Posted on Tue 01st Mar, 2022 - hotnigerianjobs.com --- (0 comments)
Wema Bank Plc - Widely reputed as the longest surviving and most resilient indigenous bank in Nigeria, Wema Bank Plc has over the years, diligently offered a fully-fledged range of value-adding banking and financial advisory services to the Nigerian public.
We are recruiting to fill the position below:
Job Title: Head, Trade Services
Location: Lagos
Employment Type: Full Time
Specialization: Trade Services / Central Operations
Job Summary
To deliver efficient services to customers, meeting their numerous needs, coordinating operational activities in the department and ensuring compliance of team members to bank procedures and regulatory authorities.
Job Responsibilities
Provide overall leadership and direction for operations activities within the department
Enhance team performance to achieve quality customer service delivery
Ensure proper documentation of all transactions and authorize transactions within applicable approval limit
Ensure operational improvement and cost control through monitoring of approved expenses
Ensure adherence to bank policies and procedures by all unit processor
Monitor and evaluate performance of subordinates
Act as facilitator at staff trainings (Branch Operators & Relationship Officers) on Trade Services products
Initiate and accept relationship management (RMA) with existing and potential correspondence banks
Effective Supervision and general co-ordination of the various activities in Trade Service
Foreign and domestic Letter of Credit Services,
Export
Foreign Direct Investment
Foreign Portfolio Investment
Bills for Collection
Invisible Payment Services
Advanced Payment Guarantee
Purchase and Utilization of Foreign Currency
Compliance with Regulatory Authority guidelines
Reconciliation of all Nosro Accounts,
Form M Processing
Processing of Pre- Arrival Assessment Report
Cross Border Payment
Processing of Form Q Payment
Processing of Traveler Allowance and coordination of relevant report to CBN
Monitoring onshore and offshore enquiries
Collation of bank wide Secondary Market Intervention Sales SMIS bid request and submission to the CBN.
Analyse Trade activities and preparing comprehensive report to the Management for monitoring and decision-making process.
Joint calls to Trade customers (current and prospects).
Coordination of all regulatory returns and reports- Central Bank of Nigeria, Federal Ministry of Finance, etc. as required
Co-ordination of all Forex examination; annual, biannual, quarterly and spot
Collaboration with Correspondence Banking team on management of trade lines
Coordination of International Money Transfer Operation, IMTO
Training of direct reports on operations dynamics of Trade and recent update from regulators
Automation & Simplification of Trade Process
Monitoring and executing standard service level agreement and ensuring clients receive value added service.
Updating all staff and customers of recent update from CBN
Regular engagement with Correspondent banks for improved service
Ensuring top-most Trade compliance as demanded by the Correspondent banking
Regular Industry survey for latest practices
Perform other duties as assigned by Head, Central Operations & Trade Services.
Job Experience
Bachelor’s Degree in Sciences or Social Sciences. MBA/MSC/ACA/ACIB would be an advantage
7 Years post NYSC experience in Trade Services operations
Broad understanding of Foreign Exchange Manuals
A good knowledge of Letters of Credit
Certified Documentary Credit Specialist (CDCS) will be an added advantage.