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.

We are recruiting to fill the position below:

Job Title: Specialist, Payment and Negotiation

Job ID: 1112
Location: Lagos
Employment Type: Full-time

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.

Education

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

Experience:

• 3-5 years of experience in Trade Services Functions.

Application Closing Date
26th July, 2024 (10:21 PM).