Digital Banking Analyst

1. POSITION VACANT: Digital Banking Analyst, International Development Agency, New Delhi

2. ORGANIZATIONAL BACKGROUND:

Our client is a respected International Development Agency (IDA)working in almost all areas of human development.Together with the Government of India and development partners, the IDA is focused on eradicating poverty, reducing inequalities, strengthening local governance, enhancing community resilience, protecting the environment, supporting policy initiatives and institutional reforms, and accelerating sustainable development for all.

Our client works in close association with the national and state governments, and diverse development actors, to deliver people-centric results, for the most vulnerable and marginalized communities. As the lead for collective action on Sustainable Development Goals (SDGs) within the international development agency fraternity, the IDA is committed to supporting the Government of India's national development vision and priorities and accelerating the achievement of the SDGs for the people and the planet.

Project Description:

The Government of India's flagship schemes, Pradhan Mantri Fasal Bima Yojana (PMFBY) and Kisan Credit Card/ Modified Interest Subvention Scheme (KCC/ MISS), have become important tools to strengthen the resilience of Indian farmers. The schemes provide a safety net for farmers by providing financial risk protection against natural calamities and catastrophic events including pests, climate uncertainties and environmental shocks. Apart from providing comprehensive risk coverage for the entire crop cycle, PMFBY also enables direct claim transfer into farmers accounts through e-remittance. Additionally, to address agrarian distress, MISS provides cheap and hassle-free credit to millions of farmers to ensure continued investment in agriculture for mechanisation, modernisation of agriculture practices and eventually, enhanced productivity.

The IDA is supporting the Ministry of Agriculture in setting up a Central Program Management Unit (CPMU) for the implementation of PMFBY and KCC, focused on improving institutional and programme responsiveness, increasing coverage and better access among marginalised and excluded farm households, offering innovative measures and supporting mechanisms for agri-value chain financing, risk management and reduced crop loss for the rural population in India. The PMU also focuses on providing capacity building and training support to participating state-level government departments involved in PMFBY and KCC and advancing the schemes among new states for improved uptake.

3. JOB DESCRIPTION/ RESPONSIBILITIES:

Reporting to Agri Finance and R&D Specialist, the Digital Banking Specialist (DBA) shall ensure engagement of all direct stakeholders and delivery of project objectives in coordination with the Joint Secretary & CEO, DoA&FW, MoA&FW, whenever needed.

Key Responsibilities:

(A) Digital Banking Infrastructure and Enhancement:

(1) Review current business practices and procedures inside and outside India to identify key risk factors of digital banking;

(2) Support ministry in digitization of disbursement of benefits under crop insurance and agriculture credit schemes in the country;

(3) Assessment of the digitization needs under crop insurance and agriculture credit schemes and mechanisms for digital transformation of service delivery.

(B) Stakeholder Engagement and Collaboration:

(1) Work with Financial Institutions, States, Bankers, Fintech/agri-tech entities and other stakeholders for inputs and product re-design and innovation;

(2) Provide high level assistance to the Stakeholders including states, banks, fintech/agri-tech entities for the smooth implementation of various direct benefit schemes;

(3) Liaison with international banking, financial institutions and experts to draw on international best practices for improvement in rural digital banking infra of the country.

(C) Risk Management and Security:

(1) Review current digital banking infra in the country and give inputs for enhancement of use of channels for transactions related to agriculture and ancillary activities;

(2) Understand and address loopholes in the payment system, fraudulent transactions, and current phishing scams, providing inputs to mitigate these risks.

(D) Perform any other tasks consistent with the level of the post and/ or assigned by the Agri Finance and R&D Specialist.

4. QUALIFICATIONS, EXPERIENCE AND COMPETENCIES:

(A) Qualification and Experience:

Essential

(1) Master's degree specializing in Banking, Finance, B.Tech., M.Tech., MBA, or equivalent with a minimum of two years of professional experience in banking, general finance, agriculture or MSME finance, Monitoring and Evaluation in national/international projects; OR,

(2) Bachelor's degree specializing in Banking, Finance, B.Tech., M.Tech., MBA, or equivalent with a minimum of four years of professional experience in banking, general finance, agriculture or MSME finance, Monitoring and Evaluation in national/international projects.

Desirable

(1) Additional years of relevant experience in state, national/international projects;

(2)Demonstrated experience at the national level with government bodies and private entities in agriculture finance or rural banking;

(3) Experience working with financial regulatory authorities such as RBI, SEBI, NABARD, etc.;

(4) Background in agricultural research through associations with ICAR, CSIR, or agricultural/horticultural universities;

(5)Proven experience at the state or national level with government and private sector in banking or finance;

(6) Familiarity with IT or digital payment departments in banks or financial institutions within the country's payment systems sector.

(B) Required Skills and Competencies:

(a) Core Competencies

(1) Plans and monitors own work, pays attention to details, delivers quality work by deadline

(2) Open to creative ideas/known risks, is pragmatic problem solver, makes improvements

(3) Open minded and curious, shares knowledge, learns from mistakes, asks for feedback

(4) Adapts to change, constructively handles ambiguity/uncertainty, is flexible

(5) Shows drive and motivation, able to deliver calmly in face of adversity, confident

(6) Demonstrates compassion/understanding towards others, forms positive relationships

(7) Appreciate/respect differences, aware of unconscious bias, confront discrimination

(b) Cross-Functional/ Technical Competencies:

General

(1) Ability to plan, manage and execute of public and private events to ensure that they support and amplify individual communications and advocacy initiatives, as well as IDA's overall brand and mandate.

Partnership Management

(1) Ability to engage with emerging partners, develop and manage a strategy and develop approaches to developing and managing new strategic partnerships;

(2) Ability to capture and sustain attention, interest and agreement of high-level, influential policy and decision makers and secure their buy-in of high-level vision and objectives;

(3) Knowledge and ability to forge multi-stakeholder partnerships and remove any obstacles to resource mobilization and multi-stakeholder funding platforms.

Finance

(1) Understands changes in regulatory, legal and ethical frameworks and standards for financial reporting in the public sector;

(2) Ability to extract, evaluate financial data, derive relevant findings and present them in a meaningful and coherent manner to facilitate effective decision making and performance monitoring;

(3) Understands the benefits of integrated reporting, including non-financial resources such as human, social and intellectual capital, and environmental and governance performance;

(4) Ability to understand developments, opportunities and challenges in technology relating to public finance;

(5) Understands the role, importance and accounting practices for commercial activities;

(6) Sound understanding of income generation options and related risk and reward and the importance of commercial suppliers to the public sector and evaluating their financial resilience;

(7) Adept with private sector accounts and their use within commercial offshoots and subsidiaries;

(8) Possesses influence and negotiation skills and can facilitate and engage with productive competitive dialogue;

(9) Understands the procurement cycle and the scope and features of good contract management.

Business Direction and Strategy

(1) Ability to use objective problem analysis and judgement to understand how interrelated elements coexist within an overall process or system, and to consider how altering one element can impact on other parts of the system.

(c) Desired Skills and Competencies

(1) Demonstrates integrity and ethical standards;

(2) Promotes the vision, mission, and strategic goals of the organisation.

5. COMPENSATION OFFERED:

The starting remuneration package budgeted for the position is INR 22,80,000 per annum. The offer made to the selected candidate shall be commensurate with qualifications, experience, and salary history. (Note: The above remuneration excludes 8.33% pension, paid over and above the salary amount.)

6. LOCATION: New Delhi

7. APPOINTMENT: This is a full-time position. Contracts shall be initially offered for one year,extendable based on performance.

8. REFERENCE: DBA-IDA

9. CONTACT INFORMATION:

Team SAMS

Strategic Alliance Management Services P Ltd.

1/1B, Choudhary Hetram House, Bharat Nagar

New Friends Colony, New Delhi 110 025

Phone Nos.: 011- 4081 9900; 4165 3612

10. APPLICATION PROCESS:

Eligible candidates interested in the position are requested to apply using the link https://bit.ly/APPLY-DBA-IDA by or before November 10, 2024.

Candidates are urged to apply immediately, as interviews with suitable applicants are likely to be initiated almost right away.