Officer, Trade Returns
Standard Bank
Lagos, Nigeria
2 months ago

Job Details

Group Operations : a range of essential and complex services to ensure processes across the bank work as effectively and efficiently as possible

Job Purpose

Produce timely and accurate regulatory / compliance returns, ensuring that Stanbic IBTC stays in step with the statutory requirements of Central Bank and other regulatory bodies.

Automating the end-to-end workflow of regulatory reporting from data capturing to validation (at our end) viz-a-viz report delivery to CBN with zero error tolerance.

Key Responsibilities / Accountabilities

Key Responsibilities

  • Spools the daily FX trading from Calypso.
  • Import the transaction onto an excel sheet.
  • Classify transactions on excel into different categories.
  • Ensure that the Closing Positions (from Market Risk Report & Returns) agree.
  • Prepares the daily (DTRs)
  • Fill CBN’s Data Submission System / eFASS and generate an XML file.
  • Generate jar file from XML file.
  • Upload the jar file via eFASS to CBN.
  • On DSS, generate the jar file for all the reports
  • Upload the jar file to CBN (on or before the 5th day of the succeeding month or the next working day if 5th falls on a weekend)
  • Back-up for other Exchange Control Officers (FECD)
  • Any other duties that may be assigned from time to time.
  • Back up functions

  • Back up for CCI desk
  • Customer Service

  • Enhance the bank’s image through effective customer service.
  • Maintain a good service relationship with Treasury / GMO
  • Resource Utilisation

  • Ensures effective, efficient and optimal utilisation of all resources (human and capital) to be responsive to competitive pressures, changing market conditions, client needs and business strategies
  • Operational Performance

  • Identifies and defines tactical operational performance metrics geared towards meeting Excon units objectives by leveraging opportunities.
  • Collaborates with other areas to ensure that best practices and a standard approach is followed.
  • Control

  • Identifies, assesses and mitigates the risks facing both systems and business processes thereby minimising the operational risks.
  • Problem-solving

  • Required to follow laid-down policies and procedures at all times.
  • Deal with a wide range of customer queries, showing sensitivity to customers’ individual requirements as well as the bank’s laid-
  • down operational / procedural limitations.

    Key performance measure

  • Consistent achievement of high levels of customer service and satisfaction
  • Compliance and improvement on turn- around times (TAT)
  • Reduction of costs and increased throughput (output)
  • Compliance to regulatory requirements governing banking practices
  • Effective management and mitigation of operational risks
  • Internal

    Business area : Branches (PBB) / TPS (CIB)


    Preferred Qualification and Experience

  • First Degree in a Social Science related course
  • Master's Degree is an added advantage
  • 2- Year’s banking experience; experience in Trade, Payments, Swift, Exchange Control would be an advantage.
  • Working knowledge of rules and regulations governing Payments and Trade
  • Risk identification and assessment skills
  • Negotiation skills
  • Good knowledge of credit & trade
  • Ability to analyse trends and make forecasts
  • Good use of Microsoft office tool
  • Good use of Finacle
  • Attention to detail and results oriented
  • Work in a fast paced environment
  • Knowledge / Technical Skills / Expertise

  • Knowledge of the products processed in Exchange Control and Compliance.
  • An extensive knowledge and understanding of the various systems used within the department.
  • Comprehensive understanding of banking transaction processes relevant to products and services offered to customers.
  • Practical knowledge of how to input access and utilize information to analyze forecast trends.
  • Knowledge of the applicable legislation.Understanding of the Bank’s systems, processes and procedures.
  • Understanding the basics of team dynamics and participation in developing and maintaining a team culture.
  • Broad understanding of international business operations.
  • Broad understanding of problem resolution in respect of role
  • Knowledge in Foreign Exchange Controls and any other guidelines
  • Knowledge of rules governing trade and Treasury transactions
  • Apply
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