IDFC Group - Vice President - Retail Asset Operations

Position Code: 00001023

Business Unit: Operations

Job Title: Vice President

No. of Position: 1

Grade: MM1

Reporting to Avtar Monga

Location: Mumbai

Desired Profile:

- Possess minimum 7 years total experience in Operations with atleast 3-5 years particularly in Retail Asset Operations

Skills:

- Independent Thinking: Ability to think independently and without supervision to deliver on organizational goals & objectives

- Innovativeness: Ability to think laterally and develop solutions

- Communications Skills: Ability to communicate clearly, decisively, across levels is required

- Decisiveness: The right candidate shall demonstrate good logical / analytical skills backed by data and gut feel to lead the organization towards its objectives

Key Accountabilities:

The candidate is expected to help setting up the Retail Asset Operations by working closely with all stakeholders. This involves:

- Drafting a blueprint for setting up of Retail Asset Operations and defining the process for

- Documentation Requirement across products

- Data Entry, Validation and Disbursement across Systems

- Processes to deal with Distribution Channel of the Bank

- Query Management across Distribution Channel

- Processes to check mi-selling across the bank

- Processes to update branches on new processes, procedures

- Contribute to new product development

- Ensure Comprehensive Documentation, Storage, safekeeping of files

- Underwriting Checks & Controls across products

- PDC Safekeeping, ECS Registration & Triggering Collections across Products

- Processes associated with maturity, ceasing, seizure and disposal of assets

- Partner / Vendor Management

- Client / Business Queries & Processes

- Continuous evaluation of Processes with a focus on bringing in improvement

- Interactions with Consumer Banking focused on improving the control environment and improving on TAT's

- Contribute to drafting policies for regular monitoring and reviewing existing systems and procedures and design internal controls /quality audit checks for various processes

- Ensuring the processes and policies are compliant and streamlined within the Regulatory Guidelines

- Production of various MIS / Analytics / Dashboard for review with Senior Management & Business

- Working with all Partners / Vendors so selected to maintain risk & control

- During the setup stage of the bank, create processes in line with the overall organizations objective by regular interactions with business and allied functions

- Ensuring that the Operations are run at a level of Cost, Accuracy, Efficiency, Customer Delight in line with Organizational Objectives

- Develop a BCP / DR Framework and continuously improve upon it

- Ability to look at obstacles / problems as challenges and develop innovative solutions.

Industry Preference: Bank