Managing Director/Chief Executive Officer - Co-operative Bank, Mumbai
Job Description:
Executive Leadership and Strategic Direction
- Formulate and articulate the bank's strategic vision and mission in accordance with the Board's directives.
- Establish comprehensive long-term and short-term strategic objectives to fulfill organizational mandates.
- Oversee the bank's financial performance, implementing strategic adjustments as required.
- Deliver periodic and detailed performance reports to the Board, highlighting progress on strategic initiatives
Financial Stewardship and Risk Governance
- Direct the attainment of financial objectives, including profitability, sustainable growth, and shareholder value enhancement via ongoing performance assessments.
- Guide strategic business development initiatives with keen awareness of market dynamics and competitive positioning.
- Monitor and manage asset quality vigilantly, focusing on non-performing assets and potential credit exposures.
- Conduct regular risk assessments, implement mitigation strategies, and ensure frequent evaluation of the enterprise risk framework.
- Engage with premier clients to reinforce the bank's reputation and market insights.
- Champion innovation and customer-centric product development to enhance service delivery and satisfaction
Operational Excellence and Technological Advancement
- Spearhead transformative initiatives in operations emphasizing digital banking, technology infrastructure advancement, cybersecurity, and cost-efficiency improvements.
- Regularly evaluate and refine operational processes to optimize customer experience and minimize operational expenses.
- Ensure adherence to industry-leading turnaround times through systematic process reengineering and automation
Regulatory Compliance and Governance Oversight
- Ensure unwavering adherence to all applicable banking laws and regulatory frameworks.
- Maintain active liaison with regulatory bodies, including the Reserve Bank of India, ensuring timely and accurate compliance reporting.
- Remain fully informed of regulatory developments and incorporate necessary changes promptly.
- Embed a rigorous compliance culture supported by robust control mechanisms and ethical standards.
- Facilitate continuous communication with the Board, ensuring complete governance compliance and supporting all Board Committees effectively.
- Obtain and review independent audit feedback to validate control environments and compliance effectiveness.
Talent Management and Organizational Development
- Build and sustain an executive leadership team of exceptional caliber through strategic recruitment and talent development.
- Provide inspirational leadership, mentoring, and performance management to cultivate a high-achievement and positive organizational culture.
- Promote a collaborative environment fostering teamwork, innovation, and continuous improvement.
- Implement formal feedback mechanisms to support employee growth and accountability
External Relations, Stakeholder Engagement, and Corporate Social Responsibility
- Develop and maintain robust relationships with key stakeholders including investors, customers, employees, and community partners.
- Represent the bank authoritatively at industry forums, conferences, and community engagements.
- Ensure transparent and consistent communication with stakeholders on the bank's performance and strategic direction.
- Lead corporate social responsibility initiatives and community development programs.
- Oversee public relations activities to sustain and enhance the bank's corporate image
Required Qualifications
- Chartered Accountant / Cost Accountant / MBA
- CAIIB / Diploma in Banking and Finance / Diploma in Co-operative Business Management or its equivalent
Professional Experience
A minimum of 25 years of senior leadership experience in the banking or financial services sector.