Vault Custodian & Teller Authorizer - Cash Processing Center

IDFC FIRST Bank


Date: 2 weeks ago
City: Raipur, Chhattisgarh
Contract type: Full time
Job Requirements

Job Requirements

Role/Job Title: Senior Analyst-Currency Management

Function/ Department: Currency Management

Job Purpose

To ensure Currency operations at Cash Processing Centers. All the Branch & ATMs to be sufficiently stocked of cash and no instances of cash outs.

Roles & Responsibilities

  • Ensure cash sorting on daily basis with zero pendency as per TAT and ensuring optimum utilization of NSM & resources.
  • Ensure vault is always under dual custody.
  • Ensure all the registers are properly updated with dual authentication.
  • Training to branches on security features of Indian Banknotes at regular intervals
  • Ensure timely opening of vault and availability of cash to CIT custodian.
  • Ensure proper cash dispensing branch wise with no errors.
  • Supervision of Cash sorting in the processing room and ensure cash is sorted as per internal guidelines.
  • Adjudication of mutilated notes as per RBI norms and NRR.
  • Managing cash inflows and outflows from chest vault and periodical balancing during the day
  • To have knowledge of NRR to adjudicated notes and to get full value during RBI remittances.
  • Proper scrutiny and upkeep of key registers and keys.
  • Discrepancy accounting and acknowledgement for discrepancies to be shared with branches/vendors.
  • Suspect notes to be manually screened for security features missing and impounded with forged note stamp.
  • Taking up with Currency Control Unit for process improvements in the vault operations/sorting activities.
  • Duplicate set of Vault keys are lodged at offsite location and exchanged at half yearly intervals.

Education Qualification

Graduation: Bachelor of Commerce (B.com) / Bachelor of Science (B.Sc) / Bachelor of Arts (BA) / Bachelor of Business & Insurance (BBI) / Bachelor of Management Studies (BMS)

Post-Graduation: Master of Business Administration (MBA) / Master of Commerce (M.com) / Master of Arts (MA)

Experience: 2 to 5 years of relevant experience in Currency Management

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