Overall purpose of role
Key Accountabilities
The role holder is responsible for:
Provide structuring solutions to clients to address their wealth structuring needs, promoter liquidity planning. Drafting / reviewing Trust and Fiduciary Documents in conjunction with legal team Engage with prospects & clients on overall India Trust & Fiduciary services proposition both onshore and overseas particularly in relation to tax implications. To have comprehensive understanding of sub functions like Fiduciary Risk, Business Risk, Compliance, Operations, Client on boarding, etc and how their processes and resources interact to achieve the objective of efficient and effective client delivery for Trust business. To be responsible and liaise with internal & external stakeholders for various activities pertaining to client structures and platform delivery & execution. To manage relationship with key trust clients and addressing their needs in respect of asset infusion, distributions, etc. The role holder shall demonstrate a broad and comprehensive understanding of concepts & principles of Indian Trust & Fiduciary services industry by identifying and resolving issues that could have an impact beyond the said scope of services. Engage with KBI, Intermediary network and build a sustainable framework around their relationship management & delivery. The role holder will ensure innovative as well as effective solutions for both platform and client related queries by interacting and collaborating with various internal stake holders and external stake holders e.g. legal firms to interpret problems, carry out research (where required either on his own or through a internal or external stake holder)
Stakeholder Management and Leadership
The role holder will interact with (A) all internal stakeholders & senior management, Trust & Fiduciary Front Office, Trust Operations team, accounts & tax team, auditors, (B) external stakeholders viz. legal advisors, law firms, external auditors, accounting/tax consultants and the clients. The role holder is expected to have good interpersonal skills.
Decision-making and Problem Solving
The role holder is expected to be action oriented, with a focus on continuous improvement in all areas of work and should be able to deliver quality results with a challenging but positive and influential style.
The right candidate is creative but pragmatic, conceptual, but able to deliver at speed. The successful candidate is able to successfully manage relationships at a senior level, with a reputation for integrity and who can evoke rapid trust and openness in clients, colleagues and team members alike.
The role holder understands and deals with customers and non-customers from a wide range of cultural backgrounds and is constantly alert as many customers originate from environments of high operational risk. Excellent communication skills are required to maintain positive relationships across a number of different functions
Risk and Control Objective [This section is mandatory for all role profiles and must not be deleted]
Take ownership for managing risk and strengthening controls in relation to the work you do
Person Specification
The role holder is required to have an up-to-date and in-depth understanding of the Trust & fiduciary business in India and key issues facing the Trust & Fiduciary services industry.
The role holder is required to have a detailed understand of tax laws, structuring of M&A transactions and liquidity planning.
She / He should have a detailed understanding of Trust & Fiduciary products and services in India.
The role holder should demonstrate experience in management, drive implementation of cultural change and hold a good grounding of economic and commercial awareness at International level.
At this level the role holder should have strong interpersonal skills to develop relationships both internally and externally, and across multi-jurisdictions. Along with proven relationship management and networking skills, the role holder possesses an excellent track record of building a high performing team, through recruitment of ‘A’ players and strong management of under performers.
Purpose, Values and Mindset
We deploy finance responsibly to support people and businesses, acting with empathy and integrity, championing innovation and sustainability, for the common good and the long term.
Our values underpin everything we do: Respect, Integrity, Service, Excellence and Stewardship.
Respect
We harness the power of diversity and inclusion in our business, trust those we work with, and value everyone's contribution.
Integrity
We operate with honesty, transparency and fairness in all we do.
Service
We act with empathy and humility, putting the people and businesses we serve at the centre of what we do.
Excellence
We champion innovation, and use our energy, expertise and resources to make a positive difference.
Stewardship
We prize sustainability, and are passionate about leaving things better than we found them.
Our Mindset shapes how we take action, living by our Values, driven by our Purpose, always with our customers and clients at the heart of what we do; our Mindset is to Empower, Challenge and Drive.
Empower
Trust and support each other to deliver. Make decisions with those closest to the topic. Include diverse perspectives. Celebrate success and learn from failure.
Challenge
Question whether things can be done better. Use insights based on data to inform decisions. Be curious about how we can adapt and improve. Speak up and be open to alternative viewpoints.
Drive
Focus on outcomes. Deliver with pace. Be passionate and ambitious about what we do. Take personal responsibility. Actively build collaborative relationships to get things done.
Join us as VP Wealth Advisory India At Barclays.
Overall, this role aims to ensure that the documentation for trust and fiduciary structures are prepared appropriately on timely basis in conjunction with Barclays Legal / empaneled law firms
▪ The role holder shall also contribute to the client deliverables by interacting with clients & prospects and be able to document the structuring solutions and demonstrate Barclays Trust & Fiduciary Services proposition in India especially from knowledge, experience, expertise and efficient client service delivery perspective.
▪ The role holder is expected to have good understating of estate/succession planning, trusts (private family trusts, employee benefit trusts)
▪The role holder shall have an oversight of risk related compliances, risk assessments of the structures
Essential Skills/Basic Qualifications:
• Degree in Law (minimum requirement)
• Drafting/detailed understanding of legal documentation particularly in the Trust & Fiduciary Services segment
• Understanding of SEBI/RBI regulations
This role is based in Mumbai.