Team Lead, Invisibles and Remittances - Lagos, Nigeria - First Bank of Nigeria Limited

Description

ABOUT THE COMPANY

First Bank of Nigeria Limited, is a Nigerian multinational bank and financial services company headquartered in Lagos Nigeria. It is the premier bank in West Africa with its impact woven into the fabric of society.

JOB SUMMARY

Education First Degree in any discipline Trade Certification (CDCS, CSDG, CITF) Master's degree and other professional certification (added advantage)Experience: 8-10 years of experience in Trade Functions

RESPONSIBILITIES

Responsible for overall coordination, management, administration, and delivery of all Form A and Invisible Products and Services (CCI, PTA, BTA, ESTACODE, Vendor and Dividend Payments and Remittances, CCI and Profit Repatriation, and all other invisible payment products and services) Provides leadership in the process of enforcement of compliance with regulatory dictates, ensuring that the provisions of the dynamically changing foreign exchange manual and relevant international rules are complied with in the process of delivery of Form A and Invisible Products and Services. Oversees the process of mandatory compliance with the requirements of form A registration ensuring and enforcing submission of all regulatorily dictated documentation. Handles the process of engagement with the regulators, internal and external stakeholders, local and foreign counter parties on product, process and platform development for Invisible products, providing enabling environment for product growth and delivery in the bank. Oversees the process of daily and periodic reconciliation of Nostro, GL and Suspense accounts, ensuring open items are timely closed. Oversees the process of administration and management of associated operational risks ensuring that process and operational risks are identified with the risk mitigants put in place to avoid risk crystallization. Develops and handles capacity enhancement, skills building and knowledge transfer plans and programs for the team members.

REQUIRED SKILLS

Reporting, Accounting, Auditing of accounts, Compliance, Account management

REQUIRED EDUCATION

Bachelor's degree