Management Trainees In Various Department

    
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BASIC QUALIFICATION 
 
A First Class Commerce Graduate
with CA (Inter) / CA / CFA / MBA (Finance) / LL.B.
 
EXPERIENCE: 
 
Minimum 2 years of experience in Core Banking operations viz. Credit / Accounts / Operations / Audit / Recovery etc is desirable.
 
TRAINEE DURATION 
 
Two years Trainee period with consolidated stipend per month.
 
FUTURE PERSPECTIVE (GROWTH PLAN) 
 
Shall be absorbed as Assistant Manager after the successful completion of two years Trainee Period.
 
AGE 
 
Maximum 30 Years
 

MANAGEMENT TRAINEE – CREDIT DEPARTMENT

JOB ROLE -  
 

To assess and make decisions about customer credit applications using a range of criteria including purpose of application, credit viability, customer payment history and customer credit-worthiness. He /She must be able to handle very high levels of responsibility in their jobs – some lending proposals may be for sizeable amounts.

  • Gathering information about clients.
  • Reading financial briefings.
  • Assessing, analysing and interpreting complicated financial information.
  • Undertaking risk analysis by developing statistical models.
  • Visiting clients.
  • Keeping company credit exposures within set risk bearing limits.
  • Completing loan application forms and submitting to loan committees for approval.
  • Using credit-scoring systems for small credit amounts (such as small unsecured personal loans).
  • Keeping knowledge of key issues up-to-date (for example legal, market risk and compliance issues).
  • Helping to enhance the quality of credit applications.
  • Making recommendations about procedural/policy changes.
  • Attending court cases.
  • Briefing Management on legal aspects to help in decision making.
  • Any other relevant roles & responsibilities assigned by the higher authorities.

MANAGEMENT TRAINEE- RECOVERY DEPARTMENT

JOB ROLE 
 
  • To complete the recovery process notes and various reports to be submitted before higher-ups on time to time.
  • Good communications skills as to make effective correspondences with customers and Regulatory Authorities.
  • Must have knowledge of Co-operative Banking operations, documentations etc. with requisite legal background.
  • Should co-ordinate for inter-departmental work/audit/follow-up etc.
  • Well conversant with words and excel.
  • Any other relevant roles & responsibilities assigned by the higher authorities.

MANAGEMENT TRAINEE- AUDIT & INSPECTION DEPARTMENT

JOB ROLE 
 
  • Preparation of executive summaries containing major observations reported in concurrent audit report of Branches to place before Audit Committee. Bifurcation of major and minor irregularities reported in the concurrent audit report of the branches.
  • Carrying out surprise verification of cash and gold parcels. Assisting in Statutory Audit / RBI Inspection., coordinating IS Audit, compiling Compliance of IS Audit, Audit of account opening forms at BOOD as and when required.
  • Follow up of compliances of monthly and quarterly audit report of all branches and Departments of Head Office as well as Back Office Operations Department (BOOD).
  • Review of compliances submitted by the Branches then to forward list of un-rectified queries to Branch and follow-up with branch for rectification of those queries. Follow up for un-rectified queries of Back Office Operations Department.
  • Payment of Audit Fees of concurrent auditors. Forwarding details of TDS returns pertaining to Audit Department.
  • To provide assistance and information during Statutory Audit required by Statutory Auditors.
  • To keep Follow up of compliances of Statutory Audit Report and compilation of compliance of Statutory Audit Report. Compliance of Statutory Audit is required to be submitted to the Registrar within specified period.
  • To conduct investigations of frauds, to gather information from available sources such as OMNI system, documents available etc and to submit the report on the basis of factual position.
  • Conducting snap audits in terms of branch visits are made to cover areas of operations, advances including documentation or other areas specified in the scope and after discussion with branch manager, final report to be submitted.
  • Any other relevant roles & responsibilities assigned by the higher authorities.

MANAGEMENT TRAINEE – ACCOUNTS & BANKING OPERATIONS DEPARTMENT

 
JOB ROLE  
 
  • Preparing Deposit/Advance daily position.
  • To run the daily reports of branches and follow up for IBT reconciliation.
  • Preparation of RBI returns - Form B, Form IX, Form IX Special, Form I, Monetary aggregate, Form VI, Form VIII.
  • RBI returns - UCB's Investment in other UCBs.
  • Sending reports to Income Tax Dept. regarding Term Deposits of Rs. 2 lakh and above.
  • Listing and reconciliation of Tax Challans in the system.
  • Online Tax challans entries.
  • Fund Withdrawal from various banks.
  • Reconciliation of various Bank accounts.
  • Making entries for DD Funding and sending details of cheques.
  • Outward Clearing.
  • Verification of receipt of Service tax related bills.
  • Coordination with branches in terms of relevant transactions.
  • Any other relevant roles & responsibilities assigned by the higher authorities.