Job Title: Officer, Trade Returns
Employer: Stanbic IBTC Bank Plc
Parent Company: Standard Bank Group
Sector: Banking and Finance
Job ID: 11676
Location: Lagos, Nigeria
Division: Group Operations
Position Category: Business Support
Employment Type: Full Time – Permanent
Shift: No
Regulatory Approval: Yes
Job purpose: To produce timely and accurate regulatory /compliance returns, ensuring that Stanbic IBTC stays in step with the statutory requirements of Central Bank and other regulatory bodies. Automating the end-to-end workflow of regulatory reporting — from data capturing to validation (at our end) viz-a-viz report delivery to CBN with zero error tolerance.
Key responsibilities
DAILY RETURNS
• Spools the daily FX trading from Calypso.
• Import the transaction onto an excel sheet.
• Classify transactions on excel into different categories.
• Ensure that the Closing Positions (from Market Risk Report & Returns) agree.
• Prepares the daily (DTRs)
• Fill CBN's Data Submission System/eFASS and generate an XML file.
• Generate jar file from XML file.
• Upload the jar file via eFASS to CBN.
MONTHLY RETURNS
• Consolidate the daily DTRs to generate the month end returns(MTRs)
• Fill CBN's Data Submission System/eFASS and generate XML files for each of the returns (listed above).
• On DSS, generate the jar file for all the reports
• Upload the jar file to CBN (on or before the 5th day of the succeeding month or the next working day if 5th falls on a weekend)
• Back-up for other Exchange Control Officers (FECD)
• Any other duties that may be assigned from time to time.
Back up functions;
• Back up for CCI desk
Customer Service;
• Enhance the bank's image through effective customer service.
• Maintain a good service relationship with Treasury/GMO
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 units 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
Key performance measure;
• Consistent achievement of high levels of customer service and satisfaction
• Compliance and improvement on turn- around times (TAT)
• Reduction of costs and increased throughput (output)
• Compliance to regulatory requirements governing banking practices
• Effective management and mitigation of operational risks
• Constant feedback and support to Team Leader, Regulatory Reporting & CCI.
• Error free processing-zero errors
• Proactive approach to work, willing to take responsibility, ownership and throughput.
Required Skills and Qualifications:
Experience;
• Minimum of a bachelors degree in any discipline
• 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;
• 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:
Technical competencies;
• Risk identification and assessment skills
• Ability to identify trends and make recommendations to Management
Personal competencies;
• Excellent interpersonal and communication skills (across the business)
• Strong customer 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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