IDFC Bank Analyst Liabilities Operations
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Company Overview
IDFC FIRST Bank is one of the well-known private-sector banks in India. It came into existence after IDFC Bank and Capital First merged in 2018. It aims at being a positive agent of change and transform people’s lives by providing them class-leading, technology-enabled banking services with unprecedented convenience putting the customer ‘FIRST’ in all scenarios. It serves retail and corporate customers all over India and it provides them with diverse products which include saving accounts, granting of loans, wealth and digital banking services.
Job Overview – Analyst: Liabilities Operations
The role of an Analyst in Liabilities Operations at IDFC FIRST Bank provides an opportunity to support the retail and wholesale banking functions of the bank. This position is most applicable to individuals who like to analyze processes, work with data, and confirm processes adhere to guidelines as everything in operations runs in an orderly manner. As a team member concerning the support and the management of the liability products the bank has, you will ensure that all processes are followed to the letter.
Job Objectives
As an Analyst: Liabilities Operations, you are expected to provide operational support concerning the retail liability products of the bank, which include savings accounts, fixed deposits (FDs), and recurring deposits (RDs). The responsibilities include managing processes and analyzing data on a day-to-day basis, ensuring compliance with internal and external rules. You will work with other departments to achieve organizational objectives and work on continual process improvement.
Roles and Responsibilities
Operational Support
Oversee a portfolio of products and services, managing processes such as account opening, maintenance, and closure in line with standard operating procedures.
Reconciliation and Monitoring
Ensure requests and transactions are accurately executed and monitored in compliance with organizational governance structures.
Data Analysis
Conduct data audits to analyze and generate reports that highlight opportunities for process streamlining and aid in the submission of new products.
Governance and Compliance
Support the managers in enforcing daily governance and supervision as well as ensuring processes follow the rules.
Issue Resolution
Ensure all inquiries, concerns, and mistakes are resolved and resolved within the set time frame.
Process Improvement
Continuously work on ensuring that processes are efficient, and in case they are not, actively find ways to change them.
Education
All applicants are expected to have completed a bachelor’s degree from a reputable institution.
Experience
Applicants must have a minimum of 2 years of experience with Retail Liability Operations.
Technical Skills
Applicants must be competent with excel and ms office in general.
Soft Skills
Preference will be given to candidates with strong communication and interpersonal skills and the ability to work with precision in a fast-paced environment. Knowledge of regulatory compliance and risk management is not mandatory but would be an advantage. Previous experience in data analytics and report creation would be considered useful.
Application Process
IDFC FIRST Bank advertises the Analyst openings on the bank’s designated career webpage. The application process is entirely online. After a thorough review of the submitted application and accompanying resume, shortlisted candidates will be contacted for further steps.
Interview Process
Written Test and/or Online Assessment
This is the first stage, where candidates may be assessed on general and professional reasoning and technical skills.
Technical Interview
This interview is conducted by a hiring manager and aims at determining the candidate’s experience with liability operations, knowledge of the banking sector, and overall analytical ability.
HR Interview
This is the last interview aimed at discussing the candidate’s aspirations, behavioral profile, as well as confirming the applicant’s alignment with the company’s culture.
Salary & Compensation
The compensation for an Analyst role at IDFC FIRST Bank differs with one’s experience and location. As an industry professional, one’s expected earnings stand at somewhere between ₹20.3 lakhs to ₹50.0 lakhs annually. IDFC FIRST Bank employees could expect an average earning of around ₹25.7 lakhs a year. For this, the employee could expect a base pay alongside a performance incentives.
Work Model and Location
This role is in office, access, is highly dependent on the bank’s operational hubs in which the employee works at. For this role, it is in Thane, Maharashtra.
Applicants with Disabilities
As an inclusive employer, IDFC FIRST Bank is committed to providing equal opportunities with reasonable adjustments for applicants with disabilities at every stage of the recruitment process.
Drug and Alcohol Policy
To maintain a professional workplace environment, the bank enforces a strict guideline on workplace alcohol and drugs.
Benefits at IDFC FIRST Bank
Health and Wellness
IDFC FIRST Bank offers comprehensive medical insurance.
Financial Well-Being
IDFC FIRST Bank provides retirement-saving schemes and an array of loan benefits.
Career Development
Encouraging professional and personal development opportunities.
Work-Life Balance
An inclusive and supportive culture.
Why This Job Role?
The role of “The Analyst: Liabilities Operations” is one of the impactful positions in the core of the banking industry. It offers an opportunity to be a part of a keen learning team, understand retail banking, and support the operational excellence of the bank.
Final Comments
The role of Analyst in Liabilities Operations at IDFC FIRST Bank offers a good prospect to people who are well-versed in the banking industry. It provides an opportunity to establish a fruitful career with a customer-friendly and technology-led bank.
Final Thoughts
This is an opportunity to be part of a team that is creating an outstanding bank in India. The position allows for a quality learning experience and career advancement.
FAQs
Q: Is this position open for freshers?
A: No, this role is for candidates who have at least 2 years of experience in retail liability operations.
Q: What is the career growth for this role?
A: A successful Analyst is able to advance to Senior Analyst or Manager positions in the Liabilities Operations team or other related divisions.
Q: Where can I apply for this job?
A: Applications can be submitted in the IDFC FIRST Bank official careers page.
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