Hiring for a growing bank Position Purpose Head - CMS Operations, Clearing, Currency Chest and Electronic Transactions is a pivotal role in instituting, execution and strengthening of the Clearing and Cash Management framework of the Bank. The incumbent would also be responsible to drive various process improvement initiatives in Operations. This position is critical in scaling and up-gradation of CMS, Payment & clearing operations of the bank in line with its business growth &amp; geographic footprint. The scope would include managing Cash management operations, Currency Chests, Electronic transaction processing and clearing operations for the bank and providing oversight on functioning of Payment Operations processes, identifying improvement areas and implementing adequate measures to maximize customer satisfaction level. Key Responsibilities - 1. Develops, implements and continually reviews guidelines and operational procedures on CMS Ops, Clearing, Currency Chest and Electronic Txns Operations to enhance operational efficiency, cost effectiveness, the level and standard of service and compliance with regulatory requirements 2. Ensures that the Banks processes and procedures for the transfer of funds and remittances, clearing and cash management are effectively executed within risk management objectives and in line with banking best practice, Achieve 100% STP for NEFT &amp; RTGS 3. Working with business and technology team on the implementation and upgrade of Cash management payment system for bank. Extending a high quality solution for the Payment Product Customization and Complex deals, Facilitate Process improvement initiatives. 4. Implementing MIS Reporting System and various other business reports to provide feedback to top management on financial performance, fund management, profitability, etc 5. Participates in the selection and development of staff including mentoring and performance evaluation. In addition, reviews recommendations of subordinate managerial and supervisory staff; provides guidance in resolving complex or sensitive problems; and maintains and promotes positive employee relations in the work environment 6. Assessment and management of operational risks associated with CMS Ops, Clearing, Currency Chest and Electronic Txns processes and related system. 7. Management of centralized and standalone clearing functions for all clearing zone. Drive automation and standardization of clearing functions, implement outsourcing and enhance productivity in clearing significantly 8. Instituting a robust policy framework on CMS Ops, Clearing, Currency Chest and Electronic Txns procedures across clearing hubs for the bank 9. People Management - Managing the team handling Payments and Clearing - Responsible for maintaining the requisite manpower numbers as per the approved business plan - Ensure Team productivity and efficiency 10. Ensuring 100% adherence to SOPs - Ensure 100% adherence to SOPs well within the bank and regulatory guidelines - Identify and develop process improvements - Be abreast with changes and developments on process front in competition and align internal processes to keep service excellence at the core - Monitoring and ensuring timely resolution of all Audit queries - Ensuring timely resolution of customer complaints 11. Training of the team - Regular training and development of team with regards to process developments and improvements - Training branches on clearing - Training of clearing team. - Training for Electronic transactions 12. Drafting the Business Continuity plan for the team - Management and ensuring timely testing for Business Continuity plan 13. Vendor Management - Ensure vendor management - Ensure timely payout to the vendors 14. Process enhancements - Ensuring all process changes are incorporated in the SOP. - Identifying innovations - Ensuring regulatory compliances - Timely response to Audit queries 15. MIS and analysis - Ensure timely MIS is published to the relevant stakeholders and Business head for timely reviews Shruthi Acharya Skillventory

Mumbai

Head - CMS Operations/Clearing/Currency Chest & Electronic Transactions 

Head - CMS Operations/Clearing/Currency Chest & Electronic Transactions  ,Job Description for Head - CMS Operations/Clearing/Currency Chest & Electronic Transactions  in Skillventory in  Mumbai for (15-20) years of experience. Apply Now!

Job Description for Head - CMS Operations/Clearing/Currency Chest & Electronic Transactions  in Skillventory in  Mumbai for (15-20) years of experience. Apply Now!