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 OperationsBusiness: 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
'- 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
'- 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.
Cost Optimization,Nurturing Talent.