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  • Branch Control Officer - South West at Stanbic IBTC

  • Posted on: 15 March, 2019 Deadline: Not Specified
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  • Stanbic IBTC Bank is a leading African banking group focused on emerging markets globally. It has been a mainstay of South Africa's financial system for 150 years, and now spans 16 countries across the African continent.

    Standard Bank is a firm believer in technical innovation, to help us guarantee exceptional client service and leading edge financial solutions. Our growing global success reflects our commitment to the latest solutions, the best people, and a uniquely flexible and vibrant working culture. To help us drive our success into the future, we are looking for resourceful individuals to join our dedicated team at our offices.

    Branch Control Officer - South West


    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

    Use the link(s) below to apply on company website.

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