First Bank of Nigeria Limited (FirstBank) is Nigeria’s largest financial services institution by total assets and gross earnings. With more than 10 million customer accounts, FirstBank has over 750 branches providing a comprehensive range of retail and corporate financial services. The Bank has international presence through its subsidiaries, FBN Bank ...
Responsible for overall coordination, management, administration, and delivery of Bills for Collection process, products, and functions for the bank
Responsible for arbitrage functions between drawee and drawer both on the local and international scene, ensuring that collection and payment procedures as per collection orders terms and conditions are strictly adhered to.
Provides leadership in the process of enforcement of compliance with regulatory dictates, ensuring that the provisions of the dynamically changing foreign exchange manual and International Uniform Rules for Collection are complied with.
Oversees the process of mandatory compliance with the regulatory forms (Form M and NXP) registration, Shipping Documents Delivery/Collection, Bill of Exchange Acceptance, PAAR Issuance and Delivery, Exchange Control Documents Processing and ultimately, Payment administration.
Oversees the process of engagement with the regulators, internal and external stakeholders, local and foreign counter parties on product and technology platform development for Bills for Collection, providing enabling environment for product growth and delivery in the bank.
Oversees the process of periodic rendition of regulatory and ad-hoc returns as applicable to Bills for Collection to the various regulatory agencies.
Oversees the process of daily and periodic reconciliation of Nostro, GL and Suspense accounts, ensuring open items are timely closed.
Oversees the process of administration and management of associated operational risks ensuring that process and operational risks are identified with the risk mitigants put in place.
Develop and handle capacity enhancement, skills building and knowledge transfer plans and programs for the team members.
Experience
8-10 years of experience in Trade Functions
Education
First Degree in any discipline
Trade Certification (CDCS, CSDG, CITF)
Master’s degree and other professional certification (added advantage)
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