Team Lead, Invisibles and Remittances at First Bank

Job Overview

Location
Lagos, Lagos
Job Type
Full Time
Date Posted
1 year ago

Additional Details

Job ID
87339
Job Views
87

Job Description



JOB DESCRIPTION



  • Responsible for overall coordination, management, administration, and delivery of all Form A and Invisible Products and Services (CCI, PTA, BTA, ESTACODE, Vendor and Dividend Payments and Remittances, CCI and Profit Repatriation, and all other invisible payment products and services) 

  • Provides leadership in the process of enforcement of compliance with regulatory dictates, ensuring that the provisions of the dynamically changing foreign exchange manual and relevant international rules are complied with in the process of delivery of Form A and Invisible Products and Services.

  • Oversees the process of mandatory compliance with the requirements of form A registration ensuring and enforcing submission of all regulatorily dictated documentation.

  • Handles the process of engagement with the regulators, internal and external stakeholders, local and foreign counter parties on product, process and platform development for   Invisible products, providing enabling environment for product growth and delivery in the bank.

  • Oversees the process of daily and periodic reconciliation of Nostro, GL and Suspense accounts, ensuring open items are timely closed. 

  • Oversees the process of administration and management of associated operational risks ensuring that process and operational risks are identified with the risk mitigants put in place to avoid risk crystallization.

  • Develops and handles capacity enhancement, skills building and knowledge transfer plans and programs for the team members.          


Experience



  • 8-10 years of experience in Trade Functions


Education



  • First Degree in any discipline

  • Trade Certification (CDCS, CSDG, CITF)

  • Master’s degree and other professional certification (added advantage)


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