Officer, Trade Returns
Stanbic IBTC
Lagos
6d ago
source : myJobmag
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    Stanbic IBTC Bank is a leading African banking group focused on emerging markets globally. It has been a mainstay of South Africa's financial system for 150 years, and now spans 16 countries across the African continent.

    Standard Bank is a firm believer in technical innovation, to help us guarantee exceptional client service and leading edge financial solutions.

    Our growing global success reflects our commitment to the latest solutions, the best people, and a uniquely flexible and vibrant working culture.

    To help us drive our success into the future, we are looking for resourceful individuals to join our dedicated team at our offices.

    Job ID : 27274

    Job Sector : Financial Services

    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

    Process Trade transactions : - Document Examination, Negotiation on Import Letters of CreditsSupport and assist the Team Leader, Trade by providing the necessary support services to ensure the efficient operations of systems and processes of Trade transactions.

    Deliver excellent service to both internal and external clients.Answering of any queries thereof on daily basis

    Key Responsibilities

    Process all requests to issue Import Letter of Credit in line with TAT and processing and regulatory guidelines.Prompt processing of all incoming messages in respect of role and within agreed TATFollow up on all queries sent or received and ensure that all queries are executed within turn -

    around times.Ensure all source documentation are properly stored in transactional file, this is to ensure availability at the request of the various stakeholdersProcess all trade transactions in compliance with exchange controls regulations and rulings.

    abide by procedures, group reference guide (GRG) to banking routineTimely processing of Letters of Credit to avoid reputational / regulatory issues by tracking due dates of such payments

    Key performance measure :

    Import Letter of Credit processed within SLAMeasurement : Minimal customer / stakeholder complaintsConsistent achievement of high levels of customer service and satisfactionCompliance and improvement on turn-

    around times (TAT)Improved customer service and satisfaction levels as per customer survey resultsReduction of costs and increased throughputCompliance to regulatory requirements governing banking practicesEffective management and mitigation of operational risksManagement of relationships with suppliers and stakeholders

    Internal :

    Business area : Branches (PBB) / TPS (CIB)Nature of relationship : Provide a service to themSphere of influence : Impact the whole business line (PBB, IB or EF)Description or examples : issuing Letters of Credit and LC amendments

    External :

    Regulatory BodiesCustomers

    Preferred Qualification and Experience

    First Degree in a Social Science related courseMaster's Degree is an added advantage1-3 years experience in Business Support (Corporate & Investment Banking Operation, Global Market Operations, Personal & Business Banking Operations)Managing process,Good Relationship Mgmt.

    skillsRisk identification and assessment skillsNegotiation skillsGood knowledge of credit & tradeAbility to analyse trends and make forecastsGood use of Microsoft office toolGood use of Finacle

    Knowledge / Technical Skills / Expertise :

    General Administration - Basic ability to coordinate multiple administrative activities in to enable the efficient operations of a department.

    Awareness of risk management practices in a financial services organisation.Credit & Risk analysis - Conceptual and practical knowledge of credit procedures, policies, and standards, riskGood understanding and working knowledge of International Trade business -

    Ability to identify trends and make recommendations to Team LeaderProficiency in MS Office

    Job ID : 32593

    Job Sector : Financial Services

    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 reportsUpload 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 satisfactionCompliance and improvement on turn- around times (TAT)Reduction of costs and increased throughput (output)Compliance to regulatory requirements governing banking practicesEffective management and mitigation of operational risks

    Internal :

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

    External :

    Regulatory BodiesCustomers

    Preferred Qualification and Experience

    First Degree in a Social Science related courseMaster's Degree is an added advantage2- Year’s banking experience; experience in Trade, Payments, Swift, Exchange Control would be an advantage.

    Working knowledge of rules and regulations governing Payments and TradeRisk identification and assessment skillsNegotiation skillsGood knowledge of credit & tradeAbility to analyse trends and make forecastsGood use of Microsoft office toolGood use of FinacleAttention to detail and results orientedWork 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 ’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 roleKnowledge in Foreign Exchange Controls and any other guidelinesKnowledge of rules governing trade and Treasury transactions

    Method of Application

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