Duties and Responsibilities of Banking Analyst

• Review current business practices and procedures inside and outside India to identify key risk factors of digital banking;
• Support ministry in digitization of disbursement of benefits under crop insurance and agriculture credit schemes in the country;
• Assessment of the digitization needs under crop insurance and agriculture credit schemes and mechanisms for digital transformation of service delivery.

Stakeholder Engagement and Collaboration

• Work with Financial Institutions, States, Bankers, Fintech/agri-tech entities and other Stakeholders for inputs and product re-design and innovation;
• Provide high level assistance to the Stakeholders including states, banks, fintech/agri-tech entities for the smooth implementation of various direct benefit Scheme;
• Liaison with international banking, financial institution and experts to draw on international best practices for improvement in rural digital banking infra of the country.

Risk Management and Security

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

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Required skills

• Experience in the use of computers and office software packages (MS Word, Excel, etc.). and advanced knowledge of web-based management systems such as ERP.

• Additional years professional relevant experience at state/national level and with national/international projects;
• Experience in strategic planning, result – based management and reporting;
• Relevant experience at the national level working with Governments and private entities in the Agriculture finance or Rural banking sector;
• Have working experience with any of the financial industry regulator of the country, i.e., RBI, SEBI, NABARD etc;
• Have worked in the field of agri research with ICAR, CSIR, Agriculture/Horticulture universities;
• Relevant experience at the state, national level working with Governments and private entities in the banking/finance sector;
• Experience to work with Information technology Dept., Digital payment dept. of any bank or financial institution working in the field of payment system in the country;
• Experience of current rural insurance and finance;
• Substantive and technical experience to meet responsibilities and requirements of the post with excellence.

• Excellent oral and writing skills in English and Hindi is required.

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