Executive - Clearing Operations
IDFC FIRST Bank · Mumbai
- Experience0–3 yrs
- SalaryNot disclosed
- Work modeonsite
- Posted29 Sept 2026
About IDFC FIRST Bank
IDFC FIRST Bank is hiring in Mumbai in financial services. This role looks for around 0+ years of experience.
Skills
- payment processing
- clearing operations
- CTS
- reconciliation
- banking regulations
- suspense account management
- vendor management
- MIS reporting
The role
A banking operations associate at a financial services company monitors payment processing, clearing operations, and reconciliation for accurate transaction handling. The role also manages CTS, suspense accounts, vendor SLAs, and regulatory banking requirements.
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