C&S:Currency Chest Operations Officer
Axis Bank · Banking & Financial Services
- Coimbatore
- On-site
- Posted today
- Operations & Supply Chain
About the job
C&S-Currency Chest
What is its contribution towards the organization?
Currency chest operation is critical job & also monitor by the RBI. Currency chest is cash operation job providing services to branches as well as ATMs. Currency chest to follow all the 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 5-6 people in the currency chest.
Key Skills-
Financial Acumen – Strong understanding of cash management and banking operations.
Security Awareness – Understanding of security protocols for handling and storing cash
Regulatory Knowledge – Familiarity with laws and regulations governing currency management and banking operations
Integrity and confidentiality – Adherence to ethical standards and maintaining confidentiality of cash operations
Problem Solving skills – Ability to address and resolve issues
Clearing & Settlement: Role description
Executing day to day Currency Chest Operations as per the regulatory guidelines
Monitoring the CRL of the mapped branches in co-ordination with CC Head/Ops Head/ BBO team
Maintaining records of Bi-monthly/Half Yearly/ cash verification/other Audit at the chest.
Handling cash remittance i.e. cash payment to branches and CRAs (ATMs) and cash receipt from branches or CRAs recyclers)
Ensuring proper sorting of notes as per RBI guidelines and monitoring the Sorters at the chest. Handling and managing discrepancies found during sorting.
Ensuring checking and proper packing of Soiled Note Remittance boxes
Liaising with vendors for upkeep of Note Sorting Machines, Counting Machine etc.
Updating entries in CCMS for inward, outward, sorting, bin management etc
Ensuring vigilance keeping security aspects in mind
Monitoring of sorting operations
Accompanying Soiled Note Remittance sent to RBI and handing over of cash to RBI with acknowledgement
Attending RBI CVPS i.e. processing of Soiled Note remitted by Chest
Processing of vendor Bills in P2P
Liaising with COT team for approval
Handling joint custodianship of vault, whenever required
Ensuring Checking and proper maintenance of Safety & Security gadgets
Updating & Maintaining various registers at the Currency Chest
Timely verifying Finacle & CCMS transactions
Monitoring of CIT vehicles as per the RBI guidelines
Reconciliation of Chest cash balance at the EOD.
Submission of MIS as per CO Requirements.
Key Responsibilities
Liaisoning with RBI/ vendors/ Other Banks
Co-ordination with CC Head/Ops Head/ BBO team
Ensuring with regulatory guidelines.
Handling cash remittance i.e. cash payment to branches and CRAs (ATMs) and cash receipt from branches or CRAs recyclers)
Ensuring proper sorting of notes as per RBI guidelines and monitoring the Sorters at the chest. Handling and managing
Excellent problem solving and communication skills
Qualifications
Optimal qualification for success on the job is:
Graduate
Additional Certificate course related to Banking sector
Knowledge of Internal Accounts in finacle, MS excel & MS power points
Role Proficiencies:
For successful execution of the job, the candidate should possess the following:
Experience in branch banking operations preferably as Branch Teller or cash management as a Teller.