First Bank Plc. has commenced recruitment for the post of team lead (payment and negotiations) in its Samuel Asabia House, Lagos branch.
Job Description
The employee would be 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
He would also provide 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 and oversee the process of provision of assurance functions in respect of enforcement of terms and conditions of Letters of Credit.
The employee is also expected to handle 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. He also oversees and Co-ordinates the process of Trade Loans booking and liquidation, Interest bookkeeping and collection, Charges administration on Trade Transactions, the process of administration of Revenue Assurance functions for the bank on Negotiated Documentation, Trade Loans, etc..
Additionally, the candidate would oversee the process of Interest and Charges Collection and Remittance as well as daily and periodic reconciliation of Nostro, GL, Suspense, Receivables and Payable accounts, ensuring open items are timely closed.
The occupant of the position also oversees the process of periodic rendition of regulatory, management and ad-hoc returns/reports as applicable to Payment and Negotiation functions, the process of administration and management of associated operational risks are identified with the risk mitigants put in place to avoid risk crystallization.
The position also entails liaising with FINCON and External Auditors on Audit and Financial matters as well as developing and handling capacity enhancement, skills building and knowledge transfer plans and programs for the team members.
Job Requirements
- Minimum of 8-10 years of experience in Trade Functions
- First Degree in any discipline
- Trade Certification (CDCS, CSDG, CITF)
- Master’s degree and other professional certification (added advantage)
