Job Description

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Job Title xefxbfxbd Senior Specialist xefxbfxbd Reconciliation & Settlement
Place of work - Mumbai
Business Unit xefxbfxbd Retail Banking
Function xefxbfxbd Operations xefxbfxbd Reconciliation & Settlement
Job Purpose:
The role bearer has the responsibility spearhead reconciliation & settlement acitivities of bank and customer accounts on a regular basis. It includes collaborating with respective stakeholders to ensure adherence to processes and prepare status reports. The role holder is expected to oversee workload of team members and ensure timely completion of reconciliation & settlement of all assigned projects as per defined timelines. Interacting regularly with clients, understand their requirements and provide reports to senior management for making decisions as per the larger objectives of the bank.
Roles & Responsibilities:
xefxbfxbd Responsible for timely completion of reconciliation of all assigned projects as per defined timelines
xefxbfxbd Govern supporting documentation for reconciliations
xefxbfxbd Ensure processing of rectification entries
xefxbfxbd Handle field queries / guide field personnel on reconciliation requirements
xefxbfxbd Develop understanding of related processes and inter-dependability between teams, have broad understanding of underlying data structures
xefxbfxbd Ensure minimal losses for the department and submit items that needs to be written off within each financial year
xefxbfxbd Interact with clients as and when required and submit necessary statements
xefxbfxbd Review and improve reconciliation process and SOPs
xefxbfxbd Comply with regulatory requirements and internal guidelines
xefxbfxbd Contribute to the implementation of operational permanent control policies and procedures in day-to-day business activities, such as Control Plan
xefxbfxbd Minimizing operational failure, including but not exclusively, the risk of fraud, by helping to devise, and by implementing, sufficient regular controls
xefxbfxbd Liaise with RMs, traders, Finance & Control and colleagues of other support units to provide high quality of service to customers
xefxbfxbd Preparing daily, fortnightly, monthly and quarterly MIS reports as required by Top Management
xefxbfxbd Recommend improvements to processes and policies across the Banking business to drive operational efficiencies and high quality customer service
xefxbfxbd Leverage in-house synergies through collaboration with internal stakeholders
xefxbfxbd Stay abreast with global market trends and competitor strategies in key markets
Managerial & Leadership Responsibilities:
xefxbfxbd Attract and retain best-in-class talent for key roles in their reporting structure
Educational Qualifications:
Graduate - Any
Postgraduate xefxbfxbd Any
Experience:
12+ Years