Head, Transaction Banking Operations at First Bank of Nigeria Limited

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.

We are recruiting to fill the vacant position below:

Job Title: Head, Transaction Banking Operations

Ref Id: 1900000Y
Location: Lagos
Job: FBN GEN. Job Family
Organization: Technology and Services
Schedule: Regular
Shift: Standard
Job Type: Full-time

Description

• Provide both short and long-term direction for the overall business strategy of the department which includes International Trade processing, Funds transfer: Inwards and Outwards, Foreign Currencies Management/Payments Import and Export transactions, Foreign cheques clearing and Money transfer back Office, Payment for offshore services.
• Implement the activities of the department in a cost-effective and lawful manner on all import/export activities for the bank’s customer.
• Maintain and share with the bank’s management team personal knowledge of all relevant import/export and Funds Transfer regulations and laws as well as procedures; tariffs and duties; licenses and restrictions at all times
• Provide Marketing support for relationship Managers
• Advisory role to customers and relationship managers
• Provide Training/ educational support to Relationship Manager and Operation Staff.
• Ensure all processes are carried out timely and in compliance with laid down policies and regulations
• Ensure that the regulatory requirements of the supervisory bodies are met: CBN, NDIC etc.
• Periodical review of industry competitive environment for the purpose of evolving appropriate strategies to deepen the bank’s market share.
• Risk management in relation to the various roles of the EFT unit (FIP, RTGS, Ebills, First Monie transactions and NIBSS Central mandate Management system platform.
• Manage the unit that oversee staff payroll, Benefits and compensations, Ex-staff settlements, Staff welfare loans, Statutory remittances – PAYE, NSITF, NHF, PFA and Staff payment ledger accounts
• Liaise with HCMD and FINCON on timely resolution of issues concerning staff payment transactions

Qualifications
Education:

• Minimum Education: First Degree in any discipline preferably Numerate, higher degrees/Professional certifications (nice to have)
• Problem solving - capacity to analyze situations, diagnose problems, identify key issues, establish and evaluate alternative courses of action and produce a logical, practical and acceptable solution
• In depth knowledge of analysis of L/C and Standby terms including that of risk participation and syndication and all types of bonds and guarantees.
• Ability to think strategically and assist in the organization
• Detailed knowledge on Trade processing and operations
• Strong business sense and commercial judgment
• Good communication and interpersonal skills.
• All round managerial / leadership qualities
• Detailed knowledge of the bank's mainframe system, and its related systems would be an advantage.
• Good knowledge of Local and foreign  Laws and Regulations as it relates to International trade
• Knowledge of various Trade Products and mix to maximize profitability for the bank as well as the importer.
• Must have an in-depth knowledge of import/exports, LC’s, trade transactions, FX rates and banking procedures and charges including that of risk participation.
• Have strong commercial acumen with the ability to analyze the impact of FX and interest rates and delays in shipments on the business
• Thorough knowledge in various ICC publications especially UCP 500 & 600, ISBP, ISP 98, URR 525, URC 522, CBN Foreign Exchange Manual, various ICC publications.
• In depth knowledge of analysis of Standby terms including that of risk participation

Experience:

• Minimum experience: 18-year relevant working experience in foreign operations.

Application Closing Date
Not Specified.

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