Head of Reconciliation/Treasury & Sundry Operations at Hope Payment Service Bank

JOB PURPOSE: 

To ensure effective service delivery and efficient processing of all transactions in Treasury & Sundry Operations within the stipulated TAT. To provide effective supervision to the other team members.

KEY RESPONSIBILITIES

• Ensures daily Reconciliation and settlement of all payments and transfers done on the bank various electronic platforms.
• Review on daily basis transactions done via the bank application vis a vis the switching company (CBA Report vs Bank statements and Settlement Report).
• Ensures Daily Proof of accounts and reconciliation of all Operations GL Accounts & Settlement GLs in the Bank.
• Ensures Daily reconciliation of all our External Bank Statement with their corresponding Internal Mirror GLs e.g., CBN RTGS Statement, UBA Settlement Account, UBA Current Account, POS Merchant Settlement Account etc. 
• Ensure proper documentation and archiving of transaction records.
• Efficient processing of all Interbank Placements, Investment bookings (TD, NTB, etc.)
• Introduce business processes improvement initiatives to improve customer service, cost effectiveness and controls.
• Supervise fixed deposits and placements maturities and follow up with the business to ensure roll over/liquidation instructions are received timely
• Ensure that every fixed deposit and placements new booking, roll over or liquidation is supported by appropriate instructions.
• Placement certificates must be obtained, and timely, from the counterparty banks and properly checked to conform with agreed terms.
• Ensure that Tbills pledged with the CBN are replaced two weeks prior to maturity
• Ensure that Tbills rates are competitive. Primary market purchases are preferable and should be explored prior to going to the secondary market. 
• Supervise and ensure that all reconciliation officers perform their assigned roles on daily basis.
• Via reconciliation/proofs, identify failed inflows due to system issues to Customers Accounts and ensure appropriate entries are passed.
• Review, on daily basis, transactions done via the bank application vis a vis the switching company (CBA Report vs Bank statements and Settlement Report) and ascertain/ensure that appropriate/corrective entries are passed.
• And any other task that might be assigned from time to time. 
• And any other task that might be assigned from time to time.

EDUCATION/TRAINING PROGRAMS: 

• Minimum of first degree or its equivalent in Accounting, Banking and Finance or related discipline.
• Post graduate degree or MBA is an added advantage.
• Professional qualification - ICAN, ACCA, CIBN, ACA, and MBA is desirable.

SKILLS NECESSARY FOR JOB FUNCTION:

• Excellent customer service orientation.
• Sound understanding of products and operational processes of all key businesses in the Bank.
• Strong written/oral communication skills.
• Good understanding of presentation skills and MS Office.
  • Develop and implement a comprehensive internal audit strategy for the Bank and evaluate the effectiveness of the bank\'s internal control systems and risk management processes.
  • EXPERIENCE: Minimum of 10 years’ post-graduation experience in Banking Operations.