Interim Managing Director — Banking GCC Launch

The mandate

The mandate is to establish a new banking capability centre in India. Global functions have nominated work, but ownership, control transfer and local leadership require an accountable India executive to proceed with entity, lease and first-wave transfer decisions.

The interim must start within four weeks for a fixed eighteen-month build. Permanent MD recruitment begins after the first 800 roles are live and critical services have completed stabilisation, with an eight-week transition before the term closes.

Handover is complete when the entity and governance structure operate, 1,500 agreed roles are productive, every regulated service has passed transition and control acceptance, attrition and service measures remain within tolerance for two quarters, and the successor chairs one India Governance Board.

The interim may approve hiring within the sanctioned workforce plan, choose operating vendors inside procurement thresholds, accept service transitions and deploy ₹60 crore of mobilisation spend. New functions outside the approved perimeter, real-estate commitments above ₹100 crore, permanent executive appointments, workforce expansion above 10% and control exceptions rated severe require global or board approval.

Offshoring strategy beyond the named waves, product ownership and changes to global risk appetite are excluded. The assignment builds the authorised India platform and cannot use local capacity economics to rewrite regulated business accountability.

Why this seat is open

The selected leader withdrew at the point when reversible design choices were becoming binding commitments. Functional sponsors can transfer their own work but cannot create a coherent India institution. A fixed-term MD provides neutral mobilisation authority while the eventual steady-state role becomes clear.

What you will own

• Decide the centre operating model across entity governance, functional accountability, locations, shared services and local control.
• Sequence each work transfer by regulatory dependency, knowledge readiness, leadership capacity and business continuity.
• Approve transition acceptance only after parallel operation, access, procedures, control evidence and recovery testing.
• Build the local executive and director bench through transparent role, capability, succession and retention decisions.
• Govern mobilisation investment through seats, hiring yield, productivity, vendor cost and one-time transition spend.
• Demonstrate two quarters of stable service, control, attrition and leadership outcomes at target scale.
• Transfer India governance, function commitments, talent slate, open risks and the first steady-state plan to the permanent MD.

Candidate qualifications

• Served as GCC managing director, country head or enterprise operations executive in a regulated global bank.
• Built or expanded an India centre beyond 1,000 roles across technology and business operations.
• Led regulated-service transitions with retained accountability, evidence and business-continuity proof.
• Managed entity, tax, real estate, talent, vendor and local governance decisions together.
• Presented India risk and investment choices to global executives and a legal-entity board.
• Has transitioned a build-phase centre to permanent steady-state leadership.