Citi Bank Zambia
About the job
Job Id: 22530919
Purpose of the Position:
The Cash Officer is responsible for organizing and coordinating cash operations and procedures in order to ensure organizational effectiveness and efficiency.
Scope:
The Cash Officer reports to the Senior Operations Officer and is responsible for providing supervising tellers and outsourced staff handling cash deposits for Citibank customers.
Job Description:
Hold joint /dual custody of the bank’s liquid asset (cash) and ensure efficient supply and distribution to meet operating requirements.
To ensure controls in cash processing and disbursements are maintained
Responsible for supervising the cash and counters unit
Managing cash centers –G4S and Armaguard
Provision of high quality customer service
Custodianship for vault main door
Evaluates daily cash levels and ensures they meet operating needs.
Maintain vault cash levels to their minimum, levels as per vault cash limit exceptions from CSIS.
To maintain and provide cash balances for the branch.
To ensure all surplus cash is shipped to central bank or exported to Credit Suisse
Revision of procedures according to banks policies and regulatory requirements.
To ensure procedures are followed to ensure proper handling of cash by the staff.
To ensure that compliance of vault cash balances are within limit.
To examine each of the tellers’ position to ensure that cash are within approved limits, at the end of each business day
To ensure tellers cash positions are the same as system balance at every end of day
To ensure that all tellers’ cash related boxes are locked into the vault and the main door closed properly at the close of business each day
Monitor the cash balances for the vendor vaults to a minimum level to avoid risks.
Perform daily reconciliations of the vendors vaults
To provide guidance to the vendors, G4S/Armaguard on vault balances.
To provide to central bank weekly and monthly cash balances for both Citibank and vendor’s vaults
To all checks are sent for clearing regularly to avoid losses
To reconcile the operating accounts(open items report)
Review and approve supply requisitions such as office stationery and working tools for the department
Orient and train new employees in the department
To prepare Job description for new employees
Provide on the job and other training opportunities for the staff in the department
Evaluate staff performance and grade them according to performance
Key Roles and Responsibilities:
Transaction authorizations for the unit
Verification of vault balances against system balances
To approve and check central bank deposits and withdrawals
Ensure alertness to risk of money laundering and assist in the bank’s effort in combating it by reporting all suspicious transactions, safe guarding records and not disclosing to customers.
Manage maintain cash limits both in the branch and cash centers to and ensure prompt repatriation of excess
Plan and co-ordinate delivery and collection of cash to and from central bank
Ensure foreign cash held is within set limits
To consistently check and monitor teller differences
Meet customers specified requirements within the pre-established standards of quality
Responsible for corrective and preventive action for the job function
Good KYC in order to mitigate fraud risk
Processing cash entries for G4S
Reconciliation of deposits for customers for cash counted at the G4S cash centre.
Any other duties assigned by the supervisor
To apply for this job please visit jobs.citi.com.