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IDFC FIRST BankEmployer profile

Senior Specialist-Escrow Operations

Location not specified · 10–18 yrs

Experience
10–18 yrs
Salary
Not disclosed
Location
Location not specified
Work mode
Not specified
Job type
Full-time
Apply by
Closing date not listed
Posted
13 May 24

About this role

Role/Job Title: Senior Specialist-Escrow Operations

Business: Wholesale Banking Operations

Function/ Department: Cash Management Services

Place of work: Mumbai

Qualification - Post Graduate, B.Com, Finance Graduate

Roles & Responsibilities

'- Spearhead the CMS Operations for corporate customers including Escrow and Capital market activities, Nodal account operations, Exchange FD, ASBA and Government Business

  • Vetting customer agreements, safeguarding the bank with clauses which may have legal implications, understanding the nuances of the deal and highlighting key concerns in meeting the agreement clauses
  • Executing the transactions inline with the agreement and ensuring we comply with the clauses in the agreement, in a time bound manner and error free manner
  • Keep an eye on the external business landscape,, latest developments & best practices
  • Understands customer needs and preferences deeply, keeps customer requirements ahead of everything else and strives to create unmatched value for customers.
  • Managing the ASBA processing for IPO,NCD
  • Oversee the effectiveness of the management and the operational integrity of all operations
  • Work as an effective business partner in strategizing and driving the implementation of critical operational and regulatory practices for the bank
  • Ensure the processes and policies are compliant and streamlined within the Regulatory guidelines
  • Strategize and create roadmap for re-engineering business processes to improve customer service, enhance controls and to drive cost effectiveness and accuracy
  • Responsible for day-to-day administrative excellence in ensuring smooth functioning for CMS Operations
  • Oversee quality initiatives across operations team for optimization of processes in order to improve TAT and upgradation of SLAs
  • Employ tools such as automation and digitization to increase process efficiency
  • Budgeting and scheduling resources to ensure best utilization of manpower and manage internal housekeeping for CMS
  • Ensure accurate and timely MIS and internal reporting


Secondary Responsibilities

'- Collaboration with Business groups for implementation of new deals

  • Ensuring BCP preparedness for all the CPC Units for customer service
  • Driving the team for Cost optimization.
  • Ensuring all the BGLs are reconciled and there are no open entries to be reported to Finance


Managerial & Leadership Responsibilities

'- Training & mentoring the team members to quickly absorb the Bank's DNA on Customer First.

  • Connecting with each team member to understand their concerns which helps to maintain Staff Attrition.
  • Empowering Team Leads to make them confident to take decisions for driving the projects
  • Resolve all the Queries, Collect feedback on process change from team and take up with stakeholders.


Key Success Metrics

Cost Optimization,Nurturing Talent.

Skills

Information Technology
Senior Specialist-Escrow OperationsNot disclosed