Authorizer- Wbo
3 weeks ago
Any Graduate
Operations
- WB- WC
**Job Name - Authorizer WBO (Operation)**
**Job Title**:(Job Name) - Authorizer WBO
**Business Unit (PA) :Operation**
**Team **:(Sub team in the PA)**Eg **:RBB** - **West 3 / Retail Agri - Zone 1
**Reports to (job)**: Branch Ops Manager
**Location of role**:Pan India
**Job Fn: Operation
**Role Type**:Individual Contributor
**No of direct reportees: Nil**
**Travel Required**:No
**Job Band Range:
**JD Created date**:DD-MM-YYYY
**JD Updated date**:DD-MM-YYYY
**JD approved by (business):
**Version No **:2.0
**Job Purpose**
Authorization of transactions in the branch for various functions as per laid down process and reporting any deviations and getting the same ratified by the senior.
**Job Responsibilities(JR) : 6 - 8 Areas
**Actionable (4-6)**
Clearing operations
**Inward Clearing**:
- Authorise all Inward clearing instruments within the cut-off timings without exceptions.
- Tallying of cheques received verification and authorization of entries.
- Book receivable or payables under intimation to the unit-in-charge.
**Handling of Returns and Referrals**:
- Identify and return eligible cheques to the presenting bank.
- Raise referrals for cheques as applicable including Co-operative Bank cheques and follow-up.
- Maintain cheques return register and other records.
- To ensure timely processing of all cheques within the cut off time and return the same within the permissible time.
**Outward Clearing**:
- Authorisation of all outward clearing entries within the cut-off timings without exception.
- Verification and authorization of all entries before presentation in outward clearing.
- Ensure inward returns and ensure Nil exceptions.
**Co-operative Bank Cheques**:
- Authorisation of Co-operative Bank funding sheets and validation of Co-operative Bank cheques received against funding sheet.
**Nostro and Suspense account monitoring**:
- Daily reconciliation of nostro accounts.
- Record balance of all relevant suspense accounts as per the process.
- Fortnightly reporting of suspense/monthly nostro accounts after due verification with relevant details.
- Safe custody of Nostro account chequebook and judicious use of the same.
CMS Operation
**Authorisation of all CMS instruments/transactions**:
- Verification and Authorisation of all cheques received for collection without exceptions.
- To ensure dispatch of the schedules to the right location in time.
- To ensure timely presentation of cheques received under schedules for collection after due verification and related activities.
- Follow-up for schedules in case not received as required / send tracers.
**Remittances/Bankers to the Issue/Regional Rural Bonds**:
- Issuance of instruments like Demand Drafts/Manager Cheques etc. as per prescribed process.
- Safe custody of numbered instruments and maintenance of proper records.
**Suspense account monitoring**:
- Record balance of all relevant suspense accounts as per the process.
**Follow up of Clean Schedules**:
- Ensure timely realisation of clean schedules and effective tie-ups with other banks to reduce the realization cost.
Depository operations
- Processing of Delivery Instruction Slip, Delivery Instruction Booklet, Pledge instructions.
- NSDL KYC Registration Agency/Know Your Customer forms processing
- Normal account closure processing
- Transfer cum closure cum waiver (TCW) account closure processing
- Transmission cum closure of account request processing
- Various account modification requests processing like Change of address, change of mandate/debit bank account details, nominee details, change of name individual/corporate, change in authorized signatories, freeze/unfreeze request and etc.
- Dematerialization Request Form (DRF) processing
- Conversion of mutual fund into dematerialized form requests processing
- Rematerialization/Redemption request processing
- Appropriate record keeping of undelivered or rejected Dematerialization Request Forms.
- Co-ordination with customer/Depository Central Processing Unitsfor undelivered Delivery Instruction Books.
- Supportive interaction with Retail, Region branches for query resolution.
- Adequate legal representation/co-ordination for cases
- Motivate/educate staff for smooth and streamlined operations.
- Convey failed/rejected transactions to the clients, send proper intimation.
- Mark off the available slips prior to closing accounts.
- Mandatory call back of all reports.
- Generation and tally of daily reconciliation of reports
- To obtain dormancy confirmation from customer
- Confirmation to be obtained from customer for 5 or more International Securities Identification Number’s to be transferred.
- Ecall back activity to be completed on same day
- As a precautionary measure, in-house concurrent audit activity to be done.
- Scanning and uploading of Delivery Instruction Slip.
- Focusing the clients who are eager to avail Speed-e/iDeas facility.
- Interacting with Customer, query handling, compl
