Trade Specialist, Invisibles - 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

Requirements Education: First Degree in any discipline Trade Certification (CDCS, CSDG, CITF), master degree and other professional certification (added advantage).Experience: 3-5 years of experience in Trade Services Functions.

RESPONSIBILITIES

Job Description Responsible for processing 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) for the bank Enforcement of compliance with the 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 in the bank. Handles Form A registration compliance assurance functions Engagement with the internal and external stakeholders on product and technology platform development for Invisible products. Responsible for daily and periodic reconciliation of Nostro, GL and Suspense accounts, ensuring open items are timely closed on Invisible transactions. Operationalize the associated risk control measures on Invisible process/payment and Negotiation functions. Enforces presentation of compliant documents on vendor and service payments Rendition of daily/monthly/periodical reports on Invisible transactions. Attend enquiries and issues resolution requests from the Invisible service customers. Laisse with Treasury on provision of FX for settlement of Invisible transactions

REQUIRED SKILLS

Business development, Cash management, Team leadership, Corporate banking

REQUIRED EDUCATION

Bachelor's degree