SBI Mutual Fund was incorporated in 1987 with its corporate head office located
in Mumbai, India. SBIFMPL is a joint venture between the State Bank of India, an Indian public sector bank, and Amundi,
a European asset management company.
A shareholder agreement in this regard has been entered on April 13, 2011,
between SBI & AMUNDI Asset Management. Accordingly, SBI currently holds 63%
stake in SBIFMPL and the 37% stake is held by AMUNDI Asset Management through a
wholly owned subsidiary, Amundi India Holding. SBI & AMUNDI Asset
Management shall jointly develop the company as an asset management company of
international repute by adopting global best practices and maintaining
international standards.
The mutual fund industry
in India originally began in 1963 with the Unit Trust of India (UTI)
as a Government of India and the Reserve Bank of India initiative.
Launched in 1987, SBI Mutual Fund became the first non-UTI mutual fund in India. In
July 2004, State Bank of India decided to divest 37 per cent of its
holding in its mutual fund arm, SBI Funds Management Pvt Ltd, to Societe Generale
Asset Management, for an amount in excess of $35 million.
Post-divestment, State Bank of India's stake in the mutual fund
arm came down to 67%. In May 2011, Amundi picked up 37% stake in SBI Funds
Management, that was held by Societe Generale Asset Management, as part of a
global move to merge its asset management business with Crédit Agricole.
VACANCY DETAILS :-
QUALIFICATION – CA INTER
EXPERIENCE – 2 Years of Articleship
LOCATION - MUMBAI
INDUSTRY – FINANCIAL
SERVICES
Roles & Responsibilities
·
Assist the Audit team to
perform audits including audit program, audit field work, documenting audit
work and managing the audit within defined timeframes.
·
Understand the processes
involved in mutual fund industry and assist in creating process documentation.
·
Contribute to identify
risks associated with mutual fund industry and related controls. Also, test
identified controls and create audit plan for the process to be audited.
·
Help audit team to
formulate the yearly audit plan.
·
Work on special assignments
such as RFP
·
Support the Audit team in
audit coordination and review of reports
Skills & Competencies
·
Basic understanding of
mutual fund industry with some audit background
·
Ability to communicate
effectively with good verbal and written communication skills
·
Ability to work under
pressure without compromising on the quality of work
·
Microsoft Office
proficiency with a strong emphasis on Excel.
·
Ability to work
independently and as part of a team and self-motivated
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