Description

Job Description

This role will lead the strategic planning, development, and management of all aspects of Temenos Core banking Liability (Deposit/CASA) products framework

1. Responsible for End-to-end setup of deposit products in Temenos Transact (T24) using AA (Arrangement Architecture). Configure CASA (Current & Savings Accounts), Term Deposits (Fixed Deposits, CDs), and Recurring Deposits. Define product conditions (interest calculation methods, tiered rates, penalty clauses, auto-renewals). Implement sweep-in/sweep-out facilities and overdraft linkages
2. Responsible for Account Opening to Closure: Configure workflows for account activation, maturity processing, and early withdrawals. Interest Accruals & Payouts: Set up daily/monthly/quarterly interest posting (simple vs. compound).Taxation & Charges: Handle TDS (Tax Deducted at Source), GST/VAT, and fee structures. Regulatory Compliance: Ensure adherence to DICGC, Basel III LCR/NSFR, and local banking regulations
3. Expert in Temenos Transact/T24 Deposits Modules: Deep knowledge of MM (Money Market), LD (Liability Deposits), AA (Arrangement Architecture). Customizations: Develop Temenos BASIC routines for business-specific deposit logic. Integrations: Work with Payment Systems (RTGS/NEFT), Tax Engines, Regulatory Reporting Tools. Troubleshooting: Debug EOD batch failures, interest calculation errors, and GL mismatches.
4. Conducting a business requirement study and suggesting best practice methodologies to satisfy end user requirements and implement an efficient solution.
5. Co-ordinate with Vendors, IT and Business for implementation of initiative, process and systems. Carry out post implementation review of the system, suggest modifications based on user feedback.
6. All the above accountabilities include but not limited to any additional/new tasks or responsibilities assigned by the line Manager

Competencies/Skills

Education

• Minimum Bachelor's Degree in IT / Business

Work Experience

• Minimum 6 years Strong knowledge/experience on Temenos Transact Liability Products like Liabilities & Deposits (CASA, Term Deposits, Savings)