Capital Account Transactions role For a Leading Bank
4 weeks ago
Roles and Responsibilities
Key Skills
The candidate with good knowledge of FEMA regulations and RBI guidelines relating to the capital account transaction viz ODI/ECB/FDI. 3 to years of Capital account desk (FDI/ODI/ ECB/LO-BO-PO/FIRMS/ ESOP) experience commensurate with Grade applying for. Should be Able to understand the Balance Sheet of corporates. Team player and able to coordinate with Service / Coverage team and provide guidance Customer Centric with ability to provide solution with RBI guidelines. Good communication skills to be demonstrated in client and RM engagement Taking complete ownership of transaction. Ability to be firm and able to explain the RBI guidelines to client / sales team/ branches. Should be able to draft applications (with good English) for RBI approval / waivers. Excellent communication skills with Internal and External stakeholdersRole description
Able to provide solution / advisory to clients / Business Team and service team. Processing of Inward / Outward Remittances related to Capital Account Transactions. Handling RBI reporting for all capital account products viz FCGPR/FCTRS/APR etc. Maintenance of proper data for capital account transactions for all pendency. Central follow up with client / branches / business for Capital account related pendency Follow Bank's checklist and ensure abiding by all guidelines in spirit for processing Capital Account transactions. Keep updated process notes guidelines in line with any change of RBI Circular / FEMA rules and regulations. Handling Concurrent / Internal Audit and other Governance queries Close Interaction with RBI for various approvals related to Capital Account Transactions-
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