IT Project Manager

Job Description : Position: IT Project Manager Location : Visakhapatnam,Andhra Pradesh Job Type: Fulltime Project Planning & Governance Deliverables Project Charter – PM is responsible) •Defines project objectives, scope, success criteria, and key banking regulations (e.g., KYC, AML, Data Privacy). •Identifies stakeholders, governance structure, and escalation process. Detailed Project Management Plan (PMP) - PM is responsible) •Scope Management Plan – Defines features, exclusions, and scope control. •Schedule Management Plan – Includes key milestones for compliance checks, integrations, testing, and go-live. •Budget & Cost Management Plan – Tracks capital and operational expenditure, ensuring adherence to bank’s financial controls. Supported AVP PMO. •Risk & Compliance Management Plan (PM Accountable) – Identifies risks related to fraud, cybersecurity (executed by a third party vendor ), KYC/AML compliance, and operational disruptions. •Stakeholder Engagement Plan – Defines internal teams (Risk, Compliance, IT, Operations) and external vendors' engagement strategy. •Change Management Plan – Formalizes the process for regulatory or operational changes. Regulatory & Compliance Framework Documentation – PM Accountable • Ensures adherence to local banking regulations, AML/KYC guidelines, and data privacy laws. • Defines escalation and remediation procedures for regulatory breaches. Execution & Monitoring Deliverables Weekly & Monthly Status Reports - PM Responsible • Covers progress, key risks, dependencies, and vendor performance. • Highlights delays and their impact on regulatory approval and go-live. Functional & Technical Requirements Documentation - PM Accountable • Captures detailed requirements for loan application processing, credit scoring, e-KYC integration, biometric authentication, and customer onboarding workflows. • Specifies integrations with Core Banking System (CBS), credit bureaus, fraud detection systems, and regulatory reporting platforms. Integration & API Management Plan - PM Accountable • Defines API specifications for data exchange with CBS, payment gateways, and credit bureaus. • Outlines security protocols, encryption standards, and authentication mechanisms (e.g., OAuth, SAML). Vendor & Third-Party Management Reports - PM Accountable • Tracks vendor SLAs, issue resolution timelines, and compliance with data security mandates. Data Migration Strategy & Execution Plan - PM Accountable •Includes mapping of existing customer/loan data to the new system. •Ensures data accuracy, completeness, and integrity through audit logs. Testing & Quality Assurance Deliverables - PM Accountable Test Strategy & Execution Plan •Covers functional, integration, performance, security, and compliance testing. •Defines test data requirements and pass/fail criteria. Defect & Issue Resolution Reports •Tracks bugs, severity levels, and resolution timelines. •Ensures resolution before User Acceptance Testing (UAT) sign-off. User Acceptance Testing (UAT) Plan & Sign-off Reports • Formalizes test cases for bank’s business users (Loan Officers, Branch Staff, Risk & Compliance Teams). •Ensures approval before deployment to production. Implementation & Go-Live Deliverables Deployment/Implementation Plan - PM Accountable •Details go-live procedures, including rollback strategy in case of failure. •Includes contingency plans for system downtime and business continuity. Training & Knowledge Transfer Documents - PM Accountable •User manuals and process flows for branch staff, customer service teams, and credit risk teams. •Conducts training sessions with hands-on simulations. Post-Go-Live Hypercare Support Plan - PM Accountable •Defines immediate post-implementation monitoring, issue resolution, and vendor escalation. •Define Strategy to handle customer queries during the pilot of the solution •Includes system performance metrics and transaction monitoring criteria. Closure & Handover Deliverables - PM Responsible Final Project Report & Lessons Learned •Summarizes project performance, key achievements, and challenges. •Documents insights for future digital banking transformations. Regulatory Compliance Audit Report - PM Accountable •Confirms platform adherence to banking laws, AML/KYC regulations, and data protection mandates. Formal Business & IT Sign-Off - PM Responsible •Ensures full acceptance of the platform by Operations, Risk, Compliance, and IT teams before official closure. Show more Show less