Sugandh Singh Somvanshi

Experience

• 

  SPRISM Investment Services Pvt.Ltd.

  Jun 2010 - Mar 2013

  Relationship Manager (Wealth Management)

  Job Description :Core job comprises management of investment portfolios of HNI & retail clients, servicing them on Mutual Funds, Fixed Income instruments like Corporate Bonds / NCDs and Fixed Deposits, advising them on Insurance. Maintaining, advising and corresponding with clients on their investments, Keeping them updated on financial market and investment products that have a bearing on their portfolio, periodic & event based portfolio review at least once a month.Products Profile:  Non convertible debentures/ Bonds – Primary and Secondary. Mutual funds – Debt & Equity. Structured products – ELDs, Debt, Equity and Real estate. Insurance and Corporate Fixed deposit.  Equity – Cash, Futures and Options.Functional Responsibilities: Advising clients in investment decision making process, selecting product mix inline with objectives of investment, balancing risk against returns through proper asset allocation. Performing periodic & event based portfolio reviews and realigning the portfolio in order to achieve investment objectives. Ensuring the right co-ordination between front line & backend operational activities within the organization. Monitoring the overall functioning of processes, identifying improvement areas and implementing adequate measures to maximize customer satisfaction level and ensuring minimum TAT in answering queries & resolving issues. Preparing and reviewing MIS reports & other statements with a view to apprise management of the process operations and assist in decision-making process. Active Sales Management and meeting of targets. Determining training needs of associates and conducting suitable training programs on technical and capital markets to enhance their operational efficiency leading to increased productivity. Show less

• 

  Axis Bank

  Apr 2013 - Jan 2023

  Job Responsibilities:Effectively managing a team of 8 Premium Banking RMs and Service RMs. Supervising the end-to-end delivery of banking & financial solutions to bank’s Premium RI & NRI customers, right from identifying & onboarding clients to advising them on their Investment, Banking and Financial needs. Functional Responsibilities:Ensure RMs are prudently advising clients in investment decision making process and selecting right product mix in line with client’s investment objectives to help them reach their financial goals. Ensure optimal balance of risk and returns is maintained through proper asset allocation. Ensure RMs are keeping clients informed and updated on financial market, performing periodic & event based portfolio reviews and realigning the portfolio with investment objectives.Ensure team resources are performing the required KYC screening while on boarding Resident/NRI customers, reviewing all required AML/ KYC Regulatory requirements for all clients to ensure ongoing compliance with AML Standards & regulatory requirements. Ensuring analysis and reporting of transactions that appear unusual based on the customers profile.Monitor service delivery process and ensure the right co-ordination between front line & backend operational activities for seamless delivery of services within TAT. Identifying improvement areas and implementing adequate measures to improve customer satisfaction level.Preparing and reviewing MIS reports & other statements with a view to apprise management of the process operations and assist in decision-making process.Providing guidance and training for team members to enhance their knowledge on specific products as well as to ensure full compliance of regulatory requirements and internal standards.Proactively learning and taking self-development initiatives to remain upgraded with the latest developments in Banking, Investment & Wealth Domain. Show less

  • Branch Relationship Head - Premium Banking

    Apr 2021 - Jan 2023

  • Senior Relationship Manager - Priority Banking

    Apr 2020 - Mar 2021

  • Senior Manager - Priority Banking

    Apr 2018 - Mar 2020

  • Manager - Priority Banking

    Apr 2016 - Mar 2018

  • Deputy Manager - Priority Banking

    Apr 2013 - Mar 2016
• 

  HSBC

  Jan 2023 - now

  AVP