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.
Since its establishment in 1894, FirstBank has consistently built relationships with customers focusing on the fundamentals of good corporate governance, strong liquidity, risk management and leadership. Over the years, the Bank has led the financing of private investment in infrastructure development in the Nigerian economy by playing key roles in the Federal Government’s privatisation and commercialisation schemes. With its global reach, FirstBank provides prospective investors wishing to explore the vast business opportunities that are available in Nigeria, an internationally competitive world-class brand and a credible financial partner.
The Bank has been named “The Best Bank Brand in Nigeria” four times in a row – 2011, 2012, 2013, 2014 – by the globally renowned “The Banker Magazine” of the Financial Times Group; and “Most Innovative Bank in Africa” in the EMEA Finance African Banking Awards 2014. FirstBank’s brand purpose is to always put its customers, partners and all stakeholders at the heart of its business, even as it is poised to standardise customer experience and excellence in financial solutions across Sub Saharan Africa, in consonance with its brand vision “To be the partner of first choice in building your future”. Our brand promise is to always deliver the ultimate “gold standard” of value and excellence. This commitment is anchored on FirstBank’s inherent values of passion, partnership and people, to position our customers first in every respect.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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