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BANK OF BARODA – Recruitment of Officers for Wealth Management Services – 337 Vacancies – Last Date – 12.12.2017

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Name of the Organization: Bank of Baroda

Post: As a part of the Bank’s ambitious strategy to launch Wealth Management Services to HNI/UHNIs, Bank of Baroda is looking for Wealth Management professionals with proven skills and requisite experience in wealth management.

Vacancies are out for the below mentioned Posts.

  1. Group Head
  2. Operations Head
  3. Territory Head
  4. Senior Relationship Manager
  5. Acquisition Manager (Affluent)
  6. Client Service Executive

(Note : Recruitment of Officers is on  Contract basis for Wealth Management Services.) 
Salary: Remuneration offered will be on CTC basis as per market benchmarks and is negotiable based on candidate’s qualifications, experience and overall suitability for the respective posts. CTC will be fixed, however 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.

Total Vacancy: 337

  1. Group Head : 4
  2. Operations Head : 1
  3. Territory Head : 25
  4. Senior Relationship Managers : 223
  5. Acquisition Managers : 41
  6. Client Service Executive : 43

(For Category Wise  Bifurcation of Vacancies Please Check Official Notification Given Below)

Educational Qualification

  • Group Head : 2 Year Full Time, MBA or equivalent, from reputed Colleges.
  • Operations Head : 2 Year Full Time, MBA or equivalent, from reputed Colleges.
  • Territory Head : Graduate from Government recognized University or Institution, preferably 2 Year Full Time, MBA or equivalent, from reputed Colleges.
  • Senior Relationship Manager : Graduate from Government recognized University or Institution, preferably 2 Year Full Time, MBA or equivalent, from reputed Colleges.
  • Acquisition Manager (Affluent) : Graduate from Government recognized University or Institution.
  • Client Service Executive : Graduate from Government recognized University or Institution.

(For Complete Details Please Check Official Notification Given Below)

Age Limit (as on 12.12.2017)

  • Group Head : Min – 35 Yrs; Max – 50 Yrs
  • Operations Head : Min – 35 Yrs; Max – 45 Yrs
  • Territory Head : Min – 28 Yrs; Max – 40 Yrs
  • Senior Relationship Manager : Min – 23 Yrs; Max – 35 Yrs
  • Acquisition Manager (Affluent) : Min – 22 Yrs; Max – 35 Yrs
  • Client Service Executive : Min – 20 Yrs; Max – 35 Yrs

(For OBC, SC, ST and Other Categories-Relaxation as per rules)

Experience

Group Head 

  • Minimum 10 Years of relevant work experience in financial services, Investment advisory and Private banking out of which minimum 8 Years of experience in Wealth Management.
  • Should have managed large Management Team.
  • Excellent Knowledge of Equity Products, PMS, Mutual Funds and Advisory
  • Should have Exposure to CRM
  • Proven track record of High Performance and Leadership
  • Should have relevant work experience at national level with large Wealth Management organisations
  • Should have managed a large team of relationship managers & Team Leads at national level at least for 5 years.

Operations Head 

  • Minimum 10 Years of experience in financial services, investment advisory and private banking out of which minimum 8 years of experience in setting up and Managing Mid Office, Back Office and Branch Operations of Wealth Management set up.
  • Exposure on CRM platform for Wealth Management is preferred.
  • Experience in handling trade and data for transactions across asset classes like equity, bonds, mutual funds and alternates.
  • Should have managed a large operations team in Wealth Management
    business.

Territory Head

  • Minimum 6 years of experience as a Relationship Manager in Wealth Management out of which minimum 2 years experience as a Team Lead.

Senior Relationship Manager 

  • Minimum 3 years of experience as a Relationship Manager in Wealth Management with leading Public / Private / Foreign Banks / Broking / Security firms.
  • The candidate should have adequate experience in building and managing relationship with High Net Worth Clients [Clients having a minimum Total Relationship Value (TRV) of Rs. 20.00 lakh].

Acquisition Manager (Affluent)

  • Minimum 2 years of experience in acquisition of High Net Worth clients [Clients having a minimum Total Relationship Value (TRV) of Rs. 20.00 lakh or more] in Wealth Management business with leading Public / Private / Foreign Banks / Broking / Securities firms and other financial institutions.

Client Service Executive

  • Experience in documentation requirements of financial products and good communications skills would be desirable

Selection Process: Selection will be based on short listing and/or combination of written aptitude test and one or more rounds of Personal Interview and / or Group Discussion.

  • Bank reserves the right to change (cancel/ modify/ add) any of the criteria, method of selection and provisional allotment etc.
  • The Bank reserves its right to call for the GD/ PI, candidates in a ratio, at its sole discretion.
  • Adequate candidates as decided by the Bank will be shortlisted based on their qualification, experience and overall suitability for Interview.
  • The qualifying marks in test/Interview will be as decided by the Bank.
  • A candidate should qualify in all the processes of selection, i.e. test and/or GD and/or PI (as the case may be) and sufficiently high in the merit to be shortlisted for subsequent allotment process.
  • 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.

(For Complete Details of Exam Process, Syllabus etc. Please Check Official Notification Given Below)

Starting Date of Online Application: 22.11.2017

Last Date of Online Application: 12.12.2017

How to Apply: Click here for online application

Official Notification: Click here for official notification

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