Team Lead, Trade Compliance at Sterling Bank

Job Summary

• To ensure compliance with Credit, Trade and Treasury policy guide, procedures and regulations relating to their activities.
• As well as harmonise the risk assurance activities of Credit, Trade and Treasury Services thereby ensuring efficient operations, effective and timely reporting

Job Description

• Review the compliance to Credit, Trade and Treasury business extant policies and regulations
• Carry out Credit, Trade and Treasury process and product review on sampled transactions
• Monitors FX Utilization and its report rendition to the CBN on a weekly basis
• Conduct Enhanced Due Diligence (EDD) on identified high risk customers
• Maintain correspondent banking relationship with offshore correspondent banks pertaining to AML/CFT
• Render compliance advisory to both internal and external customers and staff when necessary
• Facilitate inhouse compliance capacity building via sensitization through effective platforms to Credit, Trade and Treasury staff
• Render weekly and monthly report of activities in Credit, Trade and Treasury Compliance
• Call over postings on transactions processed in Trade Services; Call over of bulk upload transactions
• Review of Trade instruments and documentations; Form M & PAAR processing, Bill for Collection transaction review (Invisible Transaction Documentation), Certification of Capital Importation, Letters of Credit establishment, amendment and negotiation review; Foreign Funds Transfer transaction, Interbank Placement and Takings review; Export proceeds domiciliary account review, Swap, Repo, Spot, Forward, Future, derivatives (NDF) and other foreign exchange instrument review
• Review unutilized funds, quarterly distribution of interest
• Review and Submit endorsement of shipping document

Job Experience

• Minimum of 5-year experience, preferably in commercial banking