Clearing Operations: Ensuring that both Inward and Outward Clearing is managed within the cut-off timings and without exceptions. Ensuring that there are no Outward Counter Returns which might cause exposure to the Bank. Ensuring that all the returns are posted and Value Date is released timely every day. At CTS locations, ensure proper technical verification of Outward Clearing Cheques is in place. Monitor the movement of staff attending P2F (Paper to Follow) sessions. Ensure to conduct Clearing house at regular intervals at BCP centers. Monitoring CTS vendor Outsourcing Processing Nostro account and Suspense accounts monitoring: Daily reconciliation of Nostro accounts. Management of Clearing Funds and maintaining Nostro account balances below prescribed limits. Monitor all Suspense Accounts and maintain the registers. Fortnightly reporting of suspense/Monthly Nostro accounts after due verification and with relevant details. Safe-custody of Nostro account cheques and judicious use o

Advertisements