FX Funding and Allocation Officer 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 position below:

Job Title: FX Funding and Allocation Officer

Job Identification: 1127
Location: Samuel Asabia House, Lagos

Responsibilities

• Responsible for processing and delivery of all FX allocation for all products
• To provide strong support in delivery service excellence for the assigned unit or department and ensure successful implementation of all turn-around-time (TAT) as agreed with both internal and external customers. Transfer of funds to various offshore accounts (Intra-bank) as advised by Treasury Dept.
• Processing of FX conversion for Mastercard, Visa card, Ria Payment, MoneyGram, Western Union Money Transfer, TransFast settlement on daily basis
• Transfer to other banks for cross-currency settlement (FX Switches)
• Handles FX Allocation with diligence and accuracy, ensuring all information are accurately captured 
• Engagement with the internal and external stakeholders on product and prompt settlement of coupons Inter-bank for FX Spot/Swap/Placement/Takings.
• Responsible for daily and periodic reconciliation of Nostro, GL and Suspense accounts, ensuring open items are timely closed on all transactions processed. 
• Operationalize the associated risk control measures on FX allocations.
• Enforces presentation of compliant documents on vendor and service payments
• Attend enquiries and issues resolution requests from the FX allocation to customers.
• Laisse with Treasury on resolution of FX allocation with wrong details 

Requirements

• 3-5 years of experience in TROPS Functions
• First Degree in any discipline
• TROPS Certification (ACI), master degree and other professional certification (added advantage)

Application Closing Date
20th August, 2024