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  • Posted: Apr 26, 2021
    Deadline: Not specified
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    UBA’s has more than 65 years of providing uninterrupted banking operations dating back to 1948 when the British and French Bank Limited ("BFB”) commenced business in Nigeria. BFB was a subsidiary of Banque Nationale de Crédit (BNCI), Paris, which transformed its London branch into a separate subsidiary called the British and French B...
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    Funds Transfer Officer

    About the Job

    • We are in search of individuals/talents who are Enterprising, Excellence driven and can Execute business goals within the UBA Group; if you believe you exude these attributes, this position may interest you

    Roles & Responsibilities

    • Receipt of Instructions from Clients via SWIFT/E-mail/hard copy.
    • Acknowledge receipt of instruction to Client via email
    • Review clients instructions for authenticity and Signature verification
    • Check clients cash custody account to confirm that account is adequately funded for the transfer.
    • Notify client if account is not funded and follow through with reminder mails.
    • Execution of Transfer instruction via the available platform i.e. U Direct corporate/ RTGS /NEFT/NIP/NIBBS etc.
    • Follow up on the status of all transaction treated to ensure that they are all successful.
    • Re-initiate unsuccessful transactions.
    • Update client of status i.e. successful. If unsuccessful, give reason.
    • Attend to all transfer related enquiries from clients.
    • Daily call over of all transactions treated and submit call over report to Head Custody Ops for sign off.
    • Request for daily NEFT/NIP reports from the respective units.
    • Maintain a proper record of all transactions.
    • All trade tickets to be submitted to Internal control for review and
    • Receipt of Instructions from Clients via SWIFT/E-mail/hard copy.
    • Review clients’ instructions for authenticity and Signature verification
    • Check client’s cash custody account to ensure that the account is adequately funded for the cheque issuance.
    • Instruction is sent to UBA branch to issue Cheque.
    • Follow up on all Cheque Issuance to the point of execution.
    • Cheque is recorded in a cheque register before it is given to the Client.
    • The Client signs for the cheque before it is released.
    • Attend to all Cheque related enquiries from clients.
    • Daily call over of all cheques issued.

    Other Functions
    Reconciliation:

    • Review all treasury bills, FGN /Corporate/State Bonds, Commercial paper and fixed deposits (placements) handled by the Settlement Desk to ensure that the instructions are treated before the cut-off time. The amount, tenor, rate, counterparty etc are correct and in line with the instructions received from the Client.
    • Any error should be reported to the settlement Team and Head Custody Operations immediately for prompt resolution.
    • Client should be duly informed within 2 hours and the steps to be taken to rectify the error.
    • Inform client immediately the error has been corrected.

    General Enquiries:

    • Attend to all client enquiries and Queries relating to funds transfer.
    • Any other duties that may be assigned

    Job Requirements

    • Education: Minimum education level: Good Degree/other related fields
    • Experience: Minimum experience: Three(1) Year.

    go to method of application ยป

    Reconciliation Officer

    Roles & Responsibilities

    • Reconciliation of all cash accounts – Cash Income Account, Equity Settlement Account, Receivables account, Euroclear Account, Cash settlement account and Domiciliary Account.
    • Reconciliation of all Security accounts – CSCS Trading and Main Account, Clients Trading and Main Account, Euroclear Securities Account.
    • Reconciliation of Invoices:  - Reconciliation of client invoices against actual paid, Reconciliation of all fee schedule i.e Euroclear monthly fees.
    • FX Processing: Purchase of FX for trade settlement, Sale of FX where applicable, issuance of clients CCI, reconciliation of all CCIs.
    • Funds Repatriation/Transfer: processing of all funds repatriation, Verification of funds transfer via all available platforms.
    • Regulatory Reporting Monthly and quarterly reporting to Securities and Exchange Commission, Central Bank of Nigeria, Nigeria Stock Exchange etc. Interface with SEC on regulatory related issues
    • Certificate Management  reconciliation of all certificates in the vault, SSIT: verification of all liquidation, Sales/purchases on SSIT shares etc.  Any other duties that may be assigned.
    • Monthly Accrual - Timely Preparation of monthly accrual to group Finance. Collation of all expenses for the month. Maintain records of all expenses for the month.
    • General Enquiries - Attend to all client enquiries and Queries. Any other duties that may be assigned by the Head of unit. Any other duties that may be assigned by the Head of unit.

    Job Requirements

    • Minimum education level: Good Degree/other  related fields
    • Minimum experience: Three(3) Years

    Method of Application

    Use the link(s) below to apply on company website.

     

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