Reconciliation Officer - Global Market Operations at Stanbic IBTC Bank

Stanbic IBTC Bank is a leading African banking group focused on emerging markets globally. It has been a mainstay of South Africa's financial system for 150 years, and now spans 16 countries across the African continent.

The Operations division of Standard Bank is at the very centre of all the bank’s procedures, enabling and optimising our Corporate and Investment Banking activities. We develop prototype concepts into robust, reliable solutions, constantly evolving our existing product range to help the bank maintain a competitive lead with our global clients. We are also in demand as internal consultants to the business, helping to manage the Bank’s assets through effective risk management and control systems. As part of this role we now seek an experienced reconciliation professional, who will help guide our work to fulfill our ambitious growth strategy

Stanbic IBTC Bank is recruiting to fill the position of:

Job Title: Reconciliation Officer - Global Market Operations

Job ID: 12739
Location: Nigeria

Job Purpose

• To effectively support Global Market Operations functions on reconciliation of various and allied accounts with the purpose of providing quality level of operational service in support of Global Market and other business and functional units within Stanbic IBTC Bank Plc.

Key Responsibilities

Customer Satisfaction:

• Daily reconciliation of various position accounts.
• Timely expunge of outstanding transactions under advice to Global Market Operations.
• Excellent customer service delivery at all times.

Training and Development:

• Self development through on-the-job training.
• Cross functional training and job rotation.
• Participation in departmental training, workshops, conferences and seminars.
• Reading of departmental manuals and GRG.

Financial Management:

• Ensure proper use of stationery within the department.

Internal Business Process:

• Ensure compliance with controls and procedures
• Ensure that position accounts are reconciled daily and outstanding items queried.
• Weekly reconciliation of suspense accounts
• Timely reconciliation and query of outstanding items.
• Ensure the integrity of data processed
• Ensure proper house and record keeping.

Change Agent Role:

• Ensure good follow up on projects and strategies planned in the department.
• Ensure good adaptation to structural changes in the unit.
• Continuous improvement in our processes.
• Ensure full service and total support to other business units

Key Performance Measures:

• Constant feedback to team leader and head GMO
• Quality assurance level of operational service provided to business units.
• Ensure the execution of checklists and action plans are carried out in the correct manner and within specified time frames.
• Contribute innovatively & Support the business strategic objectives.
• Continuous improvement on desk functions
• Ensure systems and processes are appropriate.
• Improve operational integrity.

Internal and External Relationships

Internal Relationships:

• Promote a co-operative, supportive working relationship among team members.
• Liaise closely with IBC, CIB, Global Markets, FINCON, management

External relationships:

• Liaise closely with Regulators, and other settlement banks as well as correspondent banks to ensure acceptable international operations and prompt resolutions of issues.

Required Skills and Qualifications
Qualifications

• A university degree/Equivalent preferably but not limited to any of the following: B.SC (Economics, Business Administration, Banking & Finance, Accounting),
• ACI certification (added advantage)

Experience

• Minimum of 2 years banking experience.
• Understands and produces documentation to the level expected by the Head, GMO

Required Competencies
Technical Competencies

Problem solving:

• Able to deal with problems effectively with minimal impact on the customer.
• Deal with diverse problems and have a network channel to assist with the resolution of these problems effectively i.e. know who the key players are.
• Liaise and communicate with the support mechanisms (help desk).
• Planning
• Ability to prioritise daily activities for effectiveness and efficiency.
• Decision making
• Able to weigh things up quickly and take the initiative in line with authority.
• Apply banking acumen and sound common sense to processing issues.
• Monitor changes in the operating environment, quick to act upon potential opportunities.

Personal Competencies:

• Effective communication skills, verbal and written.
• Presentation skills
• Socially confident - puts people at ease, mixes easily, creates good impression.
• Respond positively to change - be flexible, pro-actively encourage change.
• Teamwork skills – consistently promote teamwork, and add value within the team.
• Sense of responsibility – show respect towards others
• Independent and energetic – Needs to be self-motivated, enthusiastic and show initiative.
• Customer service oriented.

Application Closing Date
20th November, 2014

How to Apply
Interested and qualified candidates should:
Click here to apply online