Officer, Regional Cash at Stanbic IBTC Bank - Abuja and Kano

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.

We are recruiting to fill the below position:

Job Title: Officer, Regional Cash

Job Code: 12781
Locations: Abuja and Kano
Employment Type: Full Time - Permanent

Division Proposition

• The Operations division of Standard Bank is at the very centre of all the bank’s procedures, enabling and optimizing 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 cash Officer professional, who will help guide our work to fulfill our ambitious growth strategy

Position Description
Job Purpose:

• To effectively support the manager cash centre in achieving the overall objectives of the organizational goal especially in the area of monitoring cash in transit within the region through pro-actively tracking cash holdings of the branches, guarding against idle cash build-up which could culminate to losses, Reconciliation and Report generations and other business units within Stanbic IBTC Bank Plc

Key Responsibilities

• Close monitoring of cash movement in the entire region
• Regularly mop-up of excess cash, mutilated notes etc. for lodgment into CBN
• Daily monitoring & reconciliation of FX and Naira GL accounts
• Be discrete in handling information relating to cash movement for security reasons
• Rendition of weekly & monthly reports as at when due
• Ensure records of the hub’s activities are properly filed & archived
• Ensure that adequate leadership skills and competencies are displayed at all times and efficient coordination of your direct reports
• Ensure adequate of store items through adherence to pre-determined re-order levels.
• Ensure that equipment are in good working order.
• Cost Management
• Develops and implements initiatives to reduce cost and ensure that the budget for Cash Management Unit is met.
• Develop initiatives to improve operational efficiency and achieve reduction in operational costs.

Resource Utilization:

• Ensures effective, efficient and optimal utilization of all available resources to be responsive to meet up with the operational demand.

Performance:

• Identifies and defines operational performance metrics geared towards meeting/exceeding the departmental goals & objectives
• Maintain excellent service delivery to the branches for a better service
• Working in teams to achieve optimal results
• Provision of accurate and timely MIS report to the centre for informed decision making

Control:

• Identifies and assesses the risks in existing processes and make recommendations to the centre for enhanced risk/loss management
• Ensure that the branches adhere strictly to laid down procedures on cash movement to minimize the risk of financial loss to the Bank
• Work with the branches to ensure that shortages recorded from their daily evacuation (a potential loss to the Bank) are eliminated or reduced to the barest minimum

People Management:

• Drives a performance management and career development culture through mentoring and motivating in regular team and one-on-one meetings to ensure optimal performance and minimize staff turnover rate
• Ensure intermittent job rotation/shadowing amongst your reports for optimal performance
• Undertake One - on - One six weekly discussions for your direct reports to discuss progress report on individual performance for effective enduring performance management
• Effectively leave planning to ensure leave days are utilized by march of every year
• Develop knowledge sharing sessions for the team for improved performance

Self-Development:

• Identifies appropriate formal and occupational (informal) training needs and courses (internal/external) to develop oneself.
• Up-Skills self with regards to new processes and procedures through attendance of workshops/presentations and reading of internal and external communications.

Required Skills and Qualifications

• B.Sc/HND
• Experience
• Two years
• Technical competencies
• Good in figures
• Personal competencies
• Ability to work in a coordinative manner.

Required Competencies

• Timely processing of requests within agreed SLA
• Strict compliance with the laid down procedures for cash management
• Maintain a good relationship with the branches & service providers
• Liaising with CBN on Cash Management issues
• Operate within the approved limit for the hub & sell excess cash to other banks / lodge them to CBN
• Ensure the branches comply with the laid down procedures of cash management
• Daily monitoring of branches cash holding positions to ensure they are within the approved limit
• Co-ordination of CIT activities to ensure optimal efficiency
• Supply Mints/ATM Fitted notes for the smooth running of the ATM's
• Ensure provision of change in mints/clean notes for CIB clients (If any) within the region
• Monitoring and developing strategies that would help reduce cost.

Application Closing Date
9th February, 2015.

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