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. The Bank has international presence through its subsidiaries, FBN Bank (UK) Limited in London and Paris, FBNBank DRC, FBNBank Ghana, FBNBank Gambia, FBNBank Guinea, FBNBank Sierra-Leone and FBNBank Senegal, as well as its Representative Offices in Johannesburg, Beijing and Abu Dhabi.
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 (UK) Limited in London and Paris, FBNBank DRC, FBNBank Ghana, FBNBank Gambia, FBNBank Guinea, FBNBank Sierra-Leone and FBNBank Senegal, as well as its Representative Offices in Johannesburg, Beijing and Abu Dhabi.
1). Team Lead, Bills for Collection
Job Identification: 1029
Location: Lagos
Employment Type: Full time
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.
Requirements
Education:
- First Degree in any discipline
- Trade Certification (CDCS, CSDG, CITF)
- Master’s Degree and other professional certification (added advantage).
Experience:
- 8 – 10 years of experience in Trade Functions.
Application Closing Date
24th May 2024 (4.40 PM).
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2). Team Lead, Invisibles and Remittances
Job Identification: 1030
Location: Lagos
Employment Type: Full time
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.
Requirements
Education:
- First Degree in any discipline
- Trade Certification (CDCS, CSDG, CITF)
- Master’s Degree and other professional certification (added advantage).
Experience:
- 8 – 10 years of experience in Trade Functions.
Application Closing Date
24th May 2024 (4.41 PM).
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3). Team Lead, Payment and Negotiations
Job Identification: 1031
Location: Lagos
Employment Type: Full time
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.
Requirements
Education:
- First Degree in any discipline
- Trade Certification (CDCS, CSDG, CITF)
- Master’s Degree and other professional certification (added advantage).
Experience:
- 8 – 10 years of experience in Trade Functions.
Application Closing Date
24th May 2024 (4.44 PM).
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4). Senior Specialist, Account Management and Reconciliation
Job Identification: 1033
Location: Lagos
Employment Type: Full time
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.
Requirements
Education:
- First Degree in Accounting and related discipline
- Trade and Professional Certification as added advantage.
Experience:
- 5 – 7 years of experience in Trade Services Reconciliation.
Application Closing Date
24th May 2024 (4.39 PM).
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5). Senior Specialist, FX Validation and Reporting
Job Identification: 1034
Location: Lagos
Employment Type: Full time
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 and Professional Certification as added advantage.
- Advance and Code writing Excel Skills are MANDATORY.
Experience:
- 5 – 7 years of experience in Trade Services Functions.
Deadline: 24th May 2024 (4.36 PM).
How to Apply: Interested and qualified candidates should use the links below to apply: