C&S;:Currency Chest HeadINTERNAL USAGE:No. of Vacancies: Reports to:Head � Clearing & SettlementIs a Team leader?YESTeam Size:250-300 Grade:Senior Vice President-IBusiness:Retail OperationDepartment:�Clearing & SettlementSub-Department:Currency ChestLocation:MaharashtraAbout Name of BU� Monitoring overall �Currency Chest Operations as per the regulatory guidelines

� Liasoning with the RBI-Department of Currency Management-Central office for support required at local issue office.

� Coordination with the� Internal -Department for support.

� Establishment of Forged note vigilance cell at CO and adhering to its functions across the Currency Chest

� Setting up the quarterly CBL within the assigned limit by RBI, also ensure each chest maintain the balance within the limit

� Reviewing of Branch CRL on Half yearly basis in coordination with BIU & communicating to Branches.

� Dissenting the RBI instruction to the Currency Chest for conducting the chest operations within the compliance

� Visit to Currency chest- Annual & FNVC visit on periodic intervals

� Running through Governance template for checking real time status of various parameters as mentioned in the checklist

� Tracking conduct of the audits on timely basis as defined by regulator and checking availability of closure report

� Set-up/ Relocation of Currency chest- Coordinating with Circle BBO and CRES right from site selection to inauguration and operationalization of chest

� Expense management- Setting up a yearly budged and ensure that the expenses are within the allocated budget.

� Hiring and SLA execution with Sorting and CIT agencies

� Automation of Currency Chest processes

� Ensure that updation of �Currency Chest manual on regular interval

� Ensure that all Currency Chests are within Chest balance Limit( CBL)

� Ensure that all Currency Chests unsorted cash





� Representing bank in SLSC/SCCM meetings of RBI issue offices across bank and submission of the reply on the banks actionable

� Take appropriate measures to mitigate the risk identified in RCSA to improve the EGRC rank.

� Conducting RCA if any lapses found

� Yearly assessment (PMS) of the Currency Chest staff

� Provide necessary inputs and material to Training Team for effective training for Branch teller/ CC staff and avoiding any regulatory penalty.

� Mentor and coach team members to progress within system by following the Banks Core Values and professionalism.

� Support and guidance to Currency Chest team

C&S-Currency; Chest

What is its contribution towards the organization?

All the Currency Chest should followed the Internal & regulatory guidelines & this would help to perform better for the organization.

What is the size of the operation the position manages and supports?

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Total size of the operation is 4-5 people in the currency chest.

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Key Responsibilities

� Liasoning with RBI / Circle office /Other Bank/ Branches /Central office

� Monitoring of Currency Chest Operations as per the regulatory guidelines���

� Follow the regulatory guidelines ( RBI/ Safety security/Internal)��

� Automation of Currency Chest Process��������������������

� Monitoring of Currency Chest CBL & Branch CRL

� Dissenting the RBI instruction to the Currency Chest

� Execution of SLA

� Support & Guidance to Currency Chest.

QualificationsOptimal qualification for success on the job is:

� Post Graduation

Role Proficiencies:For successful execution of the job, the candidate should possess the following:

� Total� 10-12 year Work experience in Branch Banking operations. Past experience related to the job role will be preferred

Refer to the

📌 C&S:Currency Chest Head (Mumbai)
🏢 Axis Bank
📍 Mumbai