Executive - Clearing Operations
IDFC FIRST Bank · Chennai
- Experience0–3 yrs
- SalaryNot disclosed
- Work modeunknown
- Levelfresher
- Posted17 Sept 2026
About IDFC FIRST Bank
IDFC FIRST Bank is hiring in Chennai in financial services. This role looks for around 0+ years of experience.
The role
A fresher Executive – Clearing Operations role at a banking company in wholesale banking operations, where you monitor and execute the payment process by verifying transactions are processed within agreed TAT and managing clearing (inward, outward, returns) and NAC destination mandates while handling reconciliation, suspense account ageing, vendor SLAs, and MIS reporting. It requires basic knowledge of the regulatory and banking environment and CTS clearing operations, plus coordination with internal and external stakeholders and member banks. Location: Chennai, Tamil Nadu, India; work mode not specified.
Full job description
Job Requirements
Role/ Job Title: Executive – Clearing Operations
Function/ Department: Wholesale Banking Operations
Job Purpose: 'Monitor and execute payment process. Verify all transactions have been executed in a timely and accurate manner.
Roles & Responsibilities:
'
Should understand Regulatory and Banking environmentBasic Know how of CTS FunctionEnsure all clearing (Inward, Outward, Returns) and NAC Destination mandates / transactions are managed and processed within agreed TAT.Responsible for monitoring reconciliation and ageing of all suspense accounts on a timely basisResponsible for error free operationsNil Regulatory penaltiesRequire basic relationship building skills to maintain effective relationships with Internal and External Stake holdersResponsible for handling clearing related Vendors, monitor SLAs for Vendor and other clearing productsResponsible for timely updation and submission of MIS and reporting of all clearing productsResponsible for coordination with internal and external stake holders and Member Banks
Educational Qualification: Any Graduate or Postgraduate
Experience: 0 to 3 years preferably in Banking Industry