Job description
Principal Responsibilities:• Process and validate Inward/Outward Foreign Remittances, Overseas Direct Investments (ODI), and Foreign Direct Investments (FDI), including document verification, monitoring, and follow-up in accordance with FEMA regulations and Bank guidelines.• Ensure full compliance with FEMA provisions and applicable statutes, Reserve Bank of India guidelines, internal procedures, Head Office directives, and international trade frameworks including UCPDC, ISBP, URR, and URC.• Maintain thorough knowledge of capital account transactions (such as purchase/sale of shares) and manage their reporting on the FIRMS and OID portals.• Perform Nostro account reconciliation and conduct timely follow-ups on outstanding items.• Prepare and submit regulatory returns to the Reserve Bank of India, Income Tax authorities, and Head Office within stipulated deadlines (e.g., DRI, CBWT, R-Return, Form 147).• Manage the full account lifecycle — including opening, amendment, and closure — while serving as custodian of original account opening documentation.• Maintain and update customer signatures in the designated signature management tool (SPART) as per the details provided by the client in their Board Resolution.• Coordinate and liaise with internal departments to facilitate smooth day-to-day banking operations.• Ensure proper documentation, filing, scanning, and systematic archiving of all processed transactions.• Processing of Fixed Deposit transactions.• Oversee and monitor the SharePoint platform for operational use.• Manage cheque book issuance and handle inward/outward clearing processing.• Execute domestic and cross-border remittances via RTGS, NEFT, IMPS, UPI, NACH, Demand Drafts, and Cashier Cheques.• Oversee the management and safekeeping of physical cash.• Handle TDS payments on customer deposits, as well as client-related obligations including Custom Duty, Professional Tax, and TDS.• Provide comprehensive operational support to the Bank, its customers, and all commercial and other business lines.• Proficient in Microsoft Excel, with the ability to manage and analyze operational data, prepare reports using advanced Excel functions.• Ensure the delivery of adequate and efficient operational services at all times. Other Activities:• Exercise delegated authorities in accordance with the Bank's Internal Delegation of Powers framework.• Undertake any additional responsibilities assigned by the Manager, Head of Operations and COO.
