Immediate Start C&S:Currency Chest Head

2 days ago

India Nashik Axis Bank Full time

Job Description

C&S:Currency Chest Head
INTERNAL USAGE:
No. of Vacancies: Reports to: Head Clearing & Settlement
Is a Team leader YES Team Size: 250-300

Grade: Senior Vice President-I
Business: Retail Operation Department: Clearing & Settlement Sub-Department: Currency Chest
Location: Maharashtra
About Name of BU
Monitoring overall Currency Chest Operations as per the regulatory guidelines

Liasoning with the RBI-Department of Currency Management-Central office for support required at local issue office.

Coordination with the Internal -Department for support.

Establishment of Forged note vigilance cell at CO and adhering to its functions across the Currency Chest

Setting up the quarterly CBL within the assigned limit by RBI, also ensure each chest maintain the balance within the limit

Reviewing of Branch CRL on Half yearly basis in coordination with BIU & communicating to Branches.

Dissenting the RBI instruction to the Currency Chest for conducting the chest operations within the compliance

Visit to Currency chest- Annual & FNVC visit on periodic intervals

Running through Governance template for checking real time status of various parameters as mentioned in the checklist

Tracking conduct of the audits on timely basis as defined by regulator and checking availability of closure report

Set-up/ Relocation of Currency chest- Coordinating with Circle BBO and CRES right from site selection to inauguration and operationalization of chest

Expense management- Setting up a yearly budged and ensure that the expenses are within the allocated budget.

Hiring and SLA execution with Sorting and CIT agencies

Automation of Currency Chest processes

Ensure that updation of Currency Chest manual on regular interval

Ensure that all Currency Chests are within Chest balance Limit( CBL)

Ensure that all Currency Chests unsorted cash

Representing bank in SLSC/SCCM meetings of RBI issue offices across bank and submission of the reply on the banks actionable

Take appropriate measures to mitigate the risk identified in RCSA to improve the EGRC rank.

Conducting RCA if any lapses found

Yearly assessment (PMS) of the Currency Chest staff

Provide necessary inputs and material to Training Team for effective training for Branch teller/ CC staff and avoiding any regulatory penalty.

Mentor and coach team members to progress within system by following the Banks Core Values and professionalism.

Support and guidance to Currency Chest team

C&S-Currency Chest

What is its contribution towards the organization

All the Currency Chest should followed the Internal & regulatory guidelines & this would help to perform better for the organization.

What is the size of the operation the position manages and supports

Total size of the operation is 4-5 people in the currency chest.

Key Responsibilities
Liasoning with RBI / Circle office /Other Bank/ Branches /Central office

Monitoring of Currency Chest Operations as per the regulatory guidelines

Follow the regulatory guidelines ( RBI/ Safety security/Internal)

Automation of Currency Chest Process

Monitoring of Currency Chest CBL & Branch CRL

Dissenting the RBI instruction to the Currency Chest

Execution of SLA

Support & Guidance to Currency Chest.

Qualifications
Optimal qualification for success on the job is:

Post Graduation

Role Proficiencies:
For successful execution of the job, the candidate should possess the following:

Total 10-12 year Work experience in Branch Banking operations. Past experience related to the job role will be preferred

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