C&S:Currency Chest Head

No of VacanciesReports toHead Clearing & SettlementIs a Team leaderYESTeam Size250-300GradeSenior Vice President-IBusinessRetail OperationDepartmentClearing & SettlementSub-DepartmentCurrency ChestLocationMaharashtraAbout Name of BUMonitoring overall Currency Chest Operations as per the regulatory guidelinesLiasoning with the RBI-Department of Currency Management-Central office for support required at local issue officeCoordination with the Internal -Department for supportEstablishment of Forged note vigilance cell at CO and adhering to its functions across the Currency ChestSetting up the quarterly CBL within the assigned limit by RBI, also ensure each chest maintain the balance within the limitReviewing of Branch CRL on Half yearly basis in coordination with BIU & communicating to BranchesDissenting the RBI instruction to the Currency Chest for conducting the chest operations within the complianceVisit to Currency chest- Annual & FNVC visit on periodic intervalsRunning through Goverce template for checking real time status of various parameters as mentioned in the checklistTracking conduct of the audits on timely basis as defined by regulator and checking availability of closure reportSet-up/ Relocation of Currency chest- Coordinating with Circle BBO and CRES right from site selection to inauguration and operationalization of chestExpense management- Setting up a yearly budged and ensure that the expenses are within the allocated budgetHiring and SLA execution with Sorting and CIT agenciesAutomation of Currency Chest processesEnsure that updation of Currency Chest manual on regular intervalEnsure that all Currency Chests are within Chest balance Limit( CBL)Ensure that all Currency Chests unsorted cashRepresenting bank in SLSC/SCCM meetings of RBI issue offices across bank and submission of the reply on the banks actionableTake appropriate measures to mitigate the risk identified in RCSA to improve the EGRC rankConducting RCA if any lapses foundYearly assessment (PMS) of the Currency Chest staffProvide necessary inputs and material to Training Team for effective training for Branch teller/ CC staff and avoiding any regulatory penaltyMentor and coach team members to progress within system by following the Banks Core Values and professionalismSupport and guidance to Currency Chest teamC&S-Currency ChestWhat is its contribution towards the organizationAll the Currency Chest should followed the Internal & regulatory guidelines & this would help to perform better for the organizationWhat is the size of the operation the position manages and supports-Total size of the operation is 4-5 people in the currency chest--Liasoning with RBI / Circle office /Other Bank/ Branches /Central officeMonitoring of Currency Chest Operations as per the regulatory guidelines-Follow the regulatory guidelines ( RBI/ Safety security/Internal)Automation of Currency Chest Process------Monitoring of Currency Chest CBL & Branch CRLDissenting the RBI instruction to the Currency ChestExecution of SLASupport & Guidance to Currency ChestQualificationsPost GraduationRole ProficienciesTotal 10-12 year Work experience in Branch Banking operations Past experience related to the job role will be preferred