VISA International Settlement 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: VISA International Settlement Officer

Job Identification: 1332
Location: Lagos
Employment Type: Full-time

Responsibilities

• Daily Settlement of visa international Acquired & Issuing transactions including Merchant refunds and issuer/acquirer chargeback to VISA Credit customers 
• Settlement of international NOU transactions for the following card types: visa credit cards, visa prepaid (NGN & USD), and visa Gold.  
• Contact and follow up with Emerging Market Payment (EMP- our third party processor) for credit cards & Unified Payments Services Limited (UPSL) on exceptions arising from daily settlement files. 
• Review with Ebusiness and processing of VISA International monthly billing to the Bank (training costs, issuer fees, acquirer fees, etc.) 
• Use VSS reports (110,120, 210 and 300) int’l to process the breakdown the settlement values into various settlement and subsidiaries accounts. 
• Visa offshore account funding: Reconcile the visa credit card offshore transactions to determine the figure that will be reimburse to offshore account. 
• Prepare schedules and instructions to corporate loans department and treasury department for re-imbursement of offshore VISA Settlement Account with SCB NY with funds recouped from First Bank VISA cardholders for transactions done internationally 
• Review and resolve discrepancies and issues raised on domiciliary accounts as related to 
  VISA Int’l transactions 
• Monitor the VISA Settlement Account with SCB NY to ensure it is adequately funded to receive the daily Net Settlement amounts. VISA AC
• Advise treasury deal margin for VISA ACOB currency conversion for the bank to buy dollar and we receive the naira equivalent at an advised rate.
• POS ACQUIRED DOLLAR process for settlement of merchants for transactions consummated on the merchant’s terminal.
• As part of the Bank’s Information Security requirements, maintain the security of all Information entrusted to the staff and comply with the principles and policies in the Information Security Handbook.

Requirements

• Minimum Education: B.Sc/HND in any Discipline, preferably a Numerate Discipline.  
• Familiarity with electronic banking products is very essential.
• Analytical skills and willingness to learn is key recruitment criteria.

Application Closing Date
8th April, 2025,12;43