Policy Manager - Vostro Accounts

V Konnect

7 - 12 years

7 - 13 Lacs

Mumbai Maharashtra India

Posted:1 day ago| Platform: Foundit logo

Apply

Skills Required

Onboarding & due diligence regulatory compliance (AML KYC) Transaction Monitoring Vostro account management risk assessment & audits

Work Mode

On-site

Job Type

Full Time

Job Description

Key Responsibilities:

Onboarding and Pre-Onboarding checks: Conduct thorough due diligence and risk assessments for new exchange houses and correspondent banks during the onboarding process. Ensure all necessary documentation and agreements are in place and compliant with the policy framework.
Post-Onboarding Monitoring: Perform regular post-onboarding reviews to ensure ongoing compliance with credit policies and regulatory requirements. Monitor transaction activities of the onboarded exchange houses and correspondent banks, identifying and addressing any deviations from established policies.
Vostro Account Monitoring: Periodically monitor and report portfolio quality on various dimensions to respective stakeholders. Identify and monitor any early warning signs related to portfolio health.
Policy Compliance: Collaborate with business, product, credit, operations, legal, compliance, technology, and audit teams. Ensure adherence to all relevant financial regulations, policy guidelines, and standards including AML and KYC requirements. Conduct portfolio reviews regularly, note actions, coordinate, and execute them.
Conduct periodic audits and reviews of exchange house transactions and vostro accounts to identify and mitigate risks while ensuring compliance with internal policies.
Prepare monthly dashboards and MIS reports for senior management and stakeholders.
Process Improvement: Identify opportunities to improve processes, ensuring accurate and thorough data is available to support high-quality analysis. Implement best practices and innovative solutions to enhance efficiency.

More Jobs at V Konnect

Credit Manager_ Business Banking_ Rural Bank_ Bilaspur / Ambikapur

Ambikapur, Bilaspur

4.0 - 9.0 yrs

INR 7 - 12 Lacs

Wealth RM_Banking_Noida

Noida, Greater Noida

4.0 - 9.0 yrs

INR 6 - 15 Lacs

Branch Manager_Rural Bank- Hansi/Narnaul/Dharuhera

Dharuhera, Hansi, Narnaul

5.0 - 10.0 yrs

INR 8 - 12 Lacs

Wealth RM_Banking_Varanasi_Agra_Allahabad_Moradabad

Varanasi, Agra, Moradabad

3.0 - 8.0 yrs

INR 5 - 11 Lacs

Treasury Sales- Corporate Segment _ BFSI_ Noida

Noida

3.0 - 8.0 yrs

INR 17 - 22 Lacs

Mock Interview

Practice Video Interview with JobPe AI

Start Job-Specific Interview

Start Your Job Search Today

Browse through a variety of job opportunities tailored to your skills and preferences. Filter by location, experience, salary, and more to find your perfect fit.