Managing dual control and cash limits is a critical responsibility in any
business, but even more so in the financial industry. The teller’s
role is integral to creating solid control processes. This program will
explain the reasoning behind the procedur es, outline potential
consequences of cutting corners, and reinforce the importance of
managing dual controls and working within established cash limits.
Examples of various control logs and procedures will be provided.
- Relating the “fraud triangle” to
- How to maintain the proper cash limits,
including procedures for ordering and sending cash to the Federal
Reserve or your cash courier service
- Dual control issues and
- Vault entry logs and cash
Security logs (e.g., bait money, security device logs, etc.)
Teller and ATM audits
- Financial loss
scenarios to demonstrate internal control breakdowns and resulting legal and
Molly Stull, Brode Consulting Services, Inc.