Clearing & Settlement (C & S):fi & Gb

2 months ago

Mumbai Maharashtra, India Axis Bank Full time

**Clearing & Settlement (C & S):FI & GB**

**INTERNAL USAGE**:
**No. of Vacancies**:
**Reports to**:

- AVP**Is a Team leader?**
- Y/N**Team Size**:
**Grade**:

- Officer/AM/DM**Business**:

- Retail Operation**Department**:- C & S**Sub **Department**:

- C & S**Location**:

- Airoli**Clearing & Settlement (C & S)**
- The Centralized Reconciliation and settlement team look after all the major parts of the reconciliation of the bank related to Government Business, Merchant Payments, ATM
- s and networking settlements. They also manage all the disputes related to ATMs and recycler machines by following up with vendors within given timelines and as per RBI guidelines. They are responsible for resolving all the queries, requests and complaints related to Government Business i.e., NPS, APY, RBI agency reporting under which all ministries payments & Receipts. They also manage the recon of PPF, Sukanya Samrudhi, Pensions related to Government sectors..**About the Role**

The team is responsible for ensuring that the RBI Agency Reporting is done within the TAT, NPS & APY remittance to PFRDA and for the tax collections reports to CBDT**Key Responsibilities
- Responsible for Office Accounts Status, EGRC and open audit observations.
- Ensure team members overall training and back-ups for all process within the team
- Overall training and back-ups for all processes
- Responsible for escalation handling, complaint resolution/ redressal and for monitoring government business operations, financial inclusion and TDS process for term deposits domestic and non-residents
- Review Process Functioning within regulatory TAT and guidelines and ensure 100% TAT adherence for compliance of the GBG payments and reporting within the prescribed time-frames.
- Drive process automation in various products

**Qualifications
Optimal qualification for success on the job is:

- Graduate/ MBA preferred
- Additional Certificate course related to Banking sector

6-10 years of experience in the BFSI sector

**Role Proficiencies:
- Knowledge of banking products and services
- Knowledge of regulatory guidelines and norms
- Good communication (both verbal and written) skill in both English and the local language
- Ability to manage complex client situations
- Ability to manage risk and uncertainty for self and team within a dynamic priority-setting environment
- Ability to handle pressure and meet deadlines

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