Senior Analyst-Currency Management

Role/Job Title: Senior Analyst-Currency Management

Function/ Department: Currency Management

Job 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