Manager - Banking Alliances
Manager - Banking Alliances
Posted on :
09-04-2025
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1 Vacancy
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Job Description
Razorpay was founded by Shashank Kumar and Harshil Mathur in 2014. Razorpay is building a newage digital banking hub (Neobank) for businesses in India with the mission is to enable frictionless banking and payments experiences for businesses of all shapes and sizes. What started as a B2B payments company is processing billions of dollars of payments for lakhs of businesses across India.
We are a fullstack financial services organisation committed to helping Indian businesses with comprehensive and innovative payment and business banking solutions built over robust technology to address the entire length and breadth of the payment and banking journey for any business. Over the past year weve disbursed loans worth millions of dollars in loans to thousands of businesses. In parallel Razorpay is reimagining how businesses manage money by simplifying business banking (via Razorpay X and enabling capital availability for businesses (via Razorpay Capital.
The Role:
The Manager Banking Alliances role in Razorpay Engage will be responsible for acquisition managing and growing relationships with banks NBFCs and fintech partners to drive the adoption of loyalty and customer engagement products. This role requires a mix of strategic thinking business development and operational expertise to ensure seamless of partnerships revenue growth and compliance with regulatory standards.
Key Roles and Responsibilities:
- Responsible for a portfolio of alliance partner banks/NBFCs/Fintechs to drive adoption of loyalty and customer engagement products to ensure business growth of the channel.
- Foster and maintain strong relationships with banking partners serving as the primary point of contact for new business opportunities.
- Deliver against volume revenue penetration and growth targets for the identified and assigned partner banks.
- Discover new opportunities to penetrate in assigned partners in conjunction with different Razorpay verticals
- Develop implementation plan across alliance life cycle for the assigned portfolio of banks/NBFCs/Fintechs.
- Map & develop strong working relationships with key influencers for the assigned banks. It should include mapping the various teams in the assigned banks thoroughly and plot them out to an organogram of the banks.
- Facilitate seamless onboarding of Razorpay as a Vendor / Customer in the banks ecosystem as well as ensure setup on system and its complete alignment across departments
- Understanding the unit economics and revenues of all products under the Engage vertical and ensuring continuous revenue growth of assigned partners
- Thoroughly mapping as to how the process of collections of such receivables works in a particular bank and ensuring all the required formalities are put in place.
- Collaborate with crossfunctional teams to align partnership strategies with business objectives.
- This role requires a blend of strategic thinking analytical skills and operational prowess to foster strong relationships with banking partners and uphold regulatory compliance standards.
- Ensuring that the engagements are well formalized with the partner banks by way of agreement(s) and agreed base rates and markups applicable if any. Also taking care of internal closure with crossfunctional departments like Legal Finance etc.
- Ensuring that bank queries and issues with existing products are resolved within expected timelines
- Ensuring reconciliation of transactions invoicing and recovery is completed within agreed timelines
- Ensuring that delivery of products post conversion is within timelines agreed with banks
Mandatory Qualifications:
- 5 years of experience in banking operations sales fintech or related industries with a focus on business development.
- Strong understanding of banking products processes and regulatory requirements.
- Exceptional analytical skills with proficiency in data analysis tools and techniques.
- Excellent communication and interpersonal skills with the ability to collaborate effectively with internal teams and external partners.
- Experience in customer engagement / sales roles is a must. This is essentially a customer facing role and therefore flair for sales / relationship building is sacrosanct.
- Business acumen and Customer orientation: Should be a passionate believer in digital transformation and the use of technology to simplify business processes and improve customer experience.
- Established and existing networks with banks both public as well as private sector would be a definite advantage.
- Able to engage in a basic technical conversation with the bank to understand their requirements.
- Datadriven thinking and an affinity for numbersAbility to thrive in a fastpaced fluid and collaborative environment Analytical capability to deal with the technical contractual and financial aspect of the business.
- Willing to travel to meet with banks / large Merchants acquired through the banking partners.
Location: Mumbai
Razorpay believes in and follows an equal employment opportunity policy that doesnt discriminate on gender religion sexual orientation colour nationality age etc. We welcome interests and applications from all groups and communities across the globe.
Follow us on LinkedIn & Twitter
Required Experience:
Manager
Employment Type
Full Time
Key Skills
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