Vice President - Portfolio Counsellor, West India (Borivali Branch)
HSBC · Mumbai
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Business Description
Within International Wealth and Premier Banking (IWPB), we serve 41 million customers globally, including 6.7 million who are international, from retail customers to ultra-high net worth individuals and their families. We help our customers to take care of their day-to-day finances and to manage, protect and grow their wealth. Our international network and breadth of expertise enable us to deliver on HSBC’s purpose of opening up a world of opportunity by providing our customers with borderless banking and world-class wealth management through best-in-class, mobile-first capabilities and exceptional people. Our key areas of operations include Retail Banking and Wealth Management, Asset Management, Private Banking and Insurance.
We are currently seeking an experienced professional to join the INM International Wealth and Premier Banking (IWPB) team.
Principal Responsibilities:
- The role of an Investment Counsellor (IC) is that of a Product Expert (PE) on investments and is required to provide financial analysis and investment recommendations primarily to customer with Funds under management of greater than INR 10M
- Strengthen HSBC’s image as a leading wealth provider by providing clients with access to advanced technical product expertise.
- Support PRMs to gain more clients’ confidence and trust in HSBC capabilities and increase the effectiveness and quality of needs fulfilled for target clients in need.
- Assist PRMs in deepening and growing client relationships through identifying and uncovering client's needs, identifying relevant wealth solution and technical analysis, and assisting PRMs in presenting and explaining solution(s) to client.
- Conduct portfolio reviews with PRMs, assess product suitability and market and regulatory change impact to products held by clients as appropriate, identify opportunities and manage risks.
- Join PRMs in meeting clients and provide advice, input based on technical knowledge while acting as a second point of contact to PRMs for specific products and solutions;
- Improve PRMs’ product specific technical knowledge by effective on-job coaching and training.
- Ring-fencing of Premier customers
- End to end ownership of Investment Sales and Distribution business for the assigned patch and run strategic objectives like AUM Growth, Net Sales consistency, PRM productivity, Unique Client Transactions, increase in client coverage, run Financial Wellness sessions, new product campaigns aligned to region’s key performance objectives
- IC to analyze portfolio of 35-40 customers every month and engage with them to provide advice based on sound investment expertise.
Qualifications/Requirements:
- At least 8 years of relevant experience in a Bank of Asset Management Companies
- MBA from a reputed institute preferred, Post Graduate Degree (preferably in Economics, Mathematics, Finance) or professional qualifications like CA is preferred
- Strong analytical and problem solving skills
- Proven ability in productivity enhancement
- Demonstrate behaviours consistent with HSBC Values
- Mandatory NISM Certifications
- NISM-VA- MF Distributors
- NISM-XXI-A PMS Distributors
- NISM- XIII-Common Derivatives
- NISM- XIX-B : AIF (Category III) Distributors
- Expertise in bank’s systems and processes
- Skills in sales, financial planning and communication.
- Sound problem solving skills.
- Knowledge of bank and operating platforms.
- Industry and sector knowledge.
- Knowledge of sales and service techniques and models.
- Skills
- Excellent interpersonal skills
- Coaching techniques on a team or one to one basis
- Planning and organising skills
- Familiarity with AI-enabled tools is an advantage
HSBC is committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and opportunities to grow within an inclusive and diverse environment.
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Issued by The Hongkong and Shanghai Banking Corporation Limited, India