Job Description

Job RequirementsJob Title: Lead - Currency Control UnitFunction/Department: Wholesale Banking OperationsJob Purpose:Overseeing & Monitoring of Controls for Currency operations for pan-bank branches and CPCs.Roles & Responsibility:

• Implementation of controls as laid down in process approved by OR & Compliance. Regular review of processes in line with regulatory guidelines.
• Automation of CPC & CSD processes for operational controls. Identifying processes which can be automated through process reengineering.
• Regular revision & monitoring CRL of CPCs as per model to ensure minimum cash holding at CPCs. To liase with BCU for CRL revision/Route plan to optimize cash vans.
• Identifying new Corr. banks/ Vendors for cash management & onboarding in line with TPRM guidelines.
• Regular review of service quality of CIT vendors for timely delivery of cash to Branches. Penalty to be levied for service level issues.
• Timely review and due diligence of all FOS vendors as per TPRM guidelines
• Ensure cash movements at branches are in line with RBI/MHA guidelines on Cash management activities of the Bank & Insurance limits.
• Supervising the vendor service contracts and timely renewal of contracts.
• Close co-ordination with RMs - CPCs/ Unit Manager - CPCs for movement of Non-Issuable/LDNs to nearest CPC centres/ CCs in case no support from local banks.
• Handling Escalations from Business for cash offload/indent request not actioned on time.
• Lessoning with BCU & Branches for identification of Hub branch for long distance cash movements.
• Monitoring high cash holding branches and publishing to Business.
• Presenting Dashboard of cash procurement/offloaded to Other Banks for Senior Management review.
• Regular review of all BGL accounts of CPCs & CSD from Transaction monitoring perspective
• Visits to CPCs & Branches to ensure process compliance across all units.
• Regulatory reporting of all Counterfeit notes at Bank level to RBI, NCRB & FIU-IND.
• Co-ordination with Stakeholders for inputs related to FNVC cell of the Bank.
• Trend analysis of Forged notes detected at Branches/CPCs and update to FNVC Committee.
• Ensuring all the instructions/directions received from Regulators / Law Enforcement Agency are implemented.
• Annual review of BCP documents, SOP & Risk registers for CPC, CSD.

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: 10 - 18 Years of relevant experience.

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