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Associate Relationship Manager-Domestic FIG at IDFC FIRST Bank — Mumbai

Experience2–5 yrs
SalaryNot disclosed
Work modeunknown
Leveljunior
Posted18 Sept 2026

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About IDFC FIRST Bank

IDFC FIRST Bank is hiring in Mumbai in financial services. This role looks for around 2+ years of experience.

Skills

Insurance
Credit Assessment
Current Account Acquisition
Cash Management
Foreign Exchange
Structured Finance

The role

An associate relationship manager in wholesale banking serves insurance companies, acquiring current accounts and expanding institutional relationships. They prepare credit assessments, coordinate facility sanctioning, manage account lifecycles, and cross-sell cash management, foreign exchange, remittance, deposits, and structured finance solutions. Core strengths include insurance client acquisition, credit assessment, and wholesale banking relationship management, supported by account lifecycle management, foreign exchange, cash management, and structured finance.

Full job description

Job Requirements

Role/ Job Title: Associate Relationship Manager – Domestic Financial Institution Group

Business Unit: Wholesale Banking

Job Purpose:

Manage and develop DFIG client relationships within the Insurance segment, covering both Private and Public Sector Insurance companies, including LIC, with a strong focus on Current Account acquisition and growth.

Roles & Responsibilities:

Drive acquisition of NTB (New-to-Bank) Insurance clients, track account onboarding status end-to-end, and focus on building float and increasing Current Account balances across the segment.Prepare credit proposal notes and credit assessments and interface closely with the Risk team for sanctioning and monitoring fund-based and non-fund-based facilities, including Bond FRA and Subordinated Debt structures.Liaise with Risk, Legal, and Operations teams for proposal vetting, documentation, and execution to ensure seamless transaction delivery, addressing and resolving exceptions promptly.Oversee account lifecycle management, including account opening, addition/change of signatories, account modifications, and closures, ensuring quick turnaround and issue resolution.Develop and sustain strategic senior-level relationships with key stakeholders within Insurance companies to deepen IDFC FIRST Bank’s penetration and brand equity across FIG clients.Ensure consistent revenue generation and achievement of annual budgeted targets, both overall and at a product level, within the Insurance portfolio.Proactively identify opportunities to expand share of wallet by cross-selling and up-selling relevant banking products and solutions.

Offer comprehensive financial solutions to Insurance clients, including:

Cash Management ServicesForex and Remittance SolutionsSalary AccountsFixed DepositsBond FRA/ Forwards and related structured productsEnsure timely renewal of MOUs and credit notes, track competition offerings, and implement best practices to maintain competitiveness.Coordinate with internal teams to monitor transaction execution, manage operational exceptions, and ensure superior client service delivery.Generate leads for individual Savings Bank accounts of senior management from Insurance clients and facilitate conversion into Retail and Wealth relationships, in collaboration with branch and wealth teams.

Educational Qualification:

Graduate: Any graduation

Post Graduate: Any post graduation

Experience: 2-5 years of relevant work experience in handling domestic FIG