Cash Operations & Payments - Remittances

DBS Bank Ltd; Gandhinagar; On-site; INR 600,000 - 900,000; Full time

Job summary

DBS Bank Ltd in Gandhinagar, India, seeks a Cash Operations professional to monitor outward remittances (A2 payments, LRS) and inward payments for the IBU, ensuring compliance and timely execution.

You will authorize account openings, review CIF creation, update static data, resolve reconciliation breaks, oversee Nostro reconciliations, and support risk and process improvements in the Cash Operations vertical.

Responsibilities

• Monitor outward remittances, including A2 payments and LRS transactions, ensuring compliance and timely execution.
• Process inward payment transactions for the International Banking Unit (IBU) with accuracy and strong controls.
• Authorize account openings and customer onboarding, review CIF creation and maintenance.
• Authorize static data updates in banking systems, ensuring data integrity and adherence to reconciliation policies.
• Oversee Nostro account reconciliation, monitor risks, and drive process improvements.
• Ensure compliance with operational risk, regulatory requirements, and monitor KPIs and KRIs within Cash Operations.

Job description

Job description

• Monitor and process outward remittances, including A2 payments and Liberalised Remittance Scheme (LRS) transactions, in compliance with regulatory and internal guidelines. Process inward payment transactions for the International Banking Unit (IBU).
• Ensure timely and accurate execution of payment instructions while maintaining operational controls. Investigate and resolve payment-related exceptions, queries, and transaction issues.
• Authorize account opening activities and customer onboarding processes. Review and approve CIF (Customer Information File) creation and maintenance.
• Authorize static data updates in banking systems while ensuring data integrity and compliance with internal controls. Ensure adherence to reconciliation policies, procedures, and regulatory requirements. Identify, investigate, and resolve reconciliation breaks within prescribed timelines.
• Monitor operational risks and implement corrective actions to strengthen controls. Perform oversight of Nostro account reconciliation activities. Drive process improvement initiatives to enhance efficiency, accuracy, and customer experience.
• Ensure adherence to operational risk, compliance, audit, and regulatory requirements. Monitor and maintain Key Performance Indicators (KPIs) and Key Risk Indicators (KRIs) in line with organizational standards. Support implementation of Group-level initiatives and ensure alignment within the Cash Operations vertical.