C&S:Currency Chest Joint Custodian
Axis Bank
Mangaluru
6d ago

Location :

Clearing & Settlement

  • 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
  • BBOG-Currency Chest

    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.

    Key Responsibilities

  • 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
  • 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
  • About Axis

    Incorporated in 1994, Axis Bank is one of India’s most trusted banks & the third largest in the private sector. At Axis Bank, customer centricity has always been the foundation of our business.

    Our efforts to address the requirements of a diverse customer cross-section are powered by robust infrastructure, advanced technology, a comprehensive monitoring & control framework & a large talent pool.

    The Bank has a young & engaged workforce of over 70,000 employees, with an average age of 30 years. We are an equal opportunity employer & believe in empowering our employees by offering rich roles, learning opportunities & flexibility to chart their career, their way.

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