Duties and Responsibilities of Bank PO?  

If you are one of those candidates who want to work as a PO (Probationary Officer) in one of the banks in India, you must know the job responsibilities of a bank PO first. This article might help you in this.

Bank of Baroda Recruitment 2014

The role of a PO in the bank may differ according to the department he/she is assigned with

Duties of a PO as Retail Banking Operations / Loan Officer

• Loan Processing: Processing Personal Loan, Housing Loan, Gold Loan, Deposit Loans, Overdraft accounts.

• Analyses of Financial Statement: Analyses of Profit and Loss account, Balance Sheet, Bank Statements to calculate repayment capacity of borrower.

• Reconciliation: Reconciliation of settlement accounts on & TDS on monthly basis.

• Internal and External Audit: Resolution of queries and remarks given by auditors for various accounts.

• Reporting: Working on various reports for higher authorities.

• Clearing: Clearing of Cheques, NEFT, RTGS and ECS.

• Recovery: Recovery of loans Overdue.

• Locker Operations: Daily Locker operations and timely rent recovery.

• Deposits: Opening various types of deposit accounts.

Duties of a PO in General Banking

• Day to day customer’s inquiry for account balance and other related queries,
• issue of interest / provisional interest certificate,
• generation of daily bank reports, opening savings bank account etc.

Duties of a PO in Treasury management

• Review of daily Cash Management Activities, Manage day-to-day cash operations
• Forecast daily cash requirements and execute daily financing decisions
• Assist in all cash management practices, policies, and procedures related to investments and borrowings
• Manage / forecasting cash payments and anticipating challenges arising from limited cash flow
• Ensured Proper allocation of funds in banks to have minimum Interest cost
• Understand, manage, and supervise all aspects of cash flow
• Manage long-term and short-term investment strategies
• Manage all aspects of In-house investment portfolios
• Manage / supervise commercial paper issuance for group companies.
• Develop understanding of various modes of disbursements (Cheque/ NEFT/ RTGS/ DD’s etc.) and to evaluate the disbursement requirement and be able to liaise with banks on the product and implement the same to the best advantage of the organization
• Ensured timely delivery of all the payments for which requisition has been received from accounts & credit department.