Authorizer WBO Ops

Hiring for A Leading Private Sector Bank

1 - 6 Years
Jharkhand Other, Sikkim Other

Job Description

Our prestigious client which is a well known Leading Private Sector Bank has an opening for Authorizer - Wholesale Banking Operations in their organization. Following are the details:

Job Purpose:
Authorization of transactions in the branch for various functions as per laid down process and reporting any deviations and getting the same ratified by the senior.

Nature of the Job:
  1. Clearing operations
  2. CMS operations
  3. Depository operations
  4. System security
  5. Voucher/Record management

Job Description:

Inward Clearing:

  • Authorize all Inward clearing instruments within the cut-off timings without exceptions.
  • Tallying of chequesreceived verification and authorization of entries.
  • Book receivable or payables under intimation to the unit-in-charge.

Handling of Returns and Referrals:

  • Identify and return eligible cheques to the presenting bank.
  • Raise referrals for cheques as applicable including Co-operative Bank cheques and follow-up.
  • Maintain cheques return register and other records.
  • To ensure timely processing of all cheques within the cut off time and return the same within the permissible time.
Outward Clearing:

  • Authorization of all outward clearing entries within the cut-off timings without exception.
  • Verification and authorization of all entries before presentation in outward clearing.
  • Ensure inward returns and ensure Nil exceptions.

Co-operative Bank Cheques:

  • Authorisation of Co-operative Bank funding sheets and validation of Co-operative Bank cheques received against funding sheet.

Nostro and Suspense account monitoring:

  • Daily reconciliation of nostro accounts.
  • Record balance of all relevant suspense accounts as per the process.
  • Fortnightly reporting of suspense/monthly nostro accounts after due verification with relevant details.
  • Safe custody of Nostro account cheque book and judicious use of the same.

Transfer Cheques:

  • Verify and Authorize the transfer cheques as per the process without exception.

Authorization of all CMS instruments/transactions:

  • Verification and Authorization of all cheques received for collection without exceptions.
  • To ensure dispatch of the schedules to the right location in time.
  • To ensure timely presentation of cheques received under schedules for collection after due verification and related activities.
  • Follow-up for schedules in case not received as required / send tracers.

Remittances/Bankers to the Issue/Regional Rural Bonds:
  • Issuance of instruments like Demand Drafts/Manager Cheques etc. as per prescribed process.
  • Safe custody of numbered instruments and maintenance of proper records.
  • Timely processing of all Bankers to the Issue applications received at the branch.
  • Timely processing of all Regional Rural Bond applications and related activities.

Transfer Cheques:

  • Verify and authorize the transfer cheques as per the process without exception.

Suspense account monitoring:
  • Record balance of all relevant suspense accounts as per the process.

Follow up of Clean Schedules:
  • Ensure timely realisation of clean schedules and effective tie-ups with other banks to reduce the realization cost.

Depository operations:
  • Processing of Delivery Instruction Slip, Delivery Instruction Booklet, Pledge instructions.
  • NSDL KYC Registration Agency/Know Your Customer forms processing
  • Normal account closure processing
  • Transfer cum closure cum waiver (TCW) account closure processing
  • Transmission cum closure of account request processing
  • Various account modification requests processing like Change of address, change of mandate/debit bank account details, nominee details, change of name individual/corporate, change in authorized signatories, freeze/unfreeze request and etc.
  • Dematerialization Request Form (DRF) processing
  • Conversion of mutual fund into dematerialized form requests processing
  • Rematerialization/Redemption request processing
  • Appropriate record keeping of undelivered or rejected Dematerialization Request Forms.
  • Co-ordination with customer/Depository Central Processing Unitsfor undelivered Delivery Instruction Books.
  • Supportive interaction with Retail, Region branches for query resolution.
  • Adequate legal representation/co-ordination for cases
  • Motivate/educate staff for smooth and streamlined operations.
  • Convey failed/rejected transactions to the clients, send proper intimation.
  • Mark off the available slips prior to closing accounts.
  • Mandatory call back of all reports.
  • Generation and tally of daily reconciliation of reports
  • To obtain dormancy confirmation from customer
  • Confirmation to be obtained from customer for 5 or more International Securities Identification Numbers to be transferred.
  • Ecall back activity to be completed on same day
  • As a precautionary measure, in-house concurrent audit activity to be done.
  • Scanning and uploading of Delivery Instruction Slip.
  • Focusing the clients who are eager to avail Speed-e/iDeas facility.
  • Interacting with Customer, query handling, complaint management.
  • Handling of audits.
  • Review and sustenance of Quality initiatives viz. 5S etc.
  • Record maintenance of vouchers and register within the Record Maintenance system.
  • Handling of any other product or task given by senior management.

System Security:
  • To ensure there is no sharing of system passwords in the section.
  • To ensure that the process for password handover/takeover is followed.
  • To ensure timely servicing of all equipment and testing of backup systems.

Voucher/Record Management:
  • To manage all vouchers and records as per laid down guidelines.
  • Archive Print and file approval mails for Referrals.
  • To ensure that rubber stamps are affixed as prescribed.
  • Timely processing of all records in the RMS/Archival system as per laid down guidelines.
  • To liaise with Record management agency for storage/retrieval of records.

Salary: Not Disclosed by Recruiter

Industry:Banking / Financial Services / Broking

Functional Area:Financial Services, Banking, Investments, Insurance

Role Category:Operations/Processes/Finance/Legal

Role:Operations Officer


Desired Candidate Profile

Please refer to the Job description above

Company Profile

RiverForest Connections Private Limited

A Leading Private Sector Bank
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Contact Company:RiverForest Connections Private Limited