Available Jobs at First Bank

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.         

Experience

8-10 years of experience in Trade Functions

Education

• First Degree in any discipline
• Trade Certification (CDCS, CSDG, CITF)

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JOB DESCRIPTION

• Manage the seamless delivery of new in-house applications that do not settle via the switches.
• Daily supervision, review of settlement files and upload of: 
• Customs duties manual collections 
• Nigerian Export Supervisory Scheme (NESS) collections 
• Customs duties Paydirect collections
• Resolution of failed Custom & NESS transactions on PayDirect & Firstcollect Platforms
• Supervise the daily, weekly and monthly statutory returns and reports in respect of manual Customs Duties collections remittance, NESS and NDCC remittances before submission to CBN and the various Customs ports 
• Ensures timely processing in the deactivation of Direct Debit Mandates customers (ARM Insurance, etc.) 
• Resolution of failed transactions initiated by various customers on inhouse application platform.
• Supervision of dispatched mailer to Lagos branches and upcountry branches via the courier service 
• Supervision and monitoring of record keeping of documents for customs, NESS and pin mailer.
• Ensures prompt weekly settlement and pre-reconciliation of PAYU in-branch transactions 
• Carries out daily reconciliation of biller transaction report with the settlement report for Firstbillspay settlement
• Reviews with the billers on variances with settlement and ensures prompt reversal is done to prevent loss of funds
• Prepares monthly invoice payment for the vendor via WEBADI and follows up to ensure prompt payment processing by the procurement and Centralized admin unit.
• Monitoring and recoup of funds to Ebusiness receivable account
• Conduct a second level authentication check on prepared E-tranzact settlement data upload file 
• Authorizes e-tranzact for settlement debits after obtaining approval from Heads of Settlement, Account monitoring and concurrence from the Head of department.

Exeperience

• Minimum experience: 8 years, 5 of which must have been spent in e-Banking/Products
• Minimum Education: 1st Degree in a numerate discipline

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JOB OBJECTIVE(S)

Supervise and manage the VISA Settlement Desks In line with stated processes and procedures.

DUTIES & RESPONSIBILITIES

• Supervises the prompt and accurate settlement of all variants of the VISA Card (Classic,Gold, Premium and prepaid) across the different transaction types (Domestic & International transactions) and across the available channels (ATM, POS and Web)
• Oversees the timely and accurate treatment of all VISA Dispense errors, chargebacks, representments, cash disbursement reversal adjustments and refunds.
• Manages the settlement of VISA First Pay link transactions.
• Partner with Account monitoring and Investigating team in the review and resolution of
• reconciliation entries on Visa related accounts
• Supervises timely upload of all  off cycle, annual and monthly credit card repayment as
• Processing of upload files from other sections of the unit.
• Manages the correct recognition of fees, charges and income for all VISA transactions.
• Ensures prompt and accurate funding of offshore accounts.
• Ensure timely resolution of discrepancies and enquiries on customers’ accounts and
• merchant settlements related to VISA transactions.
• Monitor and close all SLAs emanating from VISA settlement activity.
• Ensure proper and adequate stakeholders’ engagement as the need arises.
• Ensures a database of VISA activity files are maintained and updated.
• Review with the business and processing of VISA International monthly billing to the Bank (training costs, issuer fees, acquirer fees, etc.)

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JOB DESCRIPTION

• Develop account management and reconciliation procedures and framework that are sustainable and enduring for maintenance of clean books for the bank.
• Provides operational lead for management and reconciliation of all Nostro, Vostro, General Ledgers, Receivables, Payables and Suspense accounts for Trade and Payment Department 
• Develop and maintain account management and reconciliation relationships with external and internal partners and clients of the bank on Trade Transactions and Obligations.
• Provides operational lead for reconciliation of Clients’ Trade Obligations.
• Provides operational lead for daily reconciliation of the FX Blotter
• Monitor, track, and render weekly/monthly and periodic Trade Obligation report to the client and management team of the bank. 
• Liaise with Internal Control, BPM, GRU and FINCON  on account management and reconciliation matters for assurance of clean books for the bank. 
• Management and reporting of reconciliation activities for the organization in lines with the standard and best practice.
• Coordinate and Participate in projects relating to the enhancement of reconciliation capabilities / processes 
• Timely performance of daily/monthly and periodic reconciliations of Trade and Payment accounts
• Prompt escalation of reconciliation outages at the various level of escalation hierarchy till closure.
• Maintain & document reconciliation process, procedures and outcome for historical access, records, and unimpeded reconciliation framework.
• Setting clear expectations and consistently providing information, training, resources, feedback, coaching and recognition that help employees improve their performance.

Experience

5-7 years of experience in Trade Services Reconciliation

Education

• First Degree in Accounting and related discipline 
• Trade and Professional Certification as added advantage.

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JOB DESCRIPTION

• Responsible for provision of operational lead for Negotiation of presentations on Documentary Credit and Guarantees
• Processing and Authorization of Trade Loans Booking and Liquidations, Payments and Remittances on Documentary Credits and Matured Trade Loans.
• Provides Operational and Supervisory lead 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.
• Responsible for identification and enforcement of Letters of Credit terms and conditions as well as regulatory provisions in the delivery of Payment and Negotiation functions.
• Oversees the process of documents examination and management of identified discrepancies across the local and international space.
• Interfaces with the various regulatory agencies, internal and external stakeholders, local and foreign counter parties on payment and negotiation functions
• Oversees the process of sourcing of foreign exchange for payment of compliant presentations and Trade Obligations.
• Supervise and authorize the process of Trade Loans booking and liquidation, Interest and charges administration and collection on Trade Transactions.
• Enforces and operationalize the process of administration of Revenue Assurance functions for the bank on Negotiated Documentation, Trade Loans, etc.
• Responsible for delivery of daily and periodic reconciliation of Payment and Negotiation related Nostro, Vostro, GL, Suspense, Payables and Receivable accounts, ensuring open items are timely closed. 
• Supervision of rendition of regulatory, management and ad-hoc returns/reports as applicable to Payment and Negotiation functions. 
• Administration and Management of associated operational risks ensuring that Payment and Negotiation processes and the embedded risks are identified with the risk mitigants put in place to avoid risk crystallization.
• Management of Trade records for ease of access to historical records on demand by the regulatory authorities.
•  Liaises with the SBUs, Trade Clients, Correspondent Banks and other internal and external stakeholders on Payment and Negotiation functions, ensuring that all enquiries are promptly attended to, and all open items are swiftly closed.  
• Develop and handle capacity enhancement, skills building and knowledge transfer plans and programs for the team members.
• Identifies risks that are associated with the payment and negotiation functions and provides the corresponding risk mitigant for assurance of adequate cover against operational risks.         

Experience

5-7 years of experience in Trade Services Functions.

Education

• First Degree in any discipline
• Trade Certification (CDCS, CSDG, CITF)
• Master’s degree and other professional certification (added advantage)professional certification (added advantage)

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JOB DESCRIPTION

• Handles Negotiation of Documentary Presentations, Trade Loans Booking, bookkeeping, Payments, and Remittances on negotiated presentations and matured trade loans for the bank. 
• Enforcement of compliance and 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.
• Handles documents examination and management of identified discrepancies in line with the terms and conditions of the underlying Letters of Credit
• Initiate the process of Trade Loans booking, liquidation, Interest collection, remittance of payables, charges administration and collection on Trade Transactions.
• Handles Revenue Assurance functions for the bank on Negotiated Documentation, Trade Loans, etc.
• Delivery of daily and periodic reconciliation of Nostro, Vostro, GL, Suspense, Payables and Receivable accounts, ensuring open items are timely closed. 
• Rendition of regulatory and management, regulatory and ad-hoc returns/reports as applicable to Payment and Negotiation functions. 
• Responsible for Data and Records management on negotiated presentations for ease of presentation on demand by the regulatory authorities.
• Liaises with the business and other internal stakeholders on enquiries and issues resolution.

Experience

3-5 years of experience in Trade Services Functions.

Education

• First Degree in any discipline
• Trade Certification (CDCS, CSDG, CITF), master degree and other professional certification (added advantage)

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JOB DESCRIPTION

• Manage the accurate and timely settlement of all types/forms of MasterCard transactions (domestic and International) done on various platforms (POS, ATM, Web, QR
• Supervise/monitor the resolution of all attendant issues on MasterCard products. 
• Oversee all functions performed by other officers in MasterCard settlement team to ensure the team’s efficiency through timeliness and accuracy of all activities. 
• Oversee the management of all accounts used in the settlement of MasterCard products (including MasterCard Receivable and Payable Accounts, MasterCard Cash Disbursement, MasterCard Transaction Suspense, MasterCard SCB Offshore and Nostro Accounts) and review of open items on these accounts. 
• .Ensure that proper settlement procedures are established for all transactions on new MasterCard e-products that may be launched by First Bank or other Banks but will impact on us. 
• Ensure that all files are downloaded from MasterCard connect daily and back-up copies kept.
• Ensure all settlement entries passed are reviewed, verified and  passed in respect of all settlement processes within MasterCard team. 
• Ensure the daily transmission, to Interswitch SFTP, of all MasterCard POS transactions on the Bank’s acquired MasterCard accepting POS.
• Analyze transaction trends and ensure monthly reports are prepared to track volume and values of transactions across all MasterCard products to enable the bank track product performance.
• Ensure monitoring of Offshore Account is done.
• Oversee upload and accurate reporting of global collection only (GCO) transactions to ensure the bank’s compliance and avoid penalties from MasterCard.
• Ensure that proper settlement procedures are established for all transactions on new MasterCard e-products that may be launched by First Bank or other Banks but will impact on us. 
• Oversee all functions performed by other officers in MasterCard settlement team to ensure the team’s efficiency through timeliness and accuracy of all activities.
• Collaborate with IT, Business Solutions team, Product managers and other stakeholders for rollout of new initiatives on MasterCard settlement.
• Engage switches, card schemes and third-party processors on exceptions or issues identified with settlement and follow up to ensure resolution.
• Ensure timely collation and sending of Merchant Settlement reports to E-business Relationship Managers. Also, ensure merchant complaint issues are promptly resolved. 
• Ensure prompt reconciliation and posting of all MasterCard exceptions/dispense error and partial dispense transactions. 
• Monitor Naira MasterCard exchange rate trend and report any variation to E-business group for appropriate action. 
• Ensure timely collation and sending of Merchant Settlement reports to E-business Relationship Managers. Also, ensure merchant complaint issues are promptly resolved. 

Qualification

• Minimum Education: 1st Degree in a numerate discipline
• Minimum experience: 8 years, 5 of which must have been spent in e-Banking/Products