Operations Specialist

4 weeks ago


Chennai, Tamil Nadu, India DBS Bank Full time
Job Purpose
  • Reconcile cash transactions between the Cash Balancing report and the Vault Cash Balance report received from custodians.
  • Monitor and control Cash In Transit (CIT) activities, including ATM accounts, cash replenishments, returned cash, cash requests, and cash in custody in CIT vaults.
  • Experience in banking or merchant acquiring teams and knowledge of scheme settlement processes are required.

 

Key Responsibilities

  • Review daily reports from vendors to ensure accuracy and timeliness.
  • Process merchant payments.
  • Knowledge of scheme settlement processes is essential for success in this role.
  • Monitor and govern ATM reconciliation reports received from Recon Vendor.
  • Verify vault balances and identify exceptions.
  • Confirm the overall cash position of each vault cash provider, including cash in ATMs, cash in Vaults, Cash in Transit, and over/short positions.
  • Identify and resolve ATM out-of-balance issues.
  • Prepare reports for management, including out-of-balance counts and performance metrics.
  • Maintain adherence to regulatory, risk, and control requirements.
  • Work collaboratively with a team of motivated individuals to achieve operational excellence.
  • Maintain high standards of employee engagement through clear and transparent feedback.

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