Manager-Partnerships_Bharat Banking

IDFC Asset Management Company Ltd. was established in 2000 and is already one of the largest Mutual Fund houses in India. In a relatively short span of time, it has developed a robust network to deliver consistent value to its investors across India.

IDFC AMC is among the few fund houses to get an ISO 9001:2000 certification for its entire range of customer service activities.

IDFC Ltd. (IDFC) and Natixis Global Asset Management (NGAM) have entered into a strategic partnership in IDFC AMC. This partnership will give IDFC AMC the ability to offer domestic investors access to international investment opportunities through investment products managed by NGAM. Natixis Global Asset Management is one of the largest asset managers in the world based on assets under management.

Natixis is the corporate, investment and financial services arm of BPCE, the second-largest banking group in France with 22% of total bank deposits and 37 million clients spread over two networks, Banques Populaires and Caisses d’Epargne.

Pursuant to RBI’s requirements for banking license, IDFC Ltd. on July 9, 2015 has transferred its shareholding in IDFC Asset Management Company Ltd. to IDFC Financial Holding Company Limited, a Non-Operative Financial Company, which is a wholly owned subsidiary of IDFC Ltd. Even after the transfer, IDFC continues to be the sponsor of IDFC Mutual Fund and also continues to hold controlling interest in IDFC AMC.
-Exploration of new Business Correspondent (typically with MFIs) tie ups and Management of BC tie ups

-Meeting targets of Priority Sector lending (Microfinance), managing existing relationship, sourcing new relationships

-Integration of partner organization systems with IDFC systems for smooth work flow on customer assets

-Timely credit appraisal of NBFC-MFI and facilitation of Term Loan / Securitization / bilateral assignments

-Follow up for repayments from MFIs.

-Request handling from MFIs for other banking products

-Regular visits to NBFC-MFI to understand and monitor their business dynamics and potential risk associated with them

-Product development, Business Plan development, resource planning with budgeted targets, reconciliation of books at back office, managing relationship and compliance to credit bureau like Equifax / High Mark

-Monitoring of micro finance portfolio and maintaining of MIS, ensure timely due diligence/periodic branch visits of the MFIs.

-Submission of regulatory compliances to RBI and NABARD on timely basis
Assisting support teams for internal and external audits.
Post Graduate in any stream
4 - 6 Years
Additional Information
Possess 4-6 years of total experience and 3 Yrs of relevant experience in Micro-lending either in MFI or bank
Knowledge of Microfinance industry direct agri sourcing
Knowledge of business correspondent model (through MFIs)
Should be willing extensively to business correspondent branches.
Ability to work with partner organisations to garner direct agri customer accounts
Self-motivated and enjoy working to targets
Articulate, confident communicator and presenter
Strong team player, but equally good at taking initiative
Preferred language: Tamil / Kannada along with English / Hindi
No. of Vacancies