FX Funding and Allocation Officer at First Bank

Job Overview

Location
Lagos, Lagos
Job Type
Full Time
Date Posted
13 days ago

Additional Details

Job ID
109587
Job Views
28

Job Description

  • Application Deadline: Mon, 23 Dec 2024 00:00:00 GMT
  • Position: FX Funding and Allocation Officer


  • Job Type Full Time


  • Qualification BA/BSc/HND , MBA/MSc/MA


  • Experience 3 - 5 years


  • Location Lagos



  • Job Field Banking 









Duties and Responsibilities




  • Responsible for processing and delivery of all FX allocation for all products

  • To provide strong support in delivery service excellence for the assigned unit or department and ensure successful implementation of all turn-around-time (TAT) as agreed with both internal and external customers. Transfer of funds to various offshore accounts (Intra-bank) as advised by Treasury Dept.

  • Processing of FX conversion for Mastercard, Visa card, Ria Payment, MoneyGram, Western Union Money Transfer, TransFast settlement on daily basis

  • Transfer to other banks for cross-currency settlement (FX Switches)

  • Handles FX Allocation with diligence and accuracy, ensuring all information are accurately captured 

  • Engagement with the internal and external stakeholders on product and prompt settlement of coupons Inter-bank for FX Spot/Swap/Placement/Takings.

  • Responsible for daily and periodic reconciliation of Nostro, GL and Suspense accounts, ensuring open items are timely closed on all transactions processed. 

  • Operationalize the associated risk control measures on FX allocations.

  • Enforces presentation of compliant documents on vendor and service payments

  • Attend enquiries and issues resolution requests from the FX allocation to customers.

  • Laisse with Treasury on resolution of FX allocation with wrong details 



Minimum Year of Experience Required    




  • 3-5 years of experience in TROPS Functions



Education Background / Professional Qualification    




  • First Degree in any discipline

  • TROPS Certification (ACI), master degree and other professional certification (added advantage)



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