IFMR - Senior Wealth Management Analyst

Job Description – Senior Wealth Management Analyst

IFMR Rural Finance (www.ruralfinance.ifmr.co.in) is a technology-process company which licenses out its KGFS Brand along with the required technology, processes and tools to build community focused small financial institutions that serve remote rural communities in defined geographies (typically two Districts of India). While the licensees (KGFSs) are not banks themselves, like regular banks they operate through branches located inside remote villages and have the ability to offer comprehensive savings and loan services to both, individual consumers as well as local businesses and local governments. But, unlike regular banks, these institutions also offer a full range of financial services (savings, loans, investments, insurance, risk management, pensions) and use an internally developed wealth management approach that is an integral part of the manner in which they serve the local community – they even had to write their own textbook for this – Financial Engineering for Low Income Households (Financial Engineering for Low Income Households).

The organization thus far has 6 licensees which, between them, reach 12 Districts and serve about ~ 500,000 families in three States of India (Tamil Nadu, Uttarakhand, and Orissa). In order to support the rapid growth plan of the existing licensees as well on-boarding of new licensees in new geographies, we are looking to expand out our Wealth Management, Risk Management, Technology and Training teams.

Senior Wealth Management Analyst -

The position will be part of the WM team and report directly to the Rural Finance Leadership and indirectly to the Licensee Leadership. Incumbent will be responsible for the development and implementation of wealth management strategies designed to increase the penetration of existing rural customer relationships, broaden and strengthen the customer relationship and increase overall customer retention.

Responsibilities

- Understanding the proprietary wealth management approach and suite of tools

- Developing rural wealth management expertise and be committed to taking a proactive and innovative approach to providing expertise, clarity, and focus on developing and improving new and existing wealth management tools, practices and processes .

- Building relationships with key leaders across the KGFS organization including the frontline wealth managers.

- Frequently visiting various geographies and getting feedback from front-line wealth managers, rural customers on wealth management processes and practices.

- Quantitatively and qualitatively analysing data to understand the impacts of KGFS processes and products on the rural customer’s financial well-being.

- Participating in variety of investment strategy/policy committees as appropriate for the role.

- Liaising with the Technology, Process and Training teams to develop robust and efficient wealth management solutions. Additionally there is significant project involvement that involves: meeting with project managers and broader business user community to synthesise/prioritise requirements; meeting with other internal teams to specify development needs; following up on progress and user acceptance testing of business requirements.

Requirements

- Bachelor’s Degree in quantitative and /or management disciplines. Masters preferred.

- 3-5 years’ experience in financial services, banking.

- Excellent numeric and analytical skills and good communication skills- both written and verbal are a pre-requisite.

- Should be able to integrate into a small team seamlessly with good interpersonal and leadership skills.

- Energetic self-motivated, flexible, independent personality who is interested in rural development and passionate about making a difference

- Fluency in at least Hindi or Tamil a must. Multiple languages a plus.

- Must be willing to travel in rural India.