Head, Transaction Banking Operations at First Bank

Ref Id: 1900000Y
Location: Lagos
Job: FBN GEN. Job Family
Organization: Technology and Services
Schedule: Regular
Shift: Standard
Job Type: Full-time

Description

• Provide both short and long-term direction for the overall business strategy of the department which includes International Trade processing, Funds transfer: Inwards and Outwards, Foreign Currencies Management/Payments Import and Export transactions, Foreign cheques clearing and Money transfer back Office, Payment for offshore services.
• Implement the activities of the department in a cost-effective and lawful manner on all import/export activities for the bank’s customer.
• Maintain and share with the bank’s management team personal knowledge of all relevant import/export and Funds Transfer regulations and laws as well as procedures; tariffs and duties; licenses and restrictions at all times
• Provide Marketing support for relationship Managers
• Advisory role to customers and relationship managers
• Provide Training/ educational support to Relationship Manager and Operation Staff.
• Ensure all processes are carried out timely and in compliance with laid down policies and regulations
• Ensure that the regulatory requirements of the supervisory bodies are met: CBN, NDIC etc.
• Periodical review of industry competitive environment for the purpose of evolving appropriate strategies to deepen the bank’s market share.
• Risk management in relation to the various roles of the EFT unit (FIP, RTGS, Ebills, First Monie transactions and NIBSS Central mandate Management system platform.
• Manage the unit that oversee staff payroll, Benefits and compensations, Ex-staff settlements, Staff welfare loans, Statutory remittances – PAYE, NSITF, NHF, PFA and Staff payment ledger accounts
• Liaise with HCMD and FINCON on timely resolution of issues concerning staff payment transactions

Qualifications
Education:

• Minimum Education: First Degree in any discipline preferably Numerate, higher degrees/Professional certifications (nice to have)
• Problem solving - capacity to analyze situations, diagnose problems, identify key issues, establish and evaluate alternative courses of action and produce a logical, practical and acceptable solution
• In depth knowledge of analysis of L/C and Standby terms including that of risk participation and syndication and all types of bonds and guarantees.
• Ability to think strategically and assist in the organization
• Detailed knowledge on Trade processing and operations
• Strong business sense and commercial judgment
• Good communication and interpersonal skills.
• All round managerial / leadership qualities
• Detailed knowledge of the bank's mainframe system, and its related systems would be an advantage.
• Good knowledge of Local and foreign  Laws and Regulations as it relates to International trade
• Knowledge of various Trade Products and mix to maximize profitability for the bank as well as the importer.
• Must have an in-depth knowledge of import/exports, LC’s, trade transactions, FX rates and banking procedures and charges including that of risk participation.
• Have strong commercial acumen with the ability to analyze the impact of FX and interest rates and delays in shipments on the business
• Thorough knowledge in various ICC publications especially UCP 500 & 600, ISBP, ISP 98, URR 525, URC 522, CBN Foreign Exchange Manual, various ICC publications.
• In depth knowledge of analysis of Standby terms including that of risk participation

Experience:

• Minimum experience: 18-year relevant working experience in foreign operations.