Job Description:

Role Overview

The Banker Authorizer is responsible for verifying, validating, and authorizing financial and non-financial transactions in accordance with bank policies, RBI guidelines, and internal control frameworks. The role ensures zero-error processing, compliance adherence, fraud prevention, and smooth branch/operations functioning.

🛠 Key Responsibilities

1. Transaction Authorization & Verification

• Authorize cash and non-cash transactions entered by the maker.

• Validate high-value transactions as per approval limits.

• Approve NEFT/RTGS/IMPS, fund transfers, cheque payments, and charge reversals.

• Verify signatures, KYC documents, and account details before approval.

• Ensure maker–checker compliance for all operations.

2. KYC, AML & Compliance

• Validate customer KYC, CDD, and EDD wherever applicable.

• Conduct AML checks, sanctions/PEP screening, and monitor suspicious activity.

• Ensure transactions adhere to RBI, internal compliance, and audit requirements.

• Ensure branch follows regulatory guidelines and operations policies.

3. Customer Account & Service Authorization

• Approve account opening requests (CASA, Term Deposits, NRI, minors, etc.).

• Authorize modifications: mobile/email updates, address change, nomination update.

• Approve service requests such as stop payments, cheque book issue, DD/PO issuance.

• Validate and authorize dormant-to-active account requests.

4. Operational Control & Risk Management

• Maintain dual control over vault, keys, ATM cash loading, and sensitive stationery.

• Review daily control reports, exception reports, and system overrides.

• Flag and withhold suspicious, incomplete, or risk-prone transactions.

• Ensure accurate documentation and rectify operational discrepancies.

5. Audit, Reporting & Documentation

• Support internal/external audits by providing required data and compliance evidence.

• Maintain authorizer logs, system reports, and exception registers.

• Ensure adherence to SOPs and minimize audit observations.

• Ensure error-free processing and continuous improvement in branch operations.

🎯 Key Skills Required

• Strong knowledge of banking operations & compliance

• KYC/AML/EDD understanding

• Eye for detail & accuracy

• Decision-making & risk assessment

• Customer service orientation

• Proficiency in Core Banking Systems (Finacle, Flexcube, BaNCS, etc.)