Deputy Manager

Role overview

This position supports working capital product and operations activities within wholesale and commercial banking. The role focuses on checking documentation, maintaining collateral and charge records, coordinating post-disbursement actions, and ensuring operational controls are followed accurately.

Key responsibilities

• Review fully executed legal papers against the documentation checklist issued by the legal team, along with the sanction letter or term sheet shared by business or credit.
• Ensure stamp duty compliance as per the applicable legal stamp duty grid.
• Maintain limits and collateral records.
• Handle CERSAI updates, including charge creation and release for mortgage, hypothecation, and intangible assets based on sanction terms.
• Update PSL records for the CCOD product using the PSL template received from the business along with the term sheet or sanction letter.
• Coordinate insurance policy maintenance as per sanction terms by sharing the required details with the central insurance maintenance desk.
• Prepare and release disbursement advice to the loan maintenance team for loan disbursements in LPS, especially where term loan or WCDL facilities are involved at the time of limit setup.
• Send limit loading instructions to the treasury team for treasury products and to the CMS team for cash management services products.
• Process documents received after disbursement as insertions.
• Close deferrals after receiving the required supporting documents from the business unit.
• Track post-disbursement conditions for wholesale and commercial operations in DRS under the pre-approved category.
• Hand over files, excluding title deeds, and property-wise dockets containing title deeds, along with insertions, to DMT for further action, and obtain acknowledgement in ET or the register for non-ET transactions wherever applicable.
• Transfer PDCs and SPDCs to the vendor on a weekly basis and collect acknowledgement.
• Coordinate with auditors and work to avoid audit observations.
• Prepare MIS reports covering daily updates, pending items, and insertions.
• Confirm release of property to DMT and verify property documents before release to the customer, relationship manager, or customer service team.
• Check that sanction letters are signed only by the authorised signatories shared by business and credit.

Experience required

The role requires prior experience in working capital products or working capital operations.

Additional information

This is a full-time, on-site role based in Mumbai, Maharashtra, India.

All operational actions must align with sanctioned terms, internal controls, and document verification requirements.