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Senior Analyst-Currency Management

2.00 to 6.00 Years   Rajkot,Other Gujarat   22 Feb, 2025
IDFC FIRST Bank
Job LocationRajkot,Other Gujarat
EducationNot Mentioned
SalaryNot Disclosed
IndustryBFSI
Functional AreaNot Mentioned
EmploymentTypeFull-time

Job Description

    Job RequirementsRole/Job Title: Senior Analyst-Currency ManagementFunction/ Department: Currency ManagementJob Purpose:To ensure Currency operations at Cash Processing Centers. All the Branch & ATMs to be sufficiently stocked of cash and no instances of cash outs.Roles & Responsibilities: Ensure cash sorting on daily basis with zero pendency as per TAT and ensuring optimum utilization of NSM & resources. Ensure vault is always under dual custody. Ensure all the registers are properly updated with dual authentication. Training to branches on security features of Indian Banknotes at regular intervals Ensure timely opening of vault and availability of cash to CIT custodian. Ensure proper cash dispensing branch wise with no errors. Supervision of Cash sorting in the processing room and ensure cash is sorted as per internal guidelines. Adjudication of mutilated notes as per RBI norms and NRR. Managing cash inflows and outflows from chest vault and periodical balancing during the day To have knowledge of NRR to adjudicated notes and to get full value during RBI remittances. Proper scrutiny and upkeep of key registers and keys. Discrepancy accounting and acknowledgement for discrepancies to be shared with branches/vendors. Suspect notes to be manually screened for security features missing and impounded with forged note stamp. Taking up with Currency Control Unit for process improvements in the vault operations/sorting activities. Duplicate set of Vault keys are lodged at offsite location and exchanged at half yearly intervals.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: 2 to 5 years of relevant experience in Currency Management,

Keyskills :
Cash ManagementTrainingSupervisionAdjudicationCurrency OperationsCash SortingVault ManagementCash InflowsOutflows ManagementDiscrepancy Accounting

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