Job Title: Compliance Officer
Job ID: 10784
Location: Lagos, Nigeria
Company: Stanbic IBTC Bank Plc
Parent Company: Standard Bank Group
Sector: Banking and Finance
Position Description: To support and assist International Business Center (IBC) team by providing efficient and effective transaction processing so as to provide a simpler better and faster customer service, minimize operational losses as well as ensure good customer relationships.
Other ker responsibilities inculde:
• Record submission of vouchers and source documents in call-over register and sign-off entry.
• Generate and print the transaction journal for entire IBC team for the day and call-over the vouchers and source documents.
• Note errors discovered on the printed journal and in the call-over exception register/form.
• Forward the list of errors as noted in the exception register/form to the teamleader/unit head of the posting officer for correction.
• Update exception register/form with action taken.
• Forward call-over journals to the head, Exchange Control and Compliance for review and sign-off.
• Arrange all individual envelopes in a single IBC call-over envelope, fill-out details on the envelope and forward envelope to the archive at regular interval.
• Balancing of Fx Allocation accounts and providing breakdown i.e Fx Allocation account proof (Monthly)
• Collating and co-ordination of monthly IBC performance tracker
• Reconciliation of IBC trade transaction suspense (GL 5205009) and providing breakdown daily.
• Prepare the grouping, schedule and co-ordinate the quarterly self audit.
• Ensuring compliance of the Exchange Control Documents within regulatory framework.
• Any other assignment as assigned by management
• Resource Utilisation
• Ensures effective, efficient and optimal utilisation of all resources (human and capital) to be responsive to competitive pressures, changing market conditions, client needs and business strategies
• Operational Performance
• Identifies and defines tactical operational performance metrics geared towards meeting the teams objectives by leveraging opportunities.
• Collaborates with other areas to ensure that best practices and a standard approach is followed.
• Provides accurate and timely MIS as per the matrix agreed with Centre (ROA Operations) to enable informed decision making.
• Control
• Identifies, assesses and mitigates the risks facing both systems and business processes thereby minimising the operational risks.
• Problem-solving
• Required to follow laid-down policies and procedures at all times.
• Deal with a wide range of customer queries, showing sensitivity to customers' individual requirements as well as the bank's laid-down operational/procedural limitations.
• Refer problems falling outside of parameters to the supervisor for resolution.
• Able to take the initiative within limits of authority.
• Proactive end to end query management
• Self Development
• Identify appropriate formal and occupational (informal) training needs and courses (internal/external) to develop yourself under discussion with Team Leader.
• Up-Skill yourself regarding new products and procedures through attendance of workshops/presentations and reading of internal and external communications.
• Share knowledge acquired from courses and apply knowledge gain for value added to job role performance
Required Skills and Qualifications:
• Minimum of a Bachelors degree in Business Management or any related discipline; Applicable certifications will be an added advantage
• 2- Year's banking experience; experience in Trade, Payments, Swift, Exchange Control would be an advantage.
• Working knowledge of rules and regulations governing Payments and Trade
• Attention to detail and results oriented
• Work in a fast paced environment
• Knowledge of the products processed in Exchange Control and Compliance.
• An extensive knowledge and understanding of the various systems used within the department.
• Comprehensive understanding of banking transaction processes relevant to products and services offered to customers.
• Practical knowledge of how to input access and utilize information to analyze forecast trends.
• Knowledge of the applicable legislation.
• Understanding of the Bank's systems, processes and procedures.
• Understanding the basics of team dynamics and participation in developing and maintaining a team culture.
• Broad understanding of international business operations.
• Broad understanding of problem resolution in respect of role
• Knowledge in Foreign Exchange Controls and any other guidelines
• Knowledge of rules governing trade and Treasury transactions
Required Competencies:
• Strong numerical skills
• Risk identification and assessment skills
• Ability to identify trends and make recommendations to Management
• Excellent interpersonal and communication skills (across the business).
• Strong customers focus and service orientation.
• Creative, analytical with good problem solving skills.
• Self driven, values based, innovative, independent adaptive and results orientated person.
• High emotional intelligence.
• Respond positively to change- be flexible, pro-actively encourage change.
• Teamwork skills – consistently promote teamwork, and add value within the team.
• Independent and energetic – Needs to be self-motivated, enthusiastic and show initiative with a sense of responsibility.
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