Specialist, Payment, and Negotiation

4 days ago

Nigeria First Bank of Nigeria Full time ₦1,500,000 - ₦3,000,000 per year
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.

    Job Requirements:
  • Minimum of 3-5 years of experience in Trade Functions
  • First Degree in any discipline
  • Trade Certification (CDCS, CSDG, CITF), master degree and other professional certification (added advantage)
     

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