Bureau De Change (BDC) Officer at White Soul Group

Job Description

• A leading BDC company situated in Lagos is looking to engage a BDC operations officer who would be responsible for carrying out effective and efficient BDC Marketing and Operations for the organization ensuring the increase of the organization’s market share and hence the bottom-line.

Roles and Responsibilities

• Develop lines of customers / clients for the organization’s business
• Prepare and execute the CBN weekly bid
• Develop strategy to sell at the best rate
• Management of client’s funds.
• Maintains current record of bank's funds on deposit (position) in BDC account
• Lists totals in holdover register and posts net balances to daily position reports to determine new position.
• Reviews records to determine when balances need replenishing.
• Analyze current and previous balance sheets to eliminate double posting to transactions and verification of limits.
• Preparing BDC USD and Naira reconciliation report to determine when to replenish or fund the account.
• Attend to inquiries regarding foreign exchange trading regulations.
• Prepare CBN Electronic Financial Analysis & surveillance System (EFASS) daily and monthly report
• Printing matching tickets for further processing and reconciliation
• Must ensure proper recording of BDC detailed transactions and accurate posting into the software if applicable
• Must be up to date on established conversion rates and CBN new guidelines and communicates to company’s customers accordingly.
• Provide necessary information to the finance department for the preparation of Percy Aitkin monthly Management Report.
• Ensure regular monitoring of Percy Aitkin Bank Accounts and report to management accordingly
• Ensure prompt and timely submission of audited financial statements to the CBN
• Submit CBN monthly returns to the department of trade and investment
• Prepare Weekly Management report on the latest information as it affects the Foreign exchange market and CBN new guidelines and policies

Qualification & Experience

• First Degree from a reputable University
• At least 2-3 years work experience in BDC operations.

Required Skills and Competencies:

• Excellent understanding of BDC operation
• Effective negotiation skills
• Effective business communication skills (verbal and written)
• Excellent customer relations skills
• Ability to manage multiple tasks concurrently
• Good problem solving abilities
• Good interpersonal relationship
• Ability to meet and exceed set target.