LC Payment Officer at Standard Chartered

Posted on Fri 17th May, 2013 - hotnigerianjobs.com --- (0 comments)

Standard Chartered Bank Nigeria - We attract talented individuals. Not only can they give you the benefit of their experience, they also reveal a closer, more personal look at the wide range of global opportunities we offer. At the core of the Group's people strategy is our focus on employee engagement. Engagement is a key driver of productivity and performance, which creates the foundation of our performance culture. We encourage and focus on the behaviours that bring out the very best from every employee, assessing their performance not just on results but on how those results were achieved. To further embed these behaviours we have a remuneration programme in place, carefully designed to incentivise our employees to live our values every day.

We are recruiting for the position of

Job Title: LC Payment Officer

Job ID: 382652

Job Description

To process trade related products/applications/documents against laid down procedures and service standards.
To process payments on LC (negotiation, payment, trade loans, acceptance)
To book and liquidate FCY loans for payment on LC
To process cash cover (collateral) on Confirmed LCs
To review PDA Messages for MT799, MT754 to monitor payment, Nostro Funding and Discrepancy Acceptance
To review Maturing Acceptances report for maturing and payment
To review daily Nostro for payment on LC
To review daily input and EPAD advice from FMO unit and INPUT desk respectively for cash cover, payment and loan liquidation
To return unutilized cash covered sourced via WDAS to the CBN and cash cover sourced via Interbank to the client’s account

Key Roles & Responsibilities
Settement

Booking ,monitoring, payment of bill receivable on documents received
Booking, monitoring, payment of Trade Loans
Booking, monitoring, payment of acceptances
Processing of Acceptances of Discrepancies
Book FAWR as per CMT’s approval for payment on LC
Liquidate FAWR and loans booked for payment on LC and BFC
Move fund as cash cover (collateral) on Confirmed LCs to SCB London
Return unutilized cash cover sourced via WDAS to the CBN
Return unutilized cash cover sourced via Interbank to client’s account

Nostro Review

Ensure all unutilized funds on cash cover letters of credit are credited to the respective customers account
Ensure that Necessary Chaser and follow-up are done for Nostro Debited items requiring purchase of funds

Reports

Return on FX Utilization (305) to Regulatory return desk officer
Return on un-utilized repurchase to Finance and update of register

General

Ensure that enquiry relating to customers transactions are responded to timely
Ensure that necessary clarification, enquiry from the GSSC are provided promptly
Ensure that errors are tracked and updated
Ensure that monthly statistics for KPI are provided promptly
Ensure advices are printed and delivered to correspondence Desk
Ensure that pre-Negotiation Charge are recovered
Ensure daily advice of Nostro funding to Global Market
Ensure adherence to DOI
Filling
KCSA, DOI applied in line with international and local regulation review and reconciliation
Any other responsibility as may be assigned from time to time

Money Laundering

Ensure that I remain alert to the risk of money laundering and assist in the bank's effort in combating it by adhering to the key principles in relation to: identifying customers, knowing customers, reporting suspicions, safeguarding records and not disclosing suspicions to customers.
Ensure / assist unit head in creation and maintenance of compliance culture, undertake compliance monitoring, generate timely and accurate compliance reports, proactively advise Country compliance on compliance issues, and update new matrices as communicated by the BCC

Qualifications & Skills

Good communication and inter-personal skills.
Minimum three (3) years banking experience
Good working knowledge of the Bank's products and services.
Good PC skills.
A University Degree.
Minimum of two years experience in Trade Operations
Knowledge of risks and local Laws relating to Trade
Good knowledge of applicable international trade practices.

Application Closing Date
27th May, 2013

Method of Application
Interested and qualified candidates should:
Click here to apply online

Note: When the page opens, at the Location dropdown, select Nigeria - SCB and click Search, then click LC Payment Officer.

Sorry, this listing is no longer open.

Share this job:

Dangote Cement Plc HEMM Operators Training Programme

Ahmadu Bello University (ABU) Massive Graduate and Exp. Academic and Non-academic Job Recruitment (286 Positions)

Ahmadu Bello University (ABU) Non-academic Job Recruitment (14 Positions)

University of Abuja (Now Yakubu Gowon University, Abuja) Academic and Non-academic Job Recruitment (114 Positions)

University of Maiduguri Teaching Hospital (UMTH) Job Recruitment (34 Positions)

Peoples Democratic Party (PDP) Massive Job Recruitment (29 Positions)

David Umahi Federal University of Health Sciences (DUFUHS) Massive Academic and Non-academic Job Recruitment (129 Positions)

Nigerian Content Development and Monitoring Board (NCDMB) Oil and Gas Field Readiness Training Program (10,000 Openings)

University of Ibadan (UI) Massive Academic and Non-academic Job Recruitment (372 Positions)

Federal University Oye-Ekiti (FUOYE) Massive Graduate and Exp. Academic and Non-Academic Job Recruitment (384 Positions)

Federal University of Health Sciences, Otukpo (FUHSO) Massive Academic and Non-academic Job Recruitment (384 Positions)

Access Bank Plc Entry Level Training Program 2025

Ecobank Nigeria Entry Level Development Programme (ELDP) 2025

Nigerian Army Massive Recruitment for Trades / Non Tradesmen & Women Nationwide (90 Regular Recruits Intake)

Shell Petroleum Development Company (SPDC) Job Recruitment

Comments (0)

Post a Comment

Name: *
Email: *
Comment: *