Officer Trade Returns at Stanbic IBTC Bank

Job Title: Officer Trade Returns

Job ID: 11676
Location: Nigeria

Position Description
To produce timely and accurate regulatory /compliance returns, ensuring that Stanbic IBTC stays in step with the statutory requirements of Central Bank and other regulatory bodies. Automating the end-to-end workflow of regulatory reporting -- from data capturing to validation (at our end) viz-a-viz report delivery to CBN with zero error tolerance.

Key responsibilities

• Daily Returns
• Spools the daily FX trading from Calypso.
• Import the transaction onto an excel sheet.
• Classify transactions on excel into different categories.
• Ensure that the Closing Positions (from Market Risk Report & Returns) agree.
• Prepares the daily (DTRs)
• Fill CBN’s Data Submission System/eFASS and generate an XML file.
• Generate jar file from XML file.
• Upload the jar file via eFASS to CBN.

Monthly Returns

• Consolidate the daily DTRs to generate the month end returns(MTRs)
• Fill CBN’s Data Submission System/eFASS and generate XML files for each of the returns (listed above).
• On DSS, generate the jar file for all the reports
• Upload the jar file to CBN (on or before the 5th day of the succeeding month or the next working day if 5th falls on a weekend)
• Back-up for other Exchange Control Officers (FECD)
• Any other duties that may be assigned from time to time.
• Back up functions
• Back up for CCI desk
• Customer Service
• Enhance the bank’s image through effective customer service.
• Maintain a good service relationship with Treasury/GMO

Resource Utilisation

• Ensures effective, efficient and optimal utilisation of all resources (human and capital) to be responsive to competitive pressures, changing market conditions, client needs and business strategies

Operational Performance

• Identifies and defines tactical operational performance metrics geared towards meeting units objectives by leveraging opportunities.
• Collaborates with other areas to ensure that best practices and a standard approach is followed.
• Provides accurate and timely MIS as per the matrix agreed with Centre (ROA Operations) to enable informed decision making.

Control

• Identifies, assesses and mitigates the risks facing both systems and business processes thereby minimising the operational risks.

Problem-solving

• Required to follow laid-down policies and procedures at all times.
• Deal with a wide range of customer queries, showing sensitivity to customers’ individual requirements as well as the bank’s laid-down operational/procedural limitations.
• Refer problems falling outside of parameters to the supervisor for resolution.
• Able to take the initiative within limits of authority.
• Proactive end to end query management

Self Development

• Identify appropriate formal and occupational (informal) training needs and courses (internal/external) to develop yourself under discussion with Team Leader.
• Up-Skill yourself regarding new products and procedures through attendance of workshops/presentations and reading of internal and external communications.
• Share knowledge acquired from courses and apply knowledge gain for value added to job role performance

Key performance measure

• Consistent achievement of high levels of customer service and satisfaction
• Compliance and improvement on turn- around times (TAT)
• Reduction of costs and increased throughput (output)
• Compliance to regulatory requirements governing banking practices
• Effective management and mitigation of operational risks
• Constant feedback and support to Team Leader, Regulatory Reporting & CCI.
• Error free processing-zero errors
• Proactive approach to work, willing to take responsibility, ownership and throughput.

Required Skills and Qualifications
Experience

• Minimum of a bachelors degree in any discipline
• 2- Year’s banking experience; experience in Trade, Payments, Swift, Exchange Control would be an advantage.
• Working knowledge of rules and regulations governing Payments and Trade
• Attention to detail and results oriented
• Work in a fast paced environment

Knowledge
Knowledge of the products processed in Exchange Control and Compliance.
An extensive knowledge and understanding of the various systems used within the department.
Comprehensive understanding of banking transaction processes relevant to products and services offered to customers.

• Practical knowledge of how to input access and utilize information to analyze forecast trends.
• Knowledge of the applicable legislation.
• Understanding of the Bank’s systems, processes and procedures.
• Understanding the basics of team dynamics and participation in developing and maintaining a team culture.
• Broad understanding of international business operations.
• Broad understanding of problem resolution in respect of role
• Knowledge in Foreign Exchange Controls and any other guidelines
• Knowledge of rules governing trade and Treasury transactions

Required Competencies

• Technical competencies
• Risk identification and assessment skills
• Ability to identify trends and make recommendations to Management

Personal competencies

• Excellent interpersonal and communication skills (across the business)
• Strong customer focus and service orientation
• Creative, analytical with good problem solving skills
• Self driven, values based, innovative, independent adaptive and results orientated person
• High emotional intelligence
• Respond positively to change- be flexible, pro-actively encourage change.
• Teamwork skills – consistently promote teamwork, and add value within the team.
• Independent and energetic – Needs to be self-motivated, enthusiastic and show initiative with a sense of responsibility.