Banking Operations Analyst at Accenture

Chennai, Tamil Nadu, India

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Not SpecifiedCompensation

Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Banking, Financial ServicesIndustries

Requirements

4+ years of prior deposit operations or reconciliation experience required, with a clear understanding of operational accounting
Bachelor’s degree or equivalent experience required
Knowledge of bank policy, procedure, products and regulations, compliance
Maintain the highest level of confidentiality with information relating to the bank, its customers, and employees
Experience researching reconciliation breaks and partnering with other teams to drive the exception items to resolution
Skill in Core Banking Operations (incl. Payments) - Retail Banking Card Operations
Any Graduation
Willingness to work in night shifts

Responsibilities

Monitor and reconcile transactional processing within Varo’s T24 Core Banking system to ensure proper recording to the customer account. Research exception items and drive them to resolution in partnership with operational teams, Finance, Fraud and IT
Process customer-level financial adjustments to transactions including (but not limited to) debit cards, checks, ATM, and ACH
Resolve reconciliation breaks timely in compliance with internal policies and procedures, applicable regulations and strong customer service
Maintain operational reconciliation and exception procedures, addressing potential changes due to Varo’s organization, products, systems
Partner with Varo teams to ensure customer accounts and associated processes impacted by system enhancements, upgrades, and/or updates are tested with the Core Banking system
Perform analysis and solving of lower-complexity problems
Interact day-to-day with peers within Accenture before updating supervisors
Work as an individual contributor as a part of a team, with a focused scope of work

Skills

Core Banking Operations

Payments

Retail Banking

Card Operations

T24

Reconciliation

Transactional Processing

Debit Cards

ACH

ATM

Operational Accounting

Exception Handling

Accenture

Global professional services for digital transformation

About Accenture

Accenture provides a wide range of professional services, including strategy and consulting, technology, and operations, to help organizations improve their performance. Their services assist clients in navigating digital transformation, enhancing operational efficiency, and achieving sustainable growth. Accenture's offerings include cloud migration, cybersecurity, artificial intelligence, and data analytics, which are tailored to meet the needs of various industries such as financial services, healthcare, and retail. What sets Accenture apart from its competitors is its extensive industry knowledge and ability to deliver comprehensive solutions that address both immediate challenges and long-term goals. The company's aim is to support clients in reducing their environmental impact while driving innovation and growth.

Dublin, IrelandHeadquarters

1989Year Founded

$8.5MTotal Funding

IPOCompany Stage

Consulting, Enterprise Software, CybersecurityIndustries

10,001+Employees

Risks

Rapid AI advancements may outpace Accenture's current capabilities, risking competitive disadvantages.

Integration challenges from multiple acquisitions could affect Accenture's operational efficiency.

The rise of AI-driven startups may disrupt Accenture's market share in customer service solutions.

Differentiation

Accenture's acquisitions enhance its capabilities in digital twin technology for financial services.

The company is expanding its expertise in net-zero infrastructure through strategic acquisitions.

Accenture's focus on software-defined vehicles positions it as a leader in automotive innovation.

Upsides

Accenture's investment in EMTECH supports central bank modernization amid digital currency evolution.

The acquisition of Award Solutions boosts Accenture's presence in the growing 5G and IoT markets.

Accenture's strategic acquisitions align with high-growth markets like digital twins and net-zero projects.

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