Senior Processor Back Office- Mumbai

Role & responsibilities

The primary objective of the role is to manage post sanction life cycle of corporate loan in Core Banking System. The role requires active coordination and execution of the core tasks i.e. setup of limits, disbursement, rollover, loan management, computation of drawing power, income booking, reconciliation of internal accounts.

The role would involve interaction with varied stakeholders (business/credit/mid office/ policy team) to ensure that laid down processes got implemented & executed smoothly.

Operational Responsibility:

Ensure all post sanction & disbursement instructions issued by Mid-office through Disbursement Notice are captured in CBS with NIL errors

Transactions processed are as per extant internal guidelines and Bank's credit policy

All transactions are carried out in line with internal process with Nil deviations. Any deviations (if any) is carried out with adequate approvals

Ensure timely reporting of Operational Risk Event and complete RCA

Track of all open OR/audit issues

Ensure 100% recon online on daily basis and recording of the same.

Timely & accurate regulatory and internal management reporting.

Perform core activities like Limit setup, Booking of loan/ disbursement (INR & FCY), Rollover, Prepayment/liquidation, Part-payment in CBS along with setup of repayment schedule

Implementing restructuring of loans in line with sanction in CBS

Roll-over of loans, prepayment, part-payment and recovery of due/overdues

Capturing critical information related to borrower and facility so to ensure smooth and correct regulatory & internal reporting

Penal charges are levied and stopped as per instructions received from MO and as per penal SOP & implementation in line with Bank approved policies.

Limit maintenance & monitoring in CBS basis drawing power

Booking of Income (Fee/Charges/Interest) in CBS and managing

receivables

Handling of NPA, write-off accounts, OTS and recoveries thereof

Monitoring & tracking of covenants as per sanctioned condition

Preparation of report/ MIS for various internal & external reporting

Systems & Control Process:

All request received have been attended within TAT & Newgen request are closed

Logical closure of all request or query received from business or internal stakeholders.

Ensure that there are Nil write offs / P & L hits on account of operating errors. Any potential loss events observed should be reported & mitigated.

All transactions are carried out in line in CBS with internal process with Nil deviations. Any deviations (if any) is carried out with adequate approvals

System update (Core Banking Fields including UDFs) as per DN to ensure correct reporting

All regulatory fields including sensitive sector UDF, PSL classification, LDS monitoring is being done & periodical submissions is made to UH.

Monitoring of internal accounts & suspense accounts of the unit. Ensure no unidentified amount parked in internal accounts owned by the Unit.

Ensuring safe keeping of all Voucher, Customer Documents as per Process and complete DMS

Actively participate in BCP testing

Governance & Compliance Responsibility:

Read, imbibe all internal process, Credit Policy, Operational Risk policy & RBI regulations impacting post sanction activities.

NIL operational loss/Error in FY

100% correct booking of loans, income, expenses, loss as per the process uploaded over DAS

Monitoring of GL & suspense accounts of the unit. Ensure no unidentified amount parked in the GL/ internal account owned by the Unit (Recon team)

Due monitoring of exceptions and safe keeping of original documents including DMS

Support Unit & other business functions in preparation of any audit related deliverables and attend to any audit findings and resolve them immediately

HR Practices:

Attract, mentor, groom and retain talent

Adherence to HR policies released from time to time

Adherence to YES Personality guidelines & Code of Conduct

Business, Risk and other peer group's Feedbacks

Required

Relevant experience in Corporate Credit Back office Operations within BFSI (7-15 years)

Knowledge and understanding of corporate lending products, trade facilities, post sanction loan lifecycle

Clear understanding of accounting principles and reconciliation methods

Ability to handle team of processors

Think logically and laterally to solve problem

Clarity of thoughts and eye for detail

Working experience on Core Banking System (preferably Flexcube)

Essential

Strong written and verbal communication skills in English, Hindi

Well versed with MS-Office (MS-Word, MS-Excel)

Sensitive to issues of confidentially and compliance

Solution driven, strong interpersonal skills, ability to handle teams, flexibility to adapt to evolving business needs