01Overview
Support in execution of strategic vision for the IFSC Banking Unit in alignment with the bank's objectives. Ensure adherence to IFSC Banking Unit business plan, strategic objectives, and goals. Undertakes initial evaluation/discussion/reviewing Term Sheet / CAMs and providing inputs on facility & security structure, vetting operational, legal, regulatory and credit policy related aspects. Engage with concurrent, statutory/tax/IFSCA/ other external auditors and work towards resolution on queries related to the matters of IBU. Extend support in drafting/review of IBU specific policies. Work on various project implementations as per the regulatory prescriptions and bank induced system developments. Involve in interactions with regulators and participation in discussions with other IFSC units on new developments at IFSC including on new regulatory enablers. Review of new and existing IBU product notes, frameworks, annual review of internal policies in consultation with internal stakeholders. Involves and co-ordinates with Stressed Asset Management team for necessary documentation/ filing with EOW/other investigating agencies and participate in meetings and providing responses to them. Support business development and achieving the targets fixed for the Branch. Support Operations/product team in implementing product process guidelines (UAT testing of system/Re-KYC process guidelines/client engagement for queries/complaint resolutions among others). Closely work with compliance team on implementation/review of regulatorily prescribed policies/product enablers (Compliance/Governance framework/KYC-AML policies/Internet Banking Services and any product policies among others). Closely work with product teams/clients on technology/interest rate benchmark migrations/system optimization among others. Attend and respond to yearly external tax audits/monthly concurrent audits and internal audit functions for early closure of open audit points. To Undertake initial evaluation/discussion/remain fully involved in all critical credit proposals right from the initial discussions stage to final disbursement stage covering various aspects viz. loan structuring, legal / regulatory requirement related support, credit sanctioning process, treasury and other hedging requirements. Assessment of loan syndication loan requirements, end-use / post disbursement monitoring and other activities as applicable in line with the credit policy/process framework of Bank/IBU. Ensure implementation of all branch process and policies as per guidelines. Oversee reconciliation of all suspense accounts / nostro balances and unreconciled entries. Oversee the status of overdue principle, interest and fee payments. Ensure adequate balances in nostro and timely closure of deferrals. Analysis of Branch Financial Statements on a quarterly/yearly basis/scrutinizing various accounting entries for proper reporting of financials at various forums internally (to Board / GB) and externally (to regulators). Monitoring of operational costs of Branch, NIM and profitability aspects in line with Budget allocation. To ensure smooth conduct of the branch operations. Proactively raise the alert for frauds or integrity issues observed with customer or employee. To conduct Branch operations as per the laid down process and guidelines. To observe potential loss events or operational errors and steps to be taken to mitigate. Participate in recruitment activities and ensure retention / deepen engagement with the team. Ably build a team who can serve as a fully fungible back up to other desks. Ensure productivity and balancing of extra work load effectively during volume spikes without impacting customer service. Impart knowledge on IBU product policies. Set performance objectives and provide regular feedback & guidance. Impart training to various business groups on IBU product propositions to build awareness on IBU product policies. Closely work with compliance team on implementation of various regulatorily prescribed policies/product enablers. Support Operations/product team in implementing new product processes, preparation of PPAC notes/review/ attend PPAC Meetings. Ensure that the product process notes for IBU are timely reviewed. Ensure the monthly/yearly performance reports of the Branch are submitted to SEZ authorities. Track and ensure that all compliances in relation to the SEZ guidelines are complied to. .
