Job Openings at First Bank

Job Description

• Manage the accurate and timely settlement of all types/forms of MasterCard transactions (domestic and International) done on various platforms (POS, ATM, Web, QR
• Supervise/monitor the resolution of all attendant issues on MasterCard products.
• Oversee all functions performed by other officers in MasterCard settlement team to ensure the team’s efficiency through timeliness and accuracy of all activities.
• Oversee the management of all accounts used in the settlement of MasterCard products (including MasterCard Receivable and Payable Accounts, MasterCard Cash Disbursement, MasterCard Transaction Suspense, MasterCard SCB Offshore and Nostro Accounts) and review of open items on these accounts.
• Ensure that proper settlement procedures are established for all transactions on new MasterCard e-products that may be launched by First Bank or other Banks but will impact on us.
• Ensure that all files are downloaded from MasterCard connect daily and back-up copies kept.
• Ensure all settlement entries passed are reviewed, verified and  passed in respect of all settlement processes within MasterCard team.
• Ensure the daily transmission, to Interswitch SFTP, of all MasterCard POS transactions on the Bank’s acquired MasterCard accepting POS.
• Analyze transaction trends and ensure monthly reports are prepared to track volume and values of transactions across all MasterCard products to enable the bank track product performance.
• Ensure monitoring of Offshore Account is done.
• Oversee upload and accurate reporting of global collection only (GCO) transactions to ensure the bank’s compliance and avoid penalties from MasterCard.
• Ensure that proper settlement procedures are established for all transactions on new MasterCard e-products that may be launched by First Bank or other Banks but will impact on us.
• Oversee all functions performed by other officers in MasterCard settlement team to ensure the team’s efficiency through timeliness and accuracy of all activities.
• Collaborate with IT, Business Solutions team, Product managers and other stakeholders for rollout of new initiatives on MasterCard settlement.
• Engage switches, card schemes and third-party processors on exceptions or issues identified with settlement and follow up to ensure resolution.
• Ensure timely collation and sending of Merchant Settlement reports to E-business Relationship Managers. Also, ensure merchant complaint issues are promptly resolved.
• Ensure prompt reconciliation and posting of all MasterCard exceptions/dispense error and partial dispense transactions.
• Monitor Naira MasterCard exchange rate trend and report any variation to E-business group for appropriate action.
• Ensure timely collation and sending of Merchant Settlement reports to E-business Relationship Managers. Also, ensure merchant complaint issues are promptly resolved.

Requirements

• Candidates should possess minimum of a First Degree in a numerate discipline
• Minimum of 8 years relevant work experience, 5 of which must have been spent in e-Banking/Products.

go to method of application »

Job Description

• Manage the seamless delivery of new in-house applications that do not settle via the switches.
• Daily supervision, review of settlement files and upload of:
• Customs duties manual collections
• Nigerian Export Supervisory Scheme (NESS) collections
• Customs duties Paydirect collections
• Resolution of failed Custom & NESS transactions on PayDirect & Firstcollect Platforms
• Supervise the daily, weekly and monthly statutory returns and reports in respect of manual Customs Duties collections remittance, NESS and NDCC remittances before submission to CBN and the various Customs ports
• Ensures timely processing in the deactivation of Direct Debit Mandates customers (ARM Insurance, etc.)
• Resolution of failed transactions initiated by various customers on inhouse application platform.
• Supervision of dispatched mailer to Lagos branches and upcountry branches via the courier service
• Supervision and monitoring of record keeping of documents for customs, NESS and pin mailer.
• Ensures prompt weekly settlement and pre-reconciliation of PAYU in-branch transactions
• Carries out daily reconciliation of biller transaction report with the settlement report for Firstbillspay settlement
• Reviews with the billers on variances with settlement and ensures prompt reversal is done to prevent loss of funds
• Prepares monthly invoice payment for the vendor via WEBADI and follows up to ensure prompt payment processing by the procurement and Centralized admin unit.
• Monitoring and recoup of funds to Ebusiness receivable account
• Conduct a second level authentication check on prepared E-tranzact settlement data upload file
• Authorizes e-tranzact for settlement debits after obtaining approval from Heads of Settlement, Account monitoring and concurrence from the Head of department.

Requirements

• Candidates should possess minimum of a First Degree in a numerate discipline
• Minimum of 8 years relevant work experience, 5 of which must have been spent in e-Banking/Products.

go to method of application »

Job Description

Daily supervise the activities of the four sub-units as seen below:

• MasterCard Settlement
• VISA Settlement
• Interswitch Settlement
• In-House Processes & Support

Manage the unit for timely and accurate settlement of ALL e-transactions on ALL channels (ATM, POS, Web, Mobile (First Mobile), Mobile Money (FirstMonie), various e-payment platforms). These include:

• International transactions done by FBN issued cards
• Domestic transactions done by FBN issued cards on channels deployed by other Banks
• Transactions done on FBN deployed channels by cards issued by other Nigerian Banks
• Transactions done on FBN deployed channels by cards issued by international Banks
• Transactions done on other payment platforms (Autopay, Payment Gateway, Corporate Pay, etc)
• Transaction done on FBN First mobile platforms - Interswitch and E-transact
• Transactions done on the Mobile Money platform.

Requirements

• Candidates should possess minimum of a First Degree in a numerate discipline
• Minimum of 8 years relevant work experience, 5 of which must have been spent in e-Banking/Products/Settlement.

go to method of application »

Job Description

• Handles Negotiation of Documentary Presentations, Trade Loans Booking, bookkeeping, Payments, and Remittances on negotiated presentations and matured trade loans for the bank. 
• Enforcement of compliance and regulatory dictates on Payment and Negotiation functions, ensuring that the bank complies with the provisions of the dynamically changing Foreign Exchange Extant Provisions, UCP, ISBP and other relevant international rules and standards.
• Handles documents examination and management of identified discrepancies in line with the terms and conditions of the underlying Letters of Credit
• Initiate the process of Trade Loans booking, liquidation, Interest collection, remittance of payables, charges administration and collection on Trade Transactions.
• Handles Revenue Assurance functions for the bank on Negotiated Documentation, Trade Loans, etc.
• Delivery of daily and periodic reconciliation of Nostro, Vostro, GL, Suspense, Payables and Receivable accounts, ensuring open items are timely closed. 
• Rendition of regulatory and management, regulatory and ad-hoc returns/reports as applicable to Payment and Negotiation functions. 
• Responsible for Data and Records management on negotiated presentations for ease of presentation on demand by the regulatory authorities.
• Liaises with the business and other internal stakeholders on enquiries and issues resolution.

Requirements

Education:

• Candidates should possess First Degree in any discipline
• Trade Certification (CDCS, CSDG, CITF), Master's Degree and other professional certification (added advantage).

Experience:

• 3 - 5 years of experience in Trade Services Functions.

go to method of application »

Job Description

• Responsible for processing and delivery of all Form A and Invisible Products and Services (CCI, PTA, BTA, ESTACODE, Vendor and Dividend Payments and Remittances, CCI and Profit Repatriation, and all other invisible payment products and services) for the bank
• Enforcement of compliance with the regulatory dictates, ensuring that the provisions of the dynamically changing foreign exchange manual and relevant international rules are complied with in the process of delivery of Form A and Invisible Products and Services in the bank.
• Handles Form A registration compliance assurance functions 
• Engagement with the internal and external stakeholders on product and technology platform development for   Invisible products.
• Responsible for daily and periodic reconciliation of Nostro, GL and Suspense accounts, ensuring open items are timely closed on Invisible transactions. 
• Operationalize the associated risk control measures on Invisible process/payment and Negotiation functions.
• Enforces presentation of compliant documents on vendor and service payments
• Rendition of daily/monthly/periodical reports on Invisible transactions.
• Attend enquiries and issues resolution requests from the Invisible service customers.
• Laisse with Treasury on provision of FX for settlement of Invisible transactions

Requirements
Education:

• Candidates should possess First Degree in any discipline
• Trade Certification (CDCS, CSDG, CITF), master degree and other professional certification (added advantage).

Experience:

• 3 - 5 years of experience in Trade Services Functions.

go to method of application »

Job Description

• Reconciles Trade accounts (Nostro, Vostro, GLs, Suspense, Receivables, Payables, Blotter), ensuring and validating accurate and timely settlement and reconciliation of the underlying Trade transactions.
• Collaborate with the relevant teams/departments/subsidiaries within and outside the country on reconciliation functions.
• Support the bank’s process and control improvement initiatives.
• Reconciles Trade Obligations report ensuring that unaligned reports between the bank’s record of outstanding obligations and that of the customers are investigated and reconciled.
• Enforces compliance with the call-over control requirements.
• Administration and Management of reconciliation data, reports, and files.
• Responsible for adhering to corporate standards and procedures in all account reconciliation activities.
• Handles functional and hands-on training for the team members.

Requirements

Education:

• Candidates should possess First Degree in any discipline
• Trade Certification (CDCS, CSDG, CITF), Master's Degree and other professional certification (added advantage).

Experience:

• 3 - 5 years of experience in Trade Services Functions.

go to method of application »

Job Description

• Responsible for provision of operational lead for Negotiation of presentations on Documentary Credit and Guarantees
• Processing and Authorization of Trade Loans Booking and Liquidations, Payments and Remittances on Documentary Credits and Matured Trade Loans.
• Provides Operational and Supervisory lead in the process of enforcement of compliance with regulatory dictates on Payment and Negotiation functions, ensuring that the bank complies with the provisions of the dynamically changing Foreign Exchange Extant Provisions, UCP, ISBP and other relevant international rules and standards.
• Responsible for identification and enforcement of Letters of Credit terms and conditions as well as regulatory provisions in the delivery of Payment and Negotiation functions.
• Oversees the process of documents examination and management of identified discrepancies across the local and international space.
• Interfaces with the various regulatory agencies, internal and external stakeholders, local and foreign counter parties on payment and negotiation functions
• Oversees the process of sourcing of foreign exchange for payment of compliant presentations and Trade Obligations.
• Supervise and authorize the process of Trade Loans booking and liquidation, Interest and charges administration and collection on Trade Transactions.
• Enforces and operationalize the process of administration of Revenue Assurance functions for the bank on Negotiated Documentation, Trade Loans, etc.
• Responsible for delivery of daily and periodic reconciliation of Payment and Negotiation related Nostro, Vostro, GL, Suspense, Payables and Receivable accounts, ensuring open items are timely closed. 
• Supervision of rendition of regulatory, management and ad-hoc returns/reports as applicable to Payment and Negotiation functions. 
• Administration and Management of associated operational risks ensuring that Payment and Negotiation processes and the embedded risks are identified with the risk mitigants put in place to avoid risk crystallization.
• Management of Trade records for ease of access to historical records on demand by the regulatory authorities.
• Liaises with the SBUs, Trade Clients, Correspondent Banks and other internal and external stakeholders on Payment and Negotiation functions, ensuring that all enquiries are promptly attended to, and all open items are swiftly closed.  
• Develop and handle capacity enhancement, skills building and knowledge transfer plans and programs for the team members.
• Identifies risks that are associated with the payment and negotiation functions and provides the corresponding risk mitigant for assurance of adequate cover against operational risks.

Requirements

Education:

• Candidates should possess First Degree in any discipline
• Trade Certification (CDCS, CSDG, CITF), Master's Degree and other professional certification (added advantage), Professional certification (added advantage).

Experience:

• 5 - 7 years of experience in Trade Services Functions.

go to method of application »

JOB DESCRIPTION

• 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)

go to method of application »

JOB DESCRIPTION

• Responsible for overall coordination, management, administration, and delivery of all Form A and Invisible Products and Services (CCI, PTA, BTA, ESTACODE, Vendor and Dividend Payments and Remittances, CCI and Profit Repatriation, and all other invisible payment products and services) 
• Provides leadership in the process of enforcement of compliance with regulatory dictates, ensuring that the provisions of the dynamically changing foreign exchange manual and relevant international rules are complied with in the process of delivery of Form A and Invisible Products and Services.
• Oversees the process of mandatory compliance with the requirements of form A registration ensuring and enforcing submission of all regulatorily dictated documentation.
• Handles the process of engagement with the regulators, internal and external stakeholders, local and foreign counter parties on product, process and platform development for   Invisible products, providing enabling environment for product growth and delivery in the bank.
• 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 to avoid risk crystallization.
• Develops and handles 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)

go to method of application »

JOB DESCRIPTION

• Responsible for overall coordination, management, and administration of all Trade Credit Lines, Negotiation of Presentations on Documentary Credit, Booking and Liquidation of Trade Loans, , Payments and Remittances on negotiated presentations and matured loans for the bank 
• Provides leadership in the process of enforcement of compliance with regulatory dictates on Payment and Negotiation functions, ensuring that the bank complies with the provisions of the dynamically changing Foreign Exchange Extant Provisions, UCP, ISBP and other relevant international rules and standards.
• Oversees the process of provision of assurance functions in respect of enforcement of terms and conditions of Letters of Credit.
• Handles the process of engagement and relationship management with the regulators, internal and external stakeholders, local and foreign counter parties on payment and negotiation functions, sourcing of foreign exchange for payment on Compliant Presentations and Trade loans, platform development and business promotion.
• Oversees and Co-ordinate the process of Trade Loans booking and liquidation, Interest bookkeeping and collection, Charges administration on Trade Transactions.
• Oversees the process of administration of Revenue Assurance functions for the bank on Negotiated Documentation, Trade Loans, etc.
• Oversees the process of Interest and Charges Collection and Remittance
• Oversees the process of daily and periodic reconciliation of Nostro, GL, Suspense, Receivables and Payable accounts, ensuring open items are timely closed. 
• Oversees the process of periodic rendition of regulatory, management and ad-hoc returns/reports as applicable to Payment and Negotiation functions. 
• Oversees the process of administration and management of associated operational risks are identified with the risk mitigants put in place to avoid risk crystallization.
• Laisse with FINCON and External Auditors on Audit and Financial matters. 
• 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)

go to method of application »

JOB DESCRIPTION

• Develop account management and reconciliation procedures and framework that are sustainable and enduring for maintenance of clean books for the bank.
• Provides operational lead for management and reconciliation of all Nostro, Vostro, General Ledgers, Receivables, Payables and Suspense accounts for Trade and Payment Department 
• Develop and maintain account management and reconciliation relationships with external and internal partners and clients of the bank on Trade Transactions and Obligations.
• Provides operational lead for reconciliation of Clients’ Trade Obligations.
• Provides operational lead for daily reconciliation of the FX Blotter
• Monitor, track, and render weekly/monthly and periodic Trade Obligation report to the client and management team of the bank. 
• Liaise with Internal Control, BPM, GRU and FINCON  on account management and reconciliation matters for assurance of clean books for the bank. 
• Management and reporting of reconciliation activities for the organization in lines with the standard and best practice.
• Coordinate and Participate in projects relating to the enhancement of reconciliation capabilities / processes 
• Timely performance of daily/monthly and periodic reconciliations of Trade and Payment accounts
• Prompt escalation of reconciliation outages at the various level of escalation hierarchy till closure.
• Maintain & document reconciliation process, procedures and outcome for historical access, records, and unimpeded reconciliation framework.
• Setting clear expectations and consistently providing information, training, resources, feedback, coaching and recognition that help employees improve their performance.

Experience

• 5-7 years of experience in Trade Services Reconciliation

Education

• First Degree in Accounting and related discipline 
• Trade and Professional Certification as added advantage.

go to method of application »

JOB DESCRIPTION

• Responsible for development of framework, procedures, and templates for Trade Obligation Dashboard and Reports
• Provides operational lead for preparation and rendition of weekly and bi-monthly Trade Exposure reports to the Asset and Liability Committee and EXCO of the bank.
• Provides FX purchase eligibility and Trade Documentation adequacy assurance functions for Trade customers that intend to access or buy FX for settlement of Trade obligations across all the available FX trading windows.
• Provides the operational lead for management and maintenance of FX blotter across all strata and stages of FX delivery status (SPOT, Delivered and Forwards) ensuring that accessible FX value does not exceed the allowable limits based on the registered value of regulatory forms.
• Responsible for development of framework for engagement of the SBU for advisory services, providing timely feedback/response to enquiries on outstanding Trade Obligations and successive FX purchase/utilization records for Trade Customers     
• Responsible for development and administration of collaboration framework with the Treasury and other FX related departments/units of the bank on FX position records, reports, and reconciliation.
• Provides enabling environment and platforms for trainings and capacity enhancement support functions to Trade Specialist that handles core Trade Services functions.

Experience

• 5-7 years of experience in Trade Services Functions.

Education

• First Degree in any discipline 
• Trade and Professional Certification as added advantage.
• Advance and Code writing Excel Skills are MANDATORY