Indian Bank Invites Application for Vertical Head Recruitment 2022

INDIAN BANK, a leading Public Sector Bank, with headquarters in Chennai having geographical presence all over India and abroad invites applications from Indian Citizens for engagement as Vertical Head for Cash Management Service on contractual basis.

1. Position: Vertical Head

2. Qualification: A Degree (Graduation) in any discipline from a University recognised by the Govt. Of India./Govt. bodies/AICTE etc. Preference shall be given to the Candidates who possess MBA /Post graduate diploma or degree in Management or its equivalent.

3. Experience: Minimum of 10 Years’ experience in BFSI Sector with 3 Years of experience at Senior / Head level position in Cash Management Business vertical.

4. Nature of Engagement: On a fixed contractual term of 3 years, extendable based on performance.

5. Termination: One month’s notice or one month’s compensation in lieu thereof.

6. Remuneration & Perquisites: Negotiable and not a limiting factor for deserving candidate. Also will be eligible for Performance Linked Variable Pay which will be over and above the Fixed Salary but linked to the achievement of specific targets.

7. Place of work: Chennai or as decided by the Bank.

8. Scope of the function as Head of Vertical: 

a) Integration of our business with cash management service to become part of a pan-India network of thousands of retailers spread in various rural and urban parts of the country.

b) Settlement of physical cash that customers have deposited on a real-time basis by quick conversion of physical cash into digital cash.

c) Establishment of dashboard for insight into information about the cash collection services and to track our business performance.

d) Adding new customers through the utility of digital transactions.

e) Digitizing and unifying the cash collection process for reducing overheads associated with manual cash collection.

f) Ensuring safety and security as digital payments are conducted over encrypted and safe mechanisms.

g) Increase collection efficiency.

h) Strategic and systematic collection to improve efficiency of collection and to provide healthy cash repayment.

9. Role and Responsibility: 

a) Develop and execute business plan for positioning the Cash Management business strategically in the target market. Own the Cash Management P&L and the Corporate deposit book and deliver on profitable growth including short- and long-term financial objectives. Develop and execute the operating model for implementation of Cash Management mandates, providing high quality on-boarding experience and accelerating revenue realization. Practice leadership in commercialization of new Cash Management.

b)  Mobilizing Corporate / Retail partners for collection services from all 3 | P a g e outlets / nodes for increase in CASA & POS points. Any other work in the scope of functioning of the respective Department.

Selection Procedure

The applications received from the candidates will be screened and shortlisted on the basis of eligibility and relevant experience.

1. The requisite number of shortlisted candidates will be called for interview for final selection.

2. The final selection will be made on the basis of eligibility, experience, qualification and performance during interaction / interview.

3. The interaction / interview will be conducted by a committee constituted for the purpose.

4. Mere satisfying the eligibility norms do not entitle a candidate to be called for interview.

5. The Bank reserves the right to reject any application not suiting the Bank’s requirements without assigning any reason whatsoever and call only the requisite number of candidates out of those who fulfill the eligibility criteria as may be required for the post.

How to Apply:

For more details, please refer to official notification at Download Official Notification