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Group Head – Deposits

Location: Belgaum, Pune, Mumbai

Job Summary

Lokmanya Multipurpose Co-operative Society is currently seeking an experienced and dynamic Group Head Deposit to join our team in Mapusa. The successful candidate will play a pivotal role in overseeing and managing the deposit division, driving business growth, and ensuring the development of client relationships.


  • Thorough knowledge of bank operational functions, systems, procedures, various products and/or services.
  • Strong knowledge of risks associated with banking operations and payment systems as well as industry best practices.
  • General knowledge of various bank credit products, programs, and related documentation, as applicable.
  • Experienced in review and implementation of banking applications, along with knowledge in support of system/bank conversions.
  • In-depth understanding and practical application of applicable Federal and State laws and regulations.
  • Knowledge with Audit standards and Payment systems requirements.
  • Excellent leadership skills are a must.
  • Strong organizational, managerial and project management skills.
  • Excellent interpersonal and verbal and written communication skills.
  • Able to effectively interact with all Bank departments and levels of management and employees.
  • Must be innovative and committed to making change, along with providing strategic context/framework for Operations (and any related Bank departments) and able to influence and lead others in implementing those changes.
  • Must have experience and desire to identify “best practices”, create/improved procedures, policies and practices for the betterment of the Society.
  • Must have experience, and a proven ability, to identify and implement automation through technology, that results in efficiencies and/or measurable cost savings.

Qualifications and Experience

  • Masters in general business or finance preferred but not mandatory.
  • Minimum 12 and above (Bank Deposit Operations)
  • If you meet the above requirements and possess the necessary skills and experience, we would love to hear from you. Join our team and contribute to Lokmanya Multipurpose Co-operative Society’s mission of providing excellent services to the community.

    To apply, please send your resume and a cover letter detailing your relevant experience to resume@lokmanyasociety.org.

    Our Core Values

    At Lokmanya, we believe that a career should be more than just a job; it should be a passion-driven adventure that brings out the best in you. We are not just a company; we are a community of like-minded individuals united by a common purpose: to make a meaningful impact on the world.

    At Lokmanya, our core values are the heartbeat of our culture and the driving force behind everything we do. They define who we are as a company and guide our decisions, actions, and interactions with our customers, employees, and partners.


    Every job seeker should be aware of online recruitment fraud. Fictitious job postings, fraudulent job offers, and individuals purporting to be recruiters can defraud job seekers, commit financial crimes or steal identities.

    Lokmanya Society takes this matter seriously and is actively working to reduce the likelihood of our brand being misrepresented as part of fraudulent activity. Job seekers interested in Lokmanya Society roles should know the following:

    • At no point will Lokmanya Society or anyone recruiting for Lokmanya Society ever asks for money, credit card, or bank account information to complete a job application or be considered for a job.
    • Lokmanya Society employees (including our recruitment teams) use email addresses that end in @lokmanyasociety.org
    • At no point will Lokmanya Society or anyone recruiting for Lokmanya Society ever asks for money, credit card, or bank account information to complete a job application or be considered for a job.
    • Communications you send directly to Lokmanya Society or anyone recruiting for Lokmanya Society should only go to email addresses ending in@lokmanyasociety.org

    These fraudulent job postings or “recruiters” may ask job seekers for money, banking details, or other personally identifiable information.Recruiting scams have become more sophisticated and can appear as legitimate recruitment activities of reputable companies and often use third-party websites or direct email approaches. Caution should always be shown when sharing personal information and we hope that by highlighting these developments, unsuspecting job seekers will not be duped by these scams.

    Generally, job seekers should watch out for: Incorrect domain names or email addresses: Check for misspellings of hiring companies or emails from domains that do not match the hiring company.Use of messaging services: Legitimate companies won’t conduct job interviews through messaging services like Google Hangouts, Yahoo Messenger, or Facebook Messenger. Unclear or broad job descriptions: Scammers use broad, vague job descriptions to capture a wide net of potential targets. Legitimate job ads will have a clear description of what your duties would be and will list the requirements for the job.The “dream” job offer: Extremely high compensation for a position that requires no skills or experience or job offers without any interview process… If it’s “too good to be true” it is likely fraudulent.

    Requests for financial information: Be wary of any ask for money, credit card, or bank account information to complete a job application or create eligibility for a job. Requirements to purchase training or equipment: If a company wants you to pay for training materials or equipment before it will consider you for a job, it is likely fraudulent.