Roles and Responsibilities
Assisting AGM-IBD in conducting in taking monthly review of forex business and placing the note before Board for information
Renewal of Annual Maintenance of Swift.
Representing the Bank in any meeting with RBI/FEDAI on forex matters in the absence of AGM-IBD
Check updated list of individuals/entities related to Financial Terrorism transactions as circulated by RBI and ensure that such accounts are not opened by the bank and informing Forex dep’t.
Assisting the AGM-IBD in developing of Correspondent relationship as warranted by the business growth and maintaining cordial relationship.
Accompanying AGM-IBD in meeting the foreign correspondents delegates during their visit to our office, discussing and exploring the possibilities of enhancing the mutual business interest.
Preparation of information relating to cash and suspicious transactions and all transactions involving receipts by non-profit organisations of value more than INR One Million or its equivalent in foreign currency for reporting to The Director, Financial Intelligence Unit-India (FIU-IND), Delhi
Sending nominations for external training and obtaining of the report on the inputs and benefits derived from the training in consultation with AGM-IBD.
Drafting of guidelines/circulars to forex dep’t on the basis RBI directives/circulars received from time to time for final approval of IBD Head.
Calculation of Interest on FCNR deposits on monthly basis as per the directives of RBI in consultation with the AGM-IBD and Treasury Head/Forex dealer.
Ensuring the fixation of interest rates on NRO/NRE accounts in line with RBI directives each time the domestic rates are revised by the bank.
Assisting AGM-IBD in organising and monitoring of NRI deposit mobilisation drive twice a year to boost NRI portfolio of the Bank and follow-up with branches.
Responsible for maintenance of website of the Bank from International Business point of view and to ensure Updations regularly, especially whenever interest rates are revised
Placing for approval before AGM-IBD, the application for Trade Credit and Advance payment against Imports as provided in the International Business Policy approved by the Board.
Support to the branches and forex dep’t on any forex matters
Be part of the monthly meeting with the Concurrent Auditors along with IBD Head to discuss their observations on the functioning of the dep’t. Monthly Concurrent reports of the forex dep’t to be studied along with the compliance by the dep’t and it’s acceptability in the light of various rules and guidelines and reporting the same to IBD Head. Ensuring the timely submission of various statutory returns to RBI and other authorities and placing the note for information of the Board on submission.
Preparation of periodical forex business MIS before Board for information both as per statutory requirements and internal needs.
Salary: 10,00,000 - 16,00,000 P.A.
Employment Type:Full Time, Permanent
UG:Graduation Not Required
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