Opening - Payment VBMS New Queue

Job Description

Roles and Responsibilities Greetings from Forret India.!!we are a placement firm based in India and we have good exposure in the international Market.As discussed, kindly find the below job opening: LOCATION : MumbaiIn one of the leading Bank Job Purpose: To comply with the mandate laid down by the senior management for the creation of a newqueue in Payment VBMS for validating outsource vendor payments before release to the vendor.Job Responsibilities(JR) : 6 8 Areas Actionable (4-6)Verification of payments pertaining to theoutsource vendors Verification of agreements to validate the dataflowing into the new Queue for the authoriser. Creation of a master database capturing thevarious validations mentioned on the agreement. Coordinating with the respective teams for anyclarifications on the vendor invoice / agreement. Second level check in the new Queue to review thefirst level check and release the payment.Checking the base data pertaining to theoutsource vendors Verification of back-end data from respectivesource systems to validate the invoice raised by theoutsource vendor. Checking the correctness of the invoice raised bythe outsource vendor using the back-end datagenerated from the Bank s systems. Coordinating with the respective teams in case ofany discrepancy. Obtaining requisite details in case of anydiscrepancy from the respective teams. Ensure necessary exception approval in place if thesame is not in line with agreements signed withvendor.Meetings with various Business / ProductTeams Meeting various business / product teams tounderstand the functioning of the business. Understanding the current checks / controls /validations undertaken by the respective business /product teams. Implement new checks / measures / validations asClassification -InternalClassification -Internaldeemed necessary after reviewing the currentflow.Ensuring smooth operations from Staff andInter-departmental delivery perspective Create processing capabilities commensurate withthe business needs and to ensure strict complianceof all regulatory guidelines and internal proceduresand processes. The objective would be to ensure a zero defectprocessing and keeping the complaints andgrievances to Nil or minimal.TAT for processing of vendor bills Ensuring that laid down TAT for processing ofvendor bills is met at all points of time and there isno exception whatsoever. Managing the new queue to ensure that theinputters process the bills and the same getsauthorized within the laid down timelines.Updating new agreements Coordinating with respective teams for any newoutsource vendors being on-boarded. Obtaining requisite details like agreements fromthe respective teams for updating the same in themaster database.Carrying out UAT for system enhancements Coordinating with BTG for any systemenhancements wherever required. Carrying out UAT for any system enhancementsdone in the new Queue. Coordinating with BTG to address any observationsidentified during UAT.Support to the respective stakeholders. Responding to the various queries raised by thestakeholders like outsource vendors / RelationshipManagers / branches etc..Other Activities Front end maintenance in new Queue. Coordinating with Payment Ops / other teams forquery resolution / ensuring payment within TAT. --Revert back with updated CV and following details, if interested.Current Location:Current Organization:Designation:Total Experience :Current CTC :Expected CTC :Notice Period :Reason for Change: Thanks & Regards, Krishna Bhatty Resource SpecialistEmail:hidden_email Website:www.forretindia.comCall:(+91) hidden_mobile ,

Keyskills :
uatbtgvendor paymentsregulatory guidelinessenior management