Fresh Vacancies at First Bank of Nigeria Limited

Nigeria

Firstbank

Company Info

Large organization

200 + Employees

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.

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.

1). Specialist, Payment, and Negotiation

Location: Lagos

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.

Experience

3-5 years of experience in Trade Services Functions.

Education

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

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2). Senior Specialist, Payment, and Negotiations

Location: Lagos

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.

Experience

5-7 years of experience in Trade Services Functions.

Education

  • First Degree in any discipline
  • Trade Certification (CDCS, CSDG, CITF)

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3). Team Lead, Payment, and Negotiations

Location: Lagos

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)

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4). Team Lead, Exchange Control and Regulatory Reporting

Location: Lagos

Summary of Job Role (Duties and Responsibilities)

  • Manage the execution of the Bills for Collection, PAAR Processing, and Form M Processing functions, ensuring alignment with the bank’s goals, strategies, and regulatory obligations.
  • Oversee the end-to-end process management, ensuring all operational targets and compliance standards are met.
  • Coordinate and oversee the Bills for Collection process, products, and functions, ensuring all collection and payment procedures comply with collection order terms and conditions.
  • Lead the enforcement of compliance with the Foreign Exchange Manual and International Uniform Rules for Collection.
  • Supervise mandatory compliance with regulatory forms (Form M) registration, shipping documents delivery/collection, Bill of Exchange acceptance, PAAR issuance and delivery, and Exchange Control document processing.
  • Ensure timely and accurate delivery of reports and other regulatory returns to stakeholders.
  • Supervise the timely issuance and delivery of PAARs in accordance with regulatory requirements.
  • Coordinate engagement with external regulators and stakeholders to ensure smooth PAAR processing and compliance.
  • Provide leadership in the PAAR reconciliation process, ensuring accuracy and compliance with exchange control guidelines.
  • Oversee the process of Form M registration, ensuring adherence to exchange control regulations.
  • Coordinate with relevant departments to ensure proper processing and documentation for Form M submissions and approvals.
  • Oversee the preparation and timely submission of regulatory reports, returns, and ad-hoc filings for all three units (Bills for Collection, PAAR Processing, and Form M Processing).
  • Monitor changes in regulatory frameworks and ensure processes and policies are updated to maintain compliance.
  • Manage relationships with external stakeholders, including regulators, local and foreign counterparts, to ensure smooth operational processes.
  • Lead discussions with internal and external stakeholders to develop and enhance products, technology platforms, and operational strategies for improved service delivery and compliance.
  • Oversee the identification, management, and mitigation of operational risks within the Exchange Control and Regulatory Reporting functions.
  • Ensure that risk controls are implemented across all units, conducting periodic risk assessments and collaborating with risk management teams to implement corrective actions.
  • Supervise the daily and periodic reconciliation of Nostro, GL, and Suspense accounts, ensuring open items are promptly resolved and accounted for.
  • Ensure reconciliation processes align with regulatory and bank standards.
  • Lead, mentor, and develop team members to create a high-performing, cohesive team, while driving capacity enhancement, skills development, and knowledge transfer initiatives to ensure the team remains up to date on regulatory changes and operational best practices.
  • Identify opportunities for process optimization and continuous improvement within, leading initiatives to enhance operational efficiency, compliance, and overall service delivery in line with the bank’s strategic goals.

Minimum Year of Experience Required

  • 8-10 years of experience in Trade Functions

Education Background / Professional Qualification

  • First Degree in any discipline
  • Trade Certification (CDCS, CSDG, CITF)
  • Master’s degree and other professional certification (added advantage)

Deadline: Not Stated

How to Apply: Interested applicants should use the links below to apply:

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