Mumbai – Known for providing business process management, automation, and analytics services to a number of Fortune 2000 enterprises, Mumbai-headquartered firm eClerx Services Ltd has taken a significant step towards developing the next generation of investment banking operations talent in India.
Global banks are retooling their operational frameworks in light of fast changing capital markets regulations, broad-based trading democratization, elevated client maturity and accelerated technology advances. The banks of tomorrow need transformational service delivery that generates differentiated insight and a robust pipeline of skilled young professionals globally that can drive the future of investment banking.
In a strategic partnership with the Chartered Institute of Investment Banking Institute (CISI), eClerx conducted training sessions across its Mumbai and Pune offices for the faculty of 45 MBA and graduate colleges. The colleges have campuses across Mumbai, Pune, Chandigarh, Jaipur, Indore, Bhopal, and Ludhiana – and this program will benefit over 10,000 students as they will have the opportunity to master a niche space – investment banking trade life cycle. The trade life cycle encompasses the entire process from the initiation of a trade, confirmation, execution, settlement and reconciliation, and finally ongoing position and risk management.
The comprehensive program also covers a global orientation to critical areas such as OTC Derivatives, Anti-Money Laundering (AML), and Regulatory Reporting. Operations leaders in investment banking at eClerx conducted training sessions for ~100 professors from partner colleges. This ensures that the knowledge is effectively transferred to college students, enhancing the overall quality of education provided by the partner institutions.
Reflecting on this milestone, Mr. Kapil Jain, Group CEO and MD at eClerx remarked, “We are excited to lead the way in developing future-ready investment banking operations professionals – enabling leading colleges and universities to offer specialized courses that are core and critical to the functioning of the world’s largest financial institutions.”
Students trained and certified at partner colleges and universities will apply for career opportunities at eClerx. This initiative aligns with eClerx’s commitment to academic partnerships, nurturing talent, and creating rich opportunities for students pursuing careers in investment banking operations.