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    Job · 16957390

    Aditya Birla Group logo

    Senior Manager - PMS Operations

    Aditya Birla Group · Mumbai · onsite · Posted 42d ago

    Not disclosedFresherfulltimeSourced fromFoundit

    About a minute. You'll make an account on the way through.

    About this role

    Job Description

    1. Job Purpose:Write the purpose for which the job exists (in 2-3 lines)

    To be responsible for implementing fund's investment strategy and manage its trading activities, develop strategies to drive return, offset losses and drive profitability. To sell at pan India level thus earning AMC and commission for the organization while strictly adhering to financial industry regulations. Also responsible to ensure investment activities are adhered basis financial industry regulations.

    2) Dimensions: Mention quantitative or qualitative parameters that are relevant for the job and provide a better understanding of the scope and scale of the job.

    Business Workforce Number

    800

    Function Workforce Number

    19

    Other Quantitative and Important Parameters for the job: Budgets/ Volumes/No. of Products/Geography/ Markets/ Customers or any other parameter

    • AUM targets - 900Crs.
    • Geography/Markets - Pan India Presence through own branches.
    • Customers Base (distributors) -25
    • Profitability - 10Crs.

    3) Job Context and Major Challenges:Write the specific aspects of the job that provide a challenge (internal and external) to the jobholder in the context of the Business/Unit/Function/Department/Section

    Aditya Birla Money Ltd. (ABML) is primarily a Broking Company, deals in Equity, Commodity & Currency. Workforce of 800 spread across 40 locations with customer base of in excess of 3 lacs. Commodity operations are managed through its 100% subsidiary Aditya Birla Commodities Broking limited. ABML is one of the leading securities trading companies in the country. ABML operates in a fragmented equity broking business and has a daily turnover of close to 3,000 Crores with a market share of 1%. ABM works in a highly regulated environment with a host of regulators like SEBI, RBI, AMFI, FMC, IRDA etc. regulating its day to day operations. In addition to the regulator ABML is also subject to close monitoring and inspection through various agencies like NSE / BSE / NCDX / MCX / NSDL / CDSL etc. ABML also operates in a highly competitive market mainly in fragmented industry with ABML competition from major National Broking houses like ICICI Securities, HDFC Securities, Angel Broking, MOFSL etc. and a range of local Broking outfits.

    The Key responsibilities of Senior Fund Manager are:

    • To implement fund's investment strategy and manage its trading activities
    • To develop strategies to generate return superior than the benchmark and limit losses while driving alpha in the fund offering.
    • To roll out offering/s to address requirements of different clients.
    • To focus on investments to generate returns superior than the benchmark and limit the losses thereby driving alpha.
    • To manage Analysts, conduct research and make important investment decisions.
    • To maintain high level of communication - both written and oral - with the existing clients.
    • Be available for presentations to the potential clients.
    • To manage and maintain relationships with the distributors.
    • To monitor performance while managing suite of the financial products.
    • To be upto date on trends in the industry so as to be able to make key decisions that are consistent with the Fund's goals.
    • To ensure investment activities adhere to financial industry regulations, conducting Audits to prevent frauds and ensure that client's investments aren't being put to unnecessary risks.

    The key challenges faced are:

    • To have second level thinking to be able to be one step ahead of the market (more so in volatile environment) while preventing accidents in the portfolio.
    • Constantly and continuously interact with teams at regions for their requirements, building and increasing the market share of the business amidst stiff competition.
    • Being a custodian, have to build self-sufficient business including managing team of Analysts, conduct independent research and make important investment decisions away from the herd.

    The critical skill sets that this profile requires are excellent analytical, communication and presentation skills, an eye for detail, strong networking skills and customer service orientation. The individual should have market knowledge and macro factors affecting the market sentiment.

    Having second level thinking skill is a key requisite. He/she should possess financial market instinct and knack of understanding investor psychology and behavioral biases impacting trading decisions.

    4) Key Result Areas:Writethe key results expected from the job and the supporting actions for each of these key result areas (For a majority of jobs typically there could be 4- 7 key result areas)

    Key Result Areas

    Supporting Actions

    To ensure gross Revenue Targets (@ Rs. 10 Cr by 2022) - Brokerage + AMC + Setup fees + Exit Fees etc.

    • To assist and encourage branches/teams for maximizing client additions and hence increasing the reach and AUM.
    • To assisting and travel to branches, meeting distributors and clients to boost onboarding new clients & distributors with ABM.
    • To be judiciously active in the satellite (PMS product) component.

    To ensure Alpha of 4% over benchmark on sustained basis

    • To continuously iterate ideas based on risk/return dynamics.
    • To handle and maintain self-motivated team of Analysts, assist Analysts on undertaking Research on investment ideas and subsequent updates on buy/sell/hold recommendations.
    • To continuously build professional network and stay informed about industry trends. To have periodic review of current and possible investments.

    Sourced from foundit

    Skills

    Investment

    About Aditya Birla Group

    Aditya Birla Group logo

    Aditya Birla Group

    Metals & Mining

    227.5k+

    employees

    1857

    169 years old

    Mumbai, Maharashtra

    India

    About

    Aditya Birla Group is a Fortune 500 global conglomerate. The company's businesses have grown into global powerhouses in a wide range of sectors metals, textiles, carbon black, telecom and cement.

    Industries

    Metals & MiningFinancial ServicesBuilding MaterialRetailTelecomChemicals

    Employee ratings

    2,383 reviews

    4.1/ 5

    Culture

    3.9

    Career growth

    3.5

    Work-life

    4.0

    Employees rate it well for

    Work Culture191Salary167Senior Management152Work Life Balance146Job Security123

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