FX Funding and Allocation Officer at First Bank

Duties and Responsibilities

• Responsible for processing and delivery of all FX allocation for all products
• To provide strong support in delivery service excellence for the assigned unit or department and ensure successful implementation of all turn-around-time (TAT) as agreed with both internal and external customers. Transfer of funds to various offshore accounts (Intra-bank) as advised by Treasury Dept.
• Processing of FX conversion for Mastercard, Visa card, Ria Payment, MoneyGram, Western Union Money Transfer, TransFast settlement on daily basis
• Transfer to other banks for cross-currency settlement (FX Switches)
• Handles FX Allocation with diligence and accuracy, ensuring all information are accurately captured 
• Engagement with the internal and external stakeholders on product and prompt settlement of coupons Inter-bank for FX Spot/Swap/Placement/Takings.
• Responsible for daily and periodic reconciliation of Nostro, GL and Suspense accounts, ensuring open items are timely closed on all transactions processed. 
• Operationalize the associated risk control measures on FX allocations.
• Enforces presentation of compliant documents on vendor and service payments
• Attend enquiries and issues resolution requests from the FX allocation to customers.
• Laisse with Treasury on resolution of FX allocation with wrong details 

Minimum Year of Experience Required    

• 3-5 years of experience in TROPS Functions

Education Background / Professional Qualification    

• First Degree in any discipline
• TROPS Certification (ACI), master degree and other professional certification (added advantage)