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Banking Operations Associate

1-3 years

₹ 1.82 - 5.15L/yr (AmbitionBox estimate)

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This is an estimate of the average salary range for this position. It has not been reviewed by the company, and the actual salary may differ.

Chennai

Banking Operations Associate

Accenture

posted 28d ago

Job Description




Skill required:
Commercial Banking Operations - Core Banking


Designation:
Banking Operations Associate


Qualifications:
Any Graduation


Years of Experience:
1 to 3 years


What would you do?
We help clients address quality and productivity issues, keep pace with customer expectations, navigate regulatory and operational pressures and ensure business sustainability by transforming their banking operations into an agile, resilient operating model.The Corporate banking /Wholesale banking team is responsible for helping clients and organizations processes trade finance transactions by providing superior service delivery to trade customers whilst safeguarding the bank from risks associated with this business.In this team, you will help in providing universal banking functionality to banks. With a focus on product strategy and a global market presence. This team will help in providing solutions to customers on industry-accepted platforms and Lead Product Managers to build an ecosystem of products and assets around these platforms namely Bancs, Finacle, Finastra, Pega, nCino.


What are we looking for?
Candidate will be working in our Financial Services, Banking, Insurance, and Capital Market verticals to help clients with their operations & investment portfolios. Candidate will be part of the Lending Operations team which prepares retail credit proposals, conducts pre-analysis, do dupe checks, data entry, customer point verifications (CPV), and review income documents in line with the client credit policy, procedures, and turnaround times. Candidate will be working on Wholesale Lending which is a debt-based funding arrangement between a business and a financial institution. In this role the expectation is to work on Loan preparation, setup, booking, funding, documentation, collateral maintenance, equipment finance, or specialty finance & insurance
  • Good oral and written communication is must since the process requires sending emails to internal & external stakeholders
  • Responsible for driving the Commercial Banking Loan Operations like Loan Booking services and booking a new customer in the client systems through Straight Through Processing (STP)
  • Performs complex and varied transaction / assignments in the client systems
  • Should work with minimal supervision and should mentor New Associates
  • Should support an expensive array of products / services
  • Demonstrates technical / administrative expertise in banking domain
  • Applies specialized functional area skills and basic knowledge including underlying professional/technical principles or standards, which are well defined.
  • Understand the end-to-end Loan servicing cycle and have adequate controls in the process
  • Hands on experience in setup loans in different applications will be an added advantage
  • Manage to perform Processor & Reviewer role based on business demands
  • Analyze recurring issues and assist in developing process improvements
  • Monitoring status of aged items and monitor it closely till its delivered to client
  • Moderate / excellent understanding of Banking on Loan processing / operations
  • Validate the loan information updated in the client application from the loan documents (Deed of Trust / Promissory note)
  • Validate the loan level information between the documents and the loan booking system for accuracy & compliance
  • Organize the documents as per the manual
  • Process to gather all the necessary information to properly complete a loan closing package
  • Manage multiple Loan Servicing requests from client within the stringent timeline
  • Mainta

    Roles and Responsibilities:
  • In this role you are required to solve routine problems, largely through precedent and referral to general guidelines
  • Your expected interactions are within your own team and direct supervisor
  • You will be provided detailed to moderate level of instruction on daily work tasks and detailed instruction on new assignments
  • The decisions that you make would impact your own work
  • You will be an individual contributor as a part of a team, with a predetermined, focused scope of work
  • Please note that this role may require you to work in rotational shifts

     
    Qualifications
     

    Any Graduation

  • Employment Type: Full Time, Permanent

    Read full job description

    Accenture Interview Questions & Tips

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    Q1. If insurance premium is paid for an entire year 1st January to 31st December and books get close on 31st March, what will be the accounting ... read more
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    What people at Accenture are saying

    4.0
     Rating based on 30 Banking Operations Associate reviews

    Likes

    I have been working in Accenture (non IT) for almost 4 years. Its a good place when you get good colleagues and not more.Some managers are helpful,you can enjoy when the project goes smoothly.They provide 2 ways cabs for everyone. It's good to the people who got into Accenture with experience.

    • Job security - Excellent
    Dislikes

    1. You gonna work alot but can't earn when you joined as a fresher , base pay is too low around 11k take home and basic hike will be 5 - 10% sometime 0% 2. If you are in pilot process you will die as the lead will pressure you. 3. They gonna give shift like anything, rotational, early morning, night and *no shift allowance at all* 4...Read More

    • Salary - Poor
    • +4 more
    Read 30 Banking Operations Associate reviews

    Banking Operations Associate salary at Accenture

    reported by 512 employees
    ₹1.5 L/yr - ₹6.6 L/yr
    At par with the average Banking Operations Associate Salary in India
    View more details

    What Accenture employees are saying about work life

    based on 56.6k employees
    65%
    85%
    67%
    75%
    Flexible timing
    Monday to Friday
    No travel
    Day Shift
    View more insights

    Accenture Benefits

    Free Transport
    Cafeteria
    Work From Home
    Gymnasium
    Health Insurance
    Soft Skill Training +6 more
    View more benefits

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