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  • Posted: Mar 18, 2016
    Deadline: Not specified
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    In 1965, the Standard Bank of South Africa merged with the Bank of West Africa acquiring businesses including a banking operation in Nigeria, which dated back to 1894. The name was then changed to Standard Bank of West Africa. Four years after the merger, Standard Bank Nigeria was incorporated locally to take over the business in Nigeria. In 1971, 13% of the...
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    Settlement Officer

    Responsibilities

    • Ensure Settlement of all Fixed Income cash and securities transaction
    • Ensure funds are credited to client accounts immediately upon clearing
    • To ensure that all Client requirement/communication/ queries are responded within 24 hours of receipt.
    • End of day Reconciliation to ensure all instructions received are processed in line with Service Level agreements
    • Ensure all associated settlement items in Suspense/Sundary accounts are treated timely
    • Ensure all settlement entries are passed daily and account remains nill daily
    • Capture Volumes and activities associated with Fixed Income Settlement
    • Exception handling and closing the same with close follow-up within the unit, counterparty and the client
    • Escalate & suggest appropriate action to Head Securities Services operations for issues/ exceptions, if any, faced by / against clients / Company.
    • Continuous review and process improvement initiative.

    Method of Application

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