MF industry and nuances of investing
• Ability to multi-task & work in a high-pressure performance oriented environment.
• Should have an eye for detail
• Knowledge & Experience in Market Analytics and Passion for Research in Economic trends and Products.

Compensation

• Fixed: Competitive with the industry
• ESOPs: Head of Products will be the beneficiary of generous ESOPs