Institutional Sales - Bangalore | Scrabble
Job Description
About Jio BlackRock: In July 2023, BlackRock and Jio Financial Services Limited (JFS) announced an
agreement to form Jio BlackRock, a 50:50 joint venture that combines the respective strengths and
trusted brands of BlackRock and JFS to deliver tech-enabled access to affordable, innovative
investment solutions for millions of investors in India.
The ambition is to become market leader in asset management industry by 2030. According to
estimates from the Association of Mutual Funds in India, assets under management of Indian mutual
funds doubled to INR 44.39 trillion (USD 542 billion) in the five years to June 2023.
Jio BlackRock brings BlackRock’s deep expertise and talent in investment management, risk
management, product excellence, access to technology, operations, scale, and intellectual capital
around markets, while JFS contributes local market knowledge, customer reach, digital infrastructure
capabilities and robust execution capabilities.
Together, the partnership will introduce a new player to the India market with a unique combination
of scope, scale, and resources. JFS and BlackRock are targeting initial investment of US$150 million
each in the joint venture.
The joint venture will have its own management team and will launch operations post all regulatory
and statutory approvals. The approval process for license is in progress and expected to come in next
9-12 months
Institutional Sales - RM
The job would require the candidate to meet clients, understand their financial/investment
objectives & risk appetite and recommend appropriate products.
*Objective*
• Responsible to increase the current institutional market share from assigned relationships in
both Fixed Income and Equity
• Manage relationship with existing Large, Mid & Small Corporates & Institutions
• Acquire new clients
• Conduct meetings with clients/institutional brokers, understand their needs, and suggest
appropriate products
• Update clients with the latest market developments and fund house view regularly
• Leverage on MIS and other market data for effective sales
• Observe competition, clients and share timely feedback to the team
*Knowledge required for the role*
• Strong knowledge of capital markets and other financial products
• Strong product knowledge
• Business Acumen
• Deep understanding of sales process
