Officer, Trade Returns at Stanbic IBTC

Job ID: 32593
Job Sector: Financial Services

Job Details

• Group Operations: a range of essential and complex services to ensure processes across the bank work as effectively and efficiently as possible

Job Purpose

• Produce timely and accurate regulatory/compliance returns, ensuring that Stanbic IBTC stays in step with the statutory requirements of Central Bank and other regulatory bodies.
• Automating the end-to-end workflow of regulatory reporting -- from data capturing to validation (at our end) viz-a-viz report delivery to CBN with zero error tolerance.

Key Responsibilities/Accountabilities
Key Responsibilities:

• Spools the daily FX trading from Calypso.
• Import the transaction onto an excel sheet.
• Classify transactions on excel into different categories.
• Ensure that the Closing Positions (from Market Risk Report & Returns) agree.
• Prepares the daily (DTRs)
• Fill CBN’s Data Submission System/eFASS and generate an XML file.
• Generate jar file from XML file.
• Upload the jar file via eFASS to CBN.
• On DSS, generate the jar file for all the reports
• Upload the jar file to CBN (on or before the 5th day of the succeeding month or the next working day if 5th falls on a weekend)
• Back-up for other Exchange Control Officers (FECD)
• Any other duties that may be assigned from time to time.

Back up functions:

• Back up for CCI desk

Customer Service:

• Enhance the bank’s image through effective customer service.
• Maintain a good service relationship with Treasury/GMO

Resource Utilisation:

• Ensures effective, efficient and optimal utilisation of all resources (human and capital) to be responsive to competitive pressures, changing market conditions, client needs and business strategies

Operational Performance:

• Identifies and defines tactical operational performance metrics geared towards meeting Excon units objectives by leveraging opportunities.
• Collaborates with other areas to ensure that best practices and a standard approach is followed.

Control:

• Identifies, assesses and mitigates the risks facing both systems and business processes thereby minimising the operational risks.

Problem-solving:

• Required to follow laid-down policies and procedures at all times.
• Deal with a wide range of customer queries, showing sensitivity to customers’ individual requirements as well as the bank’s laid-down operational/procedural limitations.

Key performance measure:

• Consistent achievement of high levels of customer service and satisfaction
• Compliance and improvement on turn- around times (TAT)
• Reduction of costs and increased throughput (output)
• Compliance to regulatory requirements governing banking practices
• Effective management and mitigation of operational risks

Key Relationships
Internal:

• Business area: Branches (PBB) / TPS (CIB)

External:

• Regulatory Bodies
• Customers

Preferred Qualification and Experience

• First Degree in a Social Science related course
• Master's Degree is an added advantage
• 2- Year’s banking experience; experience in Trade, Payments, Swift, Exchange Control would be an advantage.
• Working knowledge of rules and regulations governing Payments and Trade
• Risk identification and assessment skills
• Negotiation skills
• Good knowledge of credit & trade
• Ability to analyse trends and make forecasts
• Good use of Microsoft office tool
• Good use of Finacle
• Attention to detail and results oriented
• Work in a fast paced environment

Knowledge/Technical Skills/Expertise:

• Knowledge of the products processed in Exchange Control and Compliance.
• An extensive knowledge and understanding of the various systems used within the department.
• Comprehensive understanding of banking transaction processes relevant to products and services offered to customers.
• Practical knowledge of how to input access and utilize information to analyze forecast trends.
• Knowledge of the applicable legislation.Understanding of the Bank’s systems, processes and procedures.
• Understanding the basics of team dynamics and participation in developing and maintaining a team culture.
• Broad understanding of international business operations.
• Broad understanding of problem resolution in respect of role
• Knowledge in Foreign Exchange Controls and any other guidelines
• Knowledge of rules governing trade and Treasury transactions