C&S:Currency Chest Joint Custodian

Executing day to day Currency Chest Operations as per the regulatory guidelines

Monitoring the Vault operation as Joint custodian

Tallying of Vault cash on daily basis.

Processing of Unsorting cash received from branches within ( T+2) basis.

Adjudication of Notes received from branches

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

Handling CCMS updating for inward, outward, sorting etc

Ensuring vigilance keeping security aspects in mind

Accompanying Soiled Note Remittance sent to RBI and handing over of cash to RBI with acknowledgement

Attending RBI CVPS i.e. reprocessing of Soiled Note remitted by Chest

Ensuring Checking and proper maintenance of Safety & Security gadgets

Updating & Maintaining various registers at the Currency Chest

Reconciliation of Chest cash balance at the EOD.

Timely RBI reporting in E-Kuber

Why does the role exist

There is shortage of currency chest Joint custodian staff to perform the day to day activity.

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 7 people in the currency chest.

Handling of vault as Joint Currency chest

Processing of Unsorting Cash within T+2 basis

Accuracy of payment to ATM , Branches etc

Tallying of cash in vault by EOD.

Co-ordination with CC Head/Ops Head/ BBO team

Follow 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

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

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