Officer, Specialist, Operations, Trns Svcs-Trade Operations, Corporate Banking, COO

China, Beijing Branch; Mumbai; On-site; INR 600,000 - 1,200,000; Full time

Job summary

DBS Bank Mumbai is seeking a meticulous Operations professional to manage A2 remittance processing in line with FEMA guidelines. The role emphasizes accuracy, risk awareness, and proficiency with banking systems to support cross-border remittance flows.

You will prepare MIS reports like R-return and cross-border remittance reports, and contribute to improving turnaround times while maintaining compliance. Location is Mumbai, full-time on-site in Group Operations.

Qualifications

• Awareness of basic FEMA guidelines related to A2 remittances.
• Knowledge of reporting applicable transactions under LRS and NRO.
• Understanding of other remittance facilities and miscellaneous remittances.
• Strong attention to detail and ability to work with accuracy.
• Excellent analytical and problem-solving skills.
• Proficient in using relevant banking and financial systems.

Responsibilities

• Process and scrutinize A2 remittances as per the applicable FEMA guidelines.
• Prepare and submit various MIS reports such as R-return and cross-border remittance reports.
• Demonstrate knowledge of reporting applicable transactions under LRS and NRO accounts.
• Assist with other remittance facilities and miscellaneous remittances.

Skills

FEMA guidelines

LRS/NRO reporting

Remittance facilities

Attention to detail

Analytical skills

Banking systems

Job description

Business Function

Group Operations enables and empowers the bank with an efficient, nimble, and resilient infrastructure through a strategic focus on productivity, quality & control, technology, people capability and innovation. In Group Operations, we manage the majority of the Bank's operational processes and inspire to delight our business partners through our multiple banking delivery channels. As an Operations Department, we embrace and reinforce the strong PRIDE! culture that is built up in DBS. This is done through strategic focus on training and improving staff capability, empowerment, productivity, teamwork, innovation & technology, managing operational risks & strongly collaborating with our business partners in delivering excellent RED service to our customers.

Responsibilities

• Process and scrutinize A2 remittances as per the applicable FEMA guidelines
• Prepare and submit various MIS reports such as R-return and cross-border remittance reports
• Demonstrate knowledge of reporting applicable transactions under LRS (Liberalized Remittance Scheme) and NRO (Non-Resident Ordinary) accounts
• Assist with other remittance facilities and miscellaneous remittances

Requirements

• Awareness of basic FEMA guidelines related to A2 remittances
• Knowledge of reporting applicable transactions under LRS and NRO
• Understanding of other remittance facilities and miscellaneous remittances
• Strong attention to detail and ability to work with accuracy
• Excellent analytical and problem-solving skills
• Proficient in using relevant banking and financial systems

We offer a competitive salary and benefits package and the professional advantages of a dynamic environment that supports your development and recognises your achievements.

Location: Mumbai

Job: Operations

Schedule: Regular

Employee Status: Full time