Specialist Payment and Negotiation at First Bank of Nigeria
Job Description
Handles negotiation of documentary presentations, trade loans booking, bookkeeping, payments, and remittances on negotiated presentations and matured trade loans for the bank.
Enforces 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 document examination and management of identified discrepancies in line with the terms and conditions of the underlying Letters of Credit.
Initiates 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.
Delivers daily and periodic reconciliation of Nostro, Vostro, GL, Suspense, Payables, and Receivable accounts, ensuring open items are timely closed.
Renders regulatory, management, 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 regulatory authorities.
Liaises with the business and other internal stakeholders on inquiries and issue resolution.
Job Requirements
Minimum of 3-5 years of experience in trade functions.
First degree in any discipline.
Trade certification (CDCS, CSDG, CITF); master’s degree and other professional certifications (added advantage).