Executive - Clearing Operations
IDFC FIRST Bank
Role/ Job Title: Executive – Clearing Operations
Function/ Department: Wholesale Banking Operations
Job Purpose: 'Monitor and execute payment process. Verify all transactions have been executed in a timely and accurate manner.
Roles & Responsibilities:
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- Should understand Regulatory and Banking environment
- Basic Know how of CTS Function
- Ensure all clearing (Inward, Outward, Returns) and NAC Destination mandates / transactions are managed and processed within agreed TAT.
- Responsible for monitoring reconciliation and ageing of all suspense accounts on a timely basis
- Responsible for error free operations
- Nil Regulatory penalties
- Require basic relationship building skills to maintain effective relationships with Internal and External Stake holders
- Responsible for handling clearing related Vendors, monitor SLAs for Vendor and other clearing products
- Responsible for timely updation and submission of MIS and reporting of all clearing products
- Responsible for coordination with internal and external stake holders and Member Banks
Experience: 0 to 3 years preferably in Banking Industry