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Head Remittance Operations for a BANK in MUMBAI

Keywords / Skills : Global Remittance Operations, remittance operations, remittances, vostro, NOSTRO

10 - 18 years
Posted: 2018-02-13

Industry
Banking/ Financial Services
Function
Banking, Insurance & Financial Services
Role
Trade Finance/ Cash Mgmt Services - Head/ Mgr
Cash Management Operations
Education
Any graduate
Posted On
13th Feb 2018
Job Ref code
Head Remittance Oper
ations
Job Description
Job title: Head - Global Remittance Operations

Grade Band: VP/DVP

Location: Mumbai

BU/Function CGMO

Reports to: Head Trade & Remittance Ops

Role Details / Overall Job Description

• Must ensure all existing / new processes are compliant with the regulators / organization’s policies.

• Will be responsible to prepare / review all Remittance Ops SOP’s

• Should have experience is in preparing new process notes.

• Assess Risk in the Current Processes, identify weaknesses and provide report and recommendations to senior management.

• Report back to senior management on how effective current control systems are, as well as make recommendations on control improvement.

• To analyze the risk foreseen in new products launched.

• Partner with Risk and Audit teams by ensuring robust risk ring-fenced processes.

• Must be a team player and have good stakeholders management abilities

• Ablity to manage large teams is a must. Should have managed atleast minimum team of 20 staff

• Remote management skills for team across locations will be an advantage.

• Co-ordinate with stakeholders and revert to audit reports with timelines.

• Will be responsible for regulatory reporting within set framework.

• Working Knowledge on Remittance mechanisms such as Vostro / Nostro / Remittance Houses /

• Exchange Houses / MTSS / ADII and their respective regulatory guidelines and processes is a must

• Knowledge on Trade & its regulatory guidelines is optional

• Knowledge on various Forex systems / structures will be an advantage.



About Company

• Location – Mumbai-Andheri-East
• Present Salary/CTC (Fixed+ Variables)
• Scanned Photo -
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Head Global Remittance Operations for a BANK in MUMBAI
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