Job Description:

Role Overview

The Banker Authorizer is responsible for verifying, validating, and authorizing financial and non-financial transactions in accordance with bank policies, RBI guidelines, and internal control frameworks. The role ensures zero-error processing, compliance adherence, fraud prevention, and smooth branch/operations functioning.

Key Responsibilities

1. Transaction Authorization & Verification

- Authorize cash and non-cash transactions entered by the maker.

- Validate high-value transactions as per approval limits.

- Approve NEFT/RTGS/IMPS, fund transfers, cheque payments, and charge reversals.

- Verify signatures, KYC documents, and account details before approval.

- Ensure maker–checker compliance for all operations.

2. KYC, AML & Compliance

- Validate customer KYC, CDD, and EDD wherever applicable.

- Conduct AML checks, sanctions/PEP screening, and monitor suspicious activity.

- Ensure transactions adhere to RBI, internal compliance, and audit requirements.

- Ensure branch follows regulatory guidelines and operations policies.

3. Customer Account & Service Authorization

- Approve account opening requests (CASA, Term Deposits, NRI, minors, etc.).

- Authorize modifications: mobile/email updates, address change,



nomination update.

- Approve service requests such as stop payments, cheque book issue, DD/PO issuance.

- Validate and authorize dormant-to-active account requests.

4. Operational Control & Risk Management

- Maintain dual control over vault, keys, ATM cash loading, and sensitive stationery.

- Review daily control reports, exception reports, and system overrides.

- Flag and withhold suspicious, incomplete, or risk-prone transactions.

- Ensure accurate documentation and rectify operational discrepancies.

5. Audit, Reporting & Documentation

- Support internal/external audits by providing required data and compliance evidence.

- Maintain authorizer logs, system reports, and exception registers.

- Ensure adherence to SOPs and minimize audit observations.

- Ensure error-free processing and continuous improvement in branch operations.

Key Skills Required

- Solid knowledge of banking operations & compliance

- KYC/AML/EDD understanding

- Eye for detail & accuracy

- Decision-making & risk assessment

- Customer service orientation

- Proficiency in Core Banking Systems (Finacle, Flexcube, BaNCS, etc.)

📌 IDFC Bank/ Banker Authorizer/ Bangalore Belagavi
🏢 Acura Solution
📍 Belagavi