Executive - Clearing Operations

Job summary

The executive is responsible for monitoring and executing payment processes while ensuring all clearing transactions are managed within agreed timelines. They must also handle reconciliation of suspense accounts and maintain effective coordination with internal and external stakeholders.

Job details

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

What you’ll do

The executive is responsible for monitoring and executing payment processes while ensuring all clearing transactions are managed within agreed timelines. They must also handle reconciliation of suspense accounts and maintain effective coordination with internal and external stakeholders.

Requirements

Candidates should have a degree and up to 3 years of experience, preferably within the banking industry. A solid understanding of regulatory environments and basic knowledge of clearing functions are required.

Listed skills

• Regulatory Compliance · Preferred
• Payment Processing · Preferred
• Relationship Building · Preferred
• Stakeholder Management · Preferred

Other relevant skills

Identified from the job description. Confirm important requirements above.

• Clearing Operations
• Payment Processing
• Reconciliation
• Regulatory Compliance
• Banking Operations
• MIS Reporting
• Vendor Management
• Stakeholder Management
• CTS Function
• Transaction Verification
• Relationship Building
• Banking
• Management Information Systems
• Operations
• Wholesale Banking
• Coordinating

Job areas

• Finance & Accounting
• Administrative
• Operations Executive
• Operations Supervisor (General)
• Manufacturing Managers
• General and Operations Managers