Bank Audit Staff

Cash Transactions - Verification

• Conduct surprise physical cash verification at the branch, ATM, and agency vault, ensuring proper custody and safekeeping.
• Verify cash replenishment agency operations and account reconciliation.
• Scrutinize daily cash transactions for anomalies, particularly large receipts or payments.
• Confirm that cash verification is done by an officer independent of the joint custodian.
• Ensure all cash transactions of 10 lakh or more are reported in CTR.
• Verify PAN/Form 60 compliance for cash transactions of 50,000 or more.
• Check insurance cover for inward and outward cash remittances.
• Review currency chest transactions and timely reporting to RBI.
• Report and verify counterfeit currency.

Deposits - Verification

• Verify adherence to KYC/AML guidelines and FATCA/CRS compliance for all customer accounts.
• Ensure proper handling of large term deposits, particularly repayments in cash exceeding limits.
• Examine high-mortality accounts and dormant account revival processes.
• Ensure accurate reporting of Suspicious Transaction Reports (STR).
• Confirm the transfer of unclaimed deposits (10+ years) to RBI.
• Ensure senior citizen benefits are applied correctly.
• Verify changes to customer account details (address, PAN, etc.) per bank guidelines.

Loans & Advances - Verification

• Confirm loans and advances are sanctioned per delegated authority and documented correctly.
• Verify securities and their proper registration, and ensure correct entry in the system.
• Monitor compliance with prudential norms (income recognition, asset classification, provisioning).
• Validate follow-up actions for overdue loans, including physical verification of securities.
• Confirm all loan transactions are processed via the LLPS system.

LC/BG - Verification

• Ensure Letters of Credit and Bank Guarantees are issued as per standard formats.
• Verify margin, security, and terms of payment for compliance with sanction guidelines.
• Confirm government guarantees for state SPVs and verify the project's financial feasibility.

Foreign Exchange Transactions - Verification

• Ensure compliance with ECGC and exchange control regulations for export bills.
• Verify operations in foreign currency accounts (NRE, FCNR, etc.) follow applicable rules.
• Monitor SWIFT operations and ensure proper logging and entry in the system.
• Confirm compliance with export finance terms and conditions.

Compliance & Miscellaneous - Verification

• Ensure compliance with tax regulations (TDS, GST, etc.) for all payments and bills.
• Monitor fraud reporting and confirm corrective actions.
• Verify the proper custody and movement of keys and sensitive documents.
• Ensure adherence to RBI and other regulatory guidelines across operations.

Job Type: Full-time

Pay: ₹9, ₹38,056.26 per month

Ability to commute/relocate:

• Muvattupuzha, Kerala: Reliably commute or planning to relocate before starting work (Preferred)

Application Question(s):

• Are you from or willing to work at srimoolanagaram/Aluva/Kalady?
• Do you have any prior experience in bank audits or any CA firm?
• What is your expected salary ?
• How many years will you able to work with us in case selected ?

Experience:

• total work: 1 year (Preferred)

Location:

• Muvattupuzha, Kerala (Preferred)

Work Location: In person