FX Funding and Allocation Officer at First Bank of Nigeria Limited Full Time NEW

Job Title: FX Funding and Allocation Officer

Job Identification: 1230
Location: Lagos
Job Schedule Full-time

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.

Requirements
Education Background / Professional Qualification:

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

Minimum Year of Experience Required:

• 3 – 5 years of experience in TROPS Functions.

Application Closing Date
23rd December, 2024; 07:57 PM.