Executive - Clearing Operations

Job Requirements

Role/ Job Title: Executive – Clearing Operations

Function/ Department: Wholesale Banking Operations

Job Purpose: Monitor and execute payment process. Verify all transactions have been executed in a timely and accurate manner.

Roles & Responsibilities:

•Should understand Regulatory and Banking environment

•Basic Know how of CTS Function

•Ensure all clearing (Inward, Outward, Returns) and NAC Destination mandates / transactions are managed and processed within agreed TAT.

•Responsible for monitoring reconciliation and ageing of all suspense accounts on a timely basis

•Responsible for error free operations

•Nil Regulatory penalties

•Require basic relationship building skills to maintain effective relationships with Internal and External Stake holders

•Responsible for handling clearing related Vendors, monitor SLAs for Vendor and other clearing products

•Responsible for timely updation and submission of MIS and reporting of all clearing products

•Responsible for coordination with internal and external stake holders and Member Banks

Educational Qualification: Any Graduate or Postgraduate

Experience: 0 to 3 years preferably in Banking Industry