Funds Transfer Officer at United Bank for Africa Plc (UBA)

United Bank for Africa Plc (UBA) is one of Africa's leading financial institutions, with operations in 19 African countries and 3 global financial centres: London, Paris and New York. From a single country organisation founded in 1949 in Nigeria UBA has grown to become a pan-African provider of financial services with over 11 million customers, through close to 1000 business offices and touch points globally.

We are recruiting to fill the position below:

Job Title: Funds Transfer Officer

Location: Lagos
Employment Type: Full-time

About the Job

• We are in search of individuals/talents who are Enterprising, Excellence driven and can Execute business goals within the UBA Group; if you believe you exude these attributes, this position may interest you

Roles & Responsibilities

• Receipt of Instructions from Clients via SWIFT/E-mail/hard copy.
• Acknowledge receipt of instruction to Client via email
• Review clients instructions for authenticity and Signature verification
• Check clients cash custody account to confirm that account is adequately funded for the transfer.
• Notify client if account is not funded and follow through with reminder mails.
• Execution of Transfer instruction via the available platform i.e. U Direct corporate/ RTGS /NEFT/NIP/NIBBS etc.
• Follow up on the status of all transaction treated to ensure that they are all successful.
• Re-initiate unsuccessful transactions.
• Update client of status i.e. successful. If unsuccessful, give reason.
• Attend to all transfer related enquiries from clients.
• Daily call over of all transactions treated and submit call over report to Head Custody Ops for sign off.
• Request for daily NEFT/NIP reports from the respective units.
• Maintain a proper record of all transactions.
• All trade tickets to be submitted to Internal control for review and
• Receipt of Instructions from Clients via SWIFT/E-mail/hard copy.
• Review clients’ instructions for authenticity and Signature verification
• Check client’s cash custody account to ensure that the account is adequately funded for the cheque issuance.
• Instruction is sent to UBA branch to issue Cheque.
• Follow up on all Cheque Issuance to the point of execution.
• Cheque is recorded in a cheque register before it is given to the Client.
• The Client signs for the cheque before it is released.
• Attend to all Cheque related enquiries from clients.
• Daily call over of all cheques issued.

Other Functions
Reconciliation:

• Review all treasury bills, FGN /Corporate/State Bonds, Commercial paper and fixed deposits (placements) handled by the Settlement Desk to ensure that the instructions are treated before the cut-off time. The amount, tenor, rate, counterparty etc are correct and in line with the instructions received from the Client.
• Any error should be reported to the settlement Team and Head Custody Operations immediately for prompt resolution.
• Client should be duly informed within 2 hours and the steps to be taken to rectify the error.
• Inform client immediately the error has been corrected.

General Enquiries:

• Attend to all client enquiries and Queries relating to funds transfer.
• Any other duties that may be assigned

Job Requirements

• Education: Minimum education level: Good Degree/other related fields
• Experience: Minimum experience: Three(1) Year.

Application Closing Date
Not Specified.