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: Team Lead, Payment and Negotiations
Job Identification: 1239
Location: Samuel Asabia House, Lagos
Job Schedule: Full-time
Job Description
- Responsible for overall coordination, management, and administration of all Trade Credit Lines, Negotiation of Presentations on Documentary Credit, Booking and Liquidation of Trade Loans, Payments and Remittances on negotiated presentations and matured loans for the bank
- Provides leadership in the process of enforcement of compliance with regulatory dictates on Payment and Negotiation functions, ensuring that the bank complies with the provisions of the dynamically changing Foreign Exchange Extant Provisions, UCP, ISBP and other relevant international rules and standards.
- Oversees the process of provision of assurance functions in respect of enforcement of terms and conditions of Letters of Credit.
- Handles the process of engagement and relationship management with the regulators, internal and external stakeholders, local and foreign counter parties on payment and negotiation functions, sourcing of foreign exchange for payment on Compliant Presentations and Trade loans, platform development and business promotion.
- Oversees and Co-ordinate the process of Trade Loans booking and liquidation, Interest bookkeeping and collection, Charges administration on Trade Transactions.
- Oversees the process of administration of Revenue Assurance functions for the bank on Negotiated Documentation, Trade Loans, etc.
- Oversees the process of Interest and Charges Collection and Remittance
- Oversees the process of daily and periodic reconciliation of Nostro, GL, Suspense, Receivables and Payable accounts, ensuring open items are timely closed.
- Oversees the process of periodic rendition of regulatory, management and ad-hoc returns/reports as applicable to Payment and Negotiation functions.
- Oversees the process of administration and management of associated operational risks are identified with the risk mitigants put in place to avoid risk crystallization.
- Laisse with FINCON and External Auditors on Audit and Financial matters.
- Develop and handle capacity enhancement, skills building and knowledge transfer plans and programs for the team members.
Job Qualifications
Education:
- First Degree in any discipline
- Trade Certification (CDCS, CSDG, CITF)
- Master’s degree and other professional certification (added advantage).
Experience:
- 8-10 years of experience in Trade Functions.
Application Closing Date
1st January, 2025; 08:51 AM.
How to Apply
Interested and qualified candidates should:
Click here to apply online