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 / MBA /CFA
EXPERIENCE – 0- 2 Years
LOCATION - MUMBAI
INDUSTRY – FINANCIAL
SERVICES
JOB
DESCRIPTION
·
Maintaining control on investment limits comprising regulatory, SID as
well as internal limits
·
Ensuring systemic control of investment limits
·
Analytics on relevant investment risk parameters
·
Oversight on investment processes from a risk perspective
·
Controls relating to dealing room, trade allocation and best execution
·
Providing inputs on policies pertaining to investment risk, risk
policies, best execution, and related controls
·
Oversight on credit risk related processes
·
Knowledge of valuation guidelines and oversight from risk perspective
·
Keeping track of market and industry developments, best practices, new
regulations and knowledge sharing with the team
·
Improving the level of automation, systemic controls, analytics through
different tools
·
Knowledge of and Monitoring market dynamics on a continuous basis
·
Developing & presenting accurate Risk and Performance reports and
dashboards on a regular basis
·
Working with vendors and other stake holders for continuous improvement
in the level of automation of risk reports
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