Specialist
IDFC FIRST Bank
Date: 1 week ago
City: Thāne, Maharashtra
Contract type: Full time
Job Requirements
Role/ Job Title Senior Specialist Reconciliation & Settlement
Function/ Department: Operations Reconciliation & Settlement
Job Purpose
The role bearer has the responsibility spearhead reconciliation & settlement acitivities of bank and customer accounts on a regular basis. It includes collaborating with respective stakeholders to ensure adherence to processes and prepare status reports. The role holder is expected to oversee workload of team members and ensure timely completion of reconciliation & settlement of all assigned projects as per defined timelines. Interacting regularly with clients, understand their requirements and provide reports to senior management for making decisions as per the larger objectives of the bank.
Roles & Responsibilities
Responsible for timely completion of reconciliation of all assigned projects as per defined timelines
Govern supporting documentation for reconciliations
Ensure processing of rectification entries
Handle field queries / guide field personnel on reconciliation requirements
Develop understanding of related processes and inter-dependability between teams, have broad understanding of underlying data structures
Ensure minimal losses for the department and submit items that needs to be written off within each financial year
Interact with clients as and when required and submit necessary statements
Review and improve reconciliation process and SOPs
Comply with regulatory requirements and internal guidelines
Contribute to the implementation of operational permanent control policies and procedures in day-to-day business activities, such as Control Plan
Minimizing operational failure, including but not exclusively, the risk of fraud, by helping to devise, and by implementing, sufficient regular controls
Liaise with RMs, traders, Finance & Control and colleagues of other support units to provide high quality of service to customers
Preparing daily, fortnightly, monthly and quarterly MIS reports as required by Top Management
Recommend improvements to processes and policies across the Banking business to drive operational efficiencies and high quality customer service
Leverage in-house synergies through collaboration with internal stakeholders
Stay abreast with global market trends and competitor strategies in key markets
Managerial & Leadership Responsibilities
Attract and retain best-in-class talent for key roles in their reporting structure
Educational Qualifications
Graduate - Any
Postgraduate Any
Experience
12+ Years
Role/ Job Title Senior Specialist Reconciliation & Settlement
Function/ Department: Operations Reconciliation & Settlement
Job Purpose
The role bearer has the responsibility spearhead reconciliation & settlement acitivities of bank and customer accounts on a regular basis. It includes collaborating with respective stakeholders to ensure adherence to processes and prepare status reports. The role holder is expected to oversee workload of team members and ensure timely completion of reconciliation & settlement of all assigned projects as per defined timelines. Interacting regularly with clients, understand their requirements and provide reports to senior management for making decisions as per the larger objectives of the bank.
Roles & Responsibilities
Responsible for timely completion of reconciliation of all assigned projects as per defined timelines
Govern supporting documentation for reconciliations
Ensure processing of rectification entries
Handle field queries / guide field personnel on reconciliation requirements
Develop understanding of related processes and inter-dependability between teams, have broad understanding of underlying data structures
Ensure minimal losses for the department and submit items that needs to be written off within each financial year
Interact with clients as and when required and submit necessary statements
Review and improve reconciliation process and SOPs
Comply with regulatory requirements and internal guidelines
Contribute to the implementation of operational permanent control policies and procedures in day-to-day business activities, such as Control Plan
Minimizing operational failure, including but not exclusively, the risk of fraud, by helping to devise, and by implementing, sufficient regular controls
Liaise with RMs, traders, Finance & Control and colleagues of other support units to provide high quality of service to customers
Preparing daily, fortnightly, monthly and quarterly MIS reports as required by Top Management
Recommend improvements to processes and policies across the Banking business to drive operational efficiencies and high quality customer service
Leverage in-house synergies through collaboration with internal stakeholders
Stay abreast with global market trends and competitor strategies in key markets
Managerial & Leadership Responsibilities
Attract and retain best-in-class talent for key roles in their reporting structure
Educational Qualifications
Graduate - Any
Postgraduate Any
Experience
12+ Years
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