Scope of the Role
An Assistant Manager Wealth Operations in a bank oversees the daily backend processes for high-net-worth (HNI) client accounts, ensuring accurate transaction processing, regulatory compliance, and high-quality service. Key responsibilities include managing account opening, asset transfers, reporting, and optimising workflows, acting as the operational backbone for wealth management advisors.
Job Description
Key Responsibilities: Operational Excellence: Managing daily operations including account setup, trading support, and asset movements for investment portfolios.
Compliance & Risk Management: Ensuring strict adherence to regulatory standards (e.g., SEBI, AML) and internal policy, acting as the first line of defence.
Client Servicing & Support: Resolving complex client queries and ensuring accurate, timely reporting of financial statements and performance metrics.
Process Optimisation: Reviewing, developing, and implementing operational improvements to increase efficiency and cost-effectiveness.
Team Leadership: Overseeing operational staff, managing performance, and facilitating training on new products or procedures.
Vendor & Auditor Management: Coordinating with internal auditors and external service providers to ensure compliance and smooth operations.
Ideal Candidates
Looking for candidates with ample experience working with a bank's central Wealth Operations team. Strong understanding of investment products (mutual funds, stocks, bonds, insurance) and regulatory compliance frameworks.