FX Funding and allocation officer

5 days ago

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

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

  1. First Degree in any discipline
  2. TROPS Certification (ACI), master degree and other professional certification (added advantage)

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