IDFC FIRST Bank
Website:
idfcfirstbank.com
Company:
https://www.linkedin.com/company/idfcfirstbank
Seniority: Not Applicable
Industries: Banking
Job details:
Job Requirements
Role/ Job Title: Product Manager-Cash Management
Function/ Department: Wholesale Banking
Job Purpose:
To develop, structure and customize Escrow Service Deals alongside provide advisory services in line with internal processes and regulatory guidelines. Develop new products according to changing customer needs & conduct research on new product development & market with regards to Escrow Product & Services
Job Responsibilities:
- Working with Regional Sales/Coverage heads& Legal/Compliance teams internally for designing customized Escrow related deals (incl. CMS solutions) for sustained Escrow Account fee income and balances.
- Liaise with regulatory and internal audit teams and ensure nil regulatory/control deviations.
- Work with Product Lead & Product Head for Cost optimization and ensure profitability of Escrow mandates.
- Benchmarking product offerings with competition and work on new-age technology to provide differentiated Escrow solutions, focused efforts to increase digital footprint by increasing CIB usage for CMS/Escrow customers.
- Handling of day-to-day transaction approvals and issues across collection and payment products.
- Work closely with Ops and IT to ensure smooth execution of various product offerings.
- Work on system development initiatives and implementation.
- Process standardization and optimization along with Operations and other stakeholders.
- Cost saves, achieve product profitability in line with defined KPI/KRA and objectives.
Educational Qualification:
Graduation - Any Graduate
Post Graduation - Any postgraduate
Experience: Minimum 4+ years of experience in handling Escrow product
Click on Apply to know more.