firstly,yes i am confident the manager will lose his job as he has been proceeded against legally already.he has plead guilty of having perpetrated the fraud singlehandedly,without anybody's knowledge.
yes,the bank is going to lose a large amount of money.while the manager did it in a premeditated manner,my inexperience,ignorance and negligence was also instrumental to an extent.because the branch was a new one and was handled entirely by first timers (the manager being the only exception) it continued over a long period of time.
its a case of fraud.i was hardly 10 months into my job when i was transferred to this branch.i joined my organisation as a probationary officer where the stipulated probation period comprises of 24 months.the fraud is said to have continued over a period of 21 mnths,and i was there for the entire period.It maybe noted that out of those 21 months,i was in probation for 14.i relied on the guidance of the manager (who already had an experience of 6 odd years in the bank) for discharge of my duties in the branch.during this period the branch had been visited by auditors twice and they had found the branch free from serious issues.but suddenly in the earlier part of this year a fraud involving a huge amount was unearthed.it was revealed that the branch head had perpetrated the fraud misusing the login credentials of some officers,i being one of them.though others escaped by saying that they had not shared their passwords (even though they had) i am in trouble as i admitted to having shared password only under urgent situations when the branch operations would have been stalled had i not.i was charged with having broken extant rules,dereliction of duty and working perjudicially to the employer's interest.An inquiry was ordered and the inquiry officer found me guilty of having broken extant rules,dereliction of duty for which the fraud being perpetrated by my supervisor went unnoticed.
i have put across my explanation and position ,emphasising the fact that due to circumstance prevalent at that point of time like manpower shortage,workload,urgency of the situation i had to share my login credentials,which i was confident would not be misused by a senior.i also pointed at my relative inexperience,role of the manager in misguiding me in areas where i had no prior experience. i have also pointed out other flaws that the inquiry was suffering from.for eg the management side has failed to produce any evidence relating to negligence yet the inquiry officer has held me guilty of the same.my defence representative,who himself is an officer in the bank told me it's natural for the inquiry officer to hold you guilty of charges as he also is a unit of the mgt.
it is clear that the management is not amenable to any rationalising,reasoning etc.it is also clear that the inquiry process where you are supposed to get a fair hearing,in this case turned out to be just an exercise in tokenism so that if tomorrow i approach the court of law alleging bias or unfairness they can insist that principles of natural justice have not been violated in this case.