KCB BANK
KEY RESPONSIBILITIES
Participate in counting and verification of cash from branches, BOU, CDMS, inter-bank or other agencies
Ensure dual control on all cash transactions and post cash transactions in the core banking system as per laid down procedures.
Ensure that the bank is safeguarded against penalties, losses and frauds
Timely preparation of all the necessary documentation for all cash transactions e.g Swift messages to BOU
Monthly preparation and reconciliation of CIT schedules versus CIT service invoices billed to the bank to guard against invoicing fraud
Ensure adequate and excellent record keeping of all unit records including transaction vouchers
Participate in cash knowledge dissemination to bank staff across the branch network
Represent the bank as a cash agent in all cash transactions with the inter-bank and BOU
Participate in identification of risks affecting the unit and report all risk incidents through appropriate channels
Custody of unit keys & other bank valuables in the unit including CIT seals ensuring their register is maintained up-to-date.
Reconciliation of suspense accounts/GLs under the Cash Management Unit as per predetermined frequency.
DAILY RESPONSIBILITIES
Receipt, counting and verification of cash from/to branches, CDMs, BOU, inter-bank & other channels
Raise vouchers and post cash related entries in the core banking system under proper segregation.
Report on branch cash positions daily for proper cash planning
Lodgment/withdraw of cash to and from vault under dual control.
Update cash registers for all currencies held to ensure cash positions are a reflection of system GL balances
MINIMUM QUALIFICATION REQUIREMENTS
Bachelors’ degree in a business-related field
Possession of a masters degree or professional qualification in banking is an added advantage
At least 1 year experience in banking with knowledge of cash handling in a financial institution
Knowledge of cash risk management, banking policies & procedures
