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New Job Head Of Banking In Haryana

Head Of Banking
Head Of Banking

Head Of Banking

Company : Novo
Salary : Details not provided
Location : Haryana

Full Description

Job Description

Small businesses are the backbone of the US economy, comprising almost half of the GDP and the private workforce. Yet, big banks don't provide the access, assistance and modern tools that owners need to successfully grow their business. We started Novo to challenge the status quo—we're on a mission to increase the GDP of the modern entrepreneur by creating the go-to banking platform for small businesses (SMBs). Novo is flipping the script of the banking world, and we're excited to lead the small business banking revolution. At Novo, we're here to help entrepreneurs, freelancers, startups and SMBs achieve their financial goals by empowering them with an operating system that makes business banking as easy as iOS. We developed modern bank accounts and tools to help to save time and increase cash flow. Our unique product integrations enable easy access to tracking payments, transferring money internationally, managing business transactions and more. We've made a big impact in a short amount of time, helping thousands of organizations access powerfully simple business banking. About the Role:

  • Novo is looking for a banking leader, with a proven track record of scaling teams from the ground up. We need a leader that can take control, shape the department, and communicate well to partners and management with a data-driven approach.
  • Critical vendor management
    • Bank relationship management of C-Suite and VP level bank employees
    • Oversee core bank stack vendors (including Contract negotiation, SLA adherence)
  • People operations
    • Oversee four core leader reports in Onboarding, Deposit Operations, and Fraud, responsible for an overall team of ~35
    • Help company leadership build out additional functions in the India: compliance, technical customer support, and payments
    • Hire and manage senior banking leads and managers in India, build multiple layers of organizational structure, and manage overall India's daily operations-processing, investigations and fraud mitigation
  • Compliance
    • Work with compliance team to review, update, and maintain Novo Policies & Procedures
    • Work with compliance and legal to facilitate audits, oversight framework, and reviews from regulators, partner institutions, and law enforcement
  • Fraud
    • Enhance Novo's fraud risk framework, assessing and limiting portfolio risk (working closely with data analysts and scientists)
  • Fiscal responsibility
    • Manage departmental resources and optimize all costs:
      • Personnel
      • System expenses (e.g. core infrastructure, other banking stack vendors)
      • Operational costs (e.g. fraud)
  • Product development and vision
    • Work with the Director Banking and executives on shaping the vision of how to develop the banking product and department
    • Provide expert consulting to Novo engineering and product team on building the next generation of core banking functions (i.e. ACH, mRDC, Card program systems)
    • Critique and facilitate the development and roll-out of new products such as lending and savings accounts
Requirements for the Role:
  • Minimum of 10 years of US financial institution/banking experience
    • Experience in Technology/Fintech a plus
    • MUST have knowledge of Fraud Management, ACH,mRDC etc
  • Minimum 5 years of management/supervisory experience in Fintech Consultancy, financial management, risk management roles
    • Must have prior team handling experience (25+ people on the team)
  • Formulating departmental OKRs/KPIs
  • Entrepreneurial attitude and experience with, or the ability to adapt to, a rapidly growing start-up with associated complexities and ambiguities

Novo values diversity as a core tenant of the work we do and the businesses we serve. We are an equal opportunity employer, indiscriminate of race, religion, ethnicity, national origin, citizenship, gender, gender identity, sexual orientation, age, veteran status, disability, genetic information or any other protected characteristic.

Job Detail

  • Job Id
  • Industry
    Not mentioned
  • Total Positions
  • Job Type:
    Full Time
  • Salary:
    Not mentioned
  • Employment Status
  • Job Location
    Gurgaon, Haryana, India
  • Education
    Not mentioned
  • Experience