Job description
Position Title : RM Institutional Liabilities (IL)
Job Purpose
- To originate NTB Liability relationships for the bank (operating accounts, term deposits and structured cash management sales including electronic banking sales) through new client acquisition. Key revenue drivers are Cash & FX.
Key Accountabilities
Drive Liabilities Sales through NTB (New To Bank) acquisition of Liability clients for operating accounts, term deposits and other transaction banking products in line with the targets set out which would be 2 accounts per month with an AQB of INR 2 cr per account.Driver Origination of clients in Cash rich segments of companies, especially MNCs and companies in the Ecommerce and Digital space, including start-ups.Leverage relationships with Intermediaries in Market, like Law Firms, CA / CS firms, Consultancy firms, to source deals in the M&A and PE / VC space, both annuity as well as Episodic in nature.Support Regional Sales Heads in implementing liabilities strategy and meeting revenue budgets from Origination.Support Regional Sales Heads in identifying and focusing on appropriate market segments. This includes analysis of key requirements for different identified market segments (through client discussions) and positioning DBS Bank offering to meet client requirements. To support commercialisation of various product rollouts which cater to the needs of the identified client segment.Job Duties & responsibilities
Drive Liabilities Sales through NTB (New To Bank) acquisition of Liability clients for operating accounts, term deposits and other transaction banking products in line with the targets set out which would be 2 accounts per month with an AQB of INR 2 cr per account.Driver Origination of clients in Cash rich segments of companies, especially MNCs and companies in the Ecommerce and Digital space, including start-ups.Leverage relationships with Intermediaries in Market, like Law Firms, CA / CS firms, Consultancy firms, to source deals in the M&A and PE / VC space, both annuity as well as Episodic in nature.Support Regional Sales Heads in implementing liabilities strategy and meeting revenue budgets from Origination.Support Regional Sales Heads in identifying and focusing on appropriate market segments. This includes analysis of key requirements for different identified market segments (through client discussions) and positioning DBS Bank offering to meet client requirements. To support commercialisation of various product rollouts which cater to the needs of the identified client segment.Required Experience
Good understanding of the Sales process through preferably prior sales experience of 5-6 yearsPrior experience in Liabilities, Cash Management, New age payment and collections methods and transaction banking selling experience is desirable, along with experience in FX and Risk management solutions like Hedging.Market knowledge and experience in the Mid-market / SME segment, with reference to appropriate Target Market for the Liability Segment would be preferableEducation / Preferred Qualifications
Preferably Postgraduate. (desirable CA and / or MBA -Marketing Finance).Core Competencies
Good understanding of the sales process. Ability to open conversations with CXOs.Sound knowledge of Cash management, FX and Trade, which are the key revenue drivers.Good technical knowledge of transaction banking business. Abreast of regulatory environment especially for FDI, ODI, Funds, FPI, AIFs etcGood team worker and ability to work with internal product partners like GTS, T&M.Good customer and relationship management skills.Good interpersonal and communications skills.Good problem solving, planning & organising skills. Planning, scheduling and monitoring deliverables, within a stipulated time frame using effective methodsTechnical Competencies
Basic understanding of transaction banking products and associated technology platforms and operational proceduresUnderstanding of regulatory guidelines on banking issued by MAS and by RBI (local regulations in India) and local laws and regulations that impact businesses in general. Understanding of KYC requirements are critical.Knowledge of financial markets and products to assist in meaningful dialogue with clientsWork Relationship
Acquisition of Commercial liabilities BusinessManaging of commercial Liabilities PortfolioDBS India - Culture & Behaviors
Drive Performance Through Value Based PropositionsEnsure Customer Focus by Delighting Customers & Reduce ComplaintsBuild Pride and Passion to Protect, Maintain and Enhance DBS' ReputationEnhance Knowledge Base, Build Skill Sets & Develop CompetenciesInvest in Team Building & Motivation through Ideation & InnovationExecute at Speed While Maintaining Error Free OperationsDevelop a Passion for Performance to Grow Talent PoolMaintain the Highest Standards of Honesty and IntegritySkills Required
Portfolio, Banking, liabilities