Trade Specialist, Invisibles 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: Trade Specialist, Invisibles

Job Identification: 1038
Location: Lagos, Nigeria
Job Type: Full-time

Job Description

• Responsible for processing and delivery of all Form A and Invisible Products and Services (CCI, PTA, BTA, ESTACODE, Vendor and Dividend Payments and Remittances, CCI and Profit Repatriation, and all other invisible payment products and services) for the bank
• Enforcement of compliance with the regulatory dictates, ensuring that the provisions of the dynamically changing foreign exchange manual and relevant international rules are complied with in the process of delivery of Form A and Invisible Products and Services in the bank.
• Handles Form A registration compliance assurance functions 
• Engagement with the internal and external stakeholders on product and technology platform development for   Invisible products.
• Responsible for daily and periodic reconciliation of Nostro, GL and Suspense accounts, ensuring open items are timely closed on Invisible transactions. 
• Operationalize the associated risk control measures on Invisible process/payment and Negotiation functions.
• Enforces presentation of compliant documents on vendor and service payments
• Rendition of daily/monthly/periodical reports on Invisible transactions.
• Attend enquiries and issues resolution requests from the Invisible service customers.
• Laisse with Treasury on provision of FX for settlement of Invisible transactions

Requirements
Education:

• First Degree in any discipline
• Trade Certification (CDCS, CSDG, CITF), master degree and other professional certification (added advantage).

Experience:

• 3-5 years of experience in Trade Services Functions.

Application Closing Date
2nd May, 2024.

Method of Application
Interested and qualified candidates should:
Click here to apply online