Cash Transactions - Verification

- Conduct surprise physical cash verification at the branch, ATM, and agency vault, ensuring proper custody and safekeeping.
- Verify cash replenishment agency operations and account reconciliation.
- Scrutinize daily cash transactions for anomalies, particularly large receipts or payments.
- Confirm that cash verification is done by an officer independent of the joint custodian.
- Ensure all cash transactions of 10 lakh or more are reported in CTR.
- Verify PAN/Form 60 compliance for cash transactions of 50,000 or more.
- Check insurance cover for inward and outward cash remittances.
- Review currency chest transactions and timely reporting to RBI.
- Report and verify counterfeit currency.

Deposits - Verification

- Verify adherence to KYC/AML guidelines and FATCA/CRS compliance for all customer accounts.
- Ensure proper handling of large term deposits, particularly repayments in cash exceeding limits.
- Examine high-mortality accounts and dormant account revival processes.
- Ensure accurate reporting of Suspicious Transaction Reports (STR).
- Confirm the transfer of unclaimed deposits (10+ years) to RBI.
- Ensure senior citizen advantages are applied correctly.
- Verify changes to customer account details (address, PAN, etc.) per bank guidelines.

Loans & Advances - Verification

- Confirm loans and advances are sanctioned per delegated authority and documented correctly.
- Verify securities and their proper registration, and ensure correct entry in the system.
- Monitor compliance with prudential norms (income recognition, asset classification, provisioning).




- Validate follow-up actions for overdue loans, including physical verification of securities.
- Confirm all loan transactions are processed via the LLPS system.

LC/BG - Verification

- Ensure Letters of Credit and Bank Guarantees are issued as per standard formats.
- Verify margin, security, and terms of payment for compliance with sanction guidelines.
- Confirm government guarantees for state SPVs and verify the project's financial feasibility.

Foreign Exchange Transactions - Verification

- Ensure compliance with ECGC and exchange control regulations for export bills.
- Verify operations in foreign currency accounts (NRE, FCNR, etc.) follow applicable rules.
- Monitor SWIFT operations and ensure proper logging and entry in the system.
- Confirm compliance with export finance terms and conditions.

Compliance & Miscellaneous - Verification

- Ensure compliance with tax regulations (TDS, GST, etc.) for all payments and bills.
- Monitor fraud reporting and confirm corrective actions.
- Verify the proper custody and movement of keys and sensitive documents.
- Ensure adherence to RBI and other regulatory guidelines across operations.

Job Type: Full-time Pay: ₹10,000.00 - ₹38,056.26 per month

Application Question(s)

- Are you from or willing to work at srimoolanagaram/Aluva/Kalady?
- Do you have any prior experience in bank audits or any CA firm?
- What is your expected salary ?
- How many years will you able to work with us in case selected ?

Experience:
- total work: 1 year (Preferred)

Work Location: In person

📌 Bank Audit Staff (Kothamangalam)
🏢 K J AJITH AND ASSOCIATES
📍 Kothamangalam