Team Lead Payment and Negotiations at First Bank of Nigeria
Job Description
Responsible for overall coordination, management, and administration of all Trade Credit Lines, negotiation of presentations on Documentary Credit, booking and liquidation of trade loans, payments, and remittances on negotiated presentations and matured loans for the bank.
Provides leadership in enforcing compliance with 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.
Oversees the provision of assurance functions in enforcing terms and conditions of Letters of Credit.
Handles engagement and relationship management with regulators, internal and external stakeholders, local and foreign counterparties on payment and negotiation functions, sourcing of foreign exchange for payment on compliant presentations and trade loans, platform development, and business promotion.
Oversees and coordinates the booking and liquidation of trade loans, interest bookkeeping and collection, and charges administration on trade transactions.
Oversees revenue assurance functions for the bank on negotiated documentation and trade loans.
Manages the process of interest and charges collection and remittance.
Oversees daily and periodic reconciliation of Nostro, GL, suspense, receivables, and payable accounts, ensuring open items are closed in a timely manner.
Ensures periodic rendition of regulatory, management, and ad-hoc returns/reports related to payment and negotiation functions.
Manages the administration of operational risks, identifying risk mitigants to prevent risk crystallization.
Liaises with FINCON and external auditors on audit and financial matters.
Develops and implements capacity enhancement, skills building, and knowledge transfer plans for team members.
Job Requirements
Minimum of 8-10 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).