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  • Posted: Mar 15, 2019
    Deadline: Not specified
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    Stanbic IBTC Holdings PLC is a full service financial services group with a clear focus on three main business pillars - Corporate and Investment Banking, Personal and Business Banking and Wealth Management. Stanbic IBTC Bank legally became part of Standard Bank Group 24th August 2007. The Standard Bank Group merged its Nigerian operations, Stanbic Bank Nig...
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    Branch Control Officer - South West

    • Job Type
    • Qualification
    • Experience 5 years
    • Location Lagos
    • Job Field Banking 


    Job ID: 37217
    Location: Lagos Island
    Job Sector: Banking

    Job Details

    • Risk Management: understanding all risks - from the economic to the political - that could affect our global business, and offering guidance to all parts of the bank

    Job Purpose

    • Build a strong compliance environment to ensure zero level of policy, procedures and regulatory infractions.
    • Ensure prompt and effective call over of branch transactions.
    • Build strong awareness in branch staff on all policy and procedures issues; zero tolerance for open GL Items, unreviewed transactions and income leakages

    Key Responsibilities/Accountabilities
    Key Responsibilities:

    • Call over of Transactions as per the approved threshold.
    • Carrying out spot checks and review of activities in the branches under coverage, cash count and vault administration, funds transfer, Clearing processes and returned cheques, etc, ensuring adherence to policies and procedures
    • Review of system exception override message report.
    • Review of GL/P&L Movement Report.
    • Conduct Seriality checks /test on Managers Cheque/Bank draft in the branches under coverage.
    • Review of Suspense/Transit/Proxy Accounts.
    • Review of expense and cash advances and ensure conformity with laid-down policies.
    • Carrying out security sweep at least once in a month.
    • Daily review of accounts closure and transfers.
    • Ensure complete and accurate recognition of all fees and charges on every relevant account.
    • Review of Fixed Asset Register
    • Review of Finacle users’ profile
    • Review KYC compliance.

    Key Performance Measures:

    • Control Adequacy rating from Internal Audit.
    • Promptness and effectiveness of call over of transactions.
    • Quantum of undetected regulatory/statutory infractions from External Auditor and Regulators’ reports.
    • Quality and Timeliness of losses and loss events reporting in processing areas
    • Undetected Income leakage/P&L reversal arising from undetected processing errors
    • Integrity of the GL accounts in the Business offices of the region.
    • Promptness, Accuracy and Validity of Exception Reporting/Rendition of all Control Activity Reports
    • Effectiveness at follow up to ensure that Internal Audit recommendations are implemented

    Internal and External Relationships:

    • The need to maintain a wide network with key stakeholders in the Bank such as Operational Risk, Risk Assurance, Group Internal Audit, and other appropriate divisions and associate companies to ensure operational effectiveness and enhanced customer service.

    Preferred Qualification and Experience

    • Business management or commercial degree
    • Applicable certifications.
    • Education: BSc. Minimum
    • Banking Experience - Minimum of 5 years

    Knowledge/Technical Skills/Expertise:

    • Report writing/Investigation skill
    • Banking operations experience
    • Interpretation of ML (P) Act 2011 & CBN KYC Manual 2003
    • Ability to use Finacle, Microsoft packages & AML Software.

    Method of Application

    Interested and qualified? Go to Stanbic IBTC on careers.peopleclick.eu.com to apply

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