Authorizer- Wbo - Noida, India - Abacus Consultants

Abacus Consultants

Verified Company

Noida, India

2 weeks ago

Posted by:

Deepika Kaur

beBee Recuiter

Description

Any Graduate

Operations

Job Name - Authorizer WBO (Operation)

Job Title:
(Job Name) - Authorizer WBO

Business Unit (PA) :Operation

Team :
(Sub team in the PA)
Eg :RBB
- West 3 / Retail Agri - Zone 1

Reports to (job): Branch Ops Manager

Location of role:
Pan India

**Job Fn: Operation

Role Type:
Individual Contributor

No of direct reportees:
Nil

Travel Required:
No

**Job Band Range:

JD Created date:
DD-MM-YYYY

JD Updated date:
DD-MM-YYYY

**JD approved by (business):

Version No :2.0

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.

**Job Responsibilities(JR) : - 8 Areas

Actionable (4-6)
Clearing operations

Inward Clearing:

Authorise all Inward clearing instruments within the cutoff timings without exceptions.
Tallying of cheques received verification and authorization of entries.
Book receivable or payables under intimation to the unitincharge.

Handling of Returns and Referrals:

Identify and return eligible cheques to the presenting bank.
Raise referrals for cheques as applicable including Cooperative Bank cheques and followup.
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:

Authorisation of all outward clearing entries within the cutoff 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 Cooperative Bank funding sheets and validation of Cooperative 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 chequebook and judicious use of the same.

CMS Operation

Authorisation of all CMS instruments/transactions:

Verification and Authorisation 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.
Followup 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.

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 tieups 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.
Coordination with customer/Depository Central Processing Unitsfor undelivered Delivery Instruction Books.
Supportive interaction with Retail, Region branches for query resolution.
Adequate legal representation/coordination 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 Number's to be transferred.
Ecall back activity to be completed on same day
As a precautionary measure, inhouse concurrent audit activity to be done.
Scanning and uploading of Delivery Instruction Slip.
Focusing the clients who are eager to avail Speede/iDeas facility.
Interacting with Customer, query handling, compl